The global welding products market is projected to reach a
market size of USD 19.7 billion by 2025, according to a new report by Grand
View Research, Inc. The market is projected to experience significant growth
over the forecast period owing to rising demand from the Asia Pacific region.
Welding products are consumed in
various applications such as construction and building, transportation and
automotive, marine, oil and gas, and others. Increasing investments in
infrastructure development, especially in emerging economies, such as China and
India, are fueling the demand for advanced technology, which in turn is leading
to the growth of the market. Asia Pacific is expected to witness higher growth
rates owing to rising demand from the automotive sector in these countries
coupled with increased awareness pertaining to high- quality automotive
components.
Building & construction
industry dominated the market globally. The other key applications include
transportation & automotive, marine, and others.
Browse full research report on Welding Products Market: http://www.grandviewresearch.com/industry-analysis/global-welding-products-market
Further key findings from
the report suggest:
- Globally, automotive application segment is projected
to experience significant revenue growth between 2016 and 2025, growing at
a CAGR of over 4% from 2016-2025. The demand can be attributed to rapid
growth from end-use industries such as building & construction,
marine, and others.
- Asia Pacific dominated the global market in 2015 with
an estimated revenue of USD 3.88 billion and is expected to grow
significantly in the upcoming years owing to large investments from
end-use industries. China is projected to experience rise in demand and
projected to continue market domination on account of rapid urbanization
and industrialization coupled with favorable government policies for
infrastructure development. Key industry players like ABB Corporation and
Fronius International GmbH have collaborated to develop advanced welding
technology and products.
- Key participants in the market include Colfax
Corporation, The Lincoln Electric Company, Illinois Tool Works Inc.,
Hyundai Welding Co., Ltd., Denyo Co., Ltd., Panasonic Welding Systems Co.,
Ltd., Sandvik AB, Obara Corporation, and Air Liquide among others. In the
recent years, new product developments and product advancements have been
the major growth strategy acquired by key industry players for enhancing
their market positions.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
Grand View Research has segmented the global welding
products market on the basis of technology, product, application and region:
Technology Outlook (Revenue, USD Million; 2013 - 2025)
- Arc
Welding
- Resistance
Welding
- Oxy-fuel
Welding
- Laser
Beam Welding
- Others
Product Outlook (Revenue, USD Million;2013 - 2025)
- Stick
Electrodes
- Solid
Wires
- Flux-cored
Wires
- Saw
Wires and Fluxes
- Others
Application Outlook (Revenue, USD Million; 2013 - 2025)
- Transportation
& Automobiles
- Building
& Construction
- Marine
- Others
Regional Outlook (Revenue, USD Million; 2013 - 2025)
- North
America
- U.S.
- Europe
- Germany
- France
- UK
- Asia
Pacific
- China
- India
- Japan
- Central
& South America
- Brazil
- Middle
East & Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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