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Welding Consumables Market Share, Growth, and Opportunities By 2024

Explore Welding Consumables Market growth, share, and key opportunities driving the industry by 2024. Analyze market trends and the latest developments.

Explore the Latest Insights in the Welding Consumables Market!

A new report from Fortune Business Insights™ titled Welding Consumables Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032 provides a comprehensive analysis of the Welding Consumables Market landscape. This report includes competitor and regional analyses, along with the latest advancements in the market.

Inside, you’ll find a detailed table of contents, figures, tables, and charts, complemented by insightful commentary. The Welding Consumables Market sector has seen remarkable growth recently, driven by increasing product demand, a growing customer base, and technological innovations. This report thoroughly examines the Welding Consumables Market, covering market size, trends, key drivers and constraints, competitive dynamics, and future growth prospects. Our goal is to delve deep into the industry to understand its dynamics and economic potential.

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Market Summary:

The “Welding Consumables Market Research Report Overview by 2024” market size is reached USD 12.61 billion by 2022 and it is expected to reach USD 17.66 billion by 2030 between the forecast period and expected Compound annual growth rate of 4.5% between the forcast period by (2022-2030).

The Welding Consumables Market has experienced significant growth, supported by various factors like rising product demand, an expanding customer base, and technological advancements. This report delivers an in-depth analysis of the market, including insights on market size, trends, key drivers and challenges, competitive dynamics, and future growth opportunities.

Top Companies in the Welding Consumables Market:

Here are some leading manufacturers in the sector:

  • 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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Segmentation:

Welding Consumables Market Size, Share & COVID-19 Impact Analysis, By Type (Stick Electrodes, Solid Wires, Flux-cored Wires, and SAW Wires & Fluxes), By Welding Technique (Arc Welding, Resistance Welding, Oxy-fuel Welding, Solid State Welding, and Others (Electron Beam Welding)), By Application (Automotive, Building & Construction, Heavy Engineering, Railway & Shipbuilding, Oil & Gas, and Others (Aerospace)), and Regional Forecast, 2023-2030

Market Coverage:

  • Market Trends
  • Market Segmentation by Segment
  • Market Segmentation by Region
  • Price Analysis
  • Impact of COVID-19
  • Market Forecast

This report provides insights into the market landscape, broken down by sub-regions and countries. It highlights potential profit opportunities alongside market share and growth rates for each region.

Regional Analysis:

  • 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

Report Highlights:

  • Key growth drivers and challenges for the market.
  • Comprehensive overview of regional developments.
  • List of major industry players.
  • Strategies adopted by key market players.
  • Recent developments, including product launches and mergers.

The report also discusses limiting factors and the regional industrial presence that may impact market growth trends beyond 2032. Our market research aims to provide a thorough understanding of the industry’s potential and equip companies with the insights they need to make informed decisions. The Welding Consumables Market Report spans over 100+ pages and includes a detailed table of contents, figures, tables, graphs, and extensive analysis.

Table of Contents:

  1. Introduction
  2. Research Scope
  3. Market Segmentation
  4. Research Methodology
  5. Definitions and Assumptions
  6. Executive Summary
  7. Market Dynamics
  8. Market Drivers
  9. Market Restraints
  10. Market Opportunities
  11. Key Insights
  12. Industry Developments (Mergers, Acquisitions, Partnerships)
  13. Porter’s Five Forces Analysis
  14. SWOT Analysis
  15. Technological Developments
  16. Value Chain Analysis

TOC Continued…!

Industry Developments:

  • 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.

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