In this report, Technavio covers the market outlook and growth prospects of the global welding accessories market for 2017-2021. Based on the end-users, the market is divided into automotive, construction, aerospace and defense, and marine segments.
|The global welding equipment market is expected to witness a steady growth during the forecast period. The majority of the demand is expected from the automotive and construction sectors. The demand for welding equipment is also expected to increase due to the anticipated revival of the aerospace and defense sector and the increasing number of air passengers.|
Technavio’s research study segments the global welding accessories market into the following regions:
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Welding accessories market in APAC
“APAC has the leading market share in the global welding accessories market and will continue to grow faster than the other segments. The growth will be driven by the improving economic conditions from the flourishing end-user industries such as automotive, aerospace and defense, shipbuilding, and railways,” says Gaurav Mohindru, a lead analyst at Technavio for engineering tools research.
With China gradually moving toward a more consumption-oriented economy to revive its economic situation, there will be ample demand for new modes of transportation from the transportation sector. Also, due to the economic power shift from the west to the east and the growing Asian economy and urbanization, the region will witness large-scale developments in the transport infrastructure. These two factors will create ample demand for welding accessories.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
Welding accessories market in the Americas
The welding accessories market in the Americas is majorly steered by the US, which is currently witnessing a significant revival in its aerospace and automotive sectors. Closely following the US in automotive production in North America is Mexico. The availability of cheap labor, land, and close vicinity to major export destinations have attracted major OEMs, such as Toyota, General Motors, Chrysler, and Ford to this country.
Additionally, multiple upcoming projects in the Americas are expected to fuel the welding accessories market. For instance, the Hurontario-Main light rail line project in Ontario, Canada, is expected to be completed by 2022. Shipbuilding is another key stakeholder for the welding accessories market, with most of the demand arising from Navy ships that are being manufactured in the region.
Welding accessories market in EMEA
“European countries, such as Germany, the UK, and Italy, are the primary consumers of welding equipment and services in the region, which is attributed to the growing investment in the regional automotive and aerospace industries. The market in this region, especially in Europe, is mature and a moderate growth is expected during the forecast period,” says Gaurav.
The welding accessories market in EMEA will primarily be driven by the automotive and aerospace sectors in Europe. Another sector that extensively uses friction stir welding equipment is the aerospace industry. The growth of the global commercial aviation sector has led to the rise in orders for more aircraft from European aircraft manufacturing companies, such as France's Airbus Industry, resulting in capacity expansion activities in these industries and the demand for metal heat treatment equipment and services in Europe's aerospace industry.
The top vendors in the global welding accessories market highlighted in the report are:
- Fronium International
- Illinois Tool Works
- The Lincoln Electric Company
Browse Related Reports:
- Global Alcohol Breath Analyzers Market 2017-2021
- Global High Temperature Cables Market 2017-2021
- Global Nonwoven Filter Media Market 2017-2021
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at firstname.lastname@example.org.