The US electron-beam welding (EBW) machine market is estimated to grow at a CAGR of around 6.9% during the forecast period. Pivotal factors that augment the growth of the market include well-developed energy and power sector coupled with the soaring natural gas production. Moreover, the significant automotive production is driving the demand for EBW machine in the country. The US automobile industry includes several local and global manufacturers such as Ford, Hyundai, Nissan, Toyota, General Motors, Honda, Tesla, and Proterra, among others.
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As per the Organisation Internationale des Constructeurs d’Automobiles (OICA), the overall vehicle production of the US stood at nearly 11 million in 2019, a decline of around 3.7% from that of the previous year. The electron beam is used for welding a multitude of clutch/shaft, gear/synchronizer, and planet carrier components for manual and automatic transmissions as well as torque converters and impellers/shaft assemblies for turbochargers. Thus, the presence of the well-established automotive industry in the region creates demand for EBW machines and hence drives the regional growth of the market.
The US EBW market is segmented on the basis of component and end-user. Based on the component, the market is segmented into the electron gun, working chamber, workpiece manipulator, and others including power supply & control equipment. Electron guns held the largest share in 2018. The electron gun is the major component of electron beam welding machines. It is expected to hold a major market share during the forecast period. Based on end-user, the market is segmented into automotive, aerospace & defense, marine, construction, industrial fabrication, and others including electronics and medical. Aerospace & defense is estimated to contribute a significant share in the market in 2018.
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Further, the report covers the analysis of various players operating in the market. Some of the prominent players covered in the report include General Electric Co. (Arcam AB), PTR-Precision Technologies, Inc., Sciaky Inc., and Gullco International Ltd. The market players are adopting several strategies such as mergers and acquisitions, product launches, and partnerships and collaborations, to gain a competitive advantage. For instance, in March 2018, Sciaky Inc. signed an agreement with Farcco Technologia to increase its sales efforts of Electron beam additive manufacturing solutions in the Brazil market. The existing marketing framework of Farcco is leveraged by the Sciaky to ensure a strong market presence in the region.
US Electron-Beam Welding (EBW) Machine Market- Segmentation
By Component
- Electron Gun
- Working Chamber
- Workpiece Manipulator
- Others
By End-User
- Automotive
- Aerospace & Defense
- Marine
- Construction
- Industrial Fabrication
- Others
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