Press release
Welding Products Market Overview 2024: Assessing Growth Opportunities and Forecast
"Welding Products
The Business Research Company offers in-depth market insights through Welding Products Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The welding products market size has grown strongly in recent years. It will grow from $15.76 billion in 2023 to $16.78 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to rise in industrialization, growth of manufacturing sector, expansion of infrastructure projects, adoption of welding technology in the automotive industry, increasing construction activities.
The welding products market size is expected to see strong growth in the next few years. It will grow to $21.71 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to rise in demand for welding products in the renewable energy sector, growing demand for lightweight materials in various industries, expansion of the oil and gas industry, increasing focus on repair and maintenance activities in aging infrastructure, increasing demand for welding products in the defense industry . Major trends in the forecast period include adoption of automation and artificial intelligence, eco-friendly welding technologies and materials, customization of welding products for specific industrial applications, integration of data analytics for quality control, shift towards more portable and compact welding equipment for flexibility.
Get Free Sample Of This Report-
https://www.thebusinessresearchcompany.com/sample.aspx?id=5303&type=smp
Market Segmentation:
The welding products market covered in this report is segmented -
1) By Product: Stick Electrodes, Solid Wires, Flux Cored Wires, Saw Wires and fluxes, Other Products
2) By Technology: Arc Welding, Resistance Welding, Oxy Fuel Welding, Laser Beam Welding, Other Technologies
3) By Application: Automotive And Transportation, Building And Construction, Marine, Other Applications
Major Driver - Construction Sector Expansion Fuels Welding Products Market Growth
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. For instance, according to the Intercontinental Exchange (ICE), a US-based technology company the global construction sector is expected to grow to $8 trillion by 2030. Therefore, the rapid expansion in the construction sector drives the growth of the welding products market.
Competitive Landscape:
Major companies operating in the welding products market report are The Lincoln Electric Company, Colfax Corporation, Illinois Tool Works Inc., Kemppi Oyj, Kiswel Inc., Obara Corporation, Senor Metals Pvt. Ltd., Tianjin Bridge Welding Materials Co. Ltd., Elektriska Svetsnings-Aktiebolaget, Ador Welding Ltd., Panasonic Life Solutions India Pvt. Ltd., Rofin-Sinar Technologies Inc., Sonics & Materials Inc., Fronius International GmbH, Daihen Corporation, Voestalpine AG, Arcon Welding Products Private Limited, Air Liquide SA, Carl Cloos Schweisstechnik GmbH, OTC DAIHEN Inc., Mitco Weld Products Pvt. Ltd., voestalpine Böhler Welding Group GmbH, Miller Electric Mfg. Co., GCE Group Ltd., EWM AG, Kjellberg Finsterwalde Plasma und Maschinen GmbH, Lincoln Electric Holdings Inc., FZE Manufacturing Solutions LLC, Copelands Inc., Harvan Manufacturing Ltd., Kooima Company, PT Tech LLC, William L Bonnell Company Inc., Pexco LLC, Arcair Appliance Industrial Co. Ltd., Harris Calorific Inc.
Get Access To The Full Market Report -
https://www.thebusinessresearchcompany.com/report/welding-products-global-market-report
Top Trend - Innovative Technological Advancements Transforming The Welding Products Market
Technological advancement in welding products is a key trend gaining popularity in the welding products market. The key players in the welding products market are developing technologically advanced products with improved impact wear resistance and combined abrasion to meet industrial requirements. For instance, in July 2022, Vitesco Technologies, a Germany-based automotive supplier for drivetrain and powertrain technologies, launched new green laser equipment, a new laser welding technology for sustainable manufacturing. Depending on the application, the use of green lasers can cut energy consumption by up to 20% and the CO2 footprint per laser-welded joint when compared to infrared laser systems, which have been the industry standard in copper welding up until now.
The Table Of Content For The Market Report 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
…..
27. Welding Products Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Welding Products Market Overview 2024: Assessing Growth Opportunities and Forecast here
News-ID: 3416255 • Views: …
More Releases from The Business research company
Evolving Market Trends In The Integrated Geophysical Services Industry: Enhancin …
The Integrated Geophysical Services Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Integrated Geophysical Services Market Size During the Forecast Period?
The integrated geophysical services market has experienced consistent growth in recent years, expected to rise from $2.35 billion in 2024 to…
Global HR Advisory Services Market: Key Trends, Market Share, Growth Drivers, An …
The HR advisory services market report describes and explains the HR advisory services market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global HR advisory services market reached a value of nearly $155.74 billion in 2024, having grown at a compound annual growth rate (CAGR) of 4.22% since…
High Voltage Aluminium Electrolytic Capacitors Global Market Report 2025: Size, …
The high voltage aluminum electrolytic capacitors report describes and explains the high voltage aluminum electrolytic capacitors market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global high voltage aluminum electrolytic capacitors market reached a value of nearly $4.10301 billion in 2024, having grown at a compound annual growth…
Global Vertical Market Software Market: Key Trends, Market Share, Growth Drivers …
The vertical market software report describes and explains the vertical market software market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global vertical market software market reached a value of nearly $152.61027 billion in 2024, having grown at a compound annual growth rate (CAGR) of 12.11% since 2019.…
More Releases for Weld
Weld Inspection Tool Market
The "Weld Inspection Tool Market" is expected to reach USD xx.x billion by 2031, indicating a compound annual growth rate (CAGR) of xx.x percent from 2024 to 2031. The market was valued at USD xx.x billion In 2023.
Growing Demand and Growth Potential in the Global Weld Inspection Tool Market, 2024-2031
Verified Market Research's most recent report, "Weld Inspection Tool Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030," provides…
Auto Weld Adhesives Market: Resilience Strategies: Overcoming Market Restraints …
"This research study presents a comprehensive compilation of insightful findings concerning key aspects of the global Auto Weld Adhesives industry, impacting its growth trajectory over the forecast period from 2023 to 2029. The report sheds light on the evolving sales trends of various tech products across different regions and countries, highlighting both growth and decline. A detailed regional analysis is a crucial part of this Auto Weld Adhesives report, offering…
Global Weld Nuts Market Research Report 2023
The global Weld Nuts market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
North American market for Weld Nuts is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of %…
Steel Pipe Piles Market 2023 - New Technology, Industry Growth, Size, Share, Tre …
The Steel Pipe Piles Market research report presents new recent developments, import-export analysis, trade regulations, value chain optimization, the impact of domestic and market players, analyses opportunities in terms of emerging revenue pockets, and changes in market regulations. It also highlights strategic market growth analysis, market size, category market growths, product approvals, product launches, and geographic expansion in the Steel Pipe Piles Market.
Request Free Sample Report or PDF Copy @…
Weld Cleaning System Market Bolstered by Emerging New Advancements, Says QYR | C …
"LOS ANGELES, United States: QY Research offers an encyclopedic study of the global Weld Cleaning System market with holistic insights into vital factors and aspects that impact future market growth. The global Weld Cleaning System market has been analyzed for the forecast period 2022-2028 and historical period 2017-2021. In order to help players to gain comprehensive understanding of the global Weld Cleaning System market and its critical dynamics, the research…
Global Weld Studs Market 2017 : YONGLONG, Nelson, Tru-Weld, Heinz Soyer GmbH, Co …
Top Manufacture Analysis Of Weld Studs Market 2017 Includes Market outline, section by Application, Market by Region and Production, Revenue (Value), worth Trend by kind. The Markets And analysis study delivers necessary information and realistic data of the globe Weld Studs market. The report presents a deep study of the market growth factors and drivers. In-depth analysis of the Weld Studs Market limitations and thus the opportunities modify the user…
