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Welding Products Market Projected to Witness Vigorous Expansion by 2027

Automotive and Building & Construction to Foster Welding Products Market Growth<br><br>

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Welding Products Market Projected to Witness Vigorous Expansion by 2027

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  1. Impact of COVID-19 on Welding Products Market: Implications on Business Potential Growth, Attractive Valuation Make It Is A Long-Term Investment | 2019 - 2027 Welding Products Market: Introduction The global ​welding products market​ was valued at ~​US$ 21.8 Bn​ in ​2018​ and is anticipated to expand at a CAGR of ​~5%​ from ​2019​ to ​2027​. Rapid development in infrastructure and urbanization are key factors stimulating the expansion of the global welding products market over the assessment tenure. Welding technology find increased use in the making of buildings, bridges, pipelines and various other engineered projects across the globe. Key Drivers of Welding Products Market Rapid infrastructural development and technological advancements primarily in the automotive industry are anticipated to boost demand over the forecast period. Growing demand for resistant welding technology from numerous applications mainly in the automotive industry for maintenance and repair are the key factors propelling the demand for welding products. Automotive and Building & Construction to Foster Welding Products Market Growth Construction industry has been flourishing for quite some time now and has evolved at a drastic pace. Urbanization due to ever expanding population has mounted pressure for more residences to be built. Rising demand for buildings is likely to trigger growth of the global welding products market over the assessment timeframe. Changes in automobile designs and rise in demand for automobiles, especially in developing countries, are likely to drive the global welding products market. Additionally, repair and maintenance of automobiles is projected to add to the global demand for welding products. Arc Welding Technology to Lead Welding Products Market Key technology segments of welding products include arc welding, resistant welding, oxy-fuel welding and laser beam welding. The versatility of arc welding technique plays a key role in its overall appeal to end-users, thereby challenging the market share of

  2. other welding technology segments. Arc welding accounted for more than ​40%​ of the global welding products market in ​2018. Shielded metal arc welding (SMAW), gas metal arc welding (GMAW) also known as metal inert gas (MIG) or metal active gas (MAG) welding, and gas tungsten arc welding (GTAW welding) are the commonly used arc welding techniques. Request for Report Sample @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=850 Stick Electrodes to Dominate Welding Products Market Welding consumables account for larger share of the global welding products market. Electrodes and filler metals are the key consumables used in different welding processes. Molten melt tends to spill out during the process of out-of-position welding. Electrode helps avoid the spill through fast freezing deposit. Stick electrodes are commonly used in the shielded metal arc welding (SMAW) process. Solid wires accounted for the second largest market share in the welding consumables market in 2018​. The use of solid wires has been growing with increase in the use of high-performance alloys in these wires. Asia Pacific Dominates Welding Products Market Growth of the Asia Pacific is attributed to demand for arc welding in the numerous industries including building and construction, automobile, and manufacturing. Presence of numerous manufacturing firms across emerging countries including India and China is expected to fuel demand for welding products market. China, Japan, and India were key contributors to the welding products market in Asia Pacific in ​2018​. Small welding consumable suppliers are mushrooming in China, due to rise in demand for welding products in building & construction and automobile application segments. Request for Covid-19 Impact Analysis @ https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id =850 Top Players Focus on New Product Offering with Advanced Technology Some of the key players operating in the global Welding Products market are ​ESAB, Fronius International GmbH, Illinois Tool Works Inc., Lincoln Electric, Amada Miyachi America, Inc., Arcon Welding Equipment, LLC, Obara Corporation, and DAIHEN Corporation.​ The global welding products market is moderately concentrated,

  3. with the top three players accounting for more than​ 32%​ of the market in ​2018.​ In ​2019, Lincoln Electric introduced POWER MIG 360MP welder, which has advanced features ideal for metal fabrication, maintenance and repair, and auto body and light industrial applications. The company offers an inverter-based arc welding power source for AC/DC TIG and stick welding. For More Info View @ https://www.transparencymarketresearch.com/casestudies/food-and-beverages-case-st udy About Us Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories. TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision. About Us Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and

  4. secondary research techniques in developing distinctive data sets and research material for business reports. Contact Transparency Market Research, 90 State Street, Suite 700, Albany, NY 12207 Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Email​: ​sales@transparencymarketresearch.com Website​: ​https://www.transparencymarketresearch.com

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