Global Welding Products Market Size is estimated to expand rapidly in coming years, at a CAGR of 5.75 % from 2018 to 2025. In 2017, the global market valuation was USD 13.5 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. In fact, the supply for sophisticated welding technology in the automotive industry will increase to stimulate consumer supply. Robust development in the manufacturing and construction industry will probably fuel development.
The US is also anticipated to lead the industry, because of growing supply from the building and construction industry, as the biggest supplier in North America. Rapid industrialization and growth of infrastructure have been driving the industry in recent years in significant markets such as the United States, China, India, Australia and Singapore. In the coming years, strong national competition and economic expansion are expected to increase in vehicle manufacturing, which will fuel the requirement for welding products.
Global Market Growth Opportunities (Revenue, Growth) By 2017-2025
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global welding products market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global welding products market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
By Technology Insights: On the basis of technology, global welding products market has been segmented into arc, resistance. The biggest market share in arc welding is expected to remain dominant over the forecast period in 2018. Arc welding will assist in connecting two metals by utilizing electricity as a medium of energy to build an electric arc between the electrical arc and the foundation metal. It can solder many metals with excellent stability in a broad spectrum of thicknesses. Arc welding can be used in nearly all locations and in multiple working circumstances with respect to their implementation in the building and construction industry.
By Product Insights: On the basis of product, global welding products market has been segmented into stick electrodes, solid wires. During the forecast period, the stick electrode will proceed to offer considerable business possibilities. Due to its useful characteristics such as corrosion resistance, elevated tensile strength and ductility, Stick electrons are commonly used in laser soldering. For soldering parts in wide fields of implementation, including pipelines, shipyards and pressure vessels, the stick electrodes are widely used.
By Application Insights: On the basis of application, the global welding products market has been segmented into construction, automotive & transportation. Welding products are widely used in multiple structures, including bridges and buildings. They are also used in the production of metal and other procedures. The development of the welding products market is driven by continuous development in the solding technology sector in complicated, big buildings and complicated buildings. Different soldering technology based on the selection of metal and welding setting is used in several apps. The key element driving market growth is quick urbanization.
The welding products market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players.
In view of the growing supply from the motor industry for welding automotive parts and car-boards, Asia Pacific is anticipated to rise as the fastest-growing market during the projected year. In addition, increasing production requirement from the construction sector is also anticipated to increase national development for the purpose of welding buildings, housing, and industrial manufacturing processes. It is anticipated that the presence of the main automakers will be a significant catalyst for the national economy. In many sectors including construction, automotive, and manufacturing, the requirement for arc welding is the result of North America's growth. Many manufacturing companies in emerging economies, including the United States and Mexico, are anticipated to boost supply.
Global Welding Products Market Size, Share Analysis by Region 2018
Global Welding Products Market Study Objective
1. To forecast the market size of welding products market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
2. Market analysis and forecast of welding products market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
3. To analyze and elaborate significant factors that will have a major impact on the growth of welding products market, such as drivers, restraints, challenges, and opportunities.
4. The regional analysis of welding products market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.
5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.
6. To provide detailed analysis of competitive and strategic developments in the welding products market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Landscape
Colfax Corporation, Hyundai Welding Co., Ltd., The Lincoln Electric Company, Voestalpine AG, Denyo Co., Ltd., Illinois Tool Works, Inc., Air Liquide, Obara Corporation, and Sandvik AB are some of the key players in the market of welding products.
Global Welding Products Market Study Report Offer You!
The global welding products market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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