The Global Welding Component Market Report includes a comprehensive analysis of the present market. The report starts with the basic overview of the market overview and then goes into each and every detail.
Houston, TX -- (SBWIRE) -- 01/25/2018 -- The research report, titled "Global Welding Component Market Report 2018," offers an unmistakable understanding of the topic. The exploration report tries to appreciate the leading-edge techniques taken by vendors in the overall market to offer product detachment through Porter's five forces analysis. It likewise points out the courses in which these associations can strengthen their stand in the market and increment their livelihoods in the coming years. Consistent technological progressions and the enduring penetration of Internet in the remote corners of the world are moreover responsible for the astounding advancement of the market.
Top Key Players:
Lincoln Electric Company, ESAB, Illinois Tool Works Inc., Voestalpine AG among others. Few of the other prominent players are Ador Welding Ltd, Arc Machines, Inc., igm Robotic Systems Inc., Milco International, Parweld Ltd., Proserv, and Senor Metals Pvt. Ltd.
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Welding components have all-embracing applications in nearly all the chief industries including building, construction, aerospace, oil & gas, automobile, and others. Products in this industry have different features and are technologically developed continuously. Increasing use of the process for commercial purposes will drive the industry in the forecast period. Different components find applications in several end user industries, creating demand on a large scale.
Welding process leads to considerable environmental and health hazards due to release of toxic gases such as nitric oxide, carbon monoxide, ozone and nitrogen dioxide. These gases when released in the air cause contamination and may also result in pulmonary infection or respiratory illness to workers dealing with such welding activities. Poor working conditions in small and medium enterprises may lead to severe health hazards among workers. These factors might hinder the Global Welding Component Market in coming years.
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Amid technology segments, the arc welding segment is projected to grow at the fastest CAGR due to the growth in demand from emerging countries such as China and India, which are ranked first and second, respectively, in the Global Welding Component Market. The second fastest growing sector is that of oxy-fuel welding.
Among applications, the automobile and transportation sector is the largest segment of the Global Welding Component Market and is expected to occupy maximum share of the overall market by 2023. The stringent requirements for quality, reliability, and precision has led more applications of robotics and automation technologies in the automotive sectors welding processes. The surging production of light vehicles will create additional demand for different welded automotive components, creating potential demand for welding equipment manufacturers in the coming years.
In terms of regional analysis, the Asia-Pacific region leads the market due to its large population and growing demand from the construction, automobile, steel, and marine (oil and gas) industry. As welding components have a widespread application in all these end-use industries, the Asia-Pacific region, which is witnessing a major growth in these sectors as well, has become a large market for these equipment. This region is followed by North America, which is the second largest region for the Global Welding Component Market.
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Table of Content:
Global Welding Component Market Research Report 2018-2023
Chapter 1 Welding Component Market Overview
Chapter 2 Global Economic Impact
Chapter 3 Competition by Manufacturer
Chapter 4 Production, Revenue (Value) by Region (2018-2023)
Chapter 5 Supply (Production), Consumption, Export, Import by Regions (2018-2023)
Chapter 6 Production, Revenue (Value), Price Trend by Type
Chapter 7 Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Market Forecast (2018-2023)