The global welding consumables market size was estimated to be US$ 11.9 billion in 2020 and is expected to reach US$ 17.1 billion by 2031 at a CAGR of 3.3%.
Welding strategies enjoy numerous upper hands over conventional approaches, for example, riveting, which is relied upon to paint a positive picture for the demand for welding consumables. Welding is supported considering its tough and generally malleable joints, low manpower expenses, and simplicity of welded part production.
In the automobile and related industry, welding consumables are utilized in the manufacturing of lightweight as well as large vehicle parts. Welding consumables are the chemical substance and filler metals that are used during the process of welding. In this cycle, filler metals are liquefied to frame a solid joint between two metals, though the transition helps in prohibiting the oxidation of hot metals. Enhancements in the security features of vehicles, alongside developing car plans, have elevated the trade activity of automobile, accordingly, endorsing the development of the welding consumables market since past few decades.
Welding consumables are broadly utilized in the making of top caliber and lightweight vehicle parts. Recent melioration of aviation and defense sector are relied upon to be the key market difficulties for coming years. Asia-Pacific is expected to show the most notable development rate during the forecast period of 2023-2032.
In virtue of quick urbanization and industrialization, particularly in the arising economies like China, India, South Korea, and Southeast Asia. Moreover, government initiatives and advancement towards environmentally friendly power and foreign direct investments (FDI) in sun based/solar power, thermal, and wind energy sectors is relied upon to build welding consumables market development if the forecast period of 2023-2032 is considered.
Global Welding Consumables Market Value Share Analysis, by Geography (2022)
The report titled “Global Welding Consumables Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032”, wherein 2021 is the historic period, 2022 is the base year, and 2023 to 2032 is the forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the Global Welding Consumables Market.
Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global Welding Consumables market is segmented based on Product, Welding technique, End use Type, and region. Based on product, the Welding Consumables market is segmented into Stick Electrodes, Solid Wires, Flux Cored Wires, SAW Wires and Fluxes, Others Based on Welding technique, the Welding Consumables market is segmented into Arc, Oxyfuel, Resistance, Ultrasonic, Others. Based on End use Type, the Welding Consumables market is segmented into Construction, Automobile, Energy, Shipbuilding, Aerospace, Industrial Equipment, Others.
Based on geography, the Global Welding Consumables Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is sub-segmented into the United States, Canada, and Rest of North America. Europe is sub-segmented into Germany, United Kingdom, Italy, France, Spain, and Rest of Europe. Asia Pacific is sub-segmented into China, Japan, India, Australia, and Rest of Asia Pacific. Middle East & Africa is sub-segmented into Saudi Arabia, UAE, South Africa, and Rest of Middle East & Africa. South America is sub-segmented into Brazil and Rest of South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on Global Welding Consumables Market. Further, market share of prominent companies in the Global Welding Consumables Market would also be estimated.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the Welding Consumables companies. The Global Welding Consumables Market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution.
Product portfolio would focus on all the products under the Welding Consumables business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the Global Welding Consumables Market.
The key players of the Global Welding Consumables Market are Voestalpine AG, Colfax Corporation, The Lincoln Electric Company, Air Liquide, Hyundai Welding Co., Ltd., Obara Corporation, Panasonic Corporation, Illinois Tool Works Inc., Denyo Co., Ltd., Fronius International GmbH, Tianjin Bridge Welding Materials Co., Ltd., Kemppi Oy, Arcon Welding Equipment, etc.
Global Welding Consumables Market Key Segments:
By Product Type
By welding technique Type
By End use
The global Welding Consumables market was worth US$ 11.9 billion in 2020.
The global Welding Consumables market is expected to register a CAGR of 3.3% between 2022 and 2032.
Voestalpine AG, Colfax Corporation, The Lincoln Electric Company, Air Liquide, Hyundai Welding Co., Ltd., Obara Corporation, Panasonic Corporation are few prominent players active in the market.
Asia-Pacific is the principal contributor to the global Welding Consumables market.
The end-use segments in Welding Consumables market are Construction, Automobile, Energy, Shipbuilding, Aerospace and Industrial Equipment .
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