The welding market will reach USD 27.22 billion by 2027; Growing applications in aerospace industry will emerge in favor of market growth, according to Fortune Business Insights ™

List of companies presented on the market: Lincoln Electric (Ohio, United States), KOBE STEEL, LTD (Hyogo, Japan), ESAB (Maryland, United States), ZULFI (Al Zulfi, Saudi Arabia), KISWEL CO., LTD. (Seoul, Korea), CS HOLDINGS CO., LTD. (Gyeongsangbuk-do, Korea), RME MIDDLE EAST (Dubai, UAE), voestalpine BÖHLER Edelstahl GmbH (Linz, Upper Austria), capilla (Leopoldshöhe, Germany), Tianjin Golden Bridge Welding Materials Group International Trading Co., Ltd. (Tianjin, PR China), Miller Electric Mfg. LLC (Wisconsin, United States)

Pune, India, June 16, 2021 (GLOBE NEWSWIRE) – According to the report, The welding market the size is expected to reach $ 27.22 billion by the end of 2027. The presence of several large-scale companies offering rental services will drive the growth of the overall market. According to a report published by Fortune Business Insights titled “Welding Market Size, COVID-19 Share & Impact Analysis, By Product Type (Welding Equipment & Consumables), By Process Type (Arc, Spot, MIG / TIG, laser and others), by Application (Automotive, Building & Construction, Heavy Engineering, Railroad & Shipbuilding, Oil & Gas & Others) and Regional Forecast, 2020-2027 ”, the market was worth $ 19.53 billion in 2019 and will post a CAGR of 4.3% during the forecast period 2020-2027.

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List of companies profiled on the Welding market:

• Lincoln Electric (Ohio, United States)

• KOBE STEEL, LTD (Hyogo, Japan)

• ESAB (Maryland, United States)

• ZULFI (Al Zulfi, Saudi Arabia)

• KISWEL CO., LTD. (Seoul, Korea)

• CS HOLDINGS CO., LTD. (Gyeongsangbuk-do, Korea)

• RME MIDDLE EAST (Dubai, United Arab Emirates)

• voestalpine BÖHLER Edelstahl GmbH (Linz, Upper Austria)

• capilla (Leopoldshöhe, Germany)

• Tianjin Golden Bridge Welding Materials Group International Trading Co., Ltd. (Tianjin, People’s Republic of China)

• Miller Electric Mfg. LLC (Wisconsin, United States)

To learn more about the short and long term impact of COVID-19 on this market,

Please visit: https://www.fortunebusinessinsights.com/industry-reports/welding-market-101657

The concept of welding has evolved considerably over the years. Initially, the process was only used for metals and smaller components. Technological advancements and discoveries in the material associated with the process have allowed a wider field of application. The massive investments in welding research and development by large-scale companies across the globe will have a huge impact on the growth of the overall market in the years to come. The concept of automated welding is taking over manufacturing activities and the growing applications provide the platform for these manufacturers. The gap between supply and demand among welding companies and the adoption of robotic components will create several growth opportunities for companies in this sector.

Covid-19 pandemic damages welding businesses due to stagnant manufacturing and construction industry

The recent coronavirus outbreak has affected multiple industries across the globe, with most companies facing significant losses. The economic losses during and following the pandemic were so damaging that several businesses were forced to shut down altogether. Efforts to curb the spread of the disease have had a negative impact on manufacturers in all industries. With the shutdown of several manufacturing sectors, welding companies have been hit hard in recent months.

The increasing number of business mergers will have a positive impact on the growth of the market

The report encompasses several factors which have contributed to the growth of the overall market in recent years. Among all the factors, the increasing number of mergers and acquisitions of companies has had the greatest impact on the growth of the market. Due to healthy competition in the market, companies are looking to adopt new strategies in order to expand their customer base and establish a strong brand presence. In April 2019, Lincoln Electric announced that it had completed the acquisition of Baker Industries Inc. The latter is involved in the distribution of custom tooling. The company is involved in the development of custom tooling parts and accessories. It serves the automotive and aerospace markets. Lincoln’s acquisition of Baker Industries indicates the potential of welding service offerings around the world.

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Asia-Pacific will become dominant in the world market; Increased construction and engineering activities will emerge in favor of market growth

The report analyzes current market trends in five major regions including North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. Among all regions, the Asia-Pacific market is expected to become dominant in the coming years. The increase in construction and engineering activities in countries like India and China will create several growth opportunities for companies operating in the regional market. In 2019, the Asia-Pacific market was worth USD 7.04 billion and this value is expected to grow at a tremendous rate in the coming years.

Industry Developments:

September 2019: – Lincoln Electric has announced the launch of new GTAW (TIG) cut lengths with high silicon formulations using stainless steel alloys for a clean, high quality welding process.

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Contents

  • introduction

  • summary

  • Market dynamics

    • Macro and micro economic indicators

    • Drivers, constraints, opportunities and trends

    • Impact of COVID-19

      • Short term impact

      • Long term impact

  • Competition landscape

    • Business strategies adopted by key players

    • Consolidated SWOT analysis of the main players

    • Porter’s Five Forces Analysis

    • Global Market Share Analysis and Matrix, 2019

  • Key market insight and analysis, by segment

  • Global Welding Market Size Estimates & Forecasts (Quantitative Data), By Segments, 2016-2027

    • By product type (value)

      • Welding machine

      • Consumables

    • By type of process (value)

    • By application (value)

      • Car

      • Building construction

      • Heavy engineering

      • Railway and shipbuilding

      • Petroleum gas

      • Others (Aeronautics, etc.)

    • By region (value)

      • North America

      • Europe

      • Asia Pacific

      • Middle East and Africa

      • Latin America

  • North America Welding Market Size Estimates & Forecasts (Quantitative Data), By Segments, 2016-2027

    • By product type (value)

      • Welding machine

      • Consumables

    • By type of process (value)

    • By application (value)

      • Car

      • Building construction

      • Heavy engineering

      • Railway and shipbuilding

      • Petroleum gas

      • Others (Aeronautics, etc.)

    • By country (value)

Table of contents continued…!

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Take a look at the related research information:

Welding Consumables Market COVID-19 Size, Share and Impact Analysis, By Type (Coated Electrodes, Solid Wires, Cored Wires & SAW Wires & Fluxes), By Application (Heavy Engineering, Automotive, Railroads, Construction, Shipbuilding and Others) and regional forecasts, 2020-2027

Welding Electrodes Market COVID-19 Size, Share and Impact Analysis, By Type (Coated Electrodes & Coiled Wires), By Industry (Automotive, Building & Construction, Oil & Gas & Others) and Regional Forecast, 2020-2027

Welding Equipment Market Size, Industry share and analysis, by technology (arc welding, resistance spot welding, MIG / TIG welding, laser beam welding and others), by type of automation (automatic, semi-automatic and manual ), By Application (Automotive, Building & Construction, Heavy Engineering, Railway & Shipbuilding & Others) and Regional Forecast, 2019-2026

Welding Wire Market Industry Size, Share & Analysis, By Type (Metal Inert Gas (MIG) Wire, Tungsten Inert Gas (TIG) Wire, and Others), By Industry (Automotive, Building & Construction, Oil & Gas & Others) ) and regional forecasts, 2019-2026

Motor Driven Welder Market Size, Share and Industry Analysis by Welding Current (Less than 300 Amps, 300-500 Amps, 500 Amps and Above), by Engine Brand (Kubota, Kohler, Perkins and Others), by Application end use (mining, pipeline, construction, and others) and regional forecast, 2019-2026

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