Welding is a fabrication technique employed to unite two or more parts made of materials with similar properties, such as metals or thermoplastics, by subjecting them to high temperatures that melt the components and enable fusion upon cooling. Within the welding process, the components being joined are referred to as the parent material, while the material used to facilitate the joining is known as the filler. Welding consumables play a pivotal role in numerous industries, including automotive, construction, and marine sectors, among others, as they are extensively utilized to effectively connect multiple metal parts together.
Market Dynamics:
Growing automobile and construction industry across the global is expected to drive the market growth during the forecasted period (2023-2030). As Welding is one of the essential processes used in construction and automobile industry where different types of welding such as arc welding, laser beam welding, friction welding, resistance welding, and ultrasonic welding are used to join the metal components such as doors, roofs among other of a vehicles as the vehicles parts are manufacturers separately and are joint together to build a whole vehicle using welding process. Furthermore, growing number of solar plats across the globe also affected the market positively as to setup a solar plant the solar panels are too we welded with the solar stand which will also help the market to grow during the forecasted period.
Key features of the study:
- This report provides an in-depth analysis of global welding consumables market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2023 to 2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading market players
- It profiles leading players in the global welding consumables market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
- Companies covered as a part of this study include Voestalpine AG, Arcon Welding Equipment, Colfax Corporation, Kemppi Oy, The Lincoln Electric Company, Tianjin Bridge Welding Materials Co., Ltd., Air Liquide, Fronius International GmbH, Hyundai Welding Co., Ltd., Denyo Co., Ltd., Obara Corporation, Illinois Tool Works Inc., Panasonic Corporation, and others
- Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
- The global welding consumables market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global welding consumables market.
Detailed Segmentation:
- Global Welding Consumables Market, By Welding Consumables:
- Stick Electrodes
- Solid Wires
- Flux Cored Wires
- SAW Wires & Fluxes
- Others
- Global Welding Consumables Market, By Welding Technique:
- Arc Welding
- Resistance Welding
- Oxy-Fuel Welding
- Laser-Beam Welding
- Ultrasonic Welding
- Others
- Global Welding Consumables Market, By Application:
- Automotive & Transportation
- Building & Construction
- Marine Applications
- Others
- Global Welding Consumables Market, By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Company Profiles:
- Voestalpine AG
- Arcon Welding Equipment
- Colfax Corporation
- Kemppi Oy
- The Lincoln Electric Company
- Tianjin Bridge Welding Materials Co., Ltd.
- Air Liquide
- Fronius International GmbH
- Hyundai Welding Co., Ltd.
- Denyo Co., Ltd.
- Obara Corporation
- Illinois Tool Works Inc
- Panasonic Corporation
- Others
