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Global Welding Wires & Welding Electrode Market is Projected to Reach 21.29 billion USD by 2024

Author: QYResearch | Publish date: 2018-05-31 | Views: 98
The global Welding Wires & Welding Electrode market is valued at USD 17.74 billion in 2016 and is expected to reach USD 21.29 billion by the end of 2023, growing at a Growth Rate of 2.64% between 2016 and 2023. The market is driven by various end-user industries, such as automotive, construction and aerospace & defense.


The industry is concentration, the key brand include Golden Bridge, Tianjin Bridge, Weld Atlantic, Shandong Solid Solider, Shandong Juli Welding, Zhujiang Xiangjiang Welding, Wuhan Temo Welding, Changzhou Huatong Welding, Colfax Corporation, ITW, Kobelco, Lincoln Electric, KaynakTekniğiSanayi ve TicaretA.Ş, Voestalpine, Sandvik, Gedik Welding, CORODUR and Jinglei Weldingand so on. Among them, Golden Bridge and Tianjin Bridge are the leaders.

The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow upward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.

The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins.

The Global Welding Wires & Welding Electrode Market Research Report 2017 report released by QYResearch provides a basic overview of the Welding Wires & Welding Electrode industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.

The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Welding Wires & Welding Electrode industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.

Click to view the full report TOC, figure and tables:


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