The report on the India welding consumables market provides a comprehensive explanation of the market through multiple analyses, measurements, and forecasts. Core figures of the India welding consumables market are provided in kilo tons for volume and INR mn for value and revenue.
The report employs means that track the macro as well as micro changes that have occurred in the India welding consumables market so far. The report aims to present a clearer picture of the India welding consumables market’s competitive landscape in order for the report’s user to be fully informed before making a strategic maneuver.
The research methodologies used to evaluate the India welding consumables market are both primary and secondary, with the former taking up the bulk of the overall research efforts, while still keeping the latter as extensive as possible. The report takes into account multiple product literatures obtained from key players, along with other sources of information such as press releases, annual company reports, and other crucial documents that help understand the market better. Secondary research patterns include data derived from governmental statistical sources, Internet data, and recent trade activities and their role in the bigger picture of the India welding consumables market.
Some of the major sources utilized to compile the research report on the India welding consumables market are documents released by the International Aluminum Institute, Steel Manufacturers Association, Welding Design & Fabrication, The Indian Ferro Allow Producers Association, and the Department of Scientific and Industrial Research.
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Overview of the India Welding Consumables Market
The India welding consumables market is expected to exhibit a CAGR of 5.60% from 2014 to 2020. The market’s value as recorded in 2013 was INR30.8 bn. The overall value of the India welding consumables market is expected to reach INR45.3 bn by the end of 2020. By volume, the India welding consumables market stood at 255.1 kilo tons in 2013.
The India welding consumables market is segmented according to product type and application. Among product segments, the India welding consumables market in 2013 was dominated by welding stick electrodes. It held over 45.0% of the market in 2013. The report then explains how the demand for wires and fluxes is expected to increase in the near future due to the advantages that they possess.
The key driver of the India welding consumables market is expected to be the growth of its end-use industries, especially the building and construction industry. Other drivers include increasing investment in the oil and gas as well as energy sectors. The report also focuses on restraints on the India welding consumables market, such as volatility in raw material supply, advent of international competitors, and a lack of skilled labor.
Companies mentioned in the research report
The India welding consumables market research report incorporates descriptive analyses of the key players in it, such as D&H Sécheron, D & H Welding Electrode Ltd, Honavar Electrode, Ador Welding Ltd., Voestalpine AG, Lincoln Electric Company, and ESAB.