Global Welding-Related Products Market 2022-2028
Welding is a fabrication process whereby two or more parts are fused together by means of heat, pressure or both forming a join as the parts cool. Welding is usually used on metals and thermoplastics but can also be used on wood. The market for welding-related products worldwide is expected to reach USD 35,326 million by 2028, recording a CAGR of 5.2% over the forecast period as per the latest report by Gen Consulting Company.
The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global welding-related products market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the welding-related products industry.
This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, technology, application, and region. The global market for welding-related products can be segmented by product: gases, protective equipment, welding consumables, welding equipment, others. The welding consumables segment is estimated to account for the largest share of the global welding-related products market. Welding-related products market is further segmented by technology: arc welding, radiant energy welding, resistance welding, solid-state welding, thermochemical welding, others. The arc welding segment held the largest revenue share in 2021. Based on application, the welding-related products market is segmented into: automotive, chemical & petrochemical, civil & infrastructure, machine-building, power, shipbuilding, others. On the basis of region, the welding-related products market also can be divided into: Asia Pacific, Europe, North America, Rest of the World (RoW).
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