Welding Equipment & Consumables Market Analysis by Regional Outlook and Segments till 2025

A detailed analysis of the Welding Equipment & Consumables is entailed in this research report. The driving forces responsible for propelling the growth graph of this vertical in addition to the regional and competitive trends are mentioned in the study. A comprehensive document comprising details about vital parameters such as the industry ecosystem analysis, market segmentation, and the vendor matrix, the Welding Equipment & Consumables report also contains information on the pivotal industry insights for core players to look out for.

The extensive proliferation in the application spectrum of welding equipment & consumables market has locked exceptional gains for the industry in the coming years. The massive application gamut that spans the automobiles, aerospace, buildings & construction, oil & gas industries are certain to garner huge demand for welding equipment and uplift the market trends in the ensuing years. 

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The fact that aforementioned end-use sectors find extensive usage of several welding equipment in industrial & fabrication processes, turns out to be a fundamental factor fueling welding equipment & consumables industry expansion. The global welding equipment & consumables market is anticipated to expand at a CAGR of more than 4% over the period of 2017- 2024. For the record, in 2016 the worldwide welding equipment & consumables market was worth USD 19 billion and is further expected to attain a valuation of USD 25 billion by 2024, according to Global Market Insights, Inc.

The welding electrodes and flux cored wires are poised to remain the major consumables, while other products such as solid wires, SAW & Fluxes are likely to exhibit significant growth trends. In 2016, the flux cored wires segment within the welding equipment & consumables market generated revenue worth USD 900 million, acquiring a subsequent chunk of the industry share.

Product analysis: 

Product segmentation: The report claims that the Product landscape of the Welding Equipment & Consumables is subdivided into – 

•Welding Equipment

•Welding Consumables

Important pointers encompassed pertaining to the Product spectrum:

•Major details about the Product spectrum are provided in the report.

•The study elaborates on the remuneration forecast of each of the Product categories by the end of the anticipated duration.

•The market share which each of the Product segments account are mentioned in the study.

•Also, the most proliferating trends that the Product spectrum is characterized by are also entailed.

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Application analysis:

Application segmentation: The report states the Application landscape of the Welding Equipment & Consumables to be split into – 

•Automobile & Transportation

•Building & Construction

•Marine

•Aerospace & Defense

Important pointers encompassed pertaining to the Application spectrum:

•Substantial details about the Application spectrum are provided in the report.

•The study mentions about the valuation estimate of each of the Application categories in detail, by   the end of the forecast period.

•The market share that each of the Application segments account are mentioned in the study.

•The trends that the Application landscape is defined by are also contained in the report.

Electrical welding equipment and consumables are widely used in the construction of building and bridges for cutting and fabrication of metals – a factor propelling welding equipment & consumables demand in the construction sector. In 2016, Asia Pacific construction spending accounted for over USD 4 trillion and contributed to more than 45% of worldwide construction expenditure. These statistics depicts the robust pipeline of construction and infrastructure development projects in the developing economies including India and China, which will overtly stimulate welding equipment & consumables market share.

The Welding Equipment & Consumables research report presents significant information on the methodology deployed to conceptualize the study in question, by means of various primary and secondary sources. The scope of the report and the elements contained in the same with respect to the growth spectrum of the Welding Equipment & Consumables has been discussed in the study. Also mentioned in the document are details pertaining to the financial data of the companies profiled in the report, in addition to the currently prevalent price trends of the Welding Equipment & Consumables.

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Taking into account the geographical landscape, Asia Pacific is touted to be the prime revenue pocket and is anticipated to account for more than 40% of the global welding equipment & consumables industry share by 2024. The vast application scope in the region, on account of expanding growth opportunities in automobile, construction, shipbuilding, transportation, and aerospace industries is poised to provide remarkable threshold to the regional welding equipment & consumables market in the forthcoming years. The region is home to some of the largest light-weight vehicle manufacturers in the world. China, Korea, and Japan accounts for over 42% of the global automobile production market – which comprises over 37 million units of production.

ESAB Group, Lincoln Electric Company, Miller Electric, Senor Metals Private Limited, Arcon, Panasonic Corporation, and Miyachi America Corporation are some of the prominent industry players attempting to bring technological interventions in the welding equipment & consumables market. These companies highly rely on product advancements and mergers & acquisitions to sustain in the competitive scenario. 

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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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