© 2017 Global Market Insights, Inc. USA. All Rights Reserved Welding Equipment & Consumables Market is Likely to Witness huge Growth over 2019 –  Endowed with a profoundly vast application spectrum, welding equipment & consumables market stands to gain massive remuneration by the end of 2024, subject to its incredibly extensive demand. Almost all the major businesses inclusive of building & construction, automotive, oil & gas, aerospace, and transportation find the necessity to deploy welding equipment for a plethora of industrial processes. This humungous expanse of end-use sectors and the fact that every one of them has been depicting a consistently expanding growth rate, is a pivotal factor that is deemed to stimulate welding equipment & consumables market in more ways than one.welding equipment & consumables market  Welding equipment & consumables industry growth has been forecast to experience a slight hindrance in the ensuing years, primarily pertaining to the emergence of novel technologies such as friction stir welding, that is essentially deployed in the automotive sector. The technology encompasses the joining of two work pieces in the solid state with a non-consumable tool.

 The demand for technologically advanced welding components across myriad end-use domains has prompted welding equipment & consumables equipment industry giants to come up with a unique range of innovative products equipped with highly efficient features.  Miyachi America, a key firm partaking in welding equipment & consumables market share, for instance, had introduced the Miyachi MAWA-300A Micro TIG Welder in 2014 – an arc welder that is deployed for joining conductive and dissimilar materials. Over the years, this product has carved out a rather important place for itself in welding equipment & consumables industry, having found extensive applications across the automotive, medical equipment manufacturing, home appliance, and mobile manufacturing sectors.  Subject to its ease of operation and convenience of functionality, it has been gaining precedence in the aerospace, shipbuilding, and transportation domains, and is likely to hamper welding equipment & consumables market share. © 2017 Global Market Insights, Inc. USA. All Rights Reserved  Welding Equipment & Consumables Market Scenario:

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© 2017 Global Market Insights, Inc. USA. All Rights Reserved Make An Inquiry To Purchase This  Competitive Analysis:  ESAB Group, Lincoln Electric Company, Miller Electric, Senor Metals Private Limited, Arcon, Panasonic Corporation, and Miyachi America Corporation are some of the prominent industry players attempting to bring technological interventions in the welding equipment & consumables market. These companies highly rely on product advancements and mergers & acquisitions to sustain in the competitive scenario.  Regional Analysis:  Asia Pacific has been touted to be one of most remunerative growth avenues for welding equipment & consumables industry. One of the most vital reasons for this prediction is the robust expansion of the automotive and construction sectors in the region. The year 2016 chronicled a commercial vehicle production of more than 811,000 in India, 3,698,000 in China, and 1,330,000 in Japan.

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