Welding Materials Market
Welding Materials Market Forecasts to 2030 - Global Analysis By Type (Accessories, Electrodes & Filler Materials, Fluxes & Wires and Other Types), Technology (Arc Welding, Laser Beam Welding, Oxy-Fuel Welding and Other Technologies), End User (Automotive & Transportation, Building & Construction, Heavy Industries and Other End Users), and By Geography
According to Stratistics MRC, the Global Welding Materials Market is accounted for $26.25 billion in 2023 and is expected to reach $41.60 billion by 2030 growing at a CAGR of 6.8% during the forecast period. The cloth or woven fabric created by spinning unprocessed fibres into extensive, twisted lengths is referred to as welding materials. It may also be described as any product made of woven fibres, such as carpet, clothing, and others. It is widely used in a variety of sectors, including the automotive and transportation industries. Any building project requires welding as a crucial component ranging from aluminium railings used in commercial or residential construction to steel beams used in bridges and structures. In addition every step of industrial manufacture, including the fabrication of items from raw materials like steel or aluminium alloys and their assembly, involves welding.
According to the India Brand Equity Foundation (IBEF), leading domestic firms in the technology, manufacturing, and construction industries are investing outside of India, which will fuel market growth in the future.
Market Dynamics:
Driver:
Employment of smart materials in the welding industry
Materials that are "smart" and eco-friendly are becoming more popular on the market. The ability to mix two different metals without affecting their strength, corrosion resistance, or other performance attributes is made possible by advances in our knowledge of how materials behave at the atomic level. The smart material also has a built-in computer chip that tracks weld life and offers a multifunctional design. Additionally, using such materials minimises pre- and post-heating procedures and energy consumption. By using such technologies, manufacturers, product designers, and welders may enhance the whole manufacturing cycle. As a result, the growing need for smart resources is also boosting the global market for welding consumables.
Restraint:
The effects of welding materials on the environment
The manufacturing processes used in the automotive, aerospace, transportation, and construction sectors all depend on shielding gases like argon and carbon dioxide. When welding, which mostly uses shielding gases like carbon dioxide and argon as welding materials, a significant amount of greenhouse gases are produced. Many end-use industries, including the automotive, building & construction, and power & energy sectors, require shielding gases in the welding process. As a result, the environment is significantly impacted by the welding process' release of greenhouse gases. The majority of emissions are produced by the cryogenic process that is used to liquefy carbon dioxide and argon, which uses a lot of power. Due to the requirement to cool argon gas to extremely low temperatures during manufacture, it takes twice as much as energy and generates more emissions than liquefying carbon dioxide.
Opportunity:
Numerous uses for welding technology in automotive industry
One of the most fundamental and flexible techniques to manufacture metals, welding has advanced tremendously in recent years. It is also a common technique for producing metal in a number of industries. The use of welding fabrication in recent years has increased steadily in the automobile industry's manufacturing processes. Automotive manufacturers are gravitating towards welding processes because of the strong connections, more flexible and pliable structure, and significant improvement in the structural integrity of the welded frames. The well-known international automakers are investing in order to create and begin operations from welding shops built in diverse places.
Threat:
Variability in raw material prices
Unpredictability in raw material prices is a major problem that is limiting the industry's expansion. These consumables are produced using a range of different raw materials, including steel, aluminium, graphite, and iron. In addition, shifting trade regulations, unbalanced supply and demand dynamics, erratic foreign exchange rates, and increased geopolitical risks are all factors influencing price variations for these resources. This has a detrimental impact on manufacturers and raises the cost of producing consumables, pushing them to reduce profit margins in order to compete on the global market. In addition, the lack of qualified welders is causing a rise in workplace accidents, which is restricting the industry's growth.
Covid-19 Impact
The COVID-19 outbreak had a significant influence on the welding materials market. As the governments of some nations enforced stringent lockdowns to restrict the virus's spread in the early stages of the pandemic, industries in those nations were ordered to shut down. Manufacturers of welding materials were permitted to continue manufacturing operations when the lockdown was ended and the limitations were relaxed, but only in a limited capacity and with a number of restrictions. The market for welding materials suffered as a result of COVID-19's detrimental effects on the car sector. The suspension of Chinese part shipments, the closure of US assembly factories, and widespread industrial halts in Europe all had significant effects on the sector.
The arc welding segment is expected to be the largest during the forecast period
The arc welding segment is estimated to have a lucrative growth, due to clear benefits to a variety of end-use industries is that it makes welding applications more viable in the automotive, heavy engineering, and industrial sectors as a whole. One of the important reasons propelling the sales of welding consumables throughout the forecast period is the prevalence of robotic arc welding in manufacturing facilities and other sectors. Through these welds, the new procedures will make it possible to create structures that are safer, lighter, more environmentally friendly, and stronger.
The automotive & transportation segment is expected to have the highest CAGR during the forecast period
The automotive & transportation segment is anticipated to witness the highest CAGR growth during the forecast period, due to the increased use of robotic, automated welding, welding consumables the prominent providers of welding solutions provide their products. Additionally, evolution and industry 4.0 transition for automakers, significant changes to the collectively, production facilities are promoting the expansion of welding application throughout the automobile industry and increasing spending on both new and existing transportation initiatives, rising disposable income, and government initiatives to enhance connectivity.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to rapid industrialising and developing their infrastructure. The automotive and construction industries in this area are thriving, which has increased the need for welding supplies. Major companies in the welding materials market have also chosen Asia Pacific as the location of their production facilities due to the region's extensive industrial base and affordable labour costs. The Welding Materials market in China had the biggest market share, and the market in India had the quickest rate of growth in the Asia-Pacific region.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, owing to the cutting-edge technology and a significant focus on sustainability. In Europe, the welding materials are mostly consumed by the automobile and aerospace sectors. The demand for inventive welding materials has been further fuelled by the growing use of lightweight materials in these industries, such as aluminium and modern high-strength steel. The market for welding materials in Germany had the biggest market share, while the market for welding materials in the UK was expanding quickly in the European area.
Key players in the market
Some of the key players profiled in the Welding Materials Market include Air Liquide S.A., Air Products & Chemicals, Ador Welding Ltd, Colfax Corporation, Illinois Tool Works Inc, Linde PLC, Tianjin Bridge Welding Materials Group, Kobe Steel, Lincoln Electric Holdings, Hyundai Welding Co. Ltd, Precision Castparts Corp, Rolled Alloys, Advanced Technologies and Materials Co Ltd, Praxair Technology Inc, Gedik Welding, Taiyo Nippon Sanso Corporation and Fronius International GmbH
Key Developments:
In June 2020, Lincoln Electric introduced the all-new Excalibur 7018 XMR low-hydrogen stick electrode as part of the Excalibur SMAW (stick) electrode series. Excalibur 7018 XMR offers exceptional low moisture content even after 24 hours of exposure remaining below the moisture content limit for 15 hours more than required under the American Welding Society’s AWS A5.1.
In 2019, Lincoln Electric agreed with Kaynak Teknigi Sanayi ve Ticaret A.S. Company to strengthen its current product portfolio and advance Lincoln Electric's regional growth strategy.
Types Covered:
• Accessories
• Electrodes & Filler Materials
• Fluxes & Wires
• Gases
• Other Types
Technologies Covered:
• Arc Welding
• Laser Beam Welding
• Oxy-Fuel Welding
• Resistance Welding
• Ultrasonic Welding
• Other Technologies
End Users Covered:
• Automotive & Transportation
• Building & Construction
• Heavy Industries
• Manufacturing
• Marine
• Oil & Gas
• Power
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Welding Materials Market, By Type
5.1 Introduction
5.2 Accessories
5.3 Electrodes & Filler Materials
5.4 Fluxes & Wires
5.5 Gases
5.6 Other Types
6 Global Welding Materials Market, By Technology
6.1 Introduction
6.2 Arc Welding
6.3 Laser Beam Welding
6.4 Oxy-Fuel Welding
6.5 Resistance Welding
6.6 Ultrasonic Welding
6.7 Other Technologies
7 Global Welding Materials Market, By End User
7.1 Introduction
7.2 Automotive & Transportation
7.3 Building & Construction
7.4 Heavy Industries
7.5 Manufacturing
7.6 Marine
7.7 Oil & Gas
7.8 Power
7.9 Other End Users
8 Global Welding Materials Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Air Liquide S.A.
10.2 Air Products & Chemicals
10.3 Ador Welding Ltd
10.4 Colfax Corporation
10.5 Illinois Tool Works Inc
10.6 Linde PLC
10.7 Tianjin Bridge Welding Materials Group
10.8 Kobe Steel
10.9 Lincoln Electric Holdings
10.10 Hyundai Welding Co. Ltd
10.11 Precision Castparts Corp
10.12 Rolled Alloys
10.13 Advanced Technologies and Materials Co Ltd
10.14 Praxair Technology Inc
10.15 Gedik Welding
10.16 Taiyo Nippon Sanso Corporation
10.17 Fronius International GmbH
List of Tables
1 Global Welding Materials Market Outlook, By Region (2021-2030) ($MN)
2 Global Welding Materials Market Outlook, By Type (2021-2030) ($MN)
3 Global Welding Materials Market Outlook, By Accessories (2021-2030) ($MN)
4 Global Welding Materials Market Outlook, By Electrodes & Filler Materials (2021-2030) ($MN)
5 Global Welding Materials Market Outlook, By Fluxes & Wires (2021-2030) ($MN)
6 Global Welding Materials Market Outlook, By Gases (2021-2030) ($MN)
7 Global Welding Materials Market Outlook, By Other Types (2021-2030) ($MN)
8 Global Welding Materials Market Outlook, By Technology (2021-2030) ($MN)
9 Global Welding Materials Market Outlook, By Arc Welding (2021-2030) ($MN)
10 Global Welding Materials Market Outlook, By Laser Beam Welding (2021-2030) ($MN)
11 Global Welding Materials Market Outlook, By Oxy-Fuel Welding (2021-2030) ($MN)
12 Global Welding Materials Market Outlook, By Resistance Welding (2021-2030) ($MN)
13 Global Welding Materials Market Outlook, By Ultrasonic Welding (2021-2030) ($MN)
14 Global Welding Materials Market Outlook, By Other Technologies (2021-2030) ($MN)
15 Global Welding Materials Market Outlook, By End User (2021-2030) ($MN)
16 Global Welding Materials Market Outlook, By Automotive & Transportation (2021-2030) ($MN)
17 Global Welding Materials Market Outlook, By Building & Construction (2021-2030) ($MN)
18 Global Welding Materials Market Outlook, By Heavy Industries (2021-2030) ($MN)
19 Global Welding Materials Market Outlook, By Manufacturing (2021-2030) ($MN)
20 Global Welding Materials Market Outlook, By Marine (2021-2030) ($MN)
21 Global Welding Materials Market Outlook, By Oil & Gas (2021-2030) ($MN)
22 Global Welding Materials Market Outlook, By Power (2021-2030) ($MN)
23 Global Welding Materials Market Outlook, By Other End Users (2021-2030) ($MN)
24 North America Welding Materials Market Outlook, By Country (2021-2030) ($MN)
25 North America Welding Materials Market Outlook, By Type (2021-2030) ($MN)
26 North America Welding Materials Market Outlook, By Accessories (2021-2030) ($MN)
27 North America Welding Materials Market Outlook, By Electrodes & Filler Materials (2021-2030) ($MN)
28 North America Welding Materials Market Outlook, By Fluxes & Wires (2021-2030) ($MN)
29 North America Welding Materials Market Outlook, By Gases (2021-2030) ($MN)
30 North America Welding Materials Market Outlook, By Other Types (2021-2030) ($MN)
31 North America Welding Materials Market Outlook, By Technology (2021-2030) ($MN)
32 North America Welding Materials Market Outlook, By Arc Welding (2021-2030) ($MN)
33 North America Welding Materials Market Outlook, By Laser Beam Welding (2021-2030) ($MN)
34 North America Welding Materials Market Outlook, By Oxy-Fuel Welding (2021-2030) ($MN)
35 North America Welding Materials Market Outlook, By Resistance Welding (2021-2030) ($MN)
36 North America Welding Materials Market Outlook, By Ultrasonic Welding (2021-2030) ($MN)
37 North America Welding Materials Market Outlook, By Other Technologies (2021-2030) ($MN)
38 North America Welding Materials Market Outlook, By End User (2021-2030) ($MN)
39 North America Welding Materials Market Outlook, By Automotive & Transportation (2021-2030) ($MN)
40 North America Welding Materials Market Outlook, By Building & Construction (2021-2030) ($MN)
41 North America Welding Materials Market Outlook, By Heavy Industries (2021-2030) ($MN)
42 North America Welding Materials Market Outlook, By Manufacturing (2021-2030) ($MN)
43 North America Welding Materials Market Outlook, By Marine (2021-2030) ($MN)
44 North America Welding Materials Market Outlook, By Oil & Gas (2021-2030) ($MN)
45 North America Welding Materials Market Outlook, By Power (2021-2030) ($MN)
46 North America Welding Materials Market Outlook, By Other End Users (2021-2030) ($MN)
47 Europe Welding Materials Market Outlook, By Country (2021-2030) ($MN)
48 Europe Welding Materials Market Outlook, By Type (2021-2030) ($MN)
49 Europe Welding Materials Market Outlook, By Accessories (2021-2030) ($MN)
50 Europe Welding Materials Market Outlook, By Electrodes & Filler Materials (2021-2030) ($MN)
51 Europe Welding Materials Market Outlook, By Fluxes & Wires (2021-2030) ($MN)
52 Europe Welding Materials Market Outlook, By Gases (2021-2030) ($MN)
53 Europe Welding Materials Market Outlook, By Other Types (2021-2030) ($MN)
54 Europe Welding Materials Market Outlook, By Technology (2021-2030) ($MN)
55 Europe Welding Materials Market Outlook, By Arc Welding (2021-2030) ($MN)
56 Europe Welding Materials Market Outlook, By Laser Beam Welding (2021-2030) ($MN)
57 Europe Welding Materials Market Outlook, By Oxy-Fuel Welding (2021-2030) ($MN)
58 Europe Welding Materials Market Outlook, By Resistance Welding (2021-2030) ($MN)
59 Europe Welding Materials Market Outlook, By Ultrasonic Welding (2021-2030) ($MN)
60 Europe Welding Materials Market Outlook, By Other Technologies (2021-2030) ($MN)
61 Europe Welding Materials Market Outlook, By End User (2021-2030) ($MN)
62 Europe Welding Materials Market Outlook, By Automotive & Transportation (2021-2030) ($MN)
63 Europe Welding Materials Market Outlook, By Building & Construction (2021-2030) ($MN)
64 Europe Welding Materials Market Outlook, By Heavy Industries (2021-2030) ($MN)
65 Europe Welding Materials Market Outlook, By Manufacturing (2021-2030) ($MN)
66 Europe Welding Materials Market Outlook, By Marine (2021-2030) ($MN)
67 Europe Welding Materials Market Outlook, By Oil & Gas (2021-2030) ($MN)
68 Europe Welding Materials Market Outlook, By Power (2021-2030) ($MN)
69 Europe Welding Materials Market Outlook, By Other End Users (2021-2030) ($MN)
70 Asia Pacific Welding Materials Market Outlook, By Country (2021-2030) ($MN)
71 Asia Pacific Welding Materials Market Outlook, By Type (2021-2030) ($MN)
72 Asia Pacific Welding Materials Market Outlook, By Accessories (2021-2030) ($MN)
73 Asia Pacific Welding Materials Market Outlook, By Electrodes & Filler Materials (2021-2030) ($MN)
74 Asia Pacific Welding Materials Market Outlook, By Fluxes & Wires (2021-2030) ($MN)
75 Asia Pacific Welding Materials Market Outlook, By Gases (2021-2030) ($MN)
76 Asia Pacific Welding Materials Market Outlook, By Other Types (2021-2030) ($MN)
77 Asia Pacific Welding Materials Market Outlook, By Technology (2021-2030) ($MN)
78 Asia Pacific Welding Materials Market Outlook, By Arc Welding (2021-2030) ($MN)
79 Asia Pacific Welding Materials Market Outlook, By Laser Beam Welding (2021-2030) ($MN)
80 Asia Pacific Welding Materials Market Outlook, By Oxy-Fuel Welding (2021-2030) ($MN)
81 Asia Pacific Welding Materials Market Outlook, By Resistance Welding (2021-2030) ($MN)
82 Asia Pacific Welding Materials Market Outlook, By Ultrasonic Welding (2021-2030) ($MN)
83 Asia Pacific Welding Materials Market Outlook, By Other Technologies (2021-2030) ($MN)
84 Asia Pacific Welding Materials Market Outlook, By End User (2021-2030) ($MN)
85 Asia Pacific Welding Materials Market Outlook, By Automotive & Transportation (2021-2030) ($MN)
86 Asia Pacific Welding Materials Market Outlook, By Building & Construction (2021-2030) ($MN)
87 Asia Pacific Welding Materials Market Outlook, By Heavy Industries (2021-2030) ($MN)
88 Asia Pacific Welding Materials Market Outlook, By Manufacturing (2021-2030) ($MN)
89 Asia Pacific Welding Materials Market Outlook, By Marine (2021-2030) ($MN)
90 Asia Pacific Welding Materials Market Outlook, By Oil & Gas (2021-2030) ($MN)
91 Asia Pacific Welding Materials Market Outlook, By Power (2021-2030) ($MN)
92 Asia Pacific Welding Materials Market Outlook, By Other End Users (2021-2030) ($MN)
93 South America Welding Materials Market Outlook, By Country (2021-2030) ($MN)
94 South America Welding Materials Market Outlook, By Type (2021-2030) ($MN)
95 South America Welding Materials Market Outlook, By Accessories (2021-2030) ($MN)
96 South America Welding Materials Market Outlook, By Electrodes & Filler Materials (2021-2030) ($MN)
97 South America Welding Materials Market Outlook, By Fluxes & Wires (2021-2030) ($MN)
98 South America Welding Materials Market Outlook, By Gases (2021-2030) ($MN)
99 South America Welding Materials Market Outlook, By Other Types (2021-2030) ($MN)
100 South America Welding Materials Market Outlook, By Technology (2021-2030) ($MN)
101 South America Welding Materials Market Outlook, By Arc Welding (2021-2030) ($MN)
102 South America Welding Materials Market Outlook, By Laser Beam Welding (2021-2030) ($MN)
103 South America Welding Materials Market Outlook, By Oxy-Fuel Welding (2021-2030) ($MN)
104 South America Welding Materials Market Outlook, By Resistance Welding (2021-2030) ($MN)
105 South America Welding Materials Market Outlook, By Ultrasonic Welding (2021-2030) ($MN)
106 South America Welding Materials Market Outlook, By Other Technologies (2021-2030) ($MN)
107 South America Welding Materials Market Outlook, By End User (2021-2030) ($MN)
108 South America Welding Materials Market Outlook, By Automotive & Transportation (2021-2030) ($MN)
109 South America Welding Materials Market Outlook, By Building & Construction (2021-2030) ($MN)
110 South America Welding Materials Market Outlook, By Heavy Industries (2021-2030) ($MN)
111 South America Welding Materials Market Outlook, By Manufacturing (2021-2030) ($MN)
112 South America Welding Materials Market Outlook, By Marine (2021-2030) ($MN)
113 South America Welding Materials Market Outlook, By Oil & Gas (2021-2030) ($MN)
114 South America Welding Materials Market Outlook, By Power (2021-2030) ($MN)
115 South America Welding Materials Market Outlook, By Other End Users (2021-2030) ($MN)
116 Middle East & Africa Welding Materials Market Outlook, By Country (2021-2030) ($MN)
117 Middle East & Africa Welding Materials Market Outlook, By Type (2021-2030) ($MN)
118 Middle East & Africa Welding Materials Market Outlook, By Accessories (2021-2030) ($MN)
119 Middle East & Africa Welding Materials Market Outlook, By Electrodes & Filler Materials (2021-2030) ($MN)
120 Middle East & Africa Welding Materials Market Outlook, By Fluxes & Wires (2021-2030) ($MN)
121 Middle East & Africa Welding Materials Market Outlook, By Gases (2021-2030) ($MN)
122 Middle East & Africa Welding Materials Market Outlook, By Other Types (2021-2030) ($MN)
123 Middle East & Africa Welding Materials Market Outlook, By Technology (2021-2030) ($MN)
124 Middle East & Africa Welding Materials Market Outlook, By Arc Welding (2021-2030) ($MN)
125 Middle East & Africa Welding Materials Market Outlook, By Laser Beam Welding (2021-2030) ($MN)
126 Middle East & Africa Welding Materials Market Outlook, By Oxy-Fuel Welding (2021-2030) ($MN)
127 Middle East & Africa Welding Materials Market Outlook, By Resistance Welding (2021-2030) ($MN)
128 Middle East & Africa Welding Materials Market Outlook, By Ultrasonic Welding (2021-2030) ($MN)
129 Middle East & Africa Welding Materials Market Outlook, By Other Technologies (2021-2030) ($MN)
130 Middle East & Africa Welding Materials Market Outlook, By End User (2021-2030) ($MN)
131 Middle East & Africa Welding Materials Market Outlook, By Automotive & Transportation (2021-2030) ($MN)
132 Middle East & Africa Welding Materials Market Outlook, By Building & Construction (2021-2030) ($MN)
133 Middle East & Africa Welding Materials Market Outlook, By Heavy Industries (2021-2030) ($MN)
134 Middle East & Africa Welding Materials Market Outlook, By Manufacturing (2021-2030) ($MN)
135 Middle East & Africa Welding Materials Market Outlook, By Marine (2021-2030) ($MN)
136 Middle East & Africa Welding Materials Market Outlook, By Oil & Gas (2021-2030) ($MN)
137 Middle East & Africa Welding Materials Market Outlook, By Power (2021-2030) ($MN)
138 Middle East & Africa Welding Materials Market Outlook, By Other End Users (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
