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Insights on the Welding Consumables Global Market to 2027 - Featuring Hyundai Welding, Illinois Tool Works & Kobe Steel Among Others - ResearchAndMarkets.com

·3-min read

The "Welding Consumables - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The publisher brings years of research experience to the 5th edition of this report. The 188-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Welding Consumables Market to Reach $22.9 Billion by 2027

Amid the COVID-19 crisis, the global market for Welding Consumables estimated at US$12.4 Billion in the year 2020, is projected to reach a revised size of US$22.9 Billion by 2027, growing at a CAGR of 9.2% over the analysis period 2020-2027.

Automotive & Transportation, one of the segments analyzed in the report, is projected to record a 10.5% CAGR and reach US$5.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Construction segment is readjusted to a revised 8.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $3.3 Billion, While China is Forecast to Grow at 12.4% CAGR

The Welding Consumables market in the U.S. is estimated at US$3.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.9 Billion by the year 2027 trailing a CAGR of 12.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.2% and 7.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.2% CAGR.

Manufacturing Segment to Record 7.8% CAGR

In the global Manufacturing segment, USA, Canada, Japan, China and Europe will drive the 7.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.5 Billion in the year 2020 will reach a projected size of US$2.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.3 Billion by the year 2027, while Latin America will expand at a 9.1% CAGR through the analysis period.

Competitors identified in this market include, among others:

  • Colfax Corporation

  • EWM AG

  • Hilarius Haarlem Holland B. V.

  • Hyundai Welding Co., Ltd.

  • Illinois Tool Works, Inc.

  • Kobe Steel Ltd.

  • Sandvik Materials Technology

  • The Lincoln Electric Company

  • Tianjin Bridge Welding Materials Group Co., Ltd.

  • voestalpine Bohler Welding Group GmbH

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Global Competitor Market Shares

  • Welding Consumables Competitor Market Share Scenario Worldwide (in %): 2019 & 2025

  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

  • Total Companies Profiled: 38

For more information about this report visit https://www.researchandmarkets.com/r/6osg4w

View source version on businesswire.com: https://www.businesswire.com/news/home/20210122005153/en/

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