Lucintel Forecasts The Global Welding Electrode Market To Reach $9 Billion By 2030

By Author: Lucintel LLC
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According to a market report by Lucintel, the future of the global welding electrode market looks promising with opportunities in the automotive, building & construction, oil & gas markets. The global welding electrode market is expected to reach an estimated $9 billion by 2030 from $6 billion in 2024 at a CAGR of 7.6% from 2024 to 2030. The major drivers for this market are demand rising number of transportation projects, such as new railway networks, seaports, and airports, growing demand of infrastrutural development projects, and increasing trend of automated welding technologies.
A more than 150-page report to understand trends, opportunity and forecast in global welding electrode market to 2030 by electrode type (stick electrodes and coiled wires), end use (automotive, building & construction, oil & gas, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that stick electrode is expected to witness highest growth over the forecast period.
Within this market, building & construction will remain the largest segment.
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APAC is expected to witness highest growth over the forecast period.
Weld Atlantic, Golden Bridge, Shandong Solid Soldier, Wuhan Temo Welding, Colfax, Tianjin Bridge, Shandong Juli Welding, Lincoln Electric, Zhujiang Xiangjiang Welding are the major suppliers in the welding electrode market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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