Welding Products Market
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Moreover , the oil and gas sector is also creating a heightened demand for welding products . The construction of new manufacturing facilities and revamping the old oil infrastructures will drive the demand for welding products . The growing concerns relating to safety in the oil and gas industries will drive the need to replace old and worn out pipelines and install new ones , in turn boosting the demand for welding products . “ Furthermore , the increase in the drilling activities in the oil and gas sector will drive the demand for offshore rigs , which in turn will create growth opportunities for the global welding products market ,” states a TMR analyst .
High Cost of Labor in Developed Nations Posing a Challenge for Market
One of the key restraints in the global welding products market is the lack of skilled and trained labor . Labor cost in developed countries is too high , which in turn escalates the production prices , reducing the profit margins of manufacturers . Lack of skilled labor also hampers the process of welding , restraining the growth of this market . Despite the availability of new technologies , the dearth of skilled labor will make it difficult to implement and provide quality services to customers . On a positive note , the growth of the wind energy power sector will create fresh opportunities for the growth of the global welding products market .
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TABLE OF CONTENT Chapter 1 Preface 1.1 Report description 1.2 Market segmentation 1.3 Research scope and assumptions 1.4 Research methodology
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