Global Welding Products Market Boosted by Booming Construction Industry; Market to Reach US$23.8 bn by 2020

The global welding products market is progressing at a CAGR of 4.50% between 2014 and 2020. The market was valued at US$17.4 bn in 2013 and is expected to reach US$23.8 bn by the end of 2020, according to a research report released by Transparency Market Research, titled “Welding Products Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020”. The research reference is available on the company website, along with the report for sale.

According to the report, the global welding products market is primarily driven by the booming construction industry. Another end-use industry that has ramped up its demand for welding products is the growing automotive industry. Both construction and automotive industries are rapidly expanding in developing economies, giving rise to a bumper growth rate for the global welding products market in the coming years. Both industries make extensive use of welding products. The global welding products market is also expected to witness growth in demand from the energy sector, specifically from wind energy companies. Wind energy devices require a medium-to-large amount of welding activity.

Download Sample PDF report with TOC:

http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=850

The report also explains the various restraining factors acting on the global welding products market, including the lack of skilled labor that will be incurred in a rapidly expanding industry. This, according to the report, will hold true especially for developed nations, consequently hampering the global welding products market’s overall growth rate. The global welding products market is also hindered by high labor costs, which have reduced the profit margins in developed nations.

On the basis of welding techniques, the global welding products market was dominated by arc welding, which held a share of almost 40.0% in 2013. This segment was followed by resistance welding and laser beam welding. The largest end user in the global welding products market for 2013 was the building and constructions industry, with a market share of 17.0%.

Browse The Full Report at:

http://www.transparencymarketresearch.com/welding-products.html

Asia Pacific is the leading regional segment of the global welding products market. It held 40% of the global welding products market in 2013 and is expected to continue to dominate the market. North America and Rest of the World collectively held 32.0% of the

market in 2013. Europe, on the other hand, showed signs of a declining welding products market, owing to instability in the supply-demand chain and a recovering economy.

The most prominent players in the global welding products market are Illinois Tool Works, ESAB, and Lincoln Electric. The three companies dominate the global welding products market in terms of range and sales figures of welding products. All three companies possess widespread global distribution channels. Other key players are Doncasters Group Ltd., ROFIN-SINAR Technologies Inc., Sonics & Materials, Inc., Fronius International GmbH, Miyachi America Corporation, Obara Corporation, Arcon Welding, and DAIHEN Corporation.

Key segments of the Global Welding Products Market

Welding Products Market - Technology Analysis
Arc welding
Resistant welding
Oxy-fuel welding
Laser beam welding
Others (ultrasound welding, etc.)

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyses information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Superabrasives (Turning, Cutting, Buffing, Drilling, Boring, Grinding) Market Research Report 2025

An abrasive is a material which molds or provides finishing to a work piece through a process which includes buffing, grinding, cutting, as well as polishing. Abrasion typically depends on the difference in the hardness of the material and the abrasive (with the latter being the harder of the two). Unlike regular abrasion where any two solid materials that repeatedly rub against each other tend to wear away, superabrasives possess the kind of hardness that enables them to stay usable for a longer period of time. On the basis of hardness, the top two superabrasives include diamond and cubic boron nitride (CBN). Industrial diamonds used as superabrasives are exceptionally hard materials. However, they display several technological limitations. For instance, when a diamond comes in contact with a ferrous alloy such as steel or a nickel superalloy, the resulting formation of carbide leads to its abrasion. Also, a diamond-containing tool can only be used at moderate temperatures a

Industrial Lubricants Market: Strong Demand Across Automotive Industry, Trends To 2025

Lubricants refer to the organic or inorganic material primarily being use to decrease friction between two surfaces in contact. Lubricants play a key role in several industries as well as in commercial and residential sectors. One of their most common uses is in the lubrication of bearings and gears, allowing for their easy movement at high speeds, without loss in energy, prevent excessive generation of heat, or most importantly, prevent damage that would be caused otherwise. Industrial lubricants are, therefore, essential in enhancing the overall efficiency of a machine that contains moving parts in contact with one another. The global industrial lubricants market is currently expanding at a solid growth rate, driven by several factors and spearheaded by the likes of BP, Total, Chevron Corporation, ExxonMobil, and Shell. Browse Market Research Report @ http://www.transparencymarketresearch.com/industrial-lubricants-market.html What Impact has the Oil and Gas Industry Had

Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @ http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid prototypi

Market Research Reports

Search This Blog