Welding Equipment, Accessories, and Consumables Market Worth 24.00 Billion USD by 2021

24 Aug, 2016, 10:30 ET from MarketsandMarkets

PUNE, India, August 24, 2016 /PRNewswire/ --

The report "Welding Equipment, Accessories, and Consumables Market by Technology (Arc Welding and Oxy-Fuel Welding), Equipment Type (Welding Electrode, Filler Metal, and Oxy-fuel Gas), Accessory, Consumable, End-Use Industry, and Region - Global Forecast to 2021" published by MarketsandMarkets, The market size is estimated to grow from USD 19.57 Billion in 2016 to USD 24.00 Billion by 2021, at a CAGR of 4.23%.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 345 market data Tables and 50 Figures spread through 286 Pages and in-depth TOC on "Welding Equipment, Accessories, and Consumables Market"

http://www.marketsandmarkets.com/Market-Reports/welding-equipment-accessories-consumable-market-197066654.html
Early buyers will receive 10% customization on this report.

Factors such as increase in demand for the welding equipment, accessories and consumables market in Asia-Pacific, increase in demand from the end-use industries such as structural (construction), automobiles, steel, and marine (oil and gas) industry are some of the drivers for the growth of welding equipment, accessories, and consumables market.

Consumables such as shielding gases and oxyfuel gases to gain maximum traction during the forecast period 

The shielding segment dominated the market in 2015 and is projected to be the fastest-growing segment in the next five years, as a result of the rising demand for argon gases by the industries to meet the demand. Furthermore, the oxy-fuel segment is projected to be the second fastest-growing industry.

Arc welding as a technology to witness the highest growth in the welding equipment, accessories, and consumables market 

The report defines and segments the Welding Equipment, Accessories, and Consumables Market on the basis of technology offered into arc welding, oxy-fuel welding, and others. The arc welding technology is projected to grow at the fastest CAGR due to the grow in demand from emerging countries such as China and India, which are ranked first and second, respectively, in the global welding equipment, accessories, and consumables market. The second fastest growing sector is that of oxy-fuel welding.

Make an Enquiry:  http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=197066654

"Asia-Pacific region to be the largest market for welding equipment, accessories, and consumables during the forecast period." 

The Asia-Pacific region leads the market due to its large population and its growing demand for the construction, automobile, steel, and marine (oil and gas) industry. As welding equipment, accessories, and consumables 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 various equipment. This is followed by North America, which is the second largest market for welding equipment, accessories, and consumables.

The ecosystem of global welding equipment accessories and consumables comprises distributors/suppliers such as Colfax corporations. (U.S.), Lincoln Electric Inc. (U.S.), Illinois Tool Works Inc. (U.S.), Air Liquide (France), and the Linde group (Germany). Other players in this market include GCE holding AB (Sweden), Fronius international GMBH (Austria), CSR Limited (Australia), Messer group (Germany), Matheson tri-gas Inc. (U.S.), Bug-O (U.S.), Gentec (China), and Muller (Germany), which help the manufacturers in the development and growth of welding equipment accessories, and consumables markets.

Browse Related Reports:  

Gas Equipment Market by Industrial Gas (Atmospheric, Hydrogen, Acetylene, Helium), Type (Gas delivery, Regulators, Purifiers & filters, Flow devices, Gas generation, Cryogenics, Gas detection), Process (Generation, Storage, Detection, Transportation) - Forecast to 2021

http://www.marketsandmarkets.com/Market-Reports/gas-equipment-market-68487468.html

Welding Gas/Shielding Gas Market by Type (Argon, Carbon dioxide), by Storage, Distribution & Transportation (Cylinder & Packaged Gas, Merchant Liquid/Bulk), by Application (Gas Metal Arc Welding, Tungsten Gas Arc Welding), by End-Use Industry - Global Forecast to 2020

http://www.marketsandmarkets.com/Market-Reports/welding-shielding-gas-market-200200857.html

About MarketsandMarkets  

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets


SOURCE MarketsandMarkets