Welding Equipment & Consumables Market Application and Regional Outlook and Segments Overview to 2024

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Welding Equipment Consumables Market is Likely
to Witness huge Growth over 2019 2024

• Endowed with a profoundly vast application
  spectrum, welding equipment consumables market
  stands to gain massive remuneration by the end of
  2024, subject to its incredibly extensive demand.
  Almost all the major businesses inclusive of
  building construction, automotive, oil gas,
  aerospace, and transportation find the necessity
  to deploy welding equipment for a plethora of
  industrial processes. This humungous expanse of
  end-use sectors and the fact that every one of
  them has been depicting a consistently expanding
  growth rate, is a pivotal factor that is deemed
  to stimulate welding equipment consumables
  market in more ways than one.
• Welding equipment consumables industry growth
  has been forecast to experience a slight
  hindrance in the ensuing years, primarily
  pertaining to the emergence of novel technologies
  such as friction stir welding, that is
  essentially deployed in the automotive sector.
  The technology encompasses the joining of two
  work pieces in the solid state with a
  non-consumable tool.

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• Welding Equipment Consumables Market Scenario

• The demand for technologically advanced welding
  components across myriad end-use domains has
  prompted welding equipment consumables
  equipment industry giants to come up with a
  unique range of innovative products equipped with
  highly efficient features.
• Miyachi America, a key firm partaking in welding
  equipment consumables market share, for
  instance, had introduced the Miyachi MAWA-300A
  Micro TIG Welder in 2014 an arc welder that is
  deployed for joining conductive and dissimilar
  materials. Over the years, this product has
  carved out a rather important place for itself in
  welding equipment consumables industry, having
  found extensive applications across the
  automotive, medical equipment manufacturing, home
  appliance, and mobile manufacturing sectors.
• Subject to its ease of operation and convenience
  of functionality, it has been gaining precedence
  in the aerospace, shipbuilding, and
  transportation domains, and is likely to hamper
  welding equipment consumables market share.

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• Regional Analysis

• Asia Pacific has been touted to be one of most
  remunerative growth avenues for welding equipment
  consumables industry. One of the most vital
  reasons for this prediction is the robust
  expansion of the automotive and construction
  sectors in the region. The year 2016 chronicled
  a commercial vehicle production of more than
  811,000 in India, 3,698,000 in China, and
  1,330,000 in Japan.

• Competitive Analysis

• ESAB Group, Lincoln Electric Company, Miller
  Electric, Senor Metals Private Limited, Arcon,
  Panasonic Corporation, and Miyachi America
  Corporation are some of the prominent industry
  players attempting to bring technological
  interventions in the welding equipment
  consumables market. These companies highly rely
  on product advancements and mergers
  acquisitions to sustain in the competitive
  scenario.

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