San Francisco, Oct 03 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:
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: 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
Browse press release of this report
by Grand View Research: www.grandviewresearch.com/press-release/welding-products-market
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.
For more information:
www.grandviewresearch.com
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