October 11, 2022 09:01 ET | Source: PMI PMI
Covina, Oct. 11, 2022 (GLOBE NEWSWIRE) -- Welding helps in joining the two elements together with the firm connection. Welding is the process which is used in various types of industries. The Welding has wide variety of applications in industries like household product, construction, shipbuilding, railroads, aerospace, automotive, mechanical and other. In shipbuilding the shielded metal arc are used in fabrication of grillages, panels and tank units, etc. Gas metal arc are used in welding light structures in ship building. Metal inert gas welding used in manufacturing industries which leads to high production, higher profit, and highly economical. Gas pressure welding, flash butt welding, electric or metal arc welding and thermit welding are the different methods of welding used on railways. Welding in railroads help to reduce the amount of creep, provides the good riding quality by eliminating joints, increase the life of rail, reduce the maintenance cost by satisfying the condition of perfect joint. Welding is used in construction of buildings, skyscrapers, airplanes, ships, cars, etc. Welding is an affordable and economical process. Welding helps in establishing the strong, durable, permanent joint links, with the great finish. Due to wide variety of applications and increasing demand from various industries has given push in growth of the Welding Consumables market. Global Welding Consumables Market accounted for US$ 17.3 Billion in 2022 and is estimated to be US$ 28.37 Billion by 2032 and is anticipated to register a CAGR of 5.5%.
The report “Global Welding Consumables Market, By Type (SAW wires, Stick electrodes, Flux-cored wires, Fluxes, Solid wires, Inert gas welding, and Others), By Application (Fabrication of Sheet Metal, Mechanical Industries, Shipbuilding, Construction, Automotive, Aerospace, Railroads, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”
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The welding in the aerospace industries has seen some exciting development in recent years. The improving knowledge of welding material, designs have been implemented in aeronautics industries. Due to the property of reliability and improving appearance the welding are widely used in automotive industries. In production the welding has played an important role as it help in supporting the efforts of sheet metal fabrication process and manufacturing. Metal Inert Gas welding is the excellent welder used in automotive industries. However, wide variety of applications, rise in automotive industries due to urbanization and newly advanced technological development has fueled the growth of the Welding Consumables market. As a result, market competition is intensifying, and both big international corporations and start-ups are vying to establish position in the market.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Welding Consumables Market, By Type (SAW wires, Stick electrodes, Flux-cored wires, Fluxes, Solid wires, Inert gas welding, and Others), By Application (Fabrication of Sheet Metal, Mechanical Industries, Shipbuilding, Construction, Automotive, Aerospace, Railroads, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”
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Key Market Insights from the report:
Global Welding Consumables Market accounted for US$ 17.3 Billion in 2022 and is estimated to be US$ 28.37 Billion by 2032 and is anticipated to register a CAGR of 5.5%. The Global Welding Consumables Market is segmented based on Type, Application and Region.
Competitive Landscape & their strategies of Global Welding Consumables Market:
The prominent players operating in the Global Welding Consumables Market includes, D&H Secheron, ESAB, Voestalphine A G., Ador Welding Limited, The Lincoln Electric Company, Honavar Electrodes, Yawata Electrode Co. Ltd., Chosun Welding, Kiswel Ltd., The VBC Group Ltd., Air Products and Chemicals Inc., Taiyo Nippon Sanso Corporation, WB Alloy Welding Products Limited, Selectrode Industries, Magmaweld, Messer Group GmbH, Gedik Welding, and others.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
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Some Important Points Answered in this Market Report Are Given Below:
1. Robotic Welding Market, By Type (Arc Welding and Spot Welding), By Payload (Less than 50 Kg, 50–150 Kg, and More than 150 Kg), By End-User (Automotive and Transportation, Metal and Machinery, Electricals and Electronics, and Aerospace and Defense), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Trends, Analysis and Forecast till 2029
2. India Metal Fabrication Equipment Market, By Equipment (Machining, Cutting, Forming, Welding, and Others), By End-User (Oil & Gas, Automotive & Aviation, Power Plants, Chemicals & Mining, Construction, and Others) - Trends, Analysis and Forecast till 2030
3. Welding Equipment Market, By Technology (Arc Welding, Oxy-fuel Welding, Resistance Welding, Laser Beam Welding, and Others), By End User (Building & Construction, Automotive & Transportation, Marine sector, Oil & Gas, Aerospace & Defense, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030