Welding Consumables Market || Key Players Are - Hyundai Welding Co. Ltd., Illinois Tool Works Inc., The Lincoln Electric Company, Colfax Corporation, Hilarius Haarlem Holland B.V., Sandvik Materials Technology

Looking at the current market trends as well as the promising demand status of the Welding Consumables Market, it can be projected that the future years will bring out positive outcomes. This research report added by MRRSE on its online portal delivers clear insight about the changing tendencies across the global Welding Consumables Market. Readers can gather prime facets connected to the target market which includes product, end-use and application; assisting them to draw conclusions out of this intelligent research report.

The report covers the entire overview of the market including the market dynamics such as drivers, restraints, opportunities, and trends that are predicted to leverage the existing nature and prospective status of this market. The competitive position of the welding consumables market is studied through the Porter’s Five Forces Analysis. Additionally, current indicators of diverse macro-economic factors are contextualized under key market indicators.

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The global welding consumables market is expected to reach around US$ 25,245.37 Mn by 2026. The welding consumables market is expected to grow in terms of value sales at a CAGR of 10.6% during the period 2016-2026. The Asia Pacific welding consumables market is expected to incur the highest market share, accounting for US$ 9,829.89 Mn in 2026. Rapid expansion of end-use industries such as construction, manufacturing, automotive & transportation, oil & gas, and power generation is anticipated to drive the welding consumables market. Increase in construction of buildings with unique designs coupled with new construction techniques is anticipated to boost the welding consumables market. Expansion in the market is expected to be further driven by Foreign Direct Investment (FDI) in emerging markets in construction as well as other industries. Evolving automobile designs coupled with the addition of new safety features in them is offering great opportunity to new welding techniques, thereby fueling the welding consumables market. Additionally,demand for welding consumables from emerging countries such as India, China, and South Africa is increasing rapidly. Various end-use industries such as automotive & transportation, building & construction, steel structure, and manufacturing are witnessing significant expansion in India, China, and South Africa.

The welding consumables market has been provided in (US$ Mn) in terms of revenue as well as the CAGR (%) for the forecast period 2018 to 2026. The welding consumables market is a global report studied on the basis of product type, welding technique, end-use industry, and region.

The report also highlights the competitive landscape of the welding consumables market, thereby positioning all the major players according to their geographic presence and recent key developments. The comprehensive welding consumables market estimates are the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological, and legal factors along with the current market dynamics affecting the growth of the welding consumables market. Besides, competition matrix and market share analysis has been included under the competitive landscape to understand the top players’ contribution in the welding consumable market. Each company is studied on the basis of basic information, financial highlights, revenue highlights of regional contribution and segment contribution, and product portfolio. Additionally, the company strategy and recent developments if any are also incorporated under each company profile section.

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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.

Welding Consumables Market

By Product Type

Stick electrodes

Solid wires

Flux-cored wires

SAW Wires and Fluxes

Others (GTAW Consumables, TIG consumables etc.)

By Welding Technique

Arc Welding

Resistance Welding

Oxy-Fuel Welding

Ultrasonic Welding

Others (Friction stir, electron beam etc.)

By End-use Industry

Automotive & Transportation

Construction

Manufacturing

Fabrication

Oil & Gas

Others (Marine, Power Generation, Maintenance & Repair)

By Geography

North America

U.S.

Canada

Europe

U.K.

Germany

France

Italy

Rest of Europe

Asia Pacific

China

India

Japan

Rest of Asia Pacific

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