Welding Equipment Market Growing at a CAGR of 4.23% from 2016 to 2021


Posted August 25, 2016 by Priyasharma

Welding Equipment, Accessories, and Consumables Market is projected to grow from USD 19.57 billion in 2016 to USD 24.0 billion by 2021, at a CAGR of 4.23%.

 
Growth in the construction industry throughout the world, uptick of consumer spending, full capacity utilization of the manufacturers, and increase in automobiles sales have played a huge role in providing the necessary momentum to the welding equipment, accessories, and consumables market.

Complete report on Welding Equipment, Accessories, and Consumables Market spread across 286 pages, profiling 20 companies and supported with 345 tables and 50 figures is now available at
http://www.rnrmarketresearch.com/welding-equipment-accessories-and-consumables-market-by-technology-arc-welding-and-oxy-fuel-welding-equipment-type-welding-electrode-filler-metal-and-oxy-fuel-gas-accessory-consumable-end-use-industry-a-st-to-2021-market-report.html
The arc welding segment is projected to be the fastest-growing segment in the welding equipment, accessories, and consumables market, by technology, for the next five years. The main growth drivers for the arc welding segment in this market are the manufacturing industry and the steel industry; the steel industry plays a vital role as steel is consumed in the construction industry, fabrication, and the manufacturing industry.
Asia-Pacific accounted for the largest share of the total demand generated by the global welding equipment, accessories, and consumables market in 2015 because of the willingness of companies in the region to take up capital-intensive projects, along with the availability of technical expertise. The Asia-Pacific region is projected to be the fastest-growing market for welding equipment, accessories, and consumables during the forecast period, owing to the rising economy and the rapid growth in the infrastructure sector.
This study has been validated through primary interviews with various industry experts globally. The break-up profile of primary discussion participants is given here Tier 1 (32%); Tier 2 (43%) and Tier 3 (25%) companies were contacted for interviews. The interviews were conducted with various key people such as C Level (15%), Directors Level (50%) and other (35%) from various key organizations. The primary interviews were conducted worldwide covering regions such as North America (20%), Europe (16%), Asia Pacific (47%), and RoW (17%).
The various suppliers of welding equipment, accessories, and consumables and related products in the report such as Coflax corporations (U.S.), Lincoln Electric Inc. (U.S.), Illinois Tool Works Inc. (U.S), Air Liquidie (France), BOC. (U.K.), GCE holding AB (Sweden), Koike Aronson Inc. (U.S.), Fronius international GMBH (Austria), The linde group (Germany), Messer group (Germany), Matheson tri-gas Inc. (U.S.), Bug-O (U.S.), Gentec (China), Muller (Germany), Afrox (South Africa), Cavagna group (Italy), Rotarex (Luxemburg), Gasiq (Sweden), Yildiz (Istanbul), Hypertherm (U.S.).

Ask for a discount before order a copy of Welding Equipment, Accessories, and Consumables Market by Technology (Arc Welding and Oxy-Fuel Welding), Equipment Type (Welding Electrode, Filler Metal, and Oxy-fuel Gas), Accessory, Consumable, End-Use Industry, and Region - Global Forecast to 2021
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The report offers market estimations and projections till 2021 and offers a complete study of the market dynamics. In addition, the report provides the competitive landscape with major growth strategies adopted by the key players.
On a related note, another research titled with Welding Gas/Shielding Gas Market by Type (Argon, Carbon dioxide), by Storage, Distribution & Transportation (Cylinder & Packaged Gas, Merchant Liquid/Bulk), by Application (Gas Metal Arc Welding, Tungsten Gas Arc Welding), by End-Use Industry - Global Forecast to 2020. Now available at http://www.rnrmarketresearch.com/welding-gas-shielding-gas-market-by-end-use-industry-metal-manufacturing-fabrication-construction-storage-distribution-transportation-cylinder-packaged-gas-merchant-liquid-type-oxygen-application-shielded-metal-arc-welding-re-market-report.html
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Issued By priya
Country India
Categories Industry , Reports
Last Updated August 25, 2016