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(Construction.IndustryNews247.Com, August 23, 2018 ) Geographically, Asia Pacific accounts for a notable share in the welding equipment & consumables market and will grow at a significant rate to hold over 40% of the entire market by 2024. Asia Pacific will showcase strong growth opportunities owing to the rapidly growing automobile, shipbuilding, construction, and aerospace industries in the region.
Welding Equipment & Consumables Market size will surpass USD 25 billion by 2024. Rising income levels of the middle-class population in the developing countries like India, China, Mexico, Indonesia, and Brazil is fueling the automobile demand. This has also led to improvements in roads and other transit facilities. The total sales of vehicles in India and China accounted for over 30 billion in 2016, whereas that in Japan was recorded close to 5 billion in the same year. Extensive product use in the automotive industry will propel the welding equipment & consumables market demand in the next seven years.
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Welding process leads to considerable environmental and health hazards due to the release of toxic gases such as nitric oxide, carbon monoxide, ozone and nitrogen dioxide. These gases when released in the air cause contamination and may also result in pulmonary infection or respiratory illness to workers dealing with such welding activities. Poor working conditions in small and medium enterprises may lead to severe health hazards among workers. These factors might hinder the welding equipment & consumables market in coming years.
Considering type, the welding equipment & consumables market is bifurcated into two broad categories, mainly, consumables and equipment. The consumables segment includes stick electrodes, solid wires, flux cord wires, SAW (submerged arc wires) & fluxes, and other segments such as rods, etc. Stick electrodes are rods used for sustaining the arc and providing filler metals for the welded joints.
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Prominent players operating in the entire welding equipment & consumables market are Obara Corporation, Miller Electric, Miyachi America Corporation, Lincoln Electric Company, Fronius International, ESAB Group, Doncasters Group, DAIHEN Corporation, Arcon Welding, Kiswel, Voestalpine AG, Senor Metals, Panasonic Corporation, Sonics & Materials, and ROFIN-SINAR Technologies to name some.
Partial Chapter of the Table of Content
Chapter 2. Executive Summary
2.1. Welding equipment & consumables market 360° synopsis, 2013 – 2024
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Application trends
2.1.4. Regional trends
Chapter 3. Welding Equipment & Consumables Industry Insights
3.1. Welding Equipment & Consumables Industry segmentation
3.2. Welding Equipment & Consumables Industry size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Distribution channel analysis
3.3.2. Vendor matrix
3.4. Raw material analysis
3.5. Regulatory landscape
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3.5.1. U.S.
3.5.2. Europe
3.5.3. China
3.6. Pricing analysis
3.6.1. Regional pricing
3.7. Industry impact forces
3.7.1. Growth drivers
3.7.2. Industry pitfalls & challenges
3.8. Growth potential analysis
3.9. Porter's analysis
3.10. Competitive landscape, 2016
3.10.1. Strategic dashboard
3.11. PESTEL analysis
Global Market Insights, Inc.
Arun Hegde
1-888-689-0688
sales@gminsights.com
Source: EmailWire.Com 
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