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Press Release

Jul 31, 2020 04:30 UTC

COVID-19 Impacts: Aluminum Welding Wires Market will Accelerate at a CAGR of over 6% through 2020-2024 | Increasing Demand For Lightweight Vehicles to Boost Growth | Technavio

LONDON--(Business Wire)--Technavio has been monitoring the aluminum welding wires market and it is poised to grow by 55.07 K MT during 2020-2024, progressing at a CAGR of almost 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200730005836/en/

Technavio has announced its latest market research report titled Global Aluminum Welding Wires Market 2020-2024 (Graphic: Business Wire)

Technavio has announced its latest market research report titled Global Aluminum Welding Wires Market 2020-2024 (Graphic: Business Wire)

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact

The market is concentrated, and the degree of concentration will accelerate during the forecast period. Air Liquide SA, Colfax Corp., CTP Srl, DRAHTWERK ELISENTAL W. Erdmann GmbH & Co., Hilarius Haarlem Holland BV, Novametal SA, Safra Spa, SURAL, The Lincoln Electric Co., and voestalpine AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Increasing demand for lightweight vehicles has been instrumental in driving the growth of the market. However, fluctuating LME prices might hamper the market growth.

Aluminum Welding Wires Market 2020-2024 : Segmentation

Aluminum Welding Wires Market is segmented as below:

  • End-user
    • Automotive And Transportation
    • Construction
    • Others
  • Region
    • APAC
    • Europe
    • MEA
    • North America
    • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41425

Aluminum Welding Wires Market 2020-2024 : Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our aluminum welding wires market report covers the following areas:

  • Aluminum Welding Wires Market size
  • Aluminum Welding Wires Market trends
  • Aluminum Welding Wires Market industry analysis

This study identifies an increase in demand for welding wires for repair and maintenance as one of the prime reasons driving the aluminum welding wires market growth during the next few years.

Aluminum Welding Wires Market 2020-2024 : Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the aluminum welding wires market, including some of the vendors such as Air Liquide SA, Colfax Corp., CTP Srl, DRAHTWERK ELISENTAL W. Erdmann GmbH & Co., Hilarius Haarlem Holland BV, Novametal SA, Safra Spa, SURAL, The Lincoln Electric Co., and voestalpine AG. Backed with competitive intelligence and benchmarking, our research reports on the Aluminum Welding Wires Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Aluminum Welding Wires Market 2020-2024 : Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist aluminum welding wires market growth during the next five years
  • Estimation of the aluminum welding wires market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the aluminum welding wires market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of aluminum welding wires market vendors

Table Of Contents :

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by End-user

  • Market segments
  • Comparison by End user
  • Automotive and transportation - Market size and forecast 2019-2024
  • Construction - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by End user

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver - Demand led growth
  • Volume driver - Supply led growth
  • Volume driver - External factors
  • Volume driver - Demand shift in adjacent markets
  • Price driver - Inflation
  • Price driver - Shift from lower to higher priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Air Liquide SA
  • Colfax Corp.
  • CTP Srl
  • DRAHTWERK ELISENTAL W. Erdmann GmbH & Co.
  • Hilarius Haarlem Holland BV
  • Novametal SA
  • Safra Spa
  • SURAL
  • The Lincoln Electric Co.
  • voestalpine AG

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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