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 and Industry Analysis, By Type (Stick Electrodes, Solid Wires, Flux-cored Wires and SAW Wires and 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%.
Browse Report Summary – https://www.fortunebusinessinsights.com/industry-reports/welding-consumables-market-101598
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 and 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.
The Prominent Players Operation In The Global Welding Consumables Market Are:
- Colfax Corporation
- The Lincoln Electric Company
- Hyundai Welding Co. Ltd.
- Obara Corporation
- Panasonic Corporation
- Fronius International GmbH
- Arcon Welding Equipment
- Ador Welding Ltd.
- Denyo Co., Ltd.
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 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 process.Moreover, the rising import and export is another factor expected to have a positive impact on the global welding consumables market.
To Request, a Sample Copy of the Global Welding Consumables Market Research Report – Click Here
Scope of the Welding Consumables Market Research Report –
- Stick Electrodes
- Solid Wires
- Flux-cored Wires
- SAW Wires and Fluxes
- Heavy Engineering
- Automotive and Transportation
- Others (Oil and Energy, Aerospace and Defense
- North America (U.S. and Canada)
- Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
- Middle East and Africa (South Africa, GCC and Rest of the Middle East and Africa)
- Latin America (Brazil, Mexico, and Rest of Latin America)
Order Full Report –https://www.fortunebusinessinsights.com/checkout-page/101598
Have Any Query? Ask Our Experts
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
US :+1 424 253 0390
UK : +44 2071 93912
APAC : +91 744 740 1245
Email: [email protected]
Fortune Business Insights™
LinkedIn | Twitter | Blogs
Related Reports –
Hot Runners Market: 2019-2026 | Revenue & Growth Forecast by Product, Material & Industry Players
Context Aware Computing Market 2019 Worth at a CAGR 21.8% | USD 27.46 Billion by 2026