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. Vi...