Welding products market Revenue, Opportunity, Segment and Key Trends

 


Welding Products Market: Introduction

The global welding products market was valued at ~US$ 21.8 Bn in 2018 and is anticipated to expand at a CAGR of ~5% from 2019 to 2027. Rapid development in infrastructure and urbanization are key factors stimulating the expansion of the global welding products market over the assessment tenure. Welding technology find increased use in the making of buildings, bridges, pipelines and various other engineered projects across the globe.

Key Drivers of Welding Products Market

Rapid infrastructural development and technological advancements primarily in the automotive industry are anticipated to boost demand over the forecast period. Growing demand for resistant welding technology from numerous applications mainly in the automotive industry for maintenance and repair are the key factors propelling the demand for welding products.

Request A Sample- https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=850

Automotive and Building & Construction to Foster Welding Products Market Growth

Construction industry has been flourishing for quite some time now and has evolved at a drastic pace. Urbanization due to ever expanding population has mounted pressure for more residences to be built. Rising demand for buildings is likely to trigger growth of the global welding products market over the assessment timeframe.  Changes in automobile designs and rise in demand for automobiles, especially in developing countries, are likely to drive the global welding products market. Additionally, repair and maintenance of automobiles is projected to add to the global demand for welding products.

Arc Welding Technology to Lead Welding Products Market

Key technology segments of welding products include arc welding, resistant welding, oxy-fuel welding and laser beam welding. The versatility of arc welding technique plays a key role in its overall appeal to end-users, thereby challenging the market share of other welding technology segments. Arc welding accounted for more than 40% of the global welding products market in 2018.

Shielded metal arc welding (SMAW), gas metal arc welding (GMAW) also known as metal inert gas (MIG) or metal active gas (MAG) welding, and gas tungsten arc welding (GTAW welding) are the commonly used arc welding techniques.

Stick Electrodes to Dominate Welding Products Market

Welding consumables account for larger share of the global welding products market. Electrodes and filler metals are the key consumables used in different welding processes. Molten melt tends to spill out during the process of out-of-position welding. Electrode helps avoid the spill through fast freezing deposit. Stick electrodes are commonly used in the shielded metal arc welding (SMAW) process. Solid wires accounted for the second largest market share in the welding consumables market in 2018. The use of solid wires has been growing with increase in the use of high-performance alloys in these wires.

Purchase A Report- https://www.transparencymarketresearch.com/checkout.php?rep_id=850&ltype=S

Asia Pacific Dominates Welding Products Market

Growth of the Asia Pacific is attributed to demand for arc welding in the numerous industries including building and construction, automobile, and manufacturing. Presence of numerous manufacturing firms across emerging countries including India and China is expected to fuel demand for welding products market. China, Japan, and India were key contributors to the welding products market in Asia Pacific in 2018. Small welding consumable suppliers are mushrooming in China, due to rise in demand for welding products in building & construction and automobile application segments.

Top Players Focus on New Product Offering with Advanced Technology

Some of the key players operating in the global Welding Products market are ESAB, Fronius International GmbH, Illinois Tool Works Inc., Lincoln Electric, Amada Miyachi America, Inc., Arcon Welding Equipment, LLC, Obara Corporation, and DAIHEN Corporation. The global welding products market is moderately concentrated, with the top three players accounting for more than 32% of the market in 2018.  In 2019, Lincoln Electric introduced POWER MIG 360MP welder, which has advanced features ideal for metal fabrication, maintenance and repair, and auto body and light industrial applications. The company offers an inverter-based arc welding power source for AC/DC TIG and stick welding.

Get Trending Report- https://www.prnewswire.com/news-releases/growing-consumer-shift-towards-vegetarian-food-product-to-spell-growth-for-the-bean-pasta-market-tmr-301326930.html

 

Comments

Post a Comment

Popular posts from this blog

Compresed Fiberboard Market Size, Analytical Overview, Growth Factors, Demand, Trends And Forecast To 2027

  Compressed Fiberboard Market: Introduction ·          A compressed fiberboard is a type of engineered wood wallboard, which is composed of wood fibers, sawdust, softwood flakes, and other materials such as paper or cardboard. All these materials are mixed with synthetic resin and wax and then, compressed in a de-fibrator machine under heat to form rigid sheets. Types of Compressed Fiberboards ·          Based on density, compressed fiberboards are classified into three key types: low-density fiberboards (LDFs), medium-density fiberboards (MDFs), and high-density fiberboards (HDFs). Low-density fiberboards, also known as particle boards, primarily used for wall paneling, molding, and furniture manufacture. The density of low-density fiberboards usually ranges between 160 kg/m³ and 450 kg/m³. Particle boards are less strong and inexpensive compared to MDFs and HDFs. Low-density fiberboards are mo...
Read more

Maqui Berries Market Positive Outlook for Industry Opportunities & Trends for Expansion during 2018-2028

Image
  Maqui Berries Market: Increased Consumer Spending on Organic & Clean-Label Nutrition to Favor Gains   Maqui berries, in line with the superfast success of pomegranate products, are receiving their share of limelight, with consumers curious to leave old and try something new, particularly products that are perceived to offer more health value. From being spawned as weight support aids, to immune supporters, and energy providers, maqui berries have already gained significant hype and popularity – our research finds sales of maqui berries reached US$ 863.7 Mn in 2018.  The paradigm consumer shift towards healthy foods, coupled with growing recognition of health benefits of maqui berries among them continues to create significant opportunities for manufacturers. Though the high cost constraint of maqui berries triggers reluctance to adoption among customers, alike, high nutritional profile of this fruit continues to keep the sales flowing.  Maqui Berries Market – ...
Read more

Ink Additives Market Likely to Expand Growth Scope in the Coming Years(2018-2026)

Image
  Ink additives are materials that impart necessary characteristics to printing inks. These characteristics include protection of the finished product and smooth running on the printing press. Growth of the Packaging Industry Driving Ink Additives Market Packaging is a highly important marketing aspect that influences consumers’ purchasing decision. The packaging industry is a major consumer of printing inks. Growth of the food & beverages sector and rise in the demand for flexible packaging in the health care sector are estimated to boost the demand for ink additives in the next few years. Increase in the demand for inks in the global packaging industry is projected to drive the global ink additives market during the forecast period. The global packaging industry was valued at approximately US$ 820 Bn in 2016 and is likely to expand at a rapid pace during the forecast period. Ink additives are employed in the manufacture of all types of printing inks. Request A Sample- https:...
Read more