This report provides in-depth qualitative and quantitative analysis of the Welding Consumables Market on a global and regional level for a period of seven years from 2017 to 2024. The study also provides a comprehensive review of restraints, drivers and opportunities along with their impact on the overall market during the forecast period. The report segments the market and offers estimates and forecast of each segment of the reports. Leading manufacturers profiled in this report comprise company overview, financial overview, product overview and recent developments.
Welding consumables are optimally designed welding equipment which include welding rods, solid core electrodes, stick electrodes and essential welding components. Welding consumables are designed with high precision by its manufacturers. These consumables are standard quality equipment used in many industrial and end user applications.
Welding is a process of joining two metal or steel materials together and welding consumables are essential components and an integral part of welding. Products segment global welding consumables market into flux-cored wires, saw wires & fluxes, solid wires, stick electrodes and others (including gases etc.). Further, this report is segmented on the basis of end-use as marine, building & construction, power, automotive & transportation and oil & gas.
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Rapid industrialization and growing infrastructural development in the developing economies is a major factor which significantly empowers growth of this market. Technological developments in the automotive industry is a prominent factor to further boost the growth of this market. Research and development by vendors of this market to produce modern welding components is expected to open new opportunities for the global welding consumables market for the forecast. High demand for welding consumables from several end user industries such as power and oil and gas industry will provide potential market growth for this segment over the forecast.
This report is segmented by geography as North America, Europe, Asia Pacific, Latin America and Middle East and Africa. Asia pacific is the leading region for this market. Ever increasing population, increase in transportation activities and increased infrastructural development in India and China support and in turn fuel market growth of Asia pacific region. Europe and North America are mature regions for this market and are expected to show consistent market growth over the forecast. MEA and Latin America are emerging markets for this region and are expected to show slow market growth for the forecast. Key players in the global welding consumables market include Daihen Corporation, Kiswel Inc., Royal Arc Electrodes Limited, Kobe Steel Limited, Arcsel LLC, Corodur Fulldraht GmbH, ESAB, Lincoln Electric, Illinois Tool Work, Vorarc Welding CC, Promax Welding and Obara Corporation.
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