Foreign Investment and Competition Spur Growth in Malaysian Welding Equipment Markets
DUBLIN, Ireland--Research and Markets (http://www.researchandmarkets.com/reports/c46482) has announced the addition of Frost & Sullivan's new report: Malaysian Markets for Welding Equipment and Consumables to their offering.
This research service entitled Malaysian Markets for Welding Equipment and Consumables provides current market structure analysis, probable market projections and strategic recommendations for market participants. In this research service, expert analysts thoroughly examine the following applications: arc welding equipment, resistance welding equipment, gas welding equipment, and welding consumables.
Market Sectors
Expert analysts thoroughly examine the following market sectors in this research:
- Automotive
- Oil & gas
- Heavy industry
- Construction
- Others
Technologies
The following technologies are covered in this research:
- Arc welding equipment
- Resistance welding equipment
- Gas welding equipment
- Other welding equipment
- Welding consumables
Market Overview
Foreign Investment and Competition Spur Growth in Malaysian Welding Equipment Markets
The markets for welding equipment and consumables in Malaysia are poised to grow in the near future. With the Government allowing 100 percent foreign investment, the country is set to become a manufacturing hotspot attracting a lot of foreign capital. As a result, increased manufacturing activities and construction-related projects are expected to bring about a rise in demand for welding equipment and consumables. There is also likely be an increase in demand from the automotive sector - the biggest end-user of welding equipment - as domestic car manufacturers modernize their production processes as well as increase capacity in a bid to overcome foreign competition.
The spill over effects from other sectors benefiting from an increase in investment is also likely to boost the demand for welding equipment and consumables, says the analyst of this research service. The growth brought about by an increase in foreign investment is also likely to encourage developments in welding technology as foreign companies are expected to have higher requirements for welding equipment.
Growth Expected in Overall Market
The Malaysian welding equipment and consumables market is relatively small, registering only $71.6 million in revenues in 2005. Compared to the size of the country's economy, this market is rather small, perhaps due to limited demand from traditional welding-intensive industries. As in most emerging markets, product segments involving arc welding dominate the welding equipment and consumables markets, accounting for 74.0 percent of the total market revenues in 2005.
Major legislative changes and the ensuing flood of competition bode well for these markets. Local incumbents will need to upgrade their processes to remain competitive, while foreign companies are looking at establishing their production facilities locally, as Malaysia promises to be a high-growth market.
For more information visit http://www.researchandmarkets.com/reports/c46482
Source: Frost & Sullivan