The competition in the welding industry is very high. 45% of the global welding industry markets are 6 large companies constitute the majority. Lincoln Electric is also facing major competitors include: ESAB (Charter plc), Illinois Tool Works, Air Liquide, Kobelco, Thermadyne, Ador welding Ltd., India and ESAB, EWAC alloys Ltd. Additionally, the competition from small and medium companies also make it difficult for Lincoln Electric.
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