Welding Consumables Market to Soar at 5.5% CAGR Through 2026
The lack of skilled labour for fabrication welding processes is expected to trigger the need for welding automation technology and generate mounting demand for welding consumables. The growth of the global welding consumables market is also expected to be driven by the rapid industrialisation, the surging real estate sector and the rising number of end-use welding applications. On the contrary, the stagnant adoption levels of advanced welding technologies in developing countries is anticipated to curb the overall growth of the global welding consumable market.
Based on the type of welding consumables, the global market is anticipating a stellar growth by the stick electrodes consumables. The stick electrode segment will continue the dominance in terms of the global market share and account for over 40% by the end of 2016. However, the segment is expect to contend with stiff competition from flux-cored wires and solid wires due to their cost-effectiveness.
View and Download TOC of Welding Consumables Market Research Report@ https://www.futuremarketinsights.com/reports/welding-consumables-market/toc
Based on the welding techniques, the arc welding segment will continue to dominate the global market and account for US$ 8,256.4 Mn revenues by 2016-end. On the other hand, the booming automotive industry and the growing production of multipart machineries will incite the use of resistance welding and oxy-fuel welding in 2016 and beyond.
By applications, the use of welding consumables will be elevated in the building & construction industries and the automotive& transportation sector. Also, the soaring consumption of welding consumables in marine applications is anticipated to develop additional growth opportunities for the global welding consumables market.
In 2016, Asia Pacific excluding Japan (APEJ) is projected to be the most lucrative region for the growth of the global welding consumables market and will exhibit more than 30% of the global market share. The booming real estate sector in APEJ countries such as China and India will drive the demand for welding consumables in the construction industries. North America and Latin America are also expected to favour the growth of the welding consumables market, owing to the rising adoption of advanced welding technologies in manufacturing industries.
Request and Download Sample Report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-940
The increasing need for automating the welding processes has influenced the business expansion of major welding consumable manufacturers. Hyundai Welding Co., Panasonic Corporation, Fronius International GmbH, The Lincoln Electric Company, Denyo Co. Ltd., Kemppi Oy, Tianjin Bridge Welding Materials Co. Ltd., Colfax Corporation, Air Liquide, voestalpine AG, Arcon Welding Equipment, and Illinois Tool Works Inc., among others, represent the key players of the global market for welding consumables.
Long-term Outlook: In terms of market value, the global welding consumables market is forecasted to register a 5.5% CAGR and generate absolute $ opportunity of US$ 8,295.4 Mn during the forecast period 2016-2026. APEJ region will continue to be the most lucrative region, expanding at a CAGR of 6.7% over the forecast period.
Buy Full Welding Consumables Market Report@ https://www.futuremarketinsights.com/checkout/940
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
This release was published on openPR.
Permanent link to this press release:
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 Consumables Market to Soar at 5.5% CAGR Through 2026 here
News-ID: 719139 • Views: 155
More Releases from Future Market Insights
How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring
More Releases for Welding
Welding Equipment Market 2024
Flourishing automobiles and construction industries are cropping up owing to rapid industrialization worldwide. With rapid development in various companies, various countries have increasingly adopted welding technology such as resistance welding, oxy-fuel welding, and laser welding. For various industries such as transport industry, fabric industry and automotive segment, welding is an imperative procedure. With the ever changing technology breaking traditional barriers, welding equipment Market market has further witnessed development for application in
Classification of Welding Methods
Spiral welded steel pipe according to the welding method can be divided into different arc welding pipe, high frequency or low frequency resistance welded pipe, gas pipe, furnace pipe, Bundy tube. Welded steel pipe: for oil drilling and machinery manufacturing industry. Welded pipe: can be used as water and gas pipes, large diameter straight seam welded pipe for high pressure oil and gas transportation; spiral welded pipe for oil and gas transportation,
Global Welding Equipment Market: Arc welding, Resistant welding, Oxy fuel weldin …
MarketResearchReports.Biz adds “Global Welding Equipment Market 2016 Share, Size, Trends and Forecast to 2021 Market Research Report” reports to its database. This report provides a strategic analysis of the Welding Equipment market and the growth estimates for the forecasted period. A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of global welding equipment market on
Global Welding Robotics Market
Welding robotics is a technology which provides automated welding robots to serve during designing and manufacturing processes. Welding robots have offered a viable solution to achieve mass production by decreasing the manufacturing cycle time. Moreover, benefits such as repeatability and accuracy have led to the increasing applications of welding robots in several end-use industries. On account of its precision and repetitiveness, welding robots are widely used in automotive sector where
Resistance Welding Machine Market By Welding Technology, Arc Welding Segment
bigmarketresearch.com announces addition of new report “Resistance Welding Machine Market 2016-2021” to its database. Download Sample Copy: http://bit.ly/2fD9PjM This report focuses on the Resistance Welding Machine in Global market, especially in North America, Europe and Asia-Pacific, Latin America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. Resistance welding is a welding technology widely used in manufacturing industry for joining metal sheets and components.
Welding Consumables Market:
Welding is typically a sculptural process of joining various metals and thermoplastics together by means of coalescence. It is an economical and effective process for creating strong joints between two or more parts. Filler metals melt during the course of welding and give a strong joint. Flux is commonly used to produce a shield of gas around the weld pool for preventing the oxidation of hot metals. Flux typically acts