Welding Products Market
REPORT
Welding Products Market – Global Industry Analysis, Size, Share,
Growth, Trends, and Forecast 2014 – 2020
The global welding products market is moderately fragmented with the key players such as Lincoln
Electric, ESAB, and ITW leading in the market. These three players accounted for a collective share
of 30% in 2013, states a new report by Transparency Market Research (TMR). This market is capital
intensive and thus, local vendors find it difficult to compete with the larger players. Local players are
unable to compete with large players on the basis of quality, services, functionalities, and features.
Thus, these small players are entering into the market by introducing products that are low in price.
Some of the players operating in the welding products market are: Voestalpine AG, Sonics &
Materials Inc., Fronius International GmbH, Rofin-Sinar Technologies Inc., Arcon Welding, Bohler,
Panasonic, Daihen Corp, and OBARA Co. In order to increase their production capacities and focus
on innovations, companies are adopting the strategy of merging or acquiring other players.
According to the report, the global market opportunity in welding productsis expected to rise from
US$19,080.3 mn in 2015 to US$23,777.5 mn by 2020. On the basis of technology, the resistant
welding segment is expected to lead and account for 26.8% of the market by 2020. By product, the
stick electrodes segment is expected to retain its leading position in the market and account for
40.9% of the market by 2020.
Obtain Report Details @ http://www.transparencymarketresearch.com/welding-products.html
On the basis of application, the automobile and transportation segment is anticipated to lead in the
years to come and account for 17.8% of the market by 2020. The building and construction segment
will be the second most lucrative application segment by 2020. Asia Pacific is expected to hold a
dominant share in the market and is estimated to account for 43.8% of the market by 2020.
Oil and Gas Sector to Drive Growth Prospects of Welding Products Market
According to the lead author of this report, the demand from the automotive sector will boost the
global welding products market. In addition to this, the repair and maintenance of automobiles will
also boost the demand for welding products. Further, the high demand from the construction sector
will help in driving the growth prospects of the welding products market in the coming years. The
growth in the construction and infrastructural activities across developing economies is aiding the
growth of the market.
Transparency Market Research
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