Skip to main content

Global Welding Products Market: Robust Development of Automotive and Construction Industries to Accelerate Growth, says TMR

The global welding products market is moderately concentrated in nature with a few players holding a key share of the market, states a research report by Transparency Market Research (TMR). In 2013, the leading players in the global welding products market, namely Lincoln Electric, ITW, and ESAB accounted for a share of approximately 33% of the global market. In order to enhance the market presence, the key players in the global market are focusing on strategic collaborations, innovations, and significant rise in production capacities. In addition, the increasing research and development activities and the rising number of players entering the market are some of the vital factors anticipated to augment global welding products market in the next few years.

According to the research study by Transparency Market Research, in 2015, the global market for welding products was worth US$19,080.3 mn and is expected to reach a value of US$23,777.5 mn by the end of 2020.
Asia Pacific to Remain Dominant in Global Welding Products Market
Among the key geographical segments, in 2015, Asia Pacific led the global welding products market and is estimated to remain in the leading position throughout the forecast period. As per the research study, this region is expected to account for a share of 43.8% of the global market by the end of 2020. The rising investments in several end-use industries, including building and construction, automobile, and other manufacturing units are expected to encourage the growth of this region in the next few years. In addition, the high contribution from India and China is another factors expected to accelerate the growth of the Asia Pacific market in the next few years.
On the basis of application, the global market for welding products has been categorized into Marine, automobile and transportation, building and construction, and others. Among these, the automation and transportation segment is likely to lead the global market and account for a share of 17.8% by the end of 2020. The rising demand for welding products as they help in structural performance in vehicles is one of the key factors anticipated to fuel the growth of this segment in the next few years.
Increasing Demand for Repair and Maintenance of Automobiles to Encourage Growth
The growing demand for welding products from the automotive and the robust development of the construction industry are the vital factors anticipated to encourage the growth of the global welding products market throughout the forecast period. The growing demand for efficient, enhanced, and safe vehicles with permanent welding is expected to supplement the growth of the market in the near future.
Furthermore, the increasing number of repair and maintenance jobs of automobiles is estimated to generate promising opportunities for the key players in the global welding products market. The rising number of projects of construction of new pipelines and rehabilitation of existing oil infrastructure and gas production facilities are projected to indirectly fuel the growth of the global welding products throughout the forecast period.
Absence of Skilled Labor to Curtail Market Growth
The global market for welding products is expected to face several challenges that are likely to restrict the growth of the overall market in the next few years. The shortage of skilled and trained labor in the manufacturing industries is one of the key factors estimated to hamper the growth of the global welding products market in the next few years. In addition, the high cost of labor in developed countries is anticipated to curb the market’s growth in the near future. Nevertheless, the rising demand from the wind industry, especially in developing nations is anticipated to generate promising opportunities for the market players throughout the forecast period.
Global Welding Products Market, by Technology
  • Arc welding
  • Resistance welding
  • Oxy-fuel welding
  • Laser beam welding
  • Others (ultrasound welding, etc.)
Global Welding Consumables Market, by Product
  • Stick electrodes
  • Solid wires
  • Flux-cored wires
  • SAW wires and fluxes
  • Others (gases, etc.)
Global Welding Products Market, by Application
  • Automobile and transportation
  • Building and construction
  • Marine
  • Others (repair and maintenance, etc.)
This information is based on the findings of a research report published by Transparency Market Research (TMR), titled “Welding Products Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020.”

Comments

Popular posts from this blog

Global Epoxy Curing Agents Market - Projected to Scale-Up by construction, adhesive, Wind Energy Application to 2022.

“Global Epoxy Curing Agents Market Market Professional Survey Report 2017-2022” Purchase This Report by calling ResearchnReports.com at +1-888-631-6977. Global Epoxy Curing Agents market   Report is a professional and in-depth research report on the world’s major regional market conditions of the Epoxy Curing Agents market, focusing on the main regions (North America, Europe and Asia) and the main countries (United States, Germany, Japan and China). Based on application, the wind energy segment is projected to witness the highest growth from 2017 to 2022, both in terms of value and volume. Wind blades manufacturing is one of the major applications for epoxy curing agents. The depletion of fossil fuels and their volatile prices have resulted in increased energy cost with rise in demand. This research report provides an in-depth analysis of the global Epoxy Curing Agents Market based on enterprise size, services, solution, end-use industry, and geography. The report also prov...

Glass Fiber Reinforced Gypsum Market - Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2017-2025

Glass Fiber Reinforced Gypsum (GFRG) is a composite application utilizing naturally occurring mineral gypsum combined with reinforcing fibers. It may also contain polymers to increase product strength. The molding process can be either hand lay-up or a chopped strand spray method. Stereotypically, the end product is used for indoor applications with negligible exposure to moisture or other environmental elements. Completed composites are in the form of ornamental or decorative columns, pillars and facades. With the slowdown in world economic growth, the global market has also suffered a certain impact, but still maintained a relatively optimistic growth. In terms of revenue, the Global Glass Fiber Reinforced Gypsum Market was valued at US$ 458.49 Mn in 2016 and is expected to reach US$ 888.35 Mn by 2025, expanding at a CAGR of 7.6% from 2017 to 2025. The Global Glass Fiber Reinforced Gypsum Market is boosted by factors such as: ·       ...

Global Arcylamide Market for Applications like Waste & Wastewater Treatment, Pulp & Paper, Printing & Dyeing, Solid Crystalline - Analysis of Top Key Players and Forecast to 2022

This report comprises a comprehensive outline of the current state of the   Global Arcylamide market   and projects its growth and every other central elements across major provincial markets. It presents an immense amount of market information that has been collected with the help of countless number of prime and subordinate research techniques. The statistics of this report has been tapered down using numerous industry based analytical procedures. An in depth synopsis of key market drivers, inclinations, manacles are provided and the study analyzes the way they shake the Global Arcylamide market in an affirmative as well as an adverse way. The topographies which are enclosed in this report are North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Taking into consideration the given prediction period and specifically studying each and every data annually, a report is been enlisted to ensure the data is well anticipated by clients. Increasing u...