Chemicals and Materials Welding Equipment, Accessories And Consumables Mar

Welding Equipment, Accessories And Consumables Market to
exceed USD 24.0 Billion by 2021
The Global Welding Equipment, Accessories And Consumables Market was valued at
19.57 USD Billion in 2016. It is projected to grow at a CAGR of 4.23% between 2016 and
2021. The base year considered for the study is 2015, and the forecast period is from 2016
to 2021.
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The market has been segmented on the basis of technology, equipment type, accessory,
consumable, end-use industry, and region. On the basis of technology, arc welding was the
most widely used technology because it was low-cost and easily available; it accounted for
the largest market share in 2015.
Factors such as increase in demand for the welding equipment, accessories and
consumables market in Asia-Pacific, increase in demand from the end-use industries such
as structural (construction), automobiles, steel, and marine (oil and gas) industry are some
of the drivers for the growth of welding equipment, accessories, and consumables market.
The ecosystem of global welding equipment accessories and consumables comprises
distributors/suppliers such as Colfax corporations. (U.S.), Lincoln Electric Inc. (U.S.), Illinois
Tool Works Inc. (U.S.), Air Liquide (France), and the Linde group (Germany). Other players
in this market include GCE holding AB (Sweden), Fronius international GMBH (Austria),
CSR Limited (Australia), Messer group (Germany), Matheson tri-gas Inc. (U.S.), Bug-O (U.S.),
Gentec (China), and Muller (Germany), which help the manufacturers in the development
and growth of welding equipment accessories, and consumables markets.
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