Welding Products Market
REPORT DESCRIPTION
Welding Products Market by Consumables ( Stick Electrode , Solid Wires , Flux-cored Wires , SAW Wires & Fluxes and Others ) and Technology ( Arc Welding , Resistance welding , Oxy-fuel Welding , Laser-beam welding and others ) for Automobile & Transportation , Building & Construction , Marine and Other Applications - Global Industry Analysis , Size , Share , Growth , Trends and Forecast , 2014 - 2020
The global welding products market is moderately concentrated in nature with a few players holding a key share of the market , states a research report by Transparency Market Research ( TMR ). In 2013 , the leading players in the global welding products market , namely Lincoln Electric , ITW , and ESAB accounted for a share of approximately 33 % of the global market . In order to enhance the market presence , the key players in the global market are focusing on strategic collaborations , innovations , and significant rise in production capacities . In addition , the increasing research and development activities and the rising number of players entering the market are some of the vital factors anticipated to augment global welding products market in the next few years .
According to the research study by Transparency Market Research , in 2015 , the global market for welding products was worth US $ 19,080.3 mn and is expected to reach a value of US $ 23,777.5 mn by the end of 2020 .
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Asia Pacific to Remain Dominant in Global Welding Products Market
Among the key geographical segments , in 2015 , Asia Pacific led the global welding products market and is estimated to remain in the leading position throughout the forecast period . As per the research study , this region is expected to account for a share of 43.8 % of the global market by the end of 2020 . The rising investments in several end-use industries , including building and construction , automobile ,
Transparency Market Research
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