Welding Equipment, Accessories & Consumables Market worth $32.5 Billion by 2026 - Exclusive Report by MarketsandMarkets
"Welding Equipment, Accessories & Consumables Market
by Equipment, Accessory, Consumable (Electrodes & Filler Materials, Fluxes & Wires Gases), Technology (Arc Welding, Oxy-Fuel Welding ), End-Use Industry, and Region - Global Forecast to 2026", published by MarketsandMarkets, the Welding Equipment, Accessories & Consumables Market is projected to grow from USD 25.9 billion in 2021 to USD 32.5 billion by 2026, at a CAGR of 4.6% during the forecast period.
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Innovations and technological advancements in the automotive industry to cater to the growing demand from customers is expected to create higher demand for welding products which is likely to drive the global welding equipment, accessories, and consumables market during the forecast period. APAC is the fastest-growing market for welding equipment, accessories, and consumables due to growing population, favorable investment policies, growing economies, and government initiatives directed at promoting electronics and automobile industries in the region