+1-518-618-1030 866 - 552 - 3453 USA-Canada Toll Free

Wind Energy Industry to Ensure Promising Growth for Players in Welding Products Market, reports TMR

Posted on Sep 07, 2016

The global welding products market is moderately consolidated with the top three players accounting for 30% of the market in 2013. Lincoln Electric, ESAB, and ITW are the top three players in the market. These leading players have a strong global presence. Other players in the market are Sonics & Materials Inc., Arcon Welding, Fronius International GmbH, OBARA Corp, and Daihen Corp. Players are investing in and developing proprietary technologies. A trend of rising focus on increasing production capacity and expanding geographical presence through operational improvements and strategic acquisitions can also be seen among key players, says a new report by Transparency Market Research (TMR). 

According to the report, the global market opportunity in welding products is expected to rise from US$19.08 bn in 2015 to US$23.77 bn by 2020. On the basis of technology, the arc welding segment is expected to lead and account for 40.1% of the market by 2020. The demand for arc welding is expected to surge owing to a rise in their use in the construction, pipelining, and shipbuilding industries. 

Stick Electrodes to Lead in Terms of Demand owing to their Spill Prevention Ability 

By product the global welding products market was led by the stick electrodes segment in the past and will continue to do so in the coming years. The stick electrodes segment is expected to account for 41.0% of the market by 2020 on account of their extensive use to help avoid spill with the help of fast freezing deposit. On the basis of application, the market is anticipated to be led by the others segment. By geography, Asia Pacific, followed by Europe will lead in the welding products market, says a TMR analyst. Asia Pacific is expected to account for 43.8% of the market by 2020. 

Growth of Automotive Industry to Augment Demand for Welding Products 

Welding products are witnessing a high demand from the automobiles industry, as metals used in the manufacturing of automobiles are joined by welding. The modifications in the designs of automobiles as per changing times and the rising demand for automobiles are expected to continue to ensure the growth of the global welding products market. Moreover, repairing and maintenance of automobiles are also anticipated to fuel the demand for welding products. The construction and building industry are also expected to contribute to the success of the global welding products market. “A growth in the construction industry in emerging nations such as China, Brazil, and India is projected to create a heightened demand for welding products,” states a TMR analyst. 

Shortage of Skilled Labor for Welding Processes to Hamper Market 

New technologies are frequently being introduced in the welding industry. However, there is a shortage of workforce, possessing advanced skills to work with these new technologies, which acts as a challenge for the welding products manufacturers. High cost of labor is another concern among players in the industry. However, the introduction of robotic and automated welding machines will likely decrease the impact of this restraint in the coming years. 

High Potential for Welding Products in Wind Energy Industry to Emerge as Opportunity in Market 

Wind energy industry is one of the potential growth areas for the welding products market. The demand for energy that is clean, is propelling the wind energy market, and this will subsequently result in the growth of the welding products market. A rise in the demand for wind energy systems is expected to create a need for efficiency in wind tower fabrication, thus requiring welding products. As the wind energy industry is supported by favorable government regulations and incentives, there will be a growth in the coming years. This is expected to bode well for the welding products market, thus emerging as an opportunity for players. 

This information is based on the findings of a report published by Transparency Market Research titled “Welding Products Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2020.” 

The global welding products market is segmented as follows: 

Technology

  • Arc welding
  • Resistant welding
  • Oxy-fuel welding
  • Laser beam welding
  • Others (ultrasound welding, etc.) 

Product

  • Stick electrodes
  • Solid wires
  • Flux-cored wires
  • SAW wires and fluxes
  • Others (gases, etc.) 

Application

  • Automobile and transportation
  • Building & construction
  • Marine
  • Others (repair and maintenance, etc.) 

Regional

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW)

About Us

Transparency Market Research (TMR) is a 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. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

US Office Contact

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: http://www.transparencymarketresearch.com

Back To Top