Welding Consumables Market: Growth Drivers, Key Players, and Market Forecast to 2024

The Welding Consumables Market sector is undergoing significant transformation, with substantial growth and technological advancements expected by 2032. According to a new in-depth market research report, the sector is poised for expansion, driven by various factors such as market size, share, and emerging trends.

This comprehensive report provides key insights into the Welding Consumables Market, exploring critical market segmentation and definitions. It highlights the essential components driving growth, offering a clear picture of the industry’s trajectory. Utilizing SWOT and PESTEL analyses, the report evaluates the market’s strengths, weaknesses, opportunities, and threats, while also considering political, economic, social, technological, environmental, and legal factors that impact the market landscape.

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Market Summary:

The global welding consumables market size was valued at USD 12.98 billion in 2023. The market is projected to grow from USD 13.40 billion in 2024 to USD 19.95 billion by 2032, exhibiting a CAGR of 5.1% during the forecast period.

Recent industry developments are;

• Miller Electric Mfg. LLC, which is considered as one of the prominent manufacturers of welding equipment and consumable products, has recently unveiled its Copilot collaborative welding system. This system will enable welders to achieve better quality of welding and optimize the use of consumables enabling the users to meet with augmented demand.
• Lincoln Electric, which is engaged in development, manufacturing, and supply of welding equipment and consumables across diverse geographies, has increased diversity in its existing product portfolio by offering Hyperfill solutions into its Flux-Cored wire applications.
• Miller Electric Mfg., which offers arc welding equipment under its brand name Miller, has recently announced that the company is venturing into a collaboration with NCCER (National Center for Construction Education & Research). The collaboration efforts will provide NCCER welding level 1 and 2 to integrate its augmented reality welding system.
• Lincoln Electric, which is a U.S. based provider of welding consumables and equipment, has recently launched its newly developed Power MIG 215 MPi Multi-Process Welder. The welder is designed to have economical advantage and also does have a robust design.
• ESAB Welding launched the new Cored Wire Welders/EM 210 MIG and EMP 210 MIG/TIG Welders/Sticks. These inverter-based power supplies are compact yet provide professional-grade power and performance for most car/truck repair and restoration, light duty manufacturing and construction, and HVAC operations.

Browse Detailed TOC, Tables and Figures with Charts which is spread across 100+ Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.

Major Players:

Lincoln Electric (U.S.), KOBE STEEL, LTD (Japan), ESAB (U.S.), CS HOLDINGS CO., LTD. (Korea), Hyundai Welding Co., Ltd (U.S.), Panasonic Corporation (U.S.), Fronius International GmbH (Austria), RME MIDDLE EAST (UAE), voestalpine BÖHLER Edelstahl GmbH (Austria), Tianjin Golden Bridge Welding Materials Group International Trading Co., Ltd. (China)

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Welding Consumables Market Segmentation:

By Type

• Stick Electrodes
• Solid Wires
• Flux-cored Wires
• SAW Wires & Fluxes

By Welding Technique

• Arc Welding
• Resistance Welding
• Oxy-fuel Welding
• Solid State Welding
• Others (Electron Beam Welding)

By Application

• Automotive
• Building & Construction
• Heavy Engineering
• Railway & Shipbuilding
• Oil & Gas
• Others (Aerospace)

Reasons to purchase this report:

This report offers a detailed analysis of the competitive landscape, emerging growth areas, market conditions, and key trends within the Welding Consumables Market. It helps businesses identify expansion opportunities while addressing potential risks and challenges. By assessing product portfolios and business segments, the report provides valuable insights that guide stakeholders in formulating informed investment and market strategies.

The in-depth understanding of industry dynamics presented in the report supports the creation of effective strategies for success in the Welding Consumables Market, greatly enhancing decision-making. Overall, this report is an essential resource for those looking to stay updated in this rapidly evolving industry.

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Drivers & Restraints:

• Drivers:
  • Increasing demand for welding applications in various industries, including construction, automotive, and manufacturing.
  • Technological advancements in welding techniques and materials, enhancing the performance and efficiency of consumables.
• Restraints:
  • Fluctuations in raw material prices impacting production costs of welding consumables.
  • Stringent regulations regarding emissions and safety standards affecting product formulation and market dynamics.

Table of Contents:

• Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
• Executive Summary
• Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
• Key Insights
  • Key Industry Developments – Merger, Acquisitions, and Partnerships
  • Porter’s Five Forces Analysis
  • SWOT Analysis
  • Technological Developments
  • Value Chain Analysis

TOC Continued…!

Welding Consumables Market Regional Segmentation:

• North America (By Type, By Welding Technique, By Application, and By Country)
  • U.S. (By Type)
  • Canada (By Type)
• Europe (By Type, By Welding Technique, By Application, and By Country)
  • U.K. (By Type)
  • Germany (By Type)
  • France (By Type)
  • Italy (By Type)
  • Spain (By Type)
  • Rest of Europe
• Asia Pacific (By Type, By Welding Technique, By Application, and By Country)
  • China (By Type)
  • Japan (By Type)
  • India (By Type)
  • Southeast Asia (By Type)
  • Rest of Asia Pacific
• Middle East and Africa (By Type, By Welding Technique, By Application, and By Country)
  • GCC Countries (By Type)
  • South Africa (By Type)
  • Rest of Middle East and Africa
• Latin America (By Type, By Welding Technique, By Application, and By Country)
  • Brazil (By Type)
  • Mexico (By Type)
  • Rest of Latin America

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