Global Welding Consumables Market 2017-2021

Highlights of the welding consumables market research report are:

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Overview of the global welding consumables market

The global welding consumables market is anticipated to grow at a steady rate and will post a CAGR of more than 5% during the forecast period. The growing demand from wind energy industry will drive the growth prospects for the global welding consumables market in the forthcoming years. Some of the major factors responsible for the growing preference for non-renewable sources such as wind energy include the depletion of fossil fuel resources and stringent environmental regulations from the government. Also, the internal and external longitudinal welding processes are required for internal and external circumferential joints. Furthermore, according to the industry research report, other areas that require welding includes components such as foundation flanges, port-holes, and sub-components.

The emergence of laser welding equipment will drive the growth prospects for the global welding consumables market until the end of 2021. Since laser welding technology are increasingly used to weld a wide range of materials that require low thermal distortion and high-speed welding, the demand for laser welding technology is increasing in the market.

Competitive landscape and key vendors

The global welding consumables market is moderately fragmented and highly competitive due to the presence of a large number of regional and international vendors across the globe. A large number of local players find it quite difficult to compete against international vendors in terms of quality, features, functionalities, and services.

Key vendors in this market are -

• Colfax
• Hyundai Welding
• ITW
• Lincoln Electric

Other prominent vendors in the market include Air Liquide, Arcon Welding Equipment, EWM, Eutectic, Denyo, Fronius International, Hyundai Welding, Hilarius Haarlem, Kemppi, Kjellberg Finsterwalde Elektroden und Zusatzwerkstoffe, Linde, Obara, Panasonic, Sandvik Materials Technology, Tianjin Bridge Welding Materials, Voestalpine, and VDM Metals.

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Segmentation by end-user and analysis of the welding consumables market

• Automotive
• Construction
• Aerospace
• Marine

The automotive industry accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. Some of the major factors that encourage the welding industry to incorporate robotics and automation technologies in the automotive industry are stringent requirements for quality, reliability, and precision.

Segmentation by geography and analysis of the welding consumables market

• Americas
• APAC
• EMEA

In terms of geography, APAC accounted for the maximum market share during 2016 and will continue to dominate the market for then ext four years. One of the major factors responisble for the market’s growth in the region is the increasing development of the end-user industries such as automotive, aerospace and defense, shipbuilding, and railways.

Key questions answered in the report include

• What will the market size and the growth rate be of global welding consumables market in 2021?
• What are the key factors driving the global welding consumables market?
• What are the key market trends impacting the growth of the global welding consumables market?
• What are the challenges to market growth?
• Who are the key vendors in the global welding consumables market?
• What are the market opportunities and threats faced by the vendors in the global welding consumables market?
• What are the trending factors influencing the market shares of the global welding consumables market in Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global welding consumables market?

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