Global Welding Products Market: Demand to Increase from Automotive and Construction Industries, Says Tmr

Transparency Market

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Welding Products Market - Global Industry Analysis,

Size, Share, Growth, Trends and Forecast, 2014 - 2020

Published Date

09-Sept-2014

122 Page Report

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Global Welding Products Market: Demand to Increase from

Automotive and Construction Industries, says TMR

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Welding Products Market

REPORT DESCRIPTION

Welding Products Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 2020

The global welding products market is moderately consolidated with the top three players accounting for 30%

of the market in 2013. These three companies are Lincoln Electric, ESAB, and ITW. Small players are

competing in the market by introducing low priced products, says Transparency Market Research in its new

study. Some of the players in the market are Fronius International GmbH, Bohler, Sonics & Materials Inc.,

Panasonic, Daihen Corp, Rofin-Sinar Technologies Inc., Voestalpine AG, Arcon Welding, and OBARA Co.

Companies are focusing on strategic acquisitions, increasing their production capacity, and innovations.

Operational improvements are another area on which companies are concentrating. Companies such as

Bohler are investing in research and development to present new products as per customer specifications.

According to the report, the global welding products market is expected to rise from US$19,080.3 mn in 2015

to US$23,777.5 mn by 2020. By technology, the resistant welding segment will continue to lead through 2020,

accounting for 26.8% of the market. On the basis of product, the stick electrodes segment led in the past and

will continue to do so, accounting for 40.9% of the market by 2020. By application. The automobile and

transportation segment, closely followed by the building and construction segment will lead...