DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/dtsms8/welding_products) has announced the addition of the "Welding Products Market by Consumables and Technology for Automobile & Transportation, Building & Construction, Marine and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020" report to their offering.
Despite being a mature market, the welding industry has been witnessing continuous technological advancements and introduction of innovative welding techniques for various end-use applications. Arc welding dominates the global welding market, whereas other technologies such as resistant welding, oxy-fuel welding and laser beam welding account for comparatively smaller market shares with specific applications in end-user industries. Arc welding technology, the most popularly employed welding technique, accounted for more than 39% of the total welding products demand. Other methods such as resistant and laser beam welding are gaining popularity for specific applications due to their advantages such as deep weld penetration and minimum size of weld area.
The welding industry primarily includes welding equipment, welding consumables and accessories. Stick electrodes, solid wires, flux-cored wires, SAW wires and fluxes, and gases are used significantly in the welding process. Stick electrodes have exhibited strong demand statistics, especially in Asia Pacific, owing to the presence of large end-user industries in the region. However, stick electrodes face competition from flux-cored wires and solid wires as they are more cost efficient. The global market for flux-cored wires accounted for more than 7% of the global welding consumables demand in 2013.
Various large and small regional as well as global players operate in the welding industry. The three major companies - Lincoln Electric, ESAB and Illinois Tool Works (ITW) dominate the market for welding products. These companies have a strong global distribution channel, with presence in welding equipment as well as welding consumables markets. Additionally, various small and medium players are located in the U.S., Japan, China and India, among others.
Scope of the Report
Welding Products Market - Technology Analysis
- Arc welding
- Resistant welding
- Oxy-fuel welding
- Laser beam welding
- Others (ultrasound welding, etc.)
Welding Consumables Market - Product Segment Analysis
- Stick electrodes
- Solid wires
- Flux-cored wires
- SAW wires and fluxes
- Others (gases, etc.)
Welding Products Market - Application Analysis
- Automobile and transportation
- Building & construction
- Marine
- Others (repair and maintenance, etc.)
Companies Mentioned
- Arcon Welding
- DAIHEN Corporation
- Doncasters Group, Ltd.
- ESAB
- Fronius International GmbH
- Lincoln Electric Company
- Miller Electric Mfg. Co.
- Miyachi America Corporation
- Obara Corporation
- Panasonic Corporation
- ROFIN-SINAR Technologies
- Sonics & Materials, Inc.
- Voestalpine AG
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