Global Welding Consumables Market 2015-2019
- Published: Sep 2015
- Pages: 68
- SKU: IRTNTR7570
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Market outlook of the global welding consumables market
Welding consumables are widely used in end-user industries such as construction, energy, automobile and transportation, and ship-building. This makes the consumable market prone to trends in these industries. Technavio’s market research analysts has projected the global welding consumables market to grow at a CAGR of more than 5% during the forecast period.
The construction industry is booming globally and this is one primary reason driving the growth of the global welding consumables market. The increase in construction activities worldwide will lead to high demand for welding consumables in the construction industry, thus contributing to the growth of the market during the forecast period.
Segmentation of the global welding consumables market by product
- Stick electrodes
- Solid wires
- Flux cored wires
- SAW wires and fluxes
The year 2014 witnessed the dominance of the stick electrodes segment in this market, accounting for a market share of 41%, followed by the solid wires segment. However, the stick electrodes and solid wires segment shares are likely to decrease owing to the growing popularity of flux cored wires, and SAW wires and fluxes.
Segmentation of the global welding consumables market by end-user industries
- Automotive and transportation
- Industrial equipment
The largest contribution to the market share in 2014 emerged from the construction industry, accounting for a share of around 18%. Rapid urbanization and industrialization in developing countries are the factors leading to the rise in construction projects.
Geographical segmentation of the global welding consumables market
- North America
In 2014, APAC dominated the welding consumables market globally, mainly because of the growing demand from developing countries such as China and India, followed by Europe, North America, and MENA. Industries such as construction, automotive and transportation, and energy show immense growth potential owing to the moderate to good economic growth of developing countries. Thus the demand for welding consumables is expected to increase in APAC.
Competitive landscape and key vendors
Even though the welding consumables industry claims of a few global vendors that cater to different geographies in the world, the industry is highly populated by regional vendors as well.
Key vendors in this market are –
- Hyundai Welding
- Böhler Welding
- Lincoln Electric
Other prominent vendors that cater to the global welding consumables market include ITW, Panasonic, Illinois Tool Works, Air Liquide, ARCON Welding, Denyo, Fronius International, Kemppi, Kobelco, OBARA, and Tianjin Bridge Welding Materials Groupe.
Key questions answered in the report include
- What will the market size and the growth rate be in 2019?
- 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?
- Trending factors influencing the market shares of the APAC, Europe, North America, and MENA.
- What are the key outcomes of the five forces analysis of the global welding consumables market?
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Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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