Press release
Welding Products Market Is Booming Worldwide To Show Significant Growth By 2026 | Colfax Corporation, voestalpine AG, Air Liquide, The Lincoln Electric Company, Illinois Tool Works
Welding Products
Strategically analyzed facts and figures of the market and keen business insights covered in this Welding Products Market report would be a key aspect in achieving enduring business growth. The insights provided in this Welding Products Market research report are based upon SWOT analysis on which businesses can rely confidently. The analysis and estimations conducted via this report help to get an idea about the product launches, future products, joint ventures, marketing strategy, developments, mergers and acquisitions and effect of the same on sales, marketing, promotions, revenue, import, export, and CAGR values.
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Global welding products market is expected to register a substantial CAGR of 5.95% in the forecast period of 2019-2026. Increasing demand of welding products from construction industry and technological advancement in welding products are the factor for the growth of this market.
Key Market Competitors:
Few of the major competitors currently working in the global welding products market are Colfax Corporation, voestalpine AG, Air Liquide, The Lincoln Electric Company, Illinois Tool Works Inc., HYUNDAI WELDING CO., LTD., OBARA CORP, Sandvik, Kiswel Incorporated, Kemppi Oy., Mitco Weld Products Pvt. Ltd., Senor Metals Pvt. Ltd. Arcon Welding Equipment, Rofin-Sinar, DAIHEN Corporation., Basiloid Products Corporation, Amada Miyachi, Inc.
Global Welding Products Market By Technology (Arc Welding, Resistance Welding, Oxy-Fuel Welding, Laser Beam Welding, Other), Product (Stick Electrodes, Solid Wires, Flux-Cored Wires, Saw Wires and Fluxes, Others), Application (Transportation & Automobiles, Building & Construction, Marine, Others), Level of Automation (Manual, Semi- Automatic, Automatic), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) - Industry Trends and Forecast to 2026.
Market Definition: Global Welding Products Market
Welding products are those products which are used by the welding professional. Welding machines usually uses heat so that they can melt metals and join them. Arc welding, oxy- fuel welding, laser beam welding and resistance welding are some of the common welding technique. They are widely used in gas welding, electron- beam welding, arc welding etc. Increasing demand for robotic laser welding is fuelling the growth of this market.
Market Drivers:
o Increasing new transportation projects worldwide will drive the growth of this market
o Rising demand of robotic laser welding among industries is driving the market growth
o Increasing prevalence of welding products in automotive, building and construction industry will also act as a driver for this market
o Rising urbanization and industrialization will also propel the market growth
o Technological advancement and development of welding products will act as major factor for the market growth.
Market Restraints:
o Lack of skilled and trained professional will hamper the growth of this market
o Increasing labour cost is another factor restraining the market growth
Global Welding Products Market Segmentation:
By Technology
o Arc Welding
o Resistance Welding
o Oxy-Fuel Welding
o Laser Beam Welding
o Other
By Product
o Stick Electrodes
o Solid Wires
o Flux-Cored Wires
o Saw Wires and Fluxes
o Others
By Application
o Transportation & Automobiles
o Building & Construction
o Marine
o Others
By Level of Automation
o Manual
o Semi- Automatic
o Automatic
Key Developments in the Market:
o In March 2019, Indutrade announced that they have acquired Wholesale Welding Supplies Ltd. This acquisition will help the company to provide different equipment, education services and consumables products to the industrial welding market and will also help them to increase their sales and create revenue. With better fully equipped training centre, they will be able to serve their customer with better services and products.
o In December 2018, Tech Air announced that they have acquired cully Welding Supply Corporation and Scully Propane Service Corp so that tech air can expand their business worldwide and broaden their customer base. They will be able to get access to the companies' resources, assets and expertise which will help them create new opportunities which will help them to strengthen their business.
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Competitive Analysis:
Global welding products market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of welding products market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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