US Welding Consumables Market Size, Share, Trends, and Forecast

The U.S. welding consumables market size was valued at USD 2.43 billion in 2021. The market is projected to grow from USD 2.50 billion in 2022 to USD 3.31 billion by 2029, exhibiting a CAGR of 4.1% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with welding consumables experiencing lower-than-anticipated demand across the country compared to pre-pandemic levels. Based on our analysis, the U.S. market had exhibited a decline of -1.5% in 2020 as compared to 2019.

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U.S. Welding Consumables Market Share, Size & COVID-19 Impact Analysis, By Type (Stick Electrodes, Solid Wires, Flux-cored Wires, SAW Wires & Fluxes), By Application (Heavy Engineering, Automotive and Transportation, Railways, Construction, Shipbuilding, and Others), and Forecast Between, 2022-2029

Top Companies of US welding consumables market:

• Illinois Tool Works Inc. (Illinois, U.S.)
• Kiswel Inc. (Florence, U.S.)
• The Lincoln Electric Company (Ohio, U.S)
• Selectrode Industries, Inc. (New York, U.S.)
• Colfax Corporation (Delaware, U.S.)
• voestalpine Böhler Welding Group GmbH (Kapfenberg, Austria)
• Kobe Steel, Ltd. (Hyogo, Japan)
• Fronius International GmbH (Wels, Austria)
• Linde plc (Guildford, U.K.)
• Welding Alloys (Hertfordshire, U.K.)

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US Welding Consumables Market Drivers and restrains:

• Driver: Growing Industrial Manufacturing SectorThe expansion of the industrial manufacturing sector in the US, including automotive, aerospace, and construction industries, drives the demand for welding consumables to support diverse welding applications and processes.
• Driver: Technological Advancements in WeldingInnovations in welding technology, such as advancements in welding consumable materials and improved welding techniques, enhance the efficiency and performance of welding processes, boosting the market for welding consumables.
• Driver: Increasing Infrastructure DevelopmentThe rising infrastructure development and maintenance projects in the US, including bridges, highways, and buildings, contribute to the demand for welding consumables used in various construction and repair applications.
• Restraint: Volatility in Raw Material PricesFluctuations in the prices of raw materials used in welding consumables, such as metals and alloys, can impact production costs and market pricing, affecting overall market stability and profitability.
• Restraint: High Operational and Maintenance CostsWelding operations can incur high costs related to equipment maintenance and consumable replenishment, which may pose challenges for businesses in managing operational expenses and impact market growth.

Reasons to buy this report:

This report provides a detailed analysis of the current market status, trends, growth segments, and competitive dynamics in the US welding consumables market. It enables businesses to identify opportunities for growth and development while also highlighting potential challenges and risks. By evaluating business segments and product portfolios, the report enables stakeholders to make more informed market strategies and investments.

A thorough understanding of the industry dynamics outlined in the report can significantly improve decision-making and facilitate the development of effective success strategies in the US welding consumables market. Overall, this report is an excellent resource for those seeking in-depth information about this rapidly changing industry.

Regional Atributes:

• Heavy Engineering
• Automotive and Transportation
• Railways
• Construction
• Shipbuilding
• Others (Oil & Energy, Aerospace & Defense)

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…!

Industry developments of US welding consumables market:

• Welding Alloys Group, in collaboration with Intellegens Limited, focused on machine learning to engineer face hard-face welding consumables for the former.
• As a part of the ‘Excalibur SMAW (stick) electrode series’, the Lincoln Electric Company introduced ‘Excalibur® 7018 XMR’, a low-hydrogen stick electrode that is utilized for all-purpose fabrication across industries including, shipbuilding, structural, chemical processing and pipeline.

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About Us:

Fortune Business Insights is dedicated to providing clients worldwide with a unique combination of qualitative and quantitative market research reports. We assist both international and domestic businesses in optimizing their operations by providing comprehensive market insights and accurate forecasts. Our reports cover all critical aspects of the market, providing valuable insights and projections to clients around the world.

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