Welding products market to top $23 billion in 2020

ALBANY, New York – Transparency Market Research has published a new report on Welding Products Market by Consumables. The report states that the global welding products market was valued at USD 17.47 billion in 2013, and is expected to reach USD 23.78 billion by 2020, growing at a CAGR of 4.5% between 2014 and 2020.

The market witnessed a huge rise in  recent years because of growth in the automobile industry, building and construction sector and marine and transportation industries. Recovering and emerging economies in the near future will also lead to expansion of the in the forecast period. The wind industry too is a potential area for growth for welding products market in regions such as Asia-Pacific. As various governments are trying ways to tap into renewable energy resource such as wind power, construction of wind turbines is expected to drive the global welding products market in the coming years.

The vast global welding products market is segmented on the basis of products, technology, applications and region. Some of the key players profiled in this segment are AIHEN Corporation, Obara Corporation, Arcon Welding, Fronius International GmbH, Miyachi America Corporation, ROFIN-SINAR Technologies Inc,, Sonics & Materials Inc. and Doncasters Group Ltd.

Request sample of “Welding Products Market by Consumables (Stick Electrode, Solid Wires, Flux-cored Wires, SAW Wires & Fluxes and Others) Technology (Arc Welding, Resistance Welding, Oxy-fuel Welding, Laser-beam Welding and Others) for Automobile & Transportation, Building Construction, Marine and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020.”