The global welding products market size is expected to reach USD 23.51 billion by 2027, expanding at a revenue-based CAGR of 6.2% during the forecast period, according to a new report by Radiant Insights, Inc. Rapid industrialization and growing investments in infrastructural developments in major economies such as U.S., U.K., China, India, and Brazil are the factors anticipated to propel the market growth.
Welding products offer design flexibility, ease of construction modification, and aid in reducing the overall weight of building structures. This promotes the use of welding products in the construction of buildings, pipelines, bridges, and other engineering work for infrastructure development.
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Rapid urbanization and increasing disposable income of the population is anticipated to promote the expansion of construction industry across the globe. Welding provides strong joining of heavy products crucial to the structural integrity of buildings in the construction industry. This is anticipated to propel the market growth over the forecast period.
The welding products market is fragmented in nature with the presence of a number of global and regional players. Several manufacturers have integrated themselves across the value chain on account of increasing opportunities and moderate growth. This helps them grab a higher market share.
Further key findings from the report suggest:
• The arc welding technology segment accounted for USD 5.37 billion in 2019 and is projected to witness strong growth over the forecast period, owing to the characteristics of this technology, such as flexibility and the ability to perform under any conditions
• The flux-cored wires segment is projected to expand at a CAGR of 7.4% from 2020 to 2027, on account of rising demand from construction and shipbuilding applications
• The automotive and transportation application segment is anticipated to reach USD 9.02 billion as the complete manufacturing of automotive components, such as exhaust systems and car bodies requires the use of welding process
• Asia Pacific is expected to exhibit the highest growth over the forecast period and is expected to account for USD 10.52 billion by 2027 owing to the robust growth of construction and automotive industries in the region
• The China welding products market accounted for USD 2.06 billion and is projected to expand at a CAGR of 7.5% from 2020 to 2027 due to the increasing government support to promote investments in manufacturing sectors
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Table of Contents
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List Of Data Sources
Chapter 2. Executive Summary
2.1. Welding Products Market Snapshot
Chapter 3. Welding Products Market Variables, Trends, & Scope
3.1. Market Segmentation And Scope
3.2. Value Chain Analysis
3.3. Vendor Landscape
3.4. Raw Material Trends
3.5. Regulatory Scenario
3.5.1. Occupational Safety and Health Administration
3.5.2. Local Exhaust Ventilation Guidelines
3.5.3. American National Standard
3.5.4. Standards & Compliances
3.5.5. REACH Regulations
3.6. Technological Landscape
3.7. Market Dynamics
3.7.1. Market Driver Analysis
3.7.1.1. Rise in the use in the growing building & construction industry
3.7.1.2. Growing demand for advanced welding technology from automotive industry
3.7.2. Market Restraint Analysis
3.7.2.1. Lack of skilled labor and high labor cost
Continued…
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The global Resistance Welding Products Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the resistance welding products market include Spotwelding Products, Inc., Tuffaloy Products, Inc., CenterLine Holdings Inc., T. J.
Snow, Co., Cal Manufacturing Inc., Weld Systems Integrators (WSI), Spotco, Resistance Welding Machine & Accessory, Milco Manufacturing and AMADA WELD TECH.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Resistance Welding Products Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/resistance-welding-products-market/download-sampleMarket DynamicsRising construction activities or growing infrastructural development, especially in the developing regions, is one of the significant factors promoting the demand for welding products worldwide.
Increasing the focus of the manufacturers on product innovations will further bolster the development of the welding products market.
