According to the recent research report ‘Global Welding-Related Products Market 2022-2028’, available with MarketStudyReport, global welding-related product market is expected to reach a valuation of USD 35,326 million by the end of the forecast duration, progressing at a CAGR of 5.2% through 2028.

Increasing adoption of rental services as well as leasing schemes, easy accessibility to several distribution channels, growing innovative technologies offered by equipment suppliers & sales distributors, and growing demand for standardized products are prime factors fueling global welding-related product market size.

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Welding is essentially a fabrication method that involves fusing multiple pieces together using heat, pressure, or both. Welding is usually linked to metals and thermoplastics, but it can also be for use on wood.

This marketplace, however, is experiencing limited growth as a result of the economic slump brought on by the COVID-19 pandemic, which has resulted in low investor confidence and a drop in construction activity.

The research report on ‘global welding-related products market’ has been written in a concise and easy-to-understand manner that essentially reveals the current and prospective market scenario, with additional information such as tables and numbers are included as well. The report includes a detailed analysis of the geographical reach for numerous types of welding machinery and consumables, such as shielding gases, safety, and protective equipment, and automated welding equipment and
accessories, as well as reasons for differences in the industry's growth in different regions.

This marketplace is segmented based on product category, technology, application scope, and regional landscape.

Based on product category the market is divided into protective equipment, gases, welding equipment, welding consumables, and others. The welding consumables segment is predicted to amass modest gains during the forecast duration due to increasing adoption of rental services as well as leasing schemes and easy accessibility to several distribution.

Further, the technology segment of the global welding-related products industry vertical is categorized into thermochemical welding, welding, resistance welding, radiant energy welding, solid-state welding, and others.

The application scope of the market is also segregated into power, automotive, chemical & petrochemical, machine-building, civil & infrastructure, shipbuilding, and others.

Based on the geographical landscape, this business sphere is segmented into North America, Asia Pacific, Europe, and the rest of the world.

The key players formulating the competitive landscape of global welding-related product marketplace are Colfax Corporation, Atlantic China Welding Consumables, Inc., DAIHEN Corporation, EWM AG, Air Liquide S.A., Fronius International GmbH, Hyundai Welding Co., Ltd., Kiswel Co., Ltd., Illinois Tool Works Inc, among others.