Welding Electrodes Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

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Welding Electrodes Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

Status : July, 2020 | Automotive | PPT format

Report Digest


Welding electrodes are used to generate a current through a workpiece to shield two pieces together. Welding electrodes market stands to gain success globally due to the production of quality electrodes, and better financial planning. The rise in the welding electrodes market is directly proportional to the automotive & transportation, construction, and steel production in any country. The increment in refurbishing and renovation activities across the globe is anticipated to develop the growth of the welding electrodes market significantly. The significant growth of the automotive & transportation, and construction industry, due to the rise in the number of applications across various end-user industries utilizing welding electrodes for repair and maintenance purposes will lead to pave lucrative opportunities and growth to the welding electrodes market. The increasing demand for hybrid cars and electric cars globally is anticipated to witness the lucrative growth opportunity for the welding electrodes market. 

The rising thrive of the Automotive, Construction, and Transportation boost the growth of Welding Electrodes Market

The rising demand for quality electrodes by applications of end-user industries across the globe to utilize welding electrodes for maintenance and repair leads to anticipate the growth of the welding electrodes market. The welding electrode market growth is significantly driven by sprouting demand for oil and gas industry, building construction, shipbuilding, and steel production. Increasing growth in technological furtherance in marine, aerospace and defense, pipe industry, construction, and power generation sectors enhances the demand for quality welding electrodes due to rising infrastructure in industrial processes are some of the factors anticipated to influence the market growth of welding electrodes market over the forecast period of 2020 to 2030. The demand for welding electrodes is predicted to increase continuously during the forecast period due to welding electrodes quality and competent performance.

Moreover, an unorganized sector is the main challenge for the welding electrodes market; owing to lack of standard specification and monotonous approval process in the unorganized sector which leads to hamper the welding electrodes market.

Welding Electrodes Market Segmentation

Welding electrodes market can be segmented on the basis of type and application

On the basis of type welding electrodes market is segmented as;

  • Low Temperature Steel Electrode
  • Heat-resistant Steel Electrode

On the basis of end-user industry welding electrodes market is segmented as;

  • Oil and Gas industry
  • Aerospace & Defense
  • Building and Construction
  • Automotive
  • Pipe
  • Shipbuilding
  • Transportation

Welding Electrodes Market Regional Outlook

Geographically, the welding electrodes market has been categorized into seven prominent regions, including East Asia, South Asia, Latin America, North America, Oceania, Europe, and the Middle East & Africa. Factors such as power generation and technological advancements in marine lead to the growth of shipbuilding activities in the European region; thereby it is expected to influence the demand for welding electrodes in Europe. Latin America is expected to possess immense potential for the growth of the welding electrodes market over the forecast period. East Asia and South Asia are expected to be the dominating market in the welding electrodes market. Rapid expansion of the automotive and transportation industry are expected to pave new growth opportunities demand for welding electrodes market has witnessed a significant surge in North America. The Middle East and Africa are accounted to pave a lucrative growth in the welding electrodes market; owing to the rise in technological advancements, application of calibre specification, and specific welding electrodes techniques. The rapid increase in the demand for hybrid cars and electric cars on account of shifting consumer preferences is anticipated to influence the growth of the welding electrodes market.

Welding Electrodes Market Key Players

The manufacturers are increasing alliances with end-users to maintain hegemony in the welding electrodes market. The leading players are engaged. The key players in the Welding electrodes market are mentioned below:

  • Weld Atlantic
  • Kobelco
  • Golden Bridge
  • Shandong Solid Soldier
  • Wuhan Temo Welding
  • Colfax Corporation
  • Tianjin Bridge
  • Shandong Juli Welding
  • Lincoln Electric
  • Zhujiang Xiangjiang Welding
  • Kaynak Teknigi Sanayi ve Ticaret A.S
  • Changzhou Huatong Welding
  • Gedik Welding
  • Jinglei Welding
  • Sandvik

The research report presents a comprehensive assessment of the welding electrodes market and contains thoughtful insights, facts, and historical data, as well as statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to welding electrodes market segments such as geography, product type, and end-use industry.

The welding electrodes market report covers exhaustive analysis on:

  • Welding electrodes Market Segments
  • Welding electrodes Market Dynamics
  • Welding electrodes Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

The welding electrodes market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with welding electrodes market attractiveness as per segments. The report also maps the qualitative impact of various market factors on welding electrodes market segments and geographies.

Welding Electrodes Market Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and Products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.