Welding Consumables Market Size, Share & Industry Analysis, By Type , By Application (Heavy Engineering, Automotive,Others) and Regional Forecast, 2019-2026
As Per the report, 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%, says Fortune Business Insights in a report, titled “Welding Consumables MarketSize, Share and Industry Analysis, By Type, By Application and Regional Forecast, 2019-2026.”
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.
List of Key Players Operation In The Global Welding Consumables Market Are:
Request A Sample Copy of Welding Consumables Market Research Report –
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/welding-consumables-market-101598
The Report Covers the Following, Major Points Precisely:
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.
Reasons to Purchase This Report:
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.
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.
Have Any Query?Ask Our Experts
Market Segmentation –
1. By Type
2. By Application
3. By Geography
Table of Content –
5.Global Welding Consumables Market Analysis, Insights and Forecast, 2015-20265.1.Key Findings / Summary5.2.Market Sizing Estimations and Forecasts By Type (Value)5.2.1.Stick Electrodes5.2.2. Solid Wires5.2.3. Flux-cored Wires5.2.4. SAW Wires and Fluxes5.3.Market Sizing Estimations and Forecasts By Application (Value)5.3.1.Heavy Engineering5.3.2. Automotive and Transportation5.3.3. Railways5.3.4. Construction5.3.5. Shipbuilding5.3.6. Others (Oil and Energy, Aerospace and Defense, etc.)5.4.Market Analysis, Insights and Forecast By Geography (Value)5.4.1.North America5.4.2.Europe5.4.3.Asia Pacific5.4.4.Middle East and Africa5.4.5.Latin America6.North America Welding Consumables Market Analysis, Insights and Forecast, 2015-20266.1.Key Findings / Summary6.2.Market Sizing Estimations and Forecasts By Type (Value)6.2.1.Stick Electrodes6.2.2. Solid Wires6.2.3. Flux-cored Wires6.2.4. SAW Wires and Fluxes6.3.Market Sizing Estimations and Forecasts By Application (Value)6.3.1.Heavy Engineering6.3.2. Automotive and Transportation6.3.3. Railways6.3.4. Construction6.3.5. Shipbuilding6.3.6. Others (Oil and Energy, Aerospace and Defense, etc.)6.4.Market Analysis, Insights and Forecast By Country (Value)6.4.1.U.S.6.4.2.Canada7.Europe Welding Consumables Market Analysis, Insights and Forecast, 2015-20267.1.Key Findings / Summary7.2.Market Sizing Estimations and Forecasts By Type (Value)7.2.1.Stick Electrodes7.2.2. Solid Wires7.2.3. Flux-cored Wires7.2.4. SAW Wires and Fluxes7.3.Market Sizing Estimations and Forecasts By Application (Value)7.3.1.Heavy Engineering7.3.2. Automotive and Transportation7.3.3. Railways7.3.4. Construction7.3.5. Shipbuilding7.3.6. Others (Oil and Energy, Aerospace and Defense, etc.)7.4.Market Analysis, Insights and Forecast By Country (Value)7.4.1.U.K.7.4.2.Germany7.4.3.France7.4.4.Italy7.4.5.Spain7.4.6.Rest of Europe8.Asia Pacific Welding Consumables Market Analysis, Insights and Forecast, 2015-20268.1.Key Findings / Summary8.2.Market Sizing Estimations and Forecasts By Type (Value)8.2.1.Stick Electrodes8.2.2. Solid Wires8.2.3. Flux-cored Wires8.2.4. SAW Wires and Fluxes8.3.Market Sizing Estimations and Forecasts By Application (Value)8.3.1.Heavy Engineering8.3.2. Automotive and Transportation8.3.3. Railways8.3.4. Construction8.3.5. Shipbuilding8.3.6. Others (Oil and Energy, Aerospace and Defense, etc.)8.4.Market Analysis, Insights and Forecast By Country (Value)8.4.1.Japan8.4.2.China8.4.3.India8.4.4.South Korea8.4.5.Rest of Asia Pacific
TOC Continued…!!
More Trending Topics From Fortune BusinessInsights –
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/industry-reports/welding-consumables-market-101598
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 Consumables Market: What will be the Short-term Impact of Coronavirus?