Global Welding Consumables Market Forecast to 2030 - COVID-19 Impact and Analysis by Type (Stick Electrodes, Solid Wires, Flux Cored Wires, and SAW Wires & Fluxes); Welding Technique (Arc Welding, Resistance Welding, Oxy-fuel Welding, Laser-beam Welding, and Others); End-user Industry (Aerospace & Defense, Automotive & Transportation, Construction, Manufacturing, Heavy Machinery, Shipbuilding, and Others); and Geography
Global Welding Consumables Market Introduction
Welding consumables are used during the welding process for joining parts. It includes stick electrodes, flux-cored wires, solid wires, SAW wires, and fluxes. Welding is a precise, reliable, high-tech, and cost-effective method for joining, thereby rising use of welding across several industries across the globe which subsequently boosting the growth of the welding consumables market. Furthermore, the rise in consumption of steel along with the booming construction industry is also triggering the demand for the welding consumables market over the forecast period. However, fluctuating cost of raw material may hamper the growth of the market, whereas, the remarkable success of welding intensive industries, such as automotive, shipbuilding, heavy machinery, and general manufacturing are further influencing the sales of welding consumables. Moreover, the growing requirement for welding automation technology in fabrication is anticipated to fuel the welding consumables market growth in the upcoming years.
Global Welding Consumables Market Overview
The global welding consumables market provides an in-depth analysis of segments and sub-segments, region, and country analysis of the overall growth prospects in the market. The report offers a complete overview of the industry, including both qualitative and quantitative information. The welding consumables market report covers a complete analysis and provides market size and forecast estimation from the year 2017 to 2030 based on various segments and sub-segments with respect to four major regions, including North America, Europe, Asia-Pacific (APAC), Latin America & Middle East and Africa (LAMEA). The research report highlights underlying factors such as the drivers, restraints, opportunities, and trends of the global welding consumables market over the long as well as short period of time. Furthermore, the global welding consumables market report offers PEST analysis, NOISE analysis, improvement Venn diagram, brand recall, perceptual mapping, ecosystem/value chain analysis, Porters five forces analysis, and investment pocket analysis with respect to the market. By examining the data collected from primary and secondary methods, the report offers actionable insights into future growth based on inputs from industry experts to help readers formulate effective strategies. This information can help stakeholders to make appropriate decisions before investing.
Global Welding Consumables Market Insights
The market study offers a complete overview of leading companies and their successful marketing strategies and market contribution, such as business overview, financial information, SWOT analysis, and key strategies, such as recent developments, market expansion, partnership, merger & acquisitions, product launch, product update, and other contexts. Players operating in the global welding consumables market mainly focus on the adoption of various strategies to expand their footprint across the world and take the initiative for the development of innovative, efficient, and advanced products.
Market mapping or perceptual mapping is the graphical representation of where a brand, product, or service stands among competitors. Market mapping analysis helps to understand the client how their customers perceive their product offering with their competitors for the welding consumables market. By identifying their current products and competitor products on the market map, the business can fill an identified gap to compete with the competition actively.
COVID-19 Impact on Global Welding Consumables Market
The COVID-19 pandemic has largely impacted globally since December 2019. According to the World Health Organization (WHO) report, the US, India, Russia, Brazil, Italy, France, Argentina, Spain, Colombia, the UK, Germany, and Mexico are some of the worst affected countries due to the COVID-19. The pandemic is hampering the growth of economies worldwide, and it is likely to continue in 2021. The outbreak disrupts various industries, such as manufacturing, construction, automotive, textiles, chemicals, cosmetics, tourism, hospitality, consumer goods, transportation, IT and telecom, pharmaceutical, and among others. This results in several obstacles in the supply chain of raw materials required for packaging, resulting in demand-supply gaps. This scenario is expected to have a large impact on the global welding consumables market.
With Corona Virus Disease 2019 (COVID-19) pandemic, the world is fighting against Covid-19 pandemic and also economic pandemic, almost impacting trillions of dollars of revenues. Our company brings a high-level insight as well as very deep insights relevant to several promising markets. The study will cover:
· Rapid shifts in top 100 companies across each sector
· Growth and decline in each sector due to the COVID-19 pandemic
Global Welding Consumables Market Segmentation
Global Welding Consumables Market by Type
· Stick Electrodes
· Solid Wires
· Flux Cored Wires
· SAW Wires & Fluxes
Global Welding Consumables Market by Welding Technique
· Arc Welding
· Resistance Welding
· Oxy-fuel Welding
· Laser-beam Welding
Global Welding Consumables Market by End-user Industry
· Aerospace & Defense
· Automotive & Transportation
· Heavy Machinery
Global Welding Consumables Market by Geography
· North America
o Rest of Europe
· Asia-Pacific (APAC)
o South Korea
o Rest of APAC
o Latin America
o Middle East
1. Ador Welding Ltd.
2. Chosun Welding Co., Ltd.
4. EWM AG
5. GCE Group
6. HYUNDAI WELDING CO., LTD.
7. Kemppi Oy
8. Kiswel Inc.
9. KOBE STEEL, LTD
11. Miller Electric Mfg. LLC
12. Obara Corporation
13. The Lincoln Electric Company
14. Tianjin Bridge Welding Materials Group Co., Ltd
15. voestalpine Böhler Welding GmbH
Brand awareness is the methodology by which customers are able to recall or recognize a brand (unaided/aided) under several different conditions with respect to the market. These strategies will help the company make people more aware of your brand, especially by targeting relevant, high-quality audiences for the welding consumables market.
Key Questions Answered
· Which region provides more business opportunities for the global welding consumables market in the upcoming years?
· Who is the leading overall welding consumables market, and what strategies have been adopted by them?
· Which segment accounted for the largest welding consumables market share?
· What are the upcoming trends in the global welding consumables market? What impact would these trends make in the coming years for the welding consumables market?
· Which player offering the best product range for the global welding consumables market?
Key Benefits for Stakeholders
· This study presents the analytical description of the welding consumables market analysis along with the current trends and future estimations to describe coming up investment pockets
· The complete welding consumables market opportunity is resolute by knowing profitable trends to gain a stronger foothold
· The report describes insights associated with key drivers, restraints, opportunities, and trends of the global welding consumables market with thorough impact analysis
· The global welding consumables market is quantitatively analyzed from 2017 to 2030 to focus on the monetary ability
· PEST analysis defines the potency of the consumers and suppliers in the global welding consumables market
· Porters five forces analysis examines the five forces that make a competitive company while identifying its strength and weakness. The analysis will also identify competition, new entrants in the market, supplier power, buyer power, and threat of substitute products and services in the global welding consumables market
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