Market Overview:
The global laser-beam welding consumables market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for laser-beam welding consumables in various end-use industries, such as building & construction, automotive, energy, shipbuilding and aerospace. In addition, the growing demand for laser-beam welding consumables in emerging economies is also contributing to the growth of this market. On the basis of type, the global laser-beam welding consumables market can be segmented into stick electrodes, solid wires, flux cored wires and SAW (submerged arc) wires & fluxes. Of these segments, stick electrodes accounted for a major share of the global market in 2017 and is expected to maintain its dominance during the forecast period as well. This can be attributed to their high flexibility and low cost as compared with other types of laser beam welding consumables products available in the market. Solid wires are another key type of Laser Beam Welding Consumable that are witnessing high adoption due to their superior properties including weld quality and productivity when compared with traditional methods such as gas tungsten arc welding (GTAW).
Product Definition:
Laser-beam welding consumables are the materials used in the laser beam welding process. They are typically made of tungsten, molybdenum, or copper alloys. These materials are used to form the weld joint and protect the weld area from contamination.
Stick Electrodes:
Stick electrodes are thin, flexible and rigid electrodes used in laser-beam welding. They can be made of different materials such as carbon, copper or fiber. Stick electrode is a single wire or a group of wires that are fixed on the end of an electric stick which is then inserted into the power source to start the welding process.
Solid Wires:
Solid wires and it's usage in laser-beam welding consumables market is expected to witness significant growth over the forecast period. The major factor that propels the growth of this industry includes increasing demand for laser beam welding from construction, automotive & electronics industries.
The solid wires and their counterparts are two main categories used in laser beam welding consumables market which includes gas metal-arc (MMA) wire and electric arc (EAA) wire.
Application Insights:
Building was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The growing construction industry across developing countries such as India, China, and Brazil is anticipated to drive demand for LDW equipment and consumables. In addition, increasing urbanization in developing countries will further boost demand for buildings which will result in higher consumption of welding equipment and consumables.
Automobile was another significant application segment accounting for a share of 15% in 2017 owing to rising automotive production across emerging markets including China, India & Korea. Furthermore, increasing use of laser-beam welders by automobile manufacturers especially Daimler AG., Ford Motor Company LLC., Toyota Motors Corporation., General Motors Company LLC., Nissan Motor Co Ltd.; due to their small size allows easy installation resulting in increased penetration rate among other applications such as industrial machinery or energy generation stations at a global level.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and increasing construction activities in the region. The growth can be attributed to various factors such as growing population, rising disposable income, government initiatives for infrastructure development, and expansion of manufacturing facilities by companies such as Panasonic Corporation; Hyundai Heavy Industries Co., Ltd.; Toyota Industries Corporation; Mitsubishi Electric Factory Automation (MEEFA); and others.
The shipbuilding industry in Asia Pacific has witnessed significant growth over the past few years on account of increasing demand for cruise ships coupled with rising investments by countries like China & South Korea. Increasing demand for large vessels is anticipated to drive market growth over the forecast period.
Growth Factors:
- Increasing demand for laser-beam welding from the automotive and aerospace industries due to its high degree of precision and low manufacturing costs.
- Growing popularity of laser-beam welding among small and medium enterprises (SMEs) due to its ease of use and low cost of ownership.
- Rising demand for laser-beam welding in medical devices, owing to its ability to produce strong, leak-proof seals without damaging the surrounding tissue or organs.
- Proliferation of automated manufacturing processes that require high levels of precision, which can be achieved through laser beam welding technology.
- Technological advancements that result in more compact lasers with higher power outputs, making them suitable for a wider range of applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Laser-Beam Welding Consumables Market Research Report
By Type
Stick Electrodes, Solid Wires, Flux Cored Wires, SAW Wires & Fluxes
By Application
Building, Automobile, Energy, Shipbuilding, Aerospace, Industrial Equipment, Other
By Companies
Voestalpine, Colfax, The Lincoln Electric, Air Liquide, Hyundai Welding, Obara Corporation, Panasonic Corporation, Illinois Tool Works, Denyo, Fronius International, Tianjin Bridge Welding Materials, Kemppi Oy, Arcon Welding Equipment
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
149
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Laser-Beam Welding Consumables Market Report Segments:
The global Laser-Beam Welding Consumables market is segmented on the basis of:
Types
Stick Electrodes, Solid Wires, Flux Cored Wires, SAW Wires & Fluxes
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Building, Automobile, Energy, Shipbuilding, Aerospace, Industrial Equipment, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Voestalpine
- Colfax
- The Lincoln Electric
- Air Liquide
- Hyundai Welding
- Obara Corporation
- Panasonic Corporation
- Illinois Tool Works
- Denyo
- Fronius International
- Tianjin Bridge Welding Materials
- Kemppi Oy
- Arcon Welding Equipment
Highlights of The Laser-Beam Welding Consumables Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Stick Electrodes
- Solid Wires
- Flux Cored Wires
- SAW Wires & Fluxes
- By Application:
- Building
- Automobile
- Energy
- Shipbuilding
- Aerospace
- Industrial Equipment
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Laser-Beam Welding Consumables Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Laser-beam welding consumables are the materials and equipment used to produce welds with a laser beam. These consumables include the laser, power supply, optics, and control system.
Some of the major players in the laser-beam welding consumables market are Voestalpine, Colfax, The Lincoln Electric, Air Liquide, Hyundai Welding, Obara Corporation, Panasonic Corporation, Illinois Tool Works, Denyo, Fronius International, Tianjin Bridge Welding Materials, Kemppi Oy, Arcon Welding Equipment.
The laser-beam welding consumables market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Laser-Beam Welding Consumables Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Laser-Beam Welding Consumables Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Laser-Beam Welding Consumables Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Laser-Beam Welding Consumables Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Laser-Beam Welding Consumables Market Size & Forecast, 2020-2028
4.5.1 Laser-Beam Welding Consumables Market Size and Y-o-Y Growth
4.5.2 Laser-Beam Welding Consumables Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Stick Electrodes
5.2.2 Solid Wires
5.2.3 Flux Cored Wires
5.2.4 SAW Wires & Fluxes
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Building
6.2.2 Automobile
6.2.3 Energy
6.2.4 Shipbuilding
6.2.5 Aerospace
6.2.6 Industrial Equipment
6.2.7 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Laser-Beam Welding Consumables Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Laser-Beam Welding Consumables Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Stick Electrodes
9.6.2 Solid Wires
9.6.3 Flux Cored Wires
9.6.4 SAW Wires & Fluxes
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Building
9.10.2 Automobile
9.10.3 Energy
9.10.4 Shipbuilding
9.10.5 Aerospace
9.10.6 Industrial Equipment
9.10.7 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Stick Electrodes
10.6.2 Solid Wires
10.6.3 Flux Cored Wires
10.6.4 SAW Wires & Fluxes
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Building
10.10.2 Automobile
10.10.3 Energy
10.10.4 Shipbuilding
10.10.5 Aerospace
10.10.6 Industrial Equipment
10.10.7 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Stick Electrodes
11.6.2 Solid Wires
11.6.3 Flux Cored Wires
11.6.4 SAW Wires & Fluxes
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Building
11.10.2 Automobile
11.10.3 Energy
11.10.4 Shipbuilding
11.10.5 Aerospace
11.10.6 Industrial Equipment
11.10.7 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Stick Electrodes
12.6.2 Solid Wires
12.6.3 Flux Cored Wires
12.6.4 SAW Wires & Fluxes
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Building
12.10.2 Automobile
12.10.3 Energy
12.10.4 Shipbuilding
12.10.5 Aerospace
12.10.6 Industrial Equipment
12.10.7 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Stick Electrodes
13.6.2 Solid Wires
13.6.3 Flux Cored Wires
13.6.4 SAW Wires & Fluxes
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Building
13.10.2 Automobile
13.10.3 Energy
13.10.4 Shipbuilding
13.10.5 Aerospace
13.10.6 Industrial Equipment
13.10.7 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Laser-Beam Welding Consumables Market: Competitive Dashboard
14.2 Global Laser-Beam Welding Consumables Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Voestalpine
14.3.2 Colfax
14.3.3 The Lincoln Electric
14.3.4 Air Liquide
14.3.5 Hyundai Welding
14.3.6 Obara Corporation
14.3.7 Panasonic Corporation
14.3.8 Illinois Tool Works
14.3.9 Denyo
14.3.10 Fronius International
14.3.11 Tianjin Bridge Welding Materials
14.3.12 Kemppi Oy
14.3.13 Arcon Welding Equipment
