Skip to main content

Welding Consumables Market to reach US$ 25,245.37 Mn by 2026 - TMR

Welding Consumables Market  

According to a new market report published by Transparency Market Research titled “Welding Consumables Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016–2026,” the global welding consumables market is expected to reach a value of US$ 25,245.37 Mn by 2026 at a CAGR of 10.6%. The Asia Pacific welding consumables market is projected to observe the highest growth during the forecast period.The market witnessed considerable growth due to increased demand in construction, manufacturing industries etc. The welding consumables market is influenced by market dynamics with the prime driving factor of increase in rapid growth of end-use industries such as construction, manufacturing, automotive & transportation, oil & gas, and power generation.
 Additionally, evolving automobile designs coupled with the addition of new safety features in them is offering significant opportunity to new welding techniques, thereby driving the welding consumables market. On the other hand, slow growth of advanced welding technologies and consumable products in developing countries is one of the main challenging factors affecting the welding consumable industry. However, there is high potential for welding consumables in wind and solar energy industries. 
Planning To Lay Down Future Strategy? Request Sample https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=50112

In 2017, based on product type, stick electrodes accounted for market value of around US$ 3,422.76 Mn at a CAGR of approximately 11% in the global welding consumables market due to its widespread application in end-use industries. This factor is expected to showcase growth potential for welding consumables. In terms of welding technique, oxy-fuel segment is anticipated to expand at a CAGR of more than 10% in terms of value. 
Based on end-use, usage of welding consumables in construction and manufacturing industries is anticipated to grow at a faster rate due to increasing urbanization in developing as well as in developed regions. By geography, Asia Pacificis expected to continue its dominant share in the welding consumables market with more than 38% share. Across the Asia Pacific region, China holds highest market share in the welding consumables market.
Curious? Request To Access Market Data Welding Consumables Market

Key players operating in the global welding consumables market includes voestalpine Bohler Welding GmbH, Hyundai Welding Co., Ltd., Illinois Tool Works Inc., The Lincoln Electric Company, Colfax Corporation, Hilarius Haarlem Holland B.V., Sandvik Materials Technology,  EWM AG, Kobe Steel Ltd.,and Tianjin Bridge Welding Materials Group Co., Ltd.
More Trending Reports by Transparency Market Research –  

Labels:

Comments

Post a Comment

Popular posts from this blog

Lipid Profile Market: Information, Figures And Analytical Insights 2027 | Abbott., Akers Biosciences, Inc., Beckman Coulter

Emerging product trends, major drivers, challenges and opportunities in the market are identified and analysed apparently while generating this credible  Lipid Profile Market  analysis report. It helps customers or other market participants to be aware of the problems they may face while operating in the Lipid Profile industry over a longer period of time. The market data is analysed and forecasted using well established market statistical and coherent models. The global Lipid Profile business report is generated based on the market type, size of the organization, availability on-premises, the end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. The scope of this Lipid Profile Market report extends from market scenarios to comparative pricing between major players, cost and profit of the specified market regions. The data collected to structur...
Post a Comment
Read more

Cryptocurrency Market: Opportunity Analysis and Industry Forecast Up To 2025

  The growing popularity of digital currency has played an integral role in driving sales across the global  cryptocurrency market.  The use of digital ledgers and blockchain technology across the financial space has emerged as an important dynamic of market growth. Moreover, investments in various forms of cryptocurrency have led to market growth and maturity. Several industry analysts consider cryptocurrency as a lucrative digital currency that could revolutionize the area of transactions. The availability of digital ledgers floating across the cryptocurrency ecosystem has helped in reconciling the use of this currency. Considering the factors stated above, it is legit to believe that the global cryptocurrency market would gain momentum in the times of follow. Transparency Market Research (TMR), in it report, predicts that the global cryptocurrency market would grow at a boisterous CAGR of 31.30% over the period between 2017 and 2025. The total value of the glo...
Post a Comment
Read more

Agricultural Sprayers Market To 2027 Market Development, Overview and Forecast | Deere & Company, CNH Industrial, Exel Industries

This large scale Agricultural Sprayers Market research report involves six major parameters namely market analysis, market definition, market segmentation, key developments in the market, competitive analysis, and research methodology. The report identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the market. Agricultural Sprayers Market report helps uncover the general market conditions and tendencies. Clients accomplish unparalleled insights and acquaintance of the best market opportunities into their respective markets from this market report. The Agricultural Sprayers Market document assist businesses with the intelligent decision making and better manage marketing of goods which ultimately leads to growth in the business. Request an analyst call or drop down an enquiry to get thorough Agricultural Sprayers Market report. Different markets, marketing strategies, trends, future products and emerging opportunities are taken...
Post a Comment
Read more