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.”

Labels

Labels:
Location: Albany, NY, USA

Comments

Post a Comment

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...
Post a Comment
Read more

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...
Post a Comment
Read more

Virtual pipeline system market - Demand of cleaner energy alternatives, Trends 2025

Powered by the advancing concerns over renewability of energy sources has affected the natural gas industry positively. The transportation of oil and natural gas in a brisk, albeit safe manner has never been such an urgent requirement. With pipelines being the most common approach, they are the primary choice of supply of energy sources. Physical pipelines, being confined to specific geography, are not found to be effective in terms of unfeasible terrains or technically inaccessible areas. As a result, the virtual pipeline industry has been gaining recognition, and is slated to be one of the fastest growing markets in the upcoming years. According to a report published by Transparency Market Research (TMR), the global virtual pipeline industry is anticipated to witness a steady growth during the forecast period of 2017-2025. The industry opportunity is expected to be supported by the brisk acceleration of the demand of transportation of liquid energy resources. Industrial space...
Post a Comment
Read more