Market Overview:
The global resistance welding consumables market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for resistance welded products from various end-use industries, such as building and construction, automotive, energy, shipbuilding and aerospace. In addition, the growing demand for advanced resistance welding consumables is also contributing to the growth of this market. The global resistance welding consumables market can be segmented on the basis of type into stick electrodes, solid wires, flux cored wires and SAW (submerged arc) wires & fluxes. On the basis of application, the market can be divided into building & construction; automotive; energy; shipbuilding & marine engineering; aerospace; industrial equipment; and other applications. The North America region is expected to dominate this market during the forecast period followed by Europe and Asia Pacific regions respectively.
Product Definition:
Resistance welding consumables are the electrodes, tips, and other parts of the equipment that contact the workpieces during resistance welding. They are important because they provide a path for current to flow between the workpieces and create the weld.
Stick Electrodes:
Stick electrodes are thin, flexible and insulated metal wires that are used in resistance welding consumables. They have a high growth factor due to the low cost of raw materials such as aluminum and steel. The market is expected to grow at a significant rate owing to their increasing application in joining two or more metals during welding operations.
Solid Wires:
Solid wires are welding electrodes that consist of a single wire with an insulated handle. They are used in resistance welding consumables market for metal fabrication applications. The solid wires have the ability to provide precise and controlled heating which enables welders to produce fine as well as strong welds with high-quality metals such as stainless steel, aluminum, copper alloys and carbon steel.
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 various regions, including Africa, Asia Pacific, and Middle East & Africa is anticipated to boost demand for RWCs. Furthermore, increasing infrastructural development activities in emerging economies of Latin America and Asia Pacific are likely to propel market growth over the forecast period.
Automobile was one of the fastest-growing applications segments owing to rising demand for resistance welding consumables such as electrodes and wires from major manufacturers of automotive components such as General Motors Corporation; Ford Motor Company; Toyota Group; Honda Motor Co., Ltd.; Nissan Motor Co., Ltd.; Mitsubishi Heavy Industrial Limited; Hyundai Auto & Logistics Group Co., Ltd.; Kia Motors Korea Automotive Group ;and Volkswagen AG.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and accounted for a revenue share of over 35%. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing foreign investments in developing countries such as China, India, and Japan. In addition, rising demand for industrial equipment is anticipated to drive the product demand in this region.
The growing shipbuilding industry coupled with increasing spending on construction activities by various governments across Europe is likely to have a positive impact on market growth over the next eight years. However, stringent government regulations regarding VOC emissions are projected to hamper growth during 2024-2030 periods owing to shifting preference towards resistance welding consumables that do not emit toxic fumes while welding metal surfaces together.
Growth Factors:
- Increasing demand for resistance welding consumables from automotive and transportation sector
- Rising demand for lightweight and fuel-efficient vehicles
- Growing popularity of electric vehicles
- Increasing investments in research and development activities by leading players to develop new products
- Rising trend of automation in manufacturing processes
Scope Of The Report
Report Attributes
Report Details
Report Title
Resistance 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
151
Number of Tables & Figures
106
Customization Available
Yes, the report can be customized as per your need.
Global Resistance Welding Consumables Market Report Segments:
The global Resistance 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 Resistance 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 Resistance 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Resistance welding consumables are the materials used to help welders produce a strong joint. These materials can include rods, wire, fluxes and shielding gas.
Some of the major players in the resistance 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 resistance welding consumables market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Resistance 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 Resistance Welding Consumables Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Resistance 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 Resistance 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 Resistance Welding Consumables Market Size & Forecast, 2020-2028
4.5.1 Resistance Welding Consumables Market Size and Y-o-Y Growth
4.5.2 Resistance 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 Resistance 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 Resistance 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 Resistance Welding Consumables Market: Competitive Dashboard
14.2 Global Resistance 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
