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.
Press Release GlobalWeldingProducts Market: Robust Development of Automotive and Construction Industries to Accelerate Growth : TMR
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Welding Products Market
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Welding Products Market by Consumables (Stick Electrode, Solid Wires, Flux-cored Wires, SAW Wires & Fluxes and Others) and Technology (Arc Welding, Resistancewelding, 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 -2020Theglobal weldingproducts marketis moderately concentrated in nature with a few players holding a keyshare of the market, states a research report byTransparencyMarket Research(TMR). In 2013, the leadingplayers in theglobal weldingproducts market, namelyElectric, ITW, and ESAB Lincoln accounted for a share of approximately 33% of the global market. In order to enhance the market presence, the keyplayers in theglobal market are focusing on strategic collaborations, innovations, and significant rise inproduction capacities. In addition, the increasingand develo research pment activities and the risingnumber ofplayers enteringthe market are some of the vital factors anticipated to augmentglobal weldingproducts market in the next fewyears. According to the research study by TransparencyResearch, in 2015, the Market global market for weldingproducts was worth US$19,080.3 mn and is expected to reach a value of US$23,777.5 mn bythe end of 2020. View Exclusive Global Strategic Business Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=850
Asia Pacific to Remain Dominant in Global WeldingProducts Market Amongthe keygeographical segments, in 2015, Asia Pacific led theglobal weldingproducts 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 theglobal market bythe end of 2020. The rising investments in several enduse industries, including building and construction, automobile,
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Welding Products Market
and other manufacturing units are expected to encourage thegrowth of this region in the next few years. In addition, the high contribution from India and China is another factors expected to accelerate the growth of the Asia Pacific market in the next few years.
On the basis of application, theglobal market for weldingproducts has been categorized into Marine, automobile and transportation, buildingconstruction, and others. Amon and gthe automation these, and transportation segment is likelyto lead theglobal market and account for a share of 17.8% bythe end of 2020. The rising demand for welding products as they help in structural performance in vehicles is one of the key factors anticipated to fuel the growth of this segment in the next few years. Browse The Full Article Here:http://www.transparencymarketresearch.com/welding-products.html
IncreasingDemand for Repair and Maintenance of Automobiles to Encourage GrowthThegrowingfor weldin demand gproducts from the automotive and the robust development of the construction industry are the vital factors anticipated to encourage thegrowth of theglobal weldingproducts market throughout the forecastperiod. Thegrowingdemand for efficient, enhanced, and safe vehicles with permanent welding is expected to supplement the growth of the market in the near future.
Furthermore, the increasingof re number pair and maintenancejobs of automobiles is estimated to generatepromisingopportunities for the keyplayers in theglobal weldingproducts market. The risingnumber ofprojects of construction of newpipelines and rehabilitation of existingoil infrastructure and gasproduction facilities areprojected to indirectly fuel thegrowth of theglobal weldingproducts throughout the forecast period.
Absence of Skilled Labor to Curtail Market Growth Theglobal market for weldingproducts is expected to face several challenges that are likelyto restrict thegrowth of the overall market in the next fewyears. The shortage of skilled and trained labor in the manufacturing industries is one of the key factors estimated to hamper the growth of the global welding products market in the next fewyears. In addition, the high cost of labor in developed countries is anticipated to curb the market’s growth in the near future. Nevertheless, the rising demand from the wind industry, especiallydevelo in ping nations is anticipated togeneratepromising opportunities for the market players throughout the forecast period.
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Welding Products Market
Browse The Press Release For Report: http://www.transparencymarketresearch.com/pressrelease/ion-exchange-membrane-market.htm TABLE OF CONTENT Chapter 1 Preface1.1 Report description