Pune, Nov. 07, 2019 (GLOBE NEWSWIRE) -- The rising construction activities around the world is a key factor driving the global Welding Consumables Market, says Fortune Business Insights in a report, titled “Welding Consumables Market Size, Share & Industry Analysis, By Type (Stick Electrodes, Solid Wires, Flux-cored Wires and SAW Wires & Fluxes), By Application (Heavy Engineering, Automotive, Railways, Construction, Shipbuilding and Others) and Regional Forecast, 2019-2026.” The global welding consumables market was valued at USD 13.79 Billion in 2018 and is expected to reach USD 23.28 Billion by 2026, exhibiting a CAGR of 6.8%.
As per the report, the global welding consumables market on the basis of type is segmented into stick electrodes, solid wires, flux-cored wires and saw wires & fluxes. The solid wires segment will account for maximum shares in the global welding consumables market during the forecast period owing to the increasing urbanization around the world. In addition, the rapid growth in the construction industry is expected to further contribute to the solid wires segment, which, will, in, turn boost the global welding consumables market revenue.
Browse Complete Report Details with Table of Content and Figures:
https://www.fortunebusinessinsights.com/industry-reports/welding-consumables-market-101598
The report offers innovative solutions to assist companies operating in the global welding consumables market. It provides comprehensive data which involves, segments, market analysis, regional analysis, recent advancement and development, market drivers and growth restraints.
Robust Advancement in Infrastructure Will Aid Growth
The surge in construction activities and increasing demand for new infrastructure in developed and developing countries will create growth opportunities for the global welding consumables market. The surge in population, industrialization and urbanization will fuel demand for welding consumables and enable growth of the global welding consumables market. Furthermore, the rising investments in the construction sector by key players will accelerate the growth of the global welding consumables market. For instance, according to the India Brand Equity Foundation (IBEF), leading players in manufacturing, technology and construction sectors are investing out of India, which, will, in, turn uplift the welding consumables shares during the forecast period.
Sample PDF https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/welding-consumables-market-101598
Solid Wires Segment Will Account For Maximum Share at a Global Level
As per the report, the global welding consumables market on the basis of type is segmented into stick electrodes, solid wires, flux-core wires and SAW wires and fluxes. The solid wires will hold major shares in the global welding consumables market owing to the rapid industrialization and urbanization. The introduction of new GTAW (TIG) by Lincoln electric is predicted to boost the global welding consumables market growth. Lincoln Electric introduced new GTAW (TIG) cut lengths with high silicon formulations using stainless steel alloys for the clean and high-quality welding process. Upgraded manufacturing processes for the new products are enhancing the quality of the product by reducing complexities in the welding process. In addition, the increasing usage of welding equipment and welding consumables around the world is expected to facilitate growth of the global welding consumables market. Moreover, the rising import and export of welding consumables is another factor expected to have a positive impact on the global welding consumables market.
However, the unavailability of the skilled labor force is expected to hamper the welding consumables market growth. In addition, the lack of investments in rigorous training and development of local labors is leading towards the shortage of skilled workforce. This factor is expected to inhibit the growth of the global welding consumables market.
List of Prominent Players Operating in the Global Welding Consumables Market Are:
- Colfax Corporation
- The Lincoln Electric Company
- Hyundai Welding Co. Ltd.
- ESAB
- Obara Corporation
- Panasonic Corporation
- Fronius International GmbH
- Arcon Welding Equipment
- Ador Welding Ltd.
- Denyo Co., Ltd.
Speak to Analyst https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/welding-consumables-market-101598
Table of Content:
- Introduction
- Definition, By Segment
- Research Approach
- Sources
- Executive Summary
- Market Dynamics
- Drivers, Restraints and Opportunities
- Emerging Trends of Market
- Key Insights
- Macro and Micro Economic Factors
- Key Technological Developments
- Consolidated SWOT Analysis of Key Players
- Porter’s Five Forces Analysis
- Global Welding Consumables Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Sizing Estimations and Forecasts – By Type (Value)
- Stick Electrodes
- Solid Wires
- Flux-cored Wires
- SAW Wires & Fluxes
- Market Sizing Estimations and Forecasts – By Application (Value)
- Heavy Engineering
- Automotive and Transportation
- Railways
- Construction
- Shipbuilding
- Others (Oil & Energy, Aerospace & Defense, etc.)
- Market Analysis, Insights and Forecast – By Geography (Value and Volume)
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Request for Customization: https://www.fortunebusinessinsights.com/enquiry/customization/welding-consumables-market-101598
Browse Related Reports:
Welding Wires Market Size, Share & Industry Analysis, By Type (Metal Inert Gas (MIG) Wire, Tungsten Inert Gas (TIG) Wire and Others), By Industry (Automotive, Building & Construction, Oil & Gas and Others) and Regional Forecast, 2019-2026
Ultrafine Tungsten Wire Market for Medical Applications by Market Size, Share and Industry Analysis by Application (Medical/Surgical Robots, Stents, Guide Wire, Electro Surgery) and Regional Forecast, 2018-2025
Engine Driven Welders Market Size, Share and Industry Analysis By Welding Current (Less Than 300 Amp, 300-500 Amp, 500 Amp and above), By Engine Brand (Kubota, Kohler, Perkins, and others), By End Use Application (Mining, Pipeline, Construction, and Others), and Regional Forecast, 2019-2026
Industrial Racking Systems Market Size, Share and Industry Analysis By Type (Cantilever Racking System, Drive-in/Drive-thru Pallet Racking System, Selective Pallet Racking System, Push Back Pallet Racking System), By Industry Verticals (Retail, Manufacturing, Packaging, Food and Beverages, Pharmaceuticals) and Regional Forecast till 2026
About us:
Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact us:
Fortune Business Insights Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
US :+1-424-253-0390
UK :+44-2071-939123
APAC :+91-744-740-1245
Email: sales@fortunebusinessinsights.com
Website: https://www.fortunebusinessinsights.com