07-May-2021 | Zion Market Research
Major companies in Welding Products Market are Voestalpine AG, Colfax Corporation, Air Liquide, Illinois Tool Works Inc., The Lincoln Electric Company, HYUNDAI WELDING CO., LTD., Sandvik, OBARA CORP, Kiswel Incorporated, Mitco Weld Products Pvt. Ltd., Kemppi Oy., Senor Metals Pvt. Ltd., Rofin-Sinar, Arcon Welding Equipment, DAIHEN Corporation., Amada Miyachi, Inc., Basiloid Products Corporation, among others. These players are set to bolster the development of global Welding Products Market.
According to analysts at Zion Market Research, the global Welding Products Market accounted for USD 12.18 Billion in 2020 and is expected to reach USD 19.21 Billion by 2028, growing at a CAGR of more than 5.9% from 2021 to 2028.
This review is based on a report by Zion Market Research, titled “Welding Products Market by Technology (Arc Welding, Resistance Welding, Oxy-Fuel Welding, Laser Beam Welding, and Others), Product (Stick Electrodes, Solid Wires, Flux-Cored Wires, Saw Wires and Fluxes, and Others), Application (Transportation & Automobiles, Building & Construction, Marine, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.”
Massive Product Application In Automotive & Construction To Impel Growth
“Burgeoning product demand in automotive, transport, infrastructure, and construction sectors is anticipated to boost the growth of welding products industry in the years ahead,” says the author of this study. Apart from this, the launching of new transportation projects in Asia Pacific region will further accelerate the welding products market revenue within the next few years.
Lack of availability of skilled workforce in manufacturing sector along with rising labor costs, however, is predicted to inhibit the welding products market growth over the forthcoming years. Nevertheless, technological innovations in welding technology along with growing demand for welding equipment is predicted enlarge the scope of the business in the ensuing years, thereby normalizing the impact of hindrances on the welding products market, reports the study.
Swift Infrastructural Development to Assist Europe Maintain Dominance
Regionally, Europe has been leading the worldwide welding products market and is anticipated to continue on the dominant position in the years to come, states the welding products market study. Rapid infrastructural growth and favourable government legislations is the main factor behind the dominance of the Europe welding products market. Asia Pacific is expected to grow over the forecast period, owing to the rapid expansion of automotive industry on account of the highest automobile production in growing economies such as China, India, and Indonesia.
Browse the full “Welding Products Market by Technology (Arc Welding, Resistance Welding, Oxy-Fuel Welding, Laser Beam Welding, and Others), Product (Stick Electrodes, Solid Wires, Flux-Cored Wires, Saw Wires and Fluxes, and Others), Application (Transportation & Automobiles, Building & Construction, Marine, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/welding-products-market
The global Welding Products Market is segmented as follows:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651