Industry Background:
Welding cable is an electrical component made of a material like copper, aluminum ad rubber providing durable and flexible coverage. The welding cables are used widely in arc-welding machines, lighting, communication, hoists and cranes, automotive, and others applications. The cables are available in various sizes 16mm, 25mm, 35mm, 50mm, 70mm, and 95mm. It is measured in American Wire Guage (AWG) standard.This growth is primarily driven by Need for Insulation in Electrical Wiring for Safety and Effectiveness and Growing Welding and Manufacturing Application.
Globally, a noticeable market trend is evident Emerging Number of Application of Welding Cable in Various Industries. Major Manufacturers, such as Lincoln Electric Holdings, Inc. (United States), Kalas Manufacturing (United States), TEMCo Industrial (United States), Eland Cables (United Kingdom), Southwire Company, LLC (United States), ESAB (Sweden), TPC Wire & Cable Corp. (United States), Houston Wire & Cable Company (United States) and Huadong Cable Group (China) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 18th February 2021, TPC Wire & Cable (TPC), a portfolio company of Audax Private Equity, announced that it has completed the acquisition of Integrated Cable Systems, Inc. (ICS), an ISO 9001 certified supplier of custom cables, harnesses, electro-mechanical assemblies, and industrial panels. Based in Longmont, Colorado, ICSs solutions are widely used in medical, test and measurement, and other highly sophisticated markets where quality and precision are critical.
Market Drivers
- Need for Insulation in Electrical Wiring for Safety and Effectiveness
- Growing Welding and Manufacturing Application
Market Trend
- Emerging Number of Application of Welding Cable in Various Industries
Restraints
- Expensive Welding Material Hindering the Welding Cable Market
Opportunities
Growing Communication Technology and Hoists and Cranes Demand in Developing Nations will Boost the Welding Cable Market
Challenges
Stiff Competition in the Welding Cable Market
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Welding Cable Study Sheds Light on
The Welding Cable Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Welding Cable industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Welding Cable industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.