New York(United States):-Report Ocean recently added a research report on the Welding Equipment, Accessories & Consumables Market. The report includes an extensive analysis of the market’s characteristics, COVID-19 impact, size and growth, segmentation, regional and country breakdowns, competitive environment, market shares, trends, and strategies. In addition, it traces the development of the market over time and projects regional market growth. It compares the market to other markets and situates it in relation to the larger market.
Other business intelligence tools include market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, industrial chain, market effect factors analysis, global market size forecast, market data and graphs and statistics, tables, bar and pie charts, and more. Obtain a thorough report (with a full TOC, more than 100 tables, figures, and charts). – Extensive Analysis Impact Analysis of the Pre- and Post-COVID-19 Market Outbreak.
Global Welding Equipment, Accessories & Consumables Market Size study, By Equipment (Electrodes & Filler Metal Equipment, Oxy-fuel Gas Equipment, Other Equipment), By Accessory (Protective Gear, Gas Manifolds, Flow Controllers, Gas Panels, Gas Flow Meters, Gas Regulators, Gas Cabinets, Gas Filters, Check Valves), By Consumables (Electrodes & Filler Materials, Gases, Fluxes & Wires), By Technology (Arc Welding, Oxy-fuel Welding, Others), By End Use Industry (General Fabrication, Power Generation, Automotive, Construction & Infrastructure, Heavy Fabrication, Shipbuilding, Maintenance & Repair, Offshore, Pipe Mill, Pipeline), and Regional Forecasts 2022-2028
Global Welding Equipment, Accessories & Consumables Market is valued approximately USD 25.90 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 4.6% over the forecast period 2022-2028.
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Welding is a production method that joins constituents, generally thermoplastics or metals by using high heat to melt the parts together and letting them cool, which causes fusion. The rising application of welding across various industries such as construction & infrastructure, power generation, general fabrication, maintenance & repair, heavy fabrication, and many others is propelling the market demnad. The exponential growth of the steel industry, innovations and technological advancements, growing needs for the automotive are spurring market demand across the globe. For instance, according to the IBEF, in 2021, the production of crude steel and finished steel was accounted for 102.49 million tons and 94.66 million tons, respectively, and likely to reach 112-114 million tons with a rise of 8-9% respectively by the end of 2022. However, the unavailability of skilled labor and high labor cost impedes the growth of the market over the forecast period of 2022-2028. Also, the development of wind energy infrastructure is anticipated to act as a catalyzing factor for the market demand during the forecast period.
The key regions considered for the Global Welding Equipment, Accessories & Consumables Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Europe is the leading region across the world in terms of market share owing to the increasing demand for the heavy machinery, automotive, electronics, transportation, and construction industries, and rapid development in the field of energy-efficient robotic equipment. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as emerging economies, imposition of favorable investment policies, growing needs for welding consumables, and inclination towards urbanization would create lucrative growth prospects for the Welding Equipment, Accessories & Consumables market across the Asia-Pacific region.
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Major market players included in this report are: Colfax corporations Lincoln Electric Illinois Tool Works Air Liquide Linde group GCE holding Fronius international CSR Messer group Matheson tri-gas
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
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By Equipment Electrodes & Filler Metal Equipment Oxy-fuel Gas Equipment Other Equipment By Accessory Protective Gear Gas Manifolds Flow Controllers Gas Panels Gas Flow Meters Gas Regulators Gas Cabinets Gas Filters Check Valves Electrodes & Filler Materials Gases Fluxes & Wires By Technology Arc Welding Oxy-fuel Welding Others By End Use Industry General Fabrication Power Generation Automotive Construction & Infrastructure Heavy Fabrication Shipbuilding Maintenance & Repair Offshore Pipe Mill Pipeline By Region: North America U.S. Canada Europe UK Germany France Spain Italy ROE
Asia Pacific China India Japan Australia South Korea RoAPAC Latin America Brazil Mexico Rest of the World
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