Welding Products Market Analysis, Size, Growth, Share, Trend, Outlook & Forecast 2022 - 2030
Welding Products Market Growth & Trends
The global welding products market size is expected to reach USD 19.94 billion by 2030, as per a new report by Grand View Research Inc. Rapid industrialization and growing investments in infrastructural developments in major economies such as the U.S., UK, China, India, and Brazil have propelled the market growth.
Oxy fuel welding technology is gaining significant growth on account of its growing use in industrial manufacturing applications. The welding equipment and products used in this technology are highly cost efficient which promotes its implementation in welding fillet, butt, and lap joints with the object thickness of up to 5mm.
The market is fragmented in nature with the presence of a number of global and regional players. Several manufacturers in the market have integrated themselves across the value chain on account of increasing opportunities and moderate growth rates. This helps the market players grab a higher market share.
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Welding Products Market Report Highlights
ARC welding technology segment accounted for USD 4.96 billion in 2021 and is projected to witness strong growth over the forecast period owing to its characteristics such as flexibility and the ability to perform under any conditions
The stick electrodes segment is projected to grow at a CAGR of 4.5% from 2022 to 2030, on account of its rising demand for stick electrodes for the welding of a wide range of components in various application areas on account of their ability to increase the welding strength as well as their high corrosion resistance & tensile strength
The market in the Asia Pacific is expected to exhibit the highest growth for the welding products market, expected to account for USD 9.57 billion by 2030 owing to the robust growth of the construction and automotive industry in the region
Governments of various economies are investing in infrastructure projects as it is the backbone of a healthy economy. The rising investments in infrastructure development are also expected to ramp up the economic recovery from the effects of COVID 19.
The market is characterized by the presence of various small and large scale vendors, resulting in a moderate level of concentration in the market. Major manufacturers are focusing on their capacity expansions for developing various types of welding products
Welding Products Market Segmentation
GrandViewResearchhassegmentedtheglobalweldingproductsmarketbasedon technology,product,andregion:
Welding Products Technology Outlook (Revenue, USD Million, 2017 - 2030)
Welding
Welding
FuelWelding
BeamWelding
products market/request/rs1
Products Product Outlook (Revenue, USD Million, 2017 2030)
Welding Products Regional Outlook (Revenue, USD Billion, 2017 2030)
NorthAmerica
U.S.
Canada o Mexico
Europe
Germany
UnitedKingdom
France
AsiaPacific
China o India o Japan
Australia
Central&SouthAmerica
Brazil
MiddleEast&Africa
SaudiArabia
SouthAfrica
List of Key Players in Welding Products Market
ColfaxCorporation
VeostalpineAG
TheLincolnElectricCompany
IllinoisToolWorks,Inc.
HyundaiWeldingCo.,Ltd.
ObaraCorporation
Kiswel,Inc.
SandvikAB
TianjinBridgeWeldingMaterialsCo.,Ltd.
KemppiOy
MitcoWeldProductsPvt.Ltd.
SenorMetalsPvt.Ltd.
MetrodeProductsLtd.
AdorWeldingLimited
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