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Aluminum Welding Market Research Report, 2017 - 2024: Global Market Insights Inc.
Increase in demand of automobiles, aluminum welding market will even witness hike in the forecast period. The process is widely used in automotive manufacturing to provide strong base and durability in the good. Friendly taxation policies including GST in India will further boost industry growth.
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Rise in trucks demand is anticipated to witness a grow of 50% by 2024 due to its high usage in carrying goods and providing effective door to door supply services. Trucks can carry huge amount of cargo in any form as numerous sizes and shapes give them ease of mobility. These noteworthy features of trucks will in turn propel the aluminum welding market share.
Rising demand for repair and maintenance drives aluminum welding market. Infrastructure industry require repair and maintenance on a regular basis to provide durability and sustainability to the structure. Growing demand for infrastructural development in Asia Pacific will significantly stimulate the aluminum welding market size.
Aluminum welding market is segmented on the basis of method into GMAW, GTAW and TIG. Ender user bifurcation includes automotive, construction and transportation industries. Its areas of application include aircrafts, automobiles, buildings, trucks and lightweight vehicle.
Japan has most efficient road transport infrastructure due to its world-class technology and advance road connectivity system. Connectivity between countries through road transportation is significant to provide better good transposition mechanism. Growth in the commercial vehicle requirement along with rising population will boost aluminum welding market share in the country.
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Prominent players in aluminum welding market are ESAB, Voestalpine Bohler, Navametal, Air Liquide, Lincoln Electric Company, Gedik, Safra, Sural, Hilarius Haarlem Holland and EWM Hightec.
ESAB expanded in Indian market with the purchase of Indian Oxygen Ltd. business in 1991 and Flotech Cutting System Ltd. in 1992, followed by its merger with Maharashtra Weldaids Ltd. in 1994. Its aim of expansion and merger was to strength its presence in India and broaden its product offerings to satisfy growing customer demand.
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https://www.gminsights.com/industry-analysis/aerial-work-platform-awp-truck-market-report
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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