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Welding Consumables Market to Witness an Outstanding Growth During 2020-2030
Published by mark itwired
Posted on September 15, 2021
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Published by mark itwired
Posted on September 15, 2021
Growth of welding sector is majorly relied on the global steel consumption in several end-use industries such as the marine, automotive & transportation, and construction industries. In its recent report, Future Market Insights (FMI) has forecast the global welding consumables market will reach US$ 15.36 Bn in 2020, growing at a 5.7% CAGR over forecast period, 2020-2030.
Market players are inclining towards automation at diverse stages in the welding process. Technological advancements such as use of computer assisted welding techniques and welding robots are changing modern day welding landscape. These developments are expected to spur growth in the global market.
FMI’s report on the market provides a comprehensive overview, addressing key market dynamics. Some of the takeaways from the report are as follows:
“End users across industries are partnering with key companies to experiment and obtain product that best suits their requirements. Companies are focusing on improving product lines to cater different types of welding technologies and therefore different applications and end use industries.” said a lead analyst at FMI.
COVID-19 pandemic has brought several sectors to a screeching halt and impacted the world economy considerably. Production activities has been reduced since the enactment of nationwide lockdown and temporary suspension of non-essentials manufacturing facilities in worst hit countries across the world.
Some of the facilities are however now operating at about 50% of the capacity which has led to a slump in demand for welding consumables. However, as the regulations alleviates and fabrication activities gradually begin, the welding consumables market is anticipated to exhibit a steady expansion during the assessment period.
For More Details, Ask Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-940
Global welding consumables market is comparatively fragmented. The leading companies are accounting for about one-third of the overall market share. Rising number of regional manufacturers offering economical solutions will might intensify competition in the market. Players are investing in product innovation and merger and acquisition which is allowing them to not only expand their offerings but also to fortify their market position. Case in point
Lincoln Electric extended its flagship line of Ranger generators/welders by introducing the new Ranger 260MPX. It features a digital interface and a compact design, with carbon footprint of 20%, lower as compared to other products.
Voestalpine bought a huge stake in Selco s.r.l., a leading welding machine producer in Italy. The company is aiming to fortify its position in Europe as the takeover allows the Voestalpine to add welding machines to its product line.
Major companies identified in the global market include Colfax Corporation, Voestalpine AG, Kobe Steel Limited, Illinois Tool Works Inc, Linde Plc, Taiyo Nippon Sanso Corporation, Air Liquide S.A., Air Products and Chemicals Inc., MESSER Group GmbH, Hyundai Welding Co Ltd., EWM AG, Ador Welding Limited, WB Alloy Welding Products Limited, FSH Welding Group, GCE Group and Industrial Welding Corporation.
A new market research report published by Future Market Insights (FMI) on the global Welding Consumables market report offers comprehensive insights into the market demand trends and analysis of opportunities over the forecast period, 2020-2030. The report examines the welding consumables market through three different segments – product type, welding type, end use and region. The market report also provides extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the supply of welding consumables and product adoption across several end-use industries.
The post Welding Consumables Market to Witness an Outstanding Growth During 2020-2030 first appeared on Market Research Blog.
Growth of welding sector is majorly relied on the global steel consumption in several end-use industries such as the marine, automotive & transportation, and construction industries. In its recent report, Future Market Insights (FMI) has forecast the global welding consumables market will reach US$ 15.36 Bn in 2020, growing at a 5.7% CAGR over forecast period, 2020-2030.
Market players are inclining towards automation at diverse stages in the welding process. Technological advancements such as use of computer assisted welding techniques and welding robots are changing modern day welding landscape. These developments are expected to spur growth in the global market.
FMI’s report on the market provides a comprehensive overview, addressing key market dynamics. Some of the takeaways from the report are as follows:
“End users across industries are partnering with key companies to experiment and obtain product that best suits their requirements. Companies are focusing on improving product lines to cater different types of welding technologies and therefore different applications and end use industries.” said a lead analyst at FMI.
COVID-19 pandemic has brought several sectors to a screeching halt and impacted the world economy considerably. Production activities has been reduced since the enactment of nationwide lockdown and temporary suspension of non-essentials manufacturing facilities in worst hit countries across the world.
Some of the facilities are however now operating at about 50% of the capacity which has led to a slump in demand for welding consumables. However, as the regulations alleviates and fabrication activities gradually begin, the welding consumables market is anticipated to exhibit a steady expansion during the assessment period.
For More Details, Ask Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-940
Global welding consumables market is comparatively fragmented. The leading companies are accounting for about one-third of the overall market share. Rising number of regional manufacturers offering economical solutions will might intensify competition in the market. Players are investing in product innovation and merger and acquisition which is allowing them to not only expand their offerings but also to fortify their market position. Case in point
Lincoln Electric extended its flagship line of Ranger generators/welders by introducing the new Ranger 260MPX. It features a digital interface and a compact design, with carbon footprint of 20%, lower as compared to other products.
Voestalpine bought a huge stake in Selco s.r.l., a leading welding machine producer in Italy. The company is aiming to fortify its position in Europe as the takeover allows the Voestalpine to add welding machines to its product line.
Major companies identified in the global market include Colfax Corporation, Voestalpine AG, Kobe Steel Limited, Illinois Tool Works Inc, Linde Plc, Taiyo Nippon Sanso Corporation, Air Liquide S.A., Air Products and Chemicals Inc., MESSER Group GmbH, Hyundai Welding Co Ltd., EWM AG, Ador Welding Limited, WB Alloy Welding Products Limited, FSH Welding Group, GCE Group and Industrial Welding Corporation.
A new market research report published by Future Market Insights (FMI) on the global Welding Consumables market report offers comprehensive insights into the market demand trends and analysis of opportunities over the forecast period, 2020-2030. The report examines the welding consumables market through three different segments – product type, welding type, end use and region. The market report also provides extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the supply of welding consumables and product adoption across several end-use industries.
The post Welding Consumables Market to Witness an Outstanding Growth During 2020-2030 first appeared on Market Research Blog.