The global welding safety market is forecast to grow at a CAGR of 4.98% during the period 2016-2020.
According to the report, positive outlook of global construction sector will be a key driver for market growth. The global welding equipment market is expected to be impacted significantly by the positive outlook of the overall construction industry. Welding equipment is used extensively in the construction industry, especially for welding structural steel.
Structural steel is considered an important raw material for this industry. Innovations in steel applications call for developments in welding technology. Reliability, durability, and safety of the steel structures are important in construction activities, which is ensured by proper welding of the structural steel.
Further, the report states that labor shortage in steel industry will be a challenge for the market. The Chinese steel industry, which is the world's largest steel industry, has been significantly affected by the economic slowdown faced by the country in 2015. In 2014, the total consumption of steel in China was 711 million metric tons, which decreased to almost 685 million metric tons in 2015, a decline of 3.6%. The consumption of steel in China will remain low in 2016 as well, with the anticipation of a further 2% decline in the total consumption figures.
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- Lincoln Electric
- Infield Safety
- Intech Safety
- Miller Electric Company
- MSA Safety
- RPB Safety
- RSG Safety
- Scott Safety
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Market segmentation by end user
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Appendix
PART 16: About the Author
For more information about this report visit http://www.researchandmarkets.com/research/2chfp5/global_welding
Research and Markets
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SOURCE Research and Markets