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Welding Products Market Report (2023-2032)- Industry Growth, Global Analysis, Regional Overview And Top Key Players| The Lincoln Electric Company, Colfax Corporation, Illinois Tool Works Inc., Kemppi Oy, Kiswel Inc, Obara Corporation
Welding Products Market
Welding Products Market Size, Growth Rate, And Forecast:
The global welding products market size grew from $14.96 billion in 2022 to $16.37 billion in 2023 at a compound annual growth rate (CAGR) of 9.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The welding products market size is expected to grow to $22.11 billion in 2027 at a CAGR of 7.8%.
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Welding Products Market Drivers:
The rapid expansion of the construction sector is expected to propel the growth of the welding products market in the forecast period. The construction sector is a very diverse industry that includes various activities such as infrastructure, buildings, and maintenance. Welding is mostly used in the production of structural frameworks from metal components. Welding is used for joining trusses, footers, steel I-beams and columns that maintain a building's walls, roof, and floors.
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Welding Products Market Segments:
By Product: Stick Electrodes, Solid Wires, Flux Cored Wires, Saw Wires and fluxes, Other Products
By Technology: Arc Welding, Resistance Welding, Oxy Fuel Welding, Laser Beam Welding, Other Technologies
By Application: Automotive And Transportation, Building And Construction, Marine, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Welding Products Market.
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Welding Products Market Key Players
Major competitors in the welding products market include The Lincoln Electric Company, Colfax Corporation, Illinois Tool Works Inc., Kemppi Oy, Kiswel Inc.
The Business Research Company's "Global Welding Products Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Welding Products Market Include:
1. Executive Summary
2. Welding Products Market Characteristics
3. Welding Products Market Trends And Strategies
4. Welding Products Market - Macro Economic Scenario
5. Welding Products Market Size And Growth
……
25. Key Mergers And Acquisitions In The Welding Products Market
26. Africa Welding Products Market
27. Welding Products Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Welding Products Market
29. Welding Products Market Future Outlook and Potential Analysis
30. Appendix
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