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Global Welding Consumables Market 2015-2019 Research And Markets
Mar 11, 2016

The global welding consumables market is expected to grow at a CAGR of 5.5% in terms of revenue over the period 2015-2019.

Welding is the process of joining similar metals together. It is one of the methods of making high strength joints of two or more different parts.

The key trends to follow during this period would be the new technologies being developed in the industry, especially those designed to weld thick metal joints. In addition, the industry is accepting automation at different stages in welding, and we foresee the development of automation software and robots as viable trends that will influence the industry in the forecast period.

According to the report, one of the primary drivers in the global welding consumables market is the surge in construction activities across the globe.

Further, the report states that the slow adoption of advanced technologies, especially in developing countries, poses a challenge to the market.