Welding-Products-Market
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<strong>Welding</strong> <strong>Products</strong> <strong>Market</strong> Driven By Demand to Increase from<br />
Automotive and Construction Industries<br />
Date: 03-23-2017 04:46 PM CET<br />
Category: Business, Economy, Finances, Banking & Insurance<br />
Press release from: Transparency <strong>Market</strong> Research-Energy & Mining<br />
The global welding products market is moderately consolidated with the top three players accounting for 30% of the market in<br />
2013. These three companies are Lincoln Electric, ESAB, and ITW. Small players are competing in the market by introducing<br />
low priced products, says Transparency <strong>Market</strong> Research in its new study. Some of the players in the market are Fronius<br />
International GmbH, Bohler, Sonics & Materials Inc., Panasonic, Daihen Corp, Rofin-Sinar Technologies Inc., Voestalpine<br />
AG, Arcon <strong>Welding</strong>, and OBARA Co. Companies are focusing on strategic acquisitions, increasing their production capacity,<br />
and innovations. Operational improvements are another area on which companies are concentrating. Companies such as<br />
Bohler are investing in research and development to present new products as per customer specifications.<br />
Browse <strong>Market</strong> Research Report @<br />
www.transparencymarketresearch.com/welding-products.html<br />
According to the report, the global welding products market is expected to rise from US$19,080.3 mn in 2015 to US$23,777.5<br />
mn by 2020. By technology, the resistant welding segment will continue to lead through 2020, accounting for 26.8% of the<br />
market. On the basis of product, the stick electrodes segment led in the past and will continue to do so, accounting for 40.9%<br />
of the market by 2020. By application. The automobile and transportation segment, closely followed by the building and<br />
construction segment will lead in the global welding products market by 2020. The automobile and transportation segment is<br />
estimated to account for 17.8% of the market by 2020. On the basis of geography, Asia Pacific will lead and is projected to<br />
account for 43.8% of the market by 2020.<br />
Revamping of Oil and Gas Infrastructure and Pipelines to Drive <strong>Market</strong><br />
The growth of the automotive industry is one of the key factors driving the global welding products market, as metals used in<br />
automobiles are joined using welding. The repair and maintenance of automobiles are also creating a need for welding<br />
products, thus driving the market worldwide. Another factor driving the global welding products market is the growth of the<br />
building and construction sector. <strong>Welding</strong> comprises an important process used in building and construction activities. The<br />
growth of the construction and infrastructural activities in Asia Pacific is driving the demand for welding products.<br />
Furthermore, the oil and gas industry is also a key consumer of welding products. <strong>Welding</strong> products are extensively used for<br />
revamping of oil infrastructure and also for the construction of new pipelines and manufacturing facilities. A rise in safety<br />
concerns in the oil and gas industry is fueling the need for replacing older pipelines and installing new ones in future. In<br />
addition to this, the growth of the oil and gas drilling activities has given rise to an increase in offshore rigs. This in turn is<br />
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creating a need for welding processes, driving the demand for welding equipment and consumables<br />
Lack of Trained and Skilled Labor to Pose a Problem<br />
Trained and skilled labor is one of the crucial factors for the success of the welding industry. Developed countries are faced<br />
with high labor cost, leading to high production prices and this is subsequently impacting the profit margins of manufacturers.<br />
Moreover, the shortage of skilled labor is hampering the welding process. A lack of skilled labor to handle new technologies<br />
being developed by key players in the welding industry will also restrain the market. “Manufacturers are unable to provide<br />
quality services to customers owing to a lack of skilled labor,” says a TMR analyst. However, the growth of the wind power<br />
industry will act as an opportunity for growth in the coming years. As the need for efficiency arises in wind tower fabrication,<br />
there will an increase in the construction of wind turbines, driving the demand for welding products.<br />
This information is based on the findings of a report published by Transparency <strong>Market</strong> Research, titled “<strong>Welding</strong> <strong>Products</strong><br />
<strong>Market</strong> - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020.”<br />
The global welding products market is segmented as follows:<br />
-<strong>Welding</strong> <strong>Products</strong> <strong>Market</strong> - Technology Analysis<br />
-Arc welding<br />
-Resistance welding<br />
-Oxy-fuel welding<br />
-Laser beam welding<br />
-Others (ultrasound welding, etc.)<br />
<strong>Welding</strong> Consumables <strong>Market</strong> - Product Segment Analysis<br />
-Stick electrodes<br />
-Solid wires<br />
-Flux-cored wires<br />
-SAW wires and fluxes<br />
-Others (gases, etc.)<br />
<strong>Welding</strong> <strong>Products</strong> <strong>Market</strong> - Application Analysis<br />
-Automobile and transportation<br />
-Building & construction<br />
-Marine<br />
-Others (repair and maintenance, etc.)<br />
Fill the form to gain deeper insights on this market @<br />
www.transparencymarketresearch.com/sample/sample.php?flag...<br />
About Us<br />
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Transparency <strong>Market</strong> Research (TMR) is a global market intelligence company providing business information reports and<br />
services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for<br />
thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources<br />
and various tools and techniques to gather and analyze information.<br />
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest<br />
trends and information. With extensive research and analysis capabilities, Transparency <strong>Market</strong> Research employs rigorous<br />
primary and secondary research techniques to develop distinctive data sets and research material for business reports.<br />
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You can find this press release here<br />
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