Market Overview:
The global welding consumables market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the welding consumables market can be attributed to the increasing demand for welded products from various end-use industries, such as aerospace & defense, automotive & transportation, construction, energy, heavy machinery and shipbuilding. In addition, the growing demand for advanced welding technologies is also contributing to the growth of this market. Based on type, the global welding consumables market can be segmented into stick electrodes, solid wires flux cored wires and SAW wires & fluxes. Stick electrodes are projected to account for a major share of this market in 2018 owing to their low cost and easy availability across regions.
Product Definition:
Welding consumables are the materials that are used in the welding process. They include the electrodes, filler metals, and shielding gases. The electrodes create the weld pool and provide the heat to melt the base metal. The filler metals add strength to the weld joint. The shielding gases protect against oxidation and contamination of the weld pool.
Stick Electrodes:
Stick electrodes are thin, flexible and insulated metal wires that are used in welding applications. They can be made from different metals such as stainless steel, aluminum or copper. The selection of the material is based on the type of weld to be performed by the product. Stick electrodes have a high demand owing to their flexibility which allows them to conform easily while welding and also helps in avoiding any unwanted heating during operations thus improving efficiency.
Solid Wires:
Solid wires are also known as solid core wires or simply core wire. It is a single, insulated electrical conductor that is wound around a cylindrical or polymeric former and then soldered to another conductor for use in an electric arc welding process.
Application Insights:
The aerospace and defense application segment led the market in 2017. The growth of this segment can be attributed to increasing demand for high-performance consumables that offer enhanced efficiency and superior quality in various applications, including structural repairs, aircraft interior refurbishing & replacement, engine maintenance & upgrade work, and others. In addition to being one of the largest consumers globally, major players such as United States Steel Corporation (USSC), ArcelorMittal Dofasco Ltd., JFE Holdings Inc., Nippon Steel & Sumitomo Metal Corp., HeidelbergCement North America LLC are major producers globally.
Automotive & transportation is estimated to be the fastest-growing application over the forecast period owing to rising automotive production across regions coupled with a growing preference for using lightweight materials during vehicle manufacturing.
Regional Analysis:
Asia Pacific accounted for the largest share in 2016 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Malaysia. Increasing demand for industrial equipment in these countries on account of rapid industrialization and rising manufacturing activities are projected to have a positive impact on industry growth over the next eight years.
Europe was another significant market that accounted for around 20% of total revenue share in 2016 owing to high penetration rates of advanced welding processes across various industries such as aerospace & defense, automotive & transportation, heavy machinery among others.
The Middle East & Africa (MEA) region has witnessed tremendous growth opportunities owing both domestic level government policies as well as global economic conditions have influenced purchasing power parity (PPP) levels across countries such as Saudi Arabia.
Growth Factors:
- Increasing demand for welding consumables from the automotive and aerospace industries
- Growing popularity of automated welding processes
- Rising investments in infrastructure development projects
- Proliferation of online sales channels for welding consumables
- Technological advancements in welding consumables
Scope Of The Report
Report Attributes
Report Details
Report Title
Welding Consumables Market Research Report
By Type
Stick Electrodes, Solid Wires, Flux Cored Wires, SAW Wires & Fluxes
By Application
Aerospace & Defense, Automotive & Transportation, Construction, Energy, Heavy Machinery, Shipbuilding, Process, Others
By Companies
Colfax, Fronius International, Hyundai Welding, Illinois Tool Works, Kemppi, Obara, Panasonic, The Lincoln Electric, Tianjin Bridge Welding Materials, Voestalpine Bohler Welding
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Welding Consumables Market Report Segments:
The global 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
Aerospace & Defense, Automotive & Transportation, Construction, Energy, Heavy Machinery, Shipbuilding, Process, Others
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:
- Colfax
- Fronius International
- Hyundai Welding
- Illinois Tool Works
- Kemppi
- Obara
- Panasonic
- The Lincoln Electric
- Tianjin Bridge Welding Materials
- Voestalpine Bohler Welding
Highlights of The 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:
- Aerospace & Defense
- Automotive & Transportation
- Construction
- Energy
- Heavy Machinery
- Shipbuilding
- Process
- Others
- 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 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
Welding consumables are the materials used in welding, such as rods, wire, fluxes and shielding gas.
Some of the key players operating in the welding consumables market are Colfax, Fronius International, Hyundai Welding, Illinois Tool Works, Kemppi, Obara, Panasonic, The Lincoln Electric, Tianjin Bridge Welding Materials, Voestalpine Bohler Welding.
The welding consumables market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Welding Consumables Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Welding Consumables Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Welding Consumables Market - Supply Chain
4.5. Global Welding Consumables Market Forecast
4.5.1. Welding Consumables Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Welding Consumables Market Size (000 Units) and Y-o-Y Growth
4.5.3. Welding Consumables Market Absolute $ Opportunity
5. Global Welding Consumables Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Welding Consumables Market Size and Volume Forecast by Type
5.3.1. Stick Electrodes
5.3.2. Solid Wires
5.3.3. Flux Cored Wires
5.3.4. SAW Wires & Fluxes
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Welding Consumables Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Welding Consumables Market Size and Volume Forecast by Application
6.3.1. Aerospace & Defense
6.3.2. Automotive & Transportation
6.3.3. Construction
6.3.4. Energy
6.3.5. Heavy Machinery
6.3.6. Shipbuilding
6.3.7. Process
6.3.8. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Welding Consumables Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Welding Consumables Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Welding Consumables Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Welding Consumables Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Welding Consumables Demand Share Forecast, 2019-2029
9. North America Welding Consumables Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Welding Consumables Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Welding Consumables Market Size and Volume Forecast by Application
9.4.1. Aerospace & Defense
9.4.2. Automotive & Transportation
9.4.3. Construction
9.4.4. Energy
9.4.5. Heavy Machinery
9.4.6. Shipbuilding
9.4.7. Process
9.4.8. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Welding Consumables Market Size and Volume Forecast by Type
9.7.1. Stick Electrodes
9.7.2. Solid Wires
9.7.3. Flux Cored Wires
9.7.4. SAW Wires & Fluxes
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Welding Consumables Demand Share Forecast, 2019-2029
10. Latin America Welding Consumables Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Welding Consumables Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Welding Consumables Market Size and Volume Forecast by Application
10.4.1. Aerospace & Defense
10.4.2. Automotive & Transportation
10.4.3. Construction
10.4.4. Energy
10.4.5. Heavy Machinery
10.4.6. Shipbuilding
10.4.7. Process
10.4.8. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Welding Consumables Market Size and Volume Forecast by Type
10.7.1. Stick Electrodes
10.7.2. Solid Wires
10.7.3. Flux Cored Wires
10.7.4. SAW Wires & Fluxes
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Welding Consumables Demand Share Forecast, 2019-2029
11. Europe Welding Consumables Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Welding Consumables Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Welding Consumables Market Size and Volume Forecast by Application
11.4.1. Aerospace & Defense
11.4.2. Automotive & Transportation
11.4.3. Construction
11.4.4. Energy
11.4.5. Heavy Machinery
11.4.6. Shipbuilding
11.4.7. Process
11.4.8. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Welding Consumables Market Size and Volume Forecast by Type
11.7.1. Stick Electrodes
11.7.2. Solid ires
11.7.3. Flux Cored Wires
11.7.4. SAW Wires & Fluxes
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Welding Consumables Demand Share, 2019-2029
12. Asia Pacific Welding Consumables Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Welding Consumables Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Welding Consumables Market Size and Volume Forecast by Application
12.4.1. Aerospace & Defense
12.4.2. Automotive & Transportation
12.4.3. Construction
12.4.4. Energy
12.4.5. Heavy Machinery
12.4.6. Shipbuilding
12.4.7. Process
12.4.8. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Welding Consumables Market Size and Volume Forecast by Type
12.7.1. Stick Electrodes
12.7.2. Solid Wires
12.7.3. Flux Cored Wires
12.7.4. SAW Wires & Fluxes
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Welding Consumables Demand Share, 2019-2029
13. Middle East & Africa Welding Consumables Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Welding Consumables Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Welding Consumables Market Size and Volume Forecast by Application
13.4.1. Aerospace & Defense
13.4.2. Automotive & Transportation
13.4.3. Construction
13.4.4. Energy
13.4.5. Heavy Machinery
13.4.6. Shipbuilding
13.4.7. Process
13.4.8. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Welding Consumables Market Size and Volume Forecast by Type
13.7.1. Stick Electrodes
13.7.2. Solid Wires
13.7.3. Flux Cored Wires
13.7.4. SAW Wires & Fluxes
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Welding Consumables Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Welding Consumables Market: Market Share Analysis
14.2. Welding Consumables Distributors and Customers
14.3. Welding Consumables Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Colfax
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Fronius International
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Hyundai Welding
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Illinois Tool Works
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Kemppi
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Obara
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Panasonic
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. The Lincoln Electric
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Tianjin Bridge Welding Materials
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Voestalpine Bohler Welding
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
