The global welding market size is slated to reach USD 48.16 billion by 2026, exhibiting a CAGR of 5.7% during the forecast period.
The global welding market size is slated to reach USD 48.16 billion by 2026, exhibiting a CAGR of 5.7% during the forecast period. One of the primary growth drivers of this market is the increasing manufacturing activities worldwide. The International Yearbook of Industrial Statistics 2019 released by the United Nations Industrial Development Organization (UNIDO) reports that in 2018, global manufacturing went up by 3.6% in terms of value. Growth rate from the viewpoint of manufacturing value addition in developed nations was at 2.3% in 2018 and 3.8% for developing economies. This expansion of manufacturing sector across the globe has substantively raised the demand for welding equipment and is now leading the welding market trends.
As per the Fortune Business Insights report, titled “Welding MarketSize, Share and Industry Analysis, By Product Type (Welding Equipment, Welding Consumables), By Welding Type (Arc Welding, Spot Welding, MIG/TIG Welding, Laser Welding, Others), By Application (Automotive, Building and Construction, Heavy Engineering, Railway and Shipbuilding, Oil and Gas, Others) and Regional Forecast, 2019-2026”, the value of the market stood at USD 31.18 Billion in 2018. The report also shares a detailed analysis and a comprehensive assessment of the all the possible factors, trends, and other dynamics that will shape the future of this market, along with a broad overview of the general industry outlook.
Get PDF Brochure –https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/welding-market-101657
Report Overview –
The objective of the study is to define market sizes of different segments and countries in previous years and to forecast the values to the next Five years. The report is designed to incorporate both qualify qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as drivers and restraining factors which will define the future growth of the market.
In addition, this report also contains a price, revenue, market share, and production of the service providers is also mentioned with accurate data. Moreover, the global Robotic Process Automation report majorly focuses on the current developments, new possibilities, advancements, as well as dormant traps. Furthermore, the Robotic Process Automation market report offers a complete analysis of the current situation and the advancement possibilities of the Robotic Process Automation market across the globe. This report analyses substantial key components such as production, capacity, revenue, price, gross margin, sales revenue, sales volume, growth rate, consumption, import, export, technological developments, supply, and future growth strategies.
Wide-Ranging Benefits of Arc Welding to Enhance Market Potential
Arc welding is a specialized type of welding that uses electricity to join two metal components and includes sub-types such as gas metal arc welding and plasma arc welding. The reason for its growing popularity is the rising awareness regarding its inherent advantages. For example, due to high heat concentration, arc welding speeds up the welding process, saving both time and energy. This also leads to fewer distortions in the finished product. Furthermore, this type of welding does not entail any extra costs and does not swell the cost of production. Lastly, arc welding has a higher safety quotient as it produces less smoke, which is usually hazardous to human health. Thus, these advantages of this welding process will augur well for the market and its development during the forecast period.
Some of the prominent competitors in this market include:
Market Segmentation of Welding Market –
By Product Type
By Welding Type
By Application
By Region
Key Questions Answered:
• What are the key technological and trends shaping the Welding Market?• What are the key opportunities in the Welding Market?• What are the key companies operating in the Welding Market?• Which company accounted for the highest Welding Market share?• Why Choose Fortune Business Insights?• What is the market size and growth rate of the global and regional market by various segments?• What is the market size and growth rate of the market for selective countries?• Which region or sub-segment is expected to drive the Welding Market in the forecast period?• What Factors are estimated to drive and restrain the Welding Market growth?
View Related Reports –
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Click here to get the short-term and long-term impact of COVID-19 on this Market.
Please visit:https://www.fortunebusinessinsights.com/enquiry/covid19-impact/welding-market-101657
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.Phone:US :+1 424 253 0390UK : +44 2071 939123APAC : +91 744 740 1245Email:sales@fortunebusinessinsights.com
Website:Fortune Business Insights™
Press Release Distributed by The Express Wire
To view the original version on The Express Wire visit Welding Market: What are the Short and long-term actions taken by Key Players During Coronavirus Pandemic?