Global Welding Safety Market 2016-2020
About Welding Safety Equipment
Welding safety equipment is a type of PPE that ensures the safety of welders. It includes protective clothing; respiratory protective equipment (RPE); protective footwear; head, eye, and face protection; and welding gloves.
Technavio’s analysts forecast the global welding safety market to grow at a CAGR of 4.98% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global welding safety market for 2016-2020. To calculate the market size, the report considers the revenue generated from the worldwide retail sales of the different types of welding safety equipment.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Welding Safety Market 2016-2020
Technavio recognizes the following companies as the key players in the global welding safety market: 3M, Honeywell, and Lincoln Electric.
Other Prominent Vendors in the market are: Bollé, Drägerwerk, Grolls, Infield Safety, Intech Safety, Kimberly-Clark, Miller Electric Company, MSA Safety, RPB Safety, RSG Safety, Scott Safety, and Tusker.
Commenting on the report, an analyst from Technavio’s team said: “Growing demand from wind energy sector will be a key trend for market growth. With depleting fossil fuel resources and stringent environmental regulations on the generation of electricity from non-renewable sources, there has been a gradual shift in the focus toward the use of non-renewable sources, such as wind energy.”
According to the report, positive outlook of global construction sector will be a key driver for market growth. The global welding equipment market is expected to be impacted significantly by the positive outlook of the overall construction industry. Welding equipment is used extensively in the construction industry, especially for welding structural steel. Structural steel is considered an important raw material for this industry. Innovations in steel applications call for developments in welding technology. Reliability, durability, and safety of the steel structures are important in construction activities, which is ensured by proper welding of the structural steel.
Further, the report states that labor shortage in steel industry will be a challenge for the market. The Chinese steel industry, which is the world’s largest steel industry, has been significantly affected by the economic slowdown faced by the country in 2015. In 2014, the total consumption of steel in China was 711 million metric tons, which decreased to almost 685 million metric tons in 2015, a decline of 3.6%. The consumption of steel in China will remain low in 2016 as well, with the anticipation of a further 2% decline in the total consumption figures.
3M, Honeywell, Lincoln Electric, Bollé, Drägerwerk, Grolls, Infield Safety, Intech Safety, Kimberly-Clark, Miller Electric Company, MSA Safety, RPB Safety, RSG Safety, Scott Safety, and Tusker.