According to Global Market Insights, Welding Equipment & Consumables Market provides a comprehensive analysis of the Welding Equipment & Consumables market segments, including their dynamics, size, growth, regulatory requirements, technological trends, competitive landscape, and emerging opportunities of global industry. This report also provides market landscape and market share information in the Welding Equipment & Consumables industry.
The global welding equipment & consumables market is anticipated to expand at a CAGR of more than 4% over the period of 2017- 2024. For the record, in 2016 the market was worth USD 19 billion and is further expected to attain a valuation of USD 25 billion by 2024, according to Global Market Insights, Inc.
Request for a sample copy of this report @
The extensive proliferation in the application spectrum of welding equipment & consumables market has locked exceptional gains for the industry in the coming years. The massive application gamut that spans the automobiles, aerospace, buildings & construction, oil & gas industries are certain to garner huge demand for welding equipment and uplift the market trends in the ensuing years. The fact that aforementioned end-use sectors find extensive usage of several welding equipment in industrial & fabrication processes, turns out to be a fundamental factor fueling welding equipment & consumables industry expansion.
The welding electrodes and flux cored wires are poised to remain the major consumables, while other products such as solid wires, SAW & Fluxes are likely to exhibit significant growth trends. In 2016, the flux cored wires segment within the welding equipment & consumables market generated revenue worth USD 900 million, acquiring a subsequent chunk of the industry share.
Taking into account the geographical landscape, Asia Pacific is touted to be the prime revenue pocket and is anticipated to account for more than 40% of the global welding equipment & consumables industry share by 2024. The vast application scope in the region, on account of expanding growth opportunities in automobile, construction, shipbuilding, transportation, and aerospace industries is poised to provide remarkable threshold to the regional welding equipment & consumables market in the forthcoming years.
Browse Report Summery @
ESAB Group, Lincoln Electric Company, Miller Electric, Senor Metals Private Limited, Arcon, Panasonic Corporation, and Miyachi America Corporation are some of the prominent industry players attempting to bring technological interventions in the welding equipment & consumables market. These companies highly rely on product advancements and mergers & acquisitions to sustain in the competitive scenario.
Lincoln Electric Company, for instance, has recently signed an agreement with Air Liquide to buyout its Air Liquide Welding subsidiary. On account of this merger, the combined unit is set to enhance the global specialty consumables portfolio by offering more comprehensive welding and cutting solutions. In addition, the company is also expecting its extension of channels across the region. Such growth strategies are likely to bring even more consolidation and fierce competition in welding equipment & consumables market trends.
Partial Chapter of the Table of Content
Chapter 2. Executive Summary
2.1. Welding equipment & consumables market 360° synopsis, 2013 – 2024
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Application trends
2.1.4. Regional trends
Chapter 3. Welding Equipment & Consumables Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 – 2024
3.3. Industry ecosystem analysis
3.3.1. Distribution channel analysis
3.3.2. Vendor matrix
3.4. Raw material analysis
3.5. Regulatory landscape
Make an Inquiry for Purchasing this Report @
3.6. Pricing analysis
3.6.1. Regional pricing
3.7. Industry impact forces
3.7.1. Growth drivers
3.7.2. Industry pitfalls & challenges
3.8. Growth potential analysis
3.9. Porter’s analysis
3.10. Competitive landscape, 2016
3.10.1. Strategic dashboard
3.11. PESTEL analysis