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
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.
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.
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.
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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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
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