Global Welding Consumables Market Overview:
The welding consumables are the ancillary products which are used for welding processes. The welding consumables market is directly related to the growth of different end users such as automotive and construction industries. The equipment is applicable in various countries to emphasize clean energy and low cost productivity techniques. It has been observed that increasing technology advancements by the key players in welding automation coupled with mergers and acquisition is expected to flourish the global welding consumables market in future. The manufacturers of welding consumables are expanding their businesses in Asia-Pacific countries as these countries are focused on foreign direct investment. According to AMA, the Global Welding Consumables market is expected to see growth rate of 5.9% and may see market size of USD19216.0 Million by 2024.
- Increase Demand of Welding Automation Technology in Fabrication.
- High Labor Cost and Scarcity of Professional Labor Leads to Demand of Welding Automation Technology.
- Collaboration and Tie Up Of Leading Players.
- Upsurge demand due digitization of industries
- Slow Adoption of Welding Automation Technology in Developing Countries.
- Stringent Growth of Defense & Aerospace and Shipbuilding Industries Hamper the Welding Consumables Market.
- New Safety Features in Automotive Offers a Great Opportunity to New Welding Techniques.
- Rise in Foreign Direct Investments in Construction and Other Industries.
- Adverse Environmental Impact Caused Due to Welding Consumables.
- The Cost of Welding Consumables Product are High.
The welding consumables market offers competitive advantages by using point to use welding control in shipyard. This product offers better quality with remote control access with an affordable cost. The technology solution help to meet the customer demands.
Some of the key players profiled in the report are Colfax Corporation (United States), Fronius International GmbH (Austria), Hyundai Welding Co., Ltd. (Singapore), Illinois Tool Works Inc. (United States), Kemppi Oy. (Finland), Obara Corporation (Japan), Panasonic Corporation (Japan), The Lincoln Electric Company (United States), Tianjin Bridge Welding Materials Group Co., Ltd. (China), Voestalpine Bhler Welding GmbH (Germany), Praxair, Inc. (United Kingdom), Voestalpine AG (Austria) and The Linde Group (Ireland). Additionally, following companies can also be profiled that are part of our coverage like Air Products and Chemicals, Inc. (United States), EWM AG (Germany), Air Liquide S.A. (France), MESSER Group GmbH (Germany) and Sandvik Materials Technology (Sweden). Analyst at AdvanceMarketAnalytics see United States and United Kingdom Manufacturers to retain maximum share of Global Welding Consumables market by 2024. Considering Market by Technique Type, the sub-segment i.e. Arc welding will boost the Welding Consumables market.
In January 2018, ESAB acquired Sandvik welding. This acquisition is beneficial in expansion of production unit at Scranton, Pennsylvania, Sandviken and Sweden. It can also deliver better service to customers and enhanced portfolio of stainless steel and nickel filter metals.
According to Construction Product Regulation (CPR), it’s denoted that, the manufacturer of welding consumables must be certified with Fabric Production Certificate and required ABC-CPR for better quality system”.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Welding Consumables market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Welding Consumables market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Welding Consumables Manufacturers, Welding Consumables Traders, End-Use Market Participants of Different Segments of Welding Consumables, Government and Research Organizations, Associations and Industrial Bodies, Research and Consulting Firms, R&D Institutions and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.