Market Research Reports

The global welding products market is moderately fragmented with the key players such as Lincoln Electric, ESAB, and ITW leading in the market. These three players accounted for a collective share of 30% in 2013, states a new report by Transparency Market Research (TMR). This market is capital intensive and thus, local vendors find it difficult to compete with the larger players. Local players are unable to compete with large players on the basis of quality, services, functionalities, and features. Thus, these small players are entering into the market by introducing products that are low in price. Some of the players operating in the welding products market are: Voestalpine AG, Sonics & Materials Inc., Fronius International GmbH, Rofin-Sinar Technologies Inc., Arcon Welding, Bohler, Panasonic, Daihen Corp, and OBARA Co. In order to increase their production capacities and focus on innovations, companies are adopting the strategy of merging or acquiring other players. Acco...

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. Vi...