Welding Consumables Market: Top Key Vendors, Segmentation, And SWOT Analysis By 2016 - 2026
According to a new market report published by Transparency Market Research titled “ Welding Consumables Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016–2026 ,” the global welding consumables market is expected to reach a value of US$ 25,245.37 Mn by 2026 at a CAGR of 10.6%. The Asia Pacific welding consumables market is projected to observe the highest growth during the forecast period.The market witnessed considerable growth due to increased demand in construction, manufacturing industries etc. Additionally, evolving automobile designs coupled with the addition of new safety features in them is offering significant opportunity to new welding techniques, thereby driving the welding consumables market. On the other hand, slow growth of advanced welding technologies and consumable products in developing countries is one of the main challenging factors affecting the welding consumable industry. However, there is high pote...