Underwater Welding Consumable Market Outlook from 2024 to 2034
The global underwater welding consumable market size reached US$ 2,261.9 million in 2023. Over the forecast period, global underwater welding consumable demand is anticipated to rise at 6.2% CAGR. The market is expected to increase from US$ 2,402.2 million in 2024 to US$ 4,383.8 million in 2034.
Demand for underwater welding consumables is projected to remain high in the oil & gas industry. The oil & gas segment is projected to thrive at 5.7% CAGR during the assessment period.
Underwater Welding Consumable Market Overview
Increasing offshore oil & gas exploration and production investments is expected to boost the market.
Aging infrastructure below and above the waterline necessitates consistent maintenance, repair, and construction, further boosting demand for reliable consumables.
Advancements in underwater welding techniques and development of high-performance consumables contribute to the market's expansion. It helps in ensuring more effective and durable welding solutions in challenging aquatic environments.
Adoption of advanced materials for consumables, such as specialized alloys and coatings, is rising, enhancing corrosion resistance and overall welding performance.
Automation and robotic solutions are becoming prevalent, optimizing efficiency and safety in underwater welding operations.
Sustainability trends drive the development of eco-friendly consumables, aligning with environmental regulations and industry standards.
As key players continue to invest in research & development, the underwater welding consumable market is positioned for sustained expansion. It is expected to offer indispensable solutions for welding challenges beneath the water surface.
Attributes
Key Insights
Underwater Welding Consumable Market Size in 2023
US$ 2,261.9 million
Estimated Underwater Welding Consumable Market Value (2024)
The global underwater welding consumable market is projected to expand over 1.8x through 2034, amid a 2.8% increase in expected CAGR compared to the historical one. This is due to rising demand in offshore industries, growth in the renewable energy sector, and infrastructure development.
North America Shows Considerable Underwater Welding Consumable Market Growth
North America is poised to direct the underwater welding consumable market, projecting a substantial 32.4% share by 2034. This dominance can be attributed to several key factors.
North America is experiencing a surge in offshore energy exploration and production, particularly in the Gulf of Mexico.
Increasing investment in oil & gas projects necessitates underwater welding for pipeline installations, repairs, and maintenance, driving demand for consumables.
Aging underwater infrastructure, such as bridges and ports, requires consistent maintenance and repair, further boosting the market.
Presence of advanced technologies and a well-established industrial infrastructure in North America enhances the adoption of cutting-edge underwater welding techniques, fostering growth.
The region's stringent safety and environmental regulations drive the use of high-quality consumables for underwater welding operations.
2019 to 2023 Underwater Welding Consumable Market Outlook Vs. 2024 to 2034
Global sales of underwater welding consumables grew at a CAGR of 3.4% between 2019 and 2023. The market reached US$ 2,261.9 million in 2023.
Historical CAGR (2019 to 2023)
3.4%
Forecast CAGR (2024 to 2034)
6.2%
Growth of offshore sectors, including oil & gas exploration, construction, maritime transportation, and renewable energy projects, has increased demand for reliable, long-lasting underwater welding consumables.
New underwater welding consumables have been developed due to advancements in metallurgy, materials science, and welding technologies. These offer enhanced performance characteristics like higher deposition rates, better arc stability, and improved corrosion resistance.
Manufacturers focused on creating environmentally friendly welding consumables due to increasing environmental awareness. This included minimizing waste, emissions, and pollutants in underwater welding operations using eco-friendly materials, coatings, and production processes.
Between 2019 and 2023, the global underwater welding consumable market faced sluggish growth due to economic uncertainties, project delays, and oil & gas exploration downturn.
Stringent safety regulations added challenges, hampering project approvals and execution.
In the forecast period, the global underwater welding consumable industry is set to thrive at a CAGR of 6.2%. Over the forecast period, the global underwater welding consumable market is poised to exhibit healthy growth, totaling a valuation of US$ 4,383.8 million by 2034.
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Key Market Dynamics
Expanding Marine Infrastructure
The global expansion of marine infrastructure is a key driver propelling demand for underwater welding consumables. As maritime activities continue to surge, with a particular focus on ports and offshore wind farms, the necessity for reliable underwater welding solutions intensifies.
Ports serve as crucial hubs for international trade, demanding constant construction and maintenance to accommodate growing shipping needs. Development of offshore wind farms, a sustainable energy frontier, necessitates the deployment of underwater welding consumables. These are set to be mainly used for installing, repairing, and maintaining submerged structures.
Aging Underwater Structures
The aging of underwater structures, such as bridges and pipelines, is driving demand for underwater welding consumables. These critical infrastructures require regular maintenance and repair to ensure structural integrity and prevent leaks. Welding plays a crucial role in rejuvenating and reinforcing these structures.
Global Demand for Offshore Oil and Gas Expands
The escalating global demand for energy is a primary driver propelling substantial investments in offshore oil and gas exploration. It is catalyzing a heightened need for underwater welding consumables.
As the world's population grows, so does the thirst for energy resources, prompting the exploration and extraction of hydrocarbons from offshore reserves. This surge in offshore activities necessitates using advanced and reliable underwater welding solutions. These are used for constructing, repairing, and maintaining critical infrastructure, such as subsea pipelines and drilling platforms.
Underwater welding consumables play a pivotal role in facilitating the structural integrity of submerged installations. As technological advancements continue to enhance the capabilities of underwater welding, consumables used in these operations become indispensable components of the exploration and extraction process.
Underwater welding services are less popular due to the high initial consumable and equipment costs required to survive the harsh marine environment.
Underwater welding poses risks due to poor visibility, high pressure, and submerged hazards, making it difficult for companies to enter the market.
Underwater welding operations require strict environmental rules, costly licenses, and complex projects. These potentially discourage investment and industry expansion due to environmental concerns.
The global shortage of certified underwater welders is set to cause increased labor costs and competition. It is set to potentially limit the capacity and scalability of underwater welding services and hinder industry expansion.
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Comparative View of Adjacent Underwater Welding Consumable Markets
The global underwater welding consumable market is influenced by related markets in industrial automation, such as the laser welding equipment market and the underwater welding equipment market. Analyzing these industries can provide valuable insights for developing strategies to drive growth and opportunities in the underwater welding consumable market.
Underwater Welding Consumable Market:
Attributes
Underwater Welding Consumable Market
CAGR (2024 to 2034)
6.2%
Growth Factor
Increasing investments in offshore oil, gas, and renewable energy projects are expected to drive demand for underwater welding consumables, supporting construction, repair, and maintenance activities in subaquatic environments.
Key Underwater Welding Consumable Trend
Utilization of advanced materials, such as specialized alloys and coatings, in underwater welding consumables is gaining traction, addressing challenges such as corrosion and improving welding performance.
Laser Welding Equipment Market:
Attributes
Laser Welding Equipment Market
CAGR (2024 to 2034)
5.7%
Growth Factor
Laser welding technology is gaining popularity in emerging industries like EVs, renewable energy, consumer electronics, and additive manufacturing due to lightweight construction, miniaturization, component integration, and high-performance materials.
Key Trend
Demand for energy-efficient laser welding equipment is on the rise due to sustainability and environmental concerns, with manufacturers developing advanced sources and intelligent control systems.
Underwater Welding Equipment Market:
Attributes
Underwater Welding Equipment Market
CAGR (2024 to 2034)
5.3%
Growth Factor
Automation and robotics are revolutionizing underwater welding operations, enabling faster, more precise, and repeatable welds while reducing human divers' needs in hazardous environments. Advanced sensors, cameras, and control systems enhance productivity, quality, and safety.
Key Trend
Demand for portable, lightweight underwater welding equipment is increasing, enabling efficient and cost-effective operations in diverse marine environments, particularly in remote or offshore locations.
Country-wise Insights
The table below highlights key countries’ underwater welding consumable market revenues. The United States, China, Germany, and India are expected to remain the key customers of underwater welding consumables, with expected valuations of US$ 766.9 million, US$ 632.3 million, US$ 360.2 million, and US$ 333.8 million, respectively, in 2034.
Countries
Market Revenue (2034)
United States
US$ 766.9 million
China
US$ 632.3 million
Germany
US$ 360.2 million
India
US$ 333.8 million
Japan
US$ 235.7 million
United Kingdom
US$ 194.4 million
The table below shows the estimated growth rates of several countries in the market. Japan, India, and the United Kingdom are set to record CAGRs of 7.9%, 7.1%, and 6.9%, respectively, through 2034.
Countries
Projected CAGR (2024 to 2034)
Japan
7.9%
India
7.1%
United Kingdom
6.9%
China
6.7%
Germany
6.1%
United States
5.9%
Rising Focus on Technological Advancements to Surge Demand in the United States
Sales of underwater welding consumables in the United States are projected to soar at a CAGR of around 5.9% during the assessment period. Total valuation in the country is anticipated to reach US$ 766.9 million by 2034, driven by factors like:
Technological advancements in underwater welding techniques and materials add momentum to the market's growth trajectory.
As the United States strengthens its position in the global economy, the underwater welding consumable market benefits from increased investments. It is set to create a favorable environment for sustained expansion.
The United States’ significant role in the demand for underwater welding consumables is bolstered by strict safety & environmental regulations and recovery of deferred projects.
Maritime Infrastructure Expansion and Offshore Initiatives Drive China
China's underwater welding consumable market is projected to reach US$ 632.3 million by 2034. Over the assessment period, demand for underwater welding consumables in China is set to rise at 6.7% CAGR. Key factors supporting the market growth are:
The nation's strategic emphasis on maritime expansion, encompassing ports, harbors, and coastal infrastructure, is a primary catalyst for rising demand for underwater welding consumables.
China's active engagement in offshore energy endeavors, particularly in the South China Sea, amplifies the need for these consumables. These are likely to facilitate the construction and maintenance of subsea structures.
With sustained investments in cutting-edge technologies and a commitment to sustainable energy initiatives, China's underwater welding consumable market is witnessing steady growth.
Booming Maritime and Construction Industries Boosting Sales in India
India's underwater welding consumable market is poised to exhibit a CAGR of 7.1% during the evaluation period. It is expected to attain a market valuation of US$ 333.8 million by 2034. Some of the factors driving growth are as follows:
The country's burgeoning maritime industry, marked by extensive port and harbor development, fuels demand for welding consumables.
India's active engagement in offshore energy projects, including oil and gas exploration, contributes significantly to the market's expansion.
Continuous focus on infrastructural development, emphasizing underwater structures such as bridges and pipelines, further amplifies the need for reliable consumables.
Germany's Well-established Regulatory Framework to Spur Growth
By 2034, underwater welding consumable sales in Germany are expected to reach US$ 360.2 million. Some of the key drivers/trends include:
The underwater welding consumable industry relies on a skilled labor force.
Several organizations in the country are providing apprenticeships, certifications, and training programs to build a safe and effective workforce.
Underwater welding operations in Germany are regulated by strict laws, including those imposed by the government. These help to ensure quality, safety, and environmental preservation, further promoting industry innovation.
Rising Product Innovations to Surge Demand in Japan
Japan's underwater welding consumable market is expected to rise at a CAGR of 7.9% over the forecast period. Several factors are expected to drive growth of Japan's underwater welding consumable industry. These include:
Japan is a hub for technological innovation in welding and related industries.
Companies in Japan are focusing on developing advanced, durable, and environmentally friendly welding consumables. They are doing so through advancements in metallurgy, materials science, and welding techniques.
The underwater welding consumable market in Japan is dominated by domestic and foreign producers & suppliers. They are offering a variety of goods like electrodes, fluxes, filler metals, and specialized equipment to cater to several sectors and applications.
Category-wise Insights
The section below shows the electrode segment dominating based on product type. It is forecast to thrive at 6.3% CAGR between 2024 and 2034. Based on end-use, the oil & gas industry segment is anticipated to hold a dominant share through 2034. It is set to exhibit a CAGR of 5.7% during the forecast period.
Dominance of Electrodes Predicted in the Underwater Welding Consumable Market
Top Segment (Product Type)
Electrodes
Predicted CAGR (2024 to 2034)
6.3%
As industries gravitate toward advancements in underwater welding technologies, electrodes remain at the forefront, offering reliability and efficiency.
Electrodes are widely used due to their ability to combat corrosion, wear, and environmental issues. Hence, these are considered crucial for global subaquatic structure maintenance and construction.
As the industry embraces cutting-edge underwater welding solutions, the electrodes segment is positioned for sustained growth.
It is projected to contribute significantly to the overall expansion of the underwater welding consumable market.
Demand for Underwater Welding Consumables Remain High in Oil and Gas Industry
Top Segment (End-use)
Oil and Gas Industry
Projected CAGR (2024 to 2034)
5.7%
In oil and gas industry, underwater welding is indispensable in maintaining, repairing, and constructing offshore structures. These include platforms, pipelines, and subsea installations.
The reliance on underwater welding technologies for wellhead repairs and pipeline maintenance remains paramount. This is due to the rapid move of the oil & gas industry toward exploring and exploiting reserves in challenging offshore locations.
The steadfast demand for underwater welding consumables underscores its pivotal contribution to sustaining the integrity of essential infrastructure in the oil and gas sector. This is set to help in reinforcing its status as an indispensable tool in the industry's operational toolkit.
Competitive Landscape
The global underwater welding consumable market is consolidated, with leading players accounting for around 25% to 30% share. Broco Ranking, ESAB (Elektriska Svetsnings-Aktiebolaget), Lincoln Electric, and Air Liquide Welding are the leading manufacturers and suppliers of underwater welding consumables listed in the report.
Key underwater welding consumables manufacturers invest in continuous research to produce new products and increase their production capacity to meet end-user demand. They are also inclined toward adopting strategies to strengthen their footprint, including acquisitions, partnerships, mergers, and facility expansions.
Recent Developments
In September 2023, Kjellberg Finsterwalde expanded its portfolio with a new double-coated electrode. The new Duoweld double-coated electrode combines the best handling properties with high strength values in the weld metal.
In Jan 2023, Salt Creek Capital acquired Broco Rankin. Broco Rankin is a leading manufacturer of underwater cutting and welding tools, specializing in law enforcement and military tactical breaching.
In September 2020, Broco, Inc. introduced ProTouch™, a new low-carbon steel underwater welding electrode. It offers all position welding capabilities and excellent weld quality.
Key Companies Profiled
Broco Ranking
ESAB (Elektriska Svetsnings-Aktiebolaget)
Lincoln Electric
Air Liquide Welding
Kobelco Welding of America
Sandvik AB
Voestalpine Böhler Welding
Tianjin Golden Bridge Welding Materials Group
Kiswel Ltd.
Arcon Welding Equipment
Gedik Welding
KOBE STEEL, LTD.
Huntingdon Fusion Techniques HFT
Hobart Brothers Company
GCE Group
Daihen Corporation
Key Coverage in the Underwater Welding Consumable Industry Report
Analysis of Under Water Welding Electrode Rod in Industrial Automation
Growth Forecast for Underwater Cutting and Welding
Hydroweld Wet Welding Electrodes for Underwater Welding
Detailed Underwater Welding Consumable Market Outlook
Applications of Underwater Welding Equipment Solutions in Maritime Industry
Future Outlook of the Underwater Welding Consumable Market
Opportunities for Underwater Welding Consumable Market in India
Underwater Welding Consumable Market Segmentation by Category
By Product Type:
Electrodes
Metal Core Electrodes
Cellulosic Electrodes
Rutile Electrodes
Others
Wires
Solid Wires
Flux-cored Wires
Submerged Arc Wires
Fluxes
Fused Fluxes
Agglomerated Fluxes
Submerged Arc Fluxes
Welding Stinger
Others
By Welding Technique:
Dry Welding
Wet Welding
By End-use:
Oil and Gas Industry
Pipeline Repair
Platform Maintenance
Subsea Structure Welding
Marine Infrastructure
Bridge and Pier Repair
Harbor and Port Maintenance
Ship Repair and Maintenance
Offshore Renewable Energy
Others
By Region:
North America
Latin America
Eastern Europe
Western Europe
East Asia
South Asia Pacific
Middle East Africa
Frequently Asked Questions
How big is the underwater welding consumable market?
The market is set to reach US$ 2,402.2 million in 2024.
What is the forecast for the underwater welding consumable market?
Demand for underwater welding consumables is slated to expand at a 6.2% CAGR by 2034.
What is the outlook for the underwater welding consumable market?
The market is expected to reach US$ 4,383.8 million in 2034.
Who are the key players in the market?
Broco Ranking, Lincoln Electric, and Air Liquide Welding are the key players.
Which end-use would lead the underwater welding consumable market?
Oil & gas segment is estimated to lead the market during the forecast period.
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies
5. Global Market Demand Analysis 2019 to 2023 and Forecast, 2024 to 2034
5.1. Historical Market Volume (Units) Analysis, 2019 to 2023
5.2. Current and Future Market Volume (Units) Projections, 2024 to 2034
5.3. Y-o-Y Growth Trend Analysis
6. Global Market - Pricing Analysis
6.1. Regional Pricing Analysis By Product Type
6.2. Global Average Pricing Analysis Benchmark
7. Global Market Demand (in Value or Size in US$ million) Analysis 2019 to 2023 and Forecast, 2024 to 2034
7.1. Historical Market Value (US$ million) Analysis, 2019 to 2023
7.2. Current and Future Market Value (US$ million) Projections, 2024 to 2034
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Market Background
8.1. Macro-Economic Factors
8.1.1. Global GDP Growth Outlook
8.1.2. Global Oil & Gas Industry Overview
8.1.3. Manufacturing Value-Added
8.1.4. Industry Value Added
8.1.5. Parent Market Outlook
8.1.6. Other Macro-Economic Factors
8.2. Forecast Factors - Relevance and Impact
8.2.1. Top Companies Historical Growth
8.2.2. GDP Growth Forecast
8.2.3. Manufacturing Industry Forecast
8.2.4. Global Urbanization Growth Outlook
8.2.5. End-use Industry Growth Outlook
8.2.6. Other Forecast Factors
8.3. Value Chain
8.3.1. Product Manufacturers
8.3.2. End Users
8.3.3. Avg. Profitability Margins
8.4. COVID-19 Crisis – Impact Assessment
8.4.1. Current Statistics
8.4.2. Short-Mid-Long Term Outlook
8.4.3. Likely Rebound
8.5. Market Dynamics
8.5.1. Drivers
8.5.2. Restraints
8.5.3. Opportunity Analysis
8.6. Patent Analysis
8.7. PESTLE Analysis
9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ million) and Volume Analysis By Product Type, 2019 to 2023
9.3. Current and Future Market Size (US$ million) and Volume Analysis and Forecast By Product Type, 2024 to 2034
9.3.1. Electrodes
9.3.1.1. Metal Core Electrodes
9.3.1.2. Cellulosic Electrodes
9.3.1.3. Rutile Electrodes
9.3.1.4. Others
9.3.2. Wires
9.3.2.1. Solid Wires
9.3.2.2. Flux-cored Wires
9.3.2.3. Submerged Arc Wires
9.3.3. Fluxes
9.3.3.1. Fused Fluxes
9.3.3.2. Agglomerated Fluxes
9.3.3.3. Submerged Arc Fluxes
9.3.4. Welding Stinger
9.3.5. Others
9.4. Market Attractiveness Analysis By Product Type
10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Welding Technique
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ million) and Volume Analysis By Welding Technique, 2019 to 2023
10.3. Current and Future Market Size (US$ million) and Volume Analysis and Forecast By Welding Technique, 2024 to 2034
10.3.1. Dry Welding
10.3.2. Wet Welding
10.4. Market Attractiveness Analysis By Welding Technique
11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use
11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ million) and Volume Analysis By End Use, 2019 to 2023
11.3. Current and Future Market Size (US$ million) and Volume Analysis and Forecast By End Use, 2024 to 2034
11.3.1. Oil and Gas Industry
11.3.1.1. Pipeline Repair
11.3.1.2. Platform Maintenance
11.3.1.3. Subsea Structure Welding
11.3.2. Marine Infrastructure
11.3.2.1. Bridge and Pier Repair
11.3.2.2. Harbor and Port Maintenance
11.3.3. Ship Repair and Maintenance
11.3.4. Offshore Renewable Energy
11.3.5. Others
11.4. Market Attractiveness Analysis By End Use
12. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region
12.1. Introduction
12.2. Historical Market Size (US$ million) and Volume Analysis By Region, 2019 to 2023
12.3. Current Market Size (US$ million) and Volume Analysis and Forecast By Region, 2024 to 2034
12.3.1. North America
12.3.2. Latin America
12.3.3. East Asia
12.3.4. South Asia Pacific
12.3.5. Western Europe
12.3.6. Eastern Europe
12.3.7. Middle East and Africa
12.4. Market Attractiveness Analysis By Region
13. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034
13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023
13.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034
13.4.1. By Country
13.4.1.1. United States
13.4.1.2. Canada
13.4.1.3. Mexico
13.4.2. By Product Type
13.4.3. By Welding Technique
13.4.4. By End Use
13.5. Market Attractiveness Analysis
13.5.1. By Country
13.5.2. By Product Type
13.5.3. By Welding Technique
13.5.4. By End Use
13.6. Market Trends
13.7. Key Market Participants - Intensity Mapping
13.8. Drivers and Restraints - Impact Analysis
14. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023
14.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034
14.4.1. By Country
14.4.1.1. Brazil
14.4.1.2. Chile
14.4.1.3. Rest of Latin America
14.4.2. By Product Type
14.4.3. By Welding Technique
14.4.4. By End Use
14.5. Market Attractiveness Analysis
14.5.1. By Country
14.5.2. By Product Type
14.5.3. By Welding Technique
14.5.4. By End Use
14.6. Market Trends
14.7. Key Market Participants - Intensity Mapping
14.8. Drivers and Restraints - Impact Analysis
15. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023
15.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034
15.4.1. By Country
15.4.1.1. China
15.4.1.2. Japan
15.4.1.3. South Korea
15.4.2. By Product Type
15.4.3. By Welding Technique
15.4.4. By End Use
15.5. Market Attractiveness Analysis
15.5.1. By Country
15.5.2. By Product Type
15.5.3. By Welding Technique
15.5.4. By End Use
15.6. Market Trends
15.7. Key Market Participants - Intensity Mapping
15.8. Drivers and Restraints - Impact Analysis
16. South Asia Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034
16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023
16.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034
16.4.1. By Country
16.4.1.1. India
16.4.1.2. ASEAN
16.4.1.3. Australia and New Zealand
16.4.1.4. Rest of South Asia Pacific
16.4.2. By Product Type
16.4.3. By Welding Technique
16.4.4. By End Use
16.5. Market Attractiveness Analysis
16.5.1. By Country
16.5.2. By Product Type
16.5.3. By Welding Technique
16.5.4. By End Use
16.6. Market Trends
16.7. Key Market Participants - Intensity Mapping
16.8. Drivers and Restraints - Impact Analysis
17. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034
17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023
17.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034
17.4.1. By Country
17.4.1.1. Germany
17.4.1.2. Italy
17.4.1.3. France
17.4.1.4. United Kingdom
17.4.1.5. Spain
17.4.1.6. BENELUX
17.4.1.7. NORDICS
17.4.1.8. Rest of Western Europe
17.4.2. By Product Type
17.4.3. By Welding Technique
17.4.4. By End Use
17.5. Market Attractiveness Analysis
17.5.1. By Country
17.5.2. By Product Type
17.5.3. By Welding Technique
17.5.4. By End Use
17.6. Market Trends
17.7. Key Market Participants - Intensity Mapping
17.8. Drivers and Restraints - Impact Analysis
18. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034
18.1. Introduction
18.2. Pricing Analysis
18.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023
18.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034
18.4.1. By Country
18.4.1.1. Russia
18.4.1.2. Poland
18.4.1.3. Hungary
18.4.1.4. Balkan & Baltics
18.4.1.5. Rest of Eastern Europe
18.4.2. By Product Type
18.4.3. By Welding Technique
18.4.4. By End Use
18.5. Market Attractiveness Analysis
18.5.1. By Country
18.5.2. By Product Type
18.5.3. By Welding Technique
18.5.4. By End Use
18.6. Market Trends
18.7. Key Market Participants - Intensity Mapping
18.8. Drivers and Restraints - Impact Analysis
19. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034
19.1. Introduction
19.2. Pricing Analysis
19.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023
19.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034
19.4.1. By Country
19.4.1.1. KSA
19.4.1.2. Other GCC Countries
19.4.1.3. Türkiye
19.4.1.4. South Africa
19.4.1.5. Other African Union
19.4.1.6. Rest of Middle East and Africa
19.4.2. By Product Type
19.4.3. By Welding Technique
19.4.4. By End Use
19.5. Market Attractiveness Analysis
19.5.1. By Country
19.5.2. By Product Type
19.5.3. By Welding Technique
19.5.4. By End Use
19.6. Market Trends
19.7. Key Market Participants - Intensity Mapping
19.8. Drivers and Restraints - Impact Analysis
20. Country-wise Market Analysis
20.1. Introduction
20.1.1. Market Value Proportion Analysis, By Key Countries
20.1.2. Global Vs. Country Growth Comparison
20.2. United States Market Analysis
20.2.1. By Product Type
20.2.2. By Welding Technique
20.2.3. By End Use
20.3. Canada Market Analysis
20.3.1. By Product Type
20.3.2. By Welding Technique
20.3.3. By End Use
20.4. Mexico Market Analysis
20.4.1. By Product Type
20.4.2. By Welding Technique
20.4.3. By End Use
20.5. Brazil Market Analysis
20.5.1. By Product Type
20.5.2. By Welding Technique
20.5.3. By End Use
20.6. Chile Market Analysis
20.6.1. By Product Type
20.6.2. By Welding Technique
20.6.3. By End Use
20.7. China Market Analysis
20.7.1. By Product Type
20.7.2. By Welding Technique
20.7.3. By End Use
20.8. Japan Market Analysis
20.8.1. By Product Type
20.8.2. By Welding Technique
20.8.3. By End Use
20.9. South Korea Market Analysis
20.9.1. By Product Type
20.9.2. By Welding Technique
20.9.3. By End Use
20.10. India Market Analysis
20.10.1. By Product Type
20.10.2. By Welding Technique
20.10.3. By End Use
20.11. ASEAN Market Analysis
20.11.1. By Product Type
20.11.2. By Welding Technique
20.11.3. By End Use
20.12. Australia and New Zealand Market Analysis
20.12.1. By Product Type
20.12.2. By Welding Technique
20.12.3. By End Use
20.13. Germany Market Analysis
20.13.1. By Product Type
20.13.2. By Welding Technique
20.13.3. By End Use
20.14. Italy Market Analysis
20.14.1. By Product Type
20.14.2. By Welding Technique
20.14.3. By End Use
20.15. France Market Analysis
20.15.1. By Product Type
20.15.2. By Welding Technique
20.15.3. By End Use
20.16. United Kingdom Market Analysis
20.16.1. By Product Type
20.16.2. By Welding Technique
20.16.3. By End Use
20.17. Spain Market Analysis
20.17.1. By Product Type
20.17.2. By Welding Technique
20.17.3. By End Use
20.18. BENELUX Market Analysis
20.18.1. By Product Type
20.18.2. By Welding Technique
20.18.3. By End Use
20.19. NORDICS Market Analysis
20.19.1. By Product Type
20.19.2. By Welding Technique
20.19.3. By End Use
20.20. Russia Market Analysis
20.20.1. By Product Type
20.20.2. By Welding Technique
20.20.3. By End Use
20.21. Poland Market Analysis
20.21.1. By Product Type
20.21.2. By Welding Technique
20.21.3. By End Use
20.22. Hungary Market Analysis
20.22.1. By Product Type
20.22.2. By Welding Technique
20.22.3. By End Use
20.23. Balkan & Baltics Market Analysis
20.23.1. By Product Type
20.23.2. By Welding Technique
20.23.3. By End Use
20.24. KSA Market Analysis
20.24.1. By Product Type
20.24.2. By Welding Technique
20.24.3. By End Use
20.25. Other GCC Countries Market Analysis
20.25.1. By Product Type
20.25.2. By Welding Technique
20.25.3. By End Use
20.26. Türkiye Market Analysis
20.26.1. By Product Type
20.26.2. By Welding Technique
20.26.3. By End Use
20.27. South Africa Market Analysis
20.27.1. By Product Type
20.27.2. By Welding Technique
20.27.3. By End Use
20.28. Other African Union Market Analysis
20.28.1. By Product Type
20.28.2. By Welding Technique
20.28.3. By End Use
21. Market Structure Analysis
21.1. Market Analysis by Tier of Companies
21.2. Market Concentration
21.3. Market Share Analysis of Top Players
21.4. Production Capacity Analysis
21.5. Market Presence Analysis
21.5.1. By Product Footprint of Players
21.5.2. By Regional Footprint of Players
21.5.3. By Application Footprint of Players
22. Competition Analysis
22.1. Competition Dashboard
22.2. Competition Benchmarking
22.3. Competition Deep Dive
22.3.1. Broco Ranking
22.3.1.1. Overview
22.3.1.2. Product Portfolio
22.3.1.3. Profitability by Market Segments (Product/Channel/Region)
22.3.1.4. Sales Footprint
22.3.1.5. Strategy Overview
22.3.2. ESAB (Elektriska Svetsnings-Aktiebolaget)
22.3.3. Lincoln Electric
22.3.4. Air Liquide Welding
22.3.5. Kobelco Welding of America
22.3.6. Sandvik AB
22.3.7. Voestalpine Böhler Welding
22.3.8. Tianjin Golden Bridge Welding Materials Group
22.3.9. Kiswel Ltd.
22.3.10. Arcon Welding Equipment
22.3.11. Gedik Welding
22.3.12. KOBE STEEL, LTD.
22.3.13. Huntingdon Fusion Techniques HFT
22.3.14. Hobart Brothers Company
22.3.15. GCE Group
22.3.16. Daihen Corporation
22.3.17. Other Key Players
23. Assumptions and Acronyms Used24. Research Methodology
