Welding Consumables Market

Welding Consumables lay Rock-solid Foundation for Construction Sector. FMI Presents Key Findings in 30+ Countries in USA, United Kingdom, France, Japan, Korea, and Others

Welding Consumables Market by Consumables, Welding Type, End Use & Region | Forecast 2022 to 2032.

Welding Consumables Market Outlook (2022 to 2032)

The global welding consumables market is valued at US$ 17.22 billion as of 2022. The market is anticipated to grow at a CAGR of 6% during the period 2022 to 2032, and by 2032, the market is expected to reach a valuation of US$ 30.84 billion.

Some of the factors which might surge the market growth are:

Aiding in the extension of the lifecycle of manufactured products.
Increased adoption of the Internet of Things across sectors, thereby making the operation process leaner and much more effective.
An ability to intimate when the welding machines are running short of filler wire.

Attributes	Value
Welding Consumables Market Valuation (2022)	US$ 17.22 Billion
Welding Consumables Market Projected Size (2032)	US$ 30.84 Billion
Welding Consumables Market Expected CAGR (2022 to 2032)	6%

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Automotive sector responsible for the break-free growth of welding consumables market in USA

The market of welding consumables in the USA is expected to expand at a modest CAGR of around 2.5% during the forecast period. An increased application of automation in the automotive sector is expected to be the primary factor behind the anticipated increase in the demand for welding consumables during the forecast period.

Apart from that, the manufacturers are taking various steps to increase the production capabilities of the industrial plants. This as well is expected to increase the application of welding products in the country.

Moreover, the increased adoption of low-heat input welding techniques has increased the application of automation of OEM in the automotive industry in the USA.

Furthermore, the nation is also witnessing an increase in infrastructure activities, where the welding of metal sheets and tubes is consistent activity. The oxy-fuel welding equipment is mainly employed for straightening, brazing, and other welding-related operations.

An increased adoption of robotic welding expected to surge China market at a robust CAGR of 12%

The China market is mainly meant for the robust development activities that are taking place in the robots and cobots market. This development has introduced the concept of robotic welding, which operates with a much higher speed and efficiency as compared to many other types of welding tools and processes and also assists in process monitoring.

Moreover, increased demand for customized metal shapes in industries like oil and gas, manufacturing, renewable energy sector, automobile, and aviation sectors presents a huge opportunity for welding consumables in the China market.

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Japanese construction industry provides concrete growth opportunities for the welding consumables market

Based on the statistics available with FMI, nearly 13% of the construction industry’s labor share is occupied by welding and welding supplies-related activities. These stats showcase the potential of welding consumables in Japan. Apart from that, Japan is expected to witness an increase in the adoption of hot-laser welding machines, especially the coating materials that make use of textiles and plastic.

Moreover, increasing industrial activities in Japan are expected to bring about many opportunities for the welding consumables market. The China market is mainly meant for the robust development activities that are taking place in the robots and cobots market. This development has introduced the concept of robotic welding, which operates with a much higher speed and efficiency as compared to many other types of welding tools and processes and also assists in process monitoring.

India market mainly driven by architecture and engineering industry

The Indian market is expected to grow at a CAGR of nearly 5.9% during the forecast period and is expected to reach a valuation of US$ 1 billion by 2030.

The architecture and engineering industry, along with the construction sector, provides a huge scope of growth for the welding consumables sector in India. Moreover, the availability of a number of welding wires based on the welding jobs further creates an opportunity for the market.

Apart from that, the presence of innovative gas cylinders in India has further surged the growth rate of the market as this help maintain the safety of the workers. Moreover, the availability of built-in regulators assists in optimizing welding operations.

Comparison between the Historical CAGR (2016 to 2021) and the Anticipated CAGR

While the anticipated CAGR for the forecast period is 6%, the historical CAGR was 5.6%. The anticipated increase can be attributed to the fact that the welding consumables offer a cost-effective way of welding as compared to other methods and also assist in safeguarding the weld from the pollutants present in the air. Therefore, these are increasingly used in construction, automobile, aviation, etc.

Apart from that, these provide incredible safety features and are particularly used in the production of lightweight vehicle parts.

Drivers for the Welding Consumables Market

Increase in the application of welding robots

Welding robots are known to work with great precision and have effectively addressed a lot of safety concerns. Apart from that, they offer the most precise repeatability, as a result of which the time taken for mass production of certain items is drastically reduced.

Furthermore, the manufacturers are also of the view that the application of welding robots is known to optimize quality and minimize manufacturing costs. Apart from that, easy offline program generation, coupled with the ability to easily import third-party paths, enables customers to swiftly take solid models from the digital world to real-time.

A cost-effective way of joining metals

The method of joining metals via coalescence using welding consumables is an economical and, at the same time, effective process for creating strong joints. Apart from that, the ability to produce a shield around unsuitable gas for avoiding oxidation and, at the same time, acting as a deoxidizer is expected to further increase the demand for welding consumables during the forecast period.

The ability to provide so many benefits at an economical cost is something that has convinced investors to go in for the welding consumables.

Adoption of IoT

Incorporating the Internet of Things in the welding consumables market has changed the face of the market to a great extent for good. One of the primary advantages is that the IoT assists in gathering and monitoring the data that can be crucial for improving efficiency.

Apart from that, IoT can also provide valuable insights into what might work and what might not work on a long-term basis. Moreover, the application of IoT in welding consumables has also reduced the wastage of materials.

Roadblocks on the way of Welding Consumables Market

The increasing price of raw materials

Supply chain management problems currently exist because of a number of conflicts taking place at the international level. This has led to an increase in the price of raw materials because of their lack of availability.

In some countries, the situation is like there is an acute shortage or even absence of raw materials, which has forced many organizations to temporarily suspend their operations.

Lack of skilled workers

If there is one factor that can potentially hamper the demand for welding consumables, it is the absence of skilled workers. Hence, it is important that the manufacturers invest in training the labor so that they can display the required skills in industries like automotive, marine, etc.

Growth of Automotive, Transportation, and Construction Sector show bright prospect for Welding Consumables Market

The growth of the welding consumables sector is expected to be driven by the massive growth of the automotive, transportation, and construction sector. The reason is that the welding consumables are used for a number of reasons, like straightening, bending, surfacing, brazing, etc., in these sectors.

Apart from that, increased usage of welding consumables for maintenance and repair purposes in sectors like aviation, automobile, etc., presents further opportunities for the market.

Comparative View for the Welding Consumables Market

Welding Consumables Market:

Attributes	Welding Consumables Market
Anticipated CAGR (2022 to 2032)	6%
Market Value (2022)	US$ 17.22 billion
Growth Factor	An increase in the application of welding robots, and the usage of IoT for welding are the main drivers for the welding consumables market.
Future Opportunities	The growth of automotive, transportation, and construction presents huge opportunities in front of the welding consumables market.
Market Trends	In the current times, welding consumables are equipped with safety features, which is expected to further drive the demand for welding consumables.

Welding Equipment Market:

Attributes	Welding Equipment Market
Anticipated CAGR (2022 to 2032)	7%
Market Value (2022)	US$ 14 billion
Growth Factor	Shifting consumer preference from manual machines to automated machines is currently driving the welding equipment market.
Future Opportunities/p>	Increasing applications pertaining to shipbuilding, offshore applications, energy, etc. are expected to drive the welding equipment market in the future.
Market Trends	At present, the manufacturers are focusing on developing technologies that would train operators and save training costs.

Laser Welding Equipment Market:

Attributes	Laser Welding Equipment Market
Anticipated CAGR (2022 to 2032)	4.8%
Market Value (2022)	US$ 324.06 million
Growth Factor	The adoption of robots and reduced generation of waste are currently the main market drivers pertaining to the growth of the laser welding equipment market.
Future Opportunities	Increasing demand for heavy industrial materials, and increasing medical device production sites present huge opportunities in front of the laser welding equipment market.
Market Trends	The manufacturers are making use of additive manufacturing, thereby laying high emphasis on product geometry. This as well is currently driving the laser welding equipment market.

Segment-wise Insights

By Welding Type, Arc Welding Type to have the Highest Market Share

It is expected that the demand for arc welding type is going to remain the highest during the forecast period.

Having said that, the segment is facing stiff competition from different forms of beam welding techniques. The reason being these do not make use of electrodes. Moreover, the filler materials that are used in the beam welding technique do not impact the consumption of welding consumables.

Based on the Consumables, the Stick Electrodes are expected to exhibit the Highest Market Share

The stick electrodes segment is expected to occupy the highest market share, based on the data available from FMI analysts. They are expected to have a market share of US$ 8.97 billion over the forecast period. The stick welding electrodes are mainly used as filler materials for linking metals to protect them from any kind of damage.

However, if we talk about the fastest growing category, it is the wires because of their ruggedness and less surface area, which protects the metal from corrosion.

Based on the End Use, the Construction Segment is Expected to hold the Highest Market Share

It is expected that the construction segment would have the highest market share during the forecast period. Rapid infrastructural development, along with technological developments in the construction sector, is expected to drive the construction segment during the forecast period.

Moreover, increasing investments from governments across the globe to develop their infrastructure is another factor that might further surge the growth of the construction sector, as these make use of welding robots and welding rods.

Regional Insights

North America

Based on the data available, it is anticipated that not much growth would be observed in the North American market. It is expected to be a steady market during the forecast period.

However, the growth of robotics and IoT can change the fortunes of the welding consumables sector in this region. It is expected that the North American market would grow at a CAGR of 4% during the forecast period.

Europe

Being home to a large number of automobile and automotive manufacturers, the Europe market is expected to display positive growth during the forecast period.

Moreover, increasing investment in the safety of workers is something that is expected to propel the market growth going further. Apart from that, increased investment in renewable sources of energy is something that might as well propel the growth of the market in the region.

Asia Pacific

Asia Pacific is expected to dominate the welding consumables market during the forecast period and is also expected to be the fastest-growing market. The Asia Pacific market was valued at nearly US$ 5 billion in 2021.

The increasing adoption of welding robots in China and Japan represents attractive opportunities for the welding consumables sector. Moreover, owing to flexible government policies, key players in the construction, automation, and automotive segment have started investing in the Indian market.

Start-up Ecosystem

Being a relatively new niche for the start-up ecosystem, the entrepreneurs are taking gradual but strong steps in order to cater to the market using their innovative ideas.

Path Robotics is one such start-up, which was founded in 2014. The company provides solutions pertaining to robotic welding. It makes use of scanning, computer vision, and AI to adjust itself to different parts. Apart from that, the operations are further synergized when dealing with highly reflective materials, and it is in this phase that robotics is put into application.

In July 2021, Path Robotics managed to raise US$ 100 million in an investment round which was led by Tiger Global and also included the participation of Silicon Valley Bank. This round bought the total funding received by Path Robotics to US$ 171 million.

Competitive Landscape

The key players are introducing a wide range of welders, and these have been developed keeping in mind end users from different niches. Moreover, all the welders have been manufactured in such a way that they are portable enough to find their way in almost any place. The reason is that these are provided with multiple lift points and inverter technology that reduces weight and maximizes power.

Some of the recent developments are:

In July 2022, Lincoln Electric introduced the New POWER MIG 215 MPi Multi-process welder.
In June 2022, Air Products announced that it would invest US$ 500 million to build a green hydrogen production facility in New York.

By pouring huge money to focus on developing the best quality products and services, Taiyo Nippon Sanso, Hyundai Welding, and VBC group set an example of what is called ‘survival of the fittest

Taiyo Nippon Sanso has always believed in accelerating the commercialization of developed products through its innovation strategy. They are expanding their business globally for self-developed products having market expansion potential and the products and technologies acquired through open innovation.

Moreover, Taiyo Nippon Sanso has also been providing stable isotope-labeled compounds that attract attention in a lot of research fields pertaining to medicine, biotechnology, chemistry, science and engineering, and nuclear energy.

The company runs on the philosophy of being proactive, innovative, collaborative, and making life better through gas technology. Even the logo is an indication of the fact that they work towards the seamless integration of state-of-the-art technology and nature. Moreover, the company also represents the resolve to achieve growth through superior quality and transparency.

On 5th September’22, Taiyo Nippon Sanso announced that it had agreed to establish Kimitsu Sanso Center through joint investment with Nippon Steel Corporation.

Hyundai Welding is a world-class welding company that has been providing the best welding solutions. They make sure that they supply the highest quality welding consumables and equipment.

Its Pohang R&D Center is focused on developing welding solutions that can immediately meet all the customers’ needs. It is only through this R&D center that they developed high-functioning, eco-friendly, and highly efficient welding materials. The research institute has been committed to developing products that meet customers' needs and can effectively adapt to global market changes.

VBC group is a leading global distributor of welding wire, brazing alloys, and various other products. They hold a portfolio of the most comprehensive range of products, which ensures that they deliver the products on a timely basis.

VBC's core markets include aerospace, aviation MRO, power generation, and thermal management technologies.

Key Companies Profiled

The Lincoln Electric Company
Illinois Tool Works Inc
Taiyo Nippon Sanso Corporation
Air Liquide S.A.
Hyundai Welding Co, Ltd.
Air Products and Chemicals, Inc.
EWM AG
MESSER Group GmbH
Ador Welding Limited
WB Alloy Welding Products Limited
FSH Welding Group
GCE Group AB
Industrial Welding Corporation
The VBC Group Ltd.
Hilarius Haarlem Holland B.V.
Kiswel Ltd
Magmaweld
Gedik Welding
Chosun Welding
Selectrode Industries
D & H India
Yawata Electrode Co Ltd.

Welding Consumables Market Segmentation

By Consumables:

Stick Electrodes
- Mild steel
- Stainless steel
- Low Alloy
- Nickel
- Aluminium
- Others
Gases
Strip Cladding Electrodes
Submerged Arc wires and Fluxes
Wires
- Metal cored wires
- MIG/MAG wires
- Flux Cored wires
Others

By Welding Type:

Arc Welding
- Shield Metal Arc welding
- Gas Metal Arc welding
- Flux Cored Arc welding
- Gas Tungsten Arc Welding
Energy Beam welding
Plasma Arc Welding
Submerged Arc welding
Electro Slag Welding
Resistance welding
Others

By End Use:

Automotive
Construction
Oil and Gas
Marine
Power Generation
Aerospace and Defence
Industrial Fabrication
Others

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

Frequently Asked Questions

What is the Welding Consumables Market Size as on 2022?

The welding consumables market is valued at US$ 17.22 billion as of 2022.

At what rate is the Global Welding Consumables Market expected to grow?

The welding consumables market is expected to grow at a CAGR of around 6% over the forecast period.

What is the Expected Valuation of Welding Consumables Market by 2032?

By 2032, the welding consumables market is expected to be valued at US$ 30.84 billion.

Which Region is the Largest Welding Consumables Market?

Asia Pacific is the largest welding consumables market.

What are the Main Drivers for Welding Consumables Market?

The main drivers are the increased application of welding robots and the application of IoT in the welding consumables market.

Table of Content

1. Executive Summary | Welding Consumables Market

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

3.2. Scenario Forecast

3.2.1. Demand in Optimistic Scenario

3.2.2. Demand in Likely Scenario

3.2.3. Demand in Conservative Scenario

3.3. Opportunity Map Analysis

3.4. Investment Feasibility Matrix

3.5. PESTLE and Porter’s Analysis

3.6. Regulatory Landscape

3.6.1. By Key Regions

3.6.2. By Key Countries

3.7. Regional Parent Market Outlook

4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032

4.1. Historical Market Size Value (US$ Million) Analysis, 2017 to 2021

4.2. Current and Future Market Size Value (US$ Million) Projections, 2022 to 2032

4.2.1. Y-o-Y Growth Trend Analysis

4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product Type

5.1. Introduction / Key Findings

5.2. Historical Market Size Value (US$ Million) Analysis By Product Type, 2017 to 2021

5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Product Type, 2022 to 2032

5.3.1. Stick Electrodes

5.3.1.1. Mild Steel

5.3.1.2. Stainless Steel

5.3.1.3. Low Alloy

5.3.1.4. Nickel

5.3.1.5. Aluminium

5.3.1.6. Others

5.3.2. Gases

5.3.3. Strip Cladding Electrodes

5.3.4. Submerged Arc Wires and Fluxes

5.3.5. Wires

5.3.5.1. Metal cored Wires

5.3.5.2. MIG/MAG Wires

5.3.5.3. Flux Cored Wires

5.3.6. Others

5.4. Y-o-Y Growth Trend Analysis By Product Type, 2017 to 2021

5.5. Absolute $ Opportunity Analysis By Product Type, 2022 to 2032

6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Welding Type

6.1. Introduction / Key Findings

6.2. Historical Market Size Value (US$ Million) Analysis By Welding Type, 2017 to 2021

6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Welding Type, 2022 to 2032

6.3.1. Arc Welding

6.3.1.1. Sheild Metal Arc Welding

6.3.1.2. Gas Metal Arc Welding

6.3.1.3. Flux Cored Arc Welding

6.3.1.4. Gas Tungsten Arc Welding

6.3.2. Energy Beam Welding

6.3.3. Plasma Arc Welding

6.3.4. Submerged Arc Welding

6.3.5. Electro Slag Welding

6.3.6. Resistance Welding

6.3.7. Others

6.4. Y-o-Y Growth Trend Analysis By Welding Type, 2017 to 2021

6.5. Absolute $ Opportunity Analysis By Welding Type, 2022 to 2032

7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End Use

7.1. Introduction / Key Findings

7.2. Historical Market Size Value (US$ Million) Analysis By End Use, 2017 to 2021

7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By End Use, 2022 to 2032

7.3.1. Automotive

7.3.2. Construction

7.3.3. Oil and Gas

7.3.4. Marine

7.3.5. Power Generation

7.3.6. Aerospace and Defence

7.3.7. Industrial Fabrication

7.3.8. Others

7.4. Y-o-Y Growth Trend Analysis By End Use, 2017 to 2021

7.5. Absolute $ Opportunity Analysis By End Use, 2022 to 2032

8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region

8.1. Introduction

8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2017 to 2021

8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2022 to 2032

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

8.4. Market Attractiveness Analysis By Region

9. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country

9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021

9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032

9.2.1. By Country

9.2.1.1. USA

9.2.1.2. Canada

9.2.2. By Product Type

9.2.3. By Welding Type

9.2.4. By End Use

9.3. Market Attractiveness Analysis

9.3.1. By Country

9.3.2. By Product Type

9.3.3. By Welding Type

9.3.4. By End Use

9.4. Key Takeaways

10. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country

10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021

10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032

10.2.1. By Country

10.2.1.1. Brazil

10.2.1.2. Mexico

10.2.1.3. Rest of Latin America

10.2.2. By Product Type

10.2.3. By Welding Type

10.2.4. By End Use

10.3. Market Attractiveness Analysis

10.3.1. By Country

10.3.2. By Product Type

10.3.3. By Welding Type

10.3.4. By End Use

10.4. Key Takeaways

11. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country

11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021

11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032

11.2.1. By Country

11.2.1.1. Germany

11.2.1.2. United Kingdom

11.2.1.3. France

11.2.1.4. Spain

11.2.1.5. Italy

11.2.1.6. Rest of Europe

11.2.2. By Product Type

11.2.3. By Welding Type

11.2.4. By End Use

11.3. Market Attractiveness Analysis

11.3.1. By Country

11.3.2. By Product Type

11.3.3. By Welding Type

11.3.4. By End Use

11.4. Key Takeaways

12. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country

12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021

12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032

12.2.1. By Country

12.2.1.1. China

12.2.1.2. Japan

12.2.1.3. South Korea

12.2.1.4. Singapore

12.2.1.5. Thailand

12.2.1.6. Indonesia

12.2.1.7. Australia

12.2.1.8. New Zealand

12.2.1.9. Rest of Asia Pacific

12.2.2. By Product Type

12.2.3. By Welding Type

12.2.4. By End Use

12.3. Market Attractiveness Analysis

12.3.1. By Country

12.3.2. By Product Type

12.3.3. By Welding Type

12.3.4. By End Use

12.4. Key Takeaways

13. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country

13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021

13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032

13.2.1. By Country

13.2.1.1. GCC Countries

13.2.1.2. South Africa

13.2.1.3. Israel

13.2.1.4. Rest of Middle East and Africa

13.2.2. By Product Type

13.2.3. By Welding Type

13.2.4. By End Use

13.3. Market Attractiveness Analysis

13.3.1. By Country

13.3.2. By Product Type

13.3.3. By Welding Type

13.3.4. By End Use

13.4. Key Takeaways

14. Key Countries Market Analysis

14.1. USA

14.1.1. Pricing Analysis

14.1.2. Market Share Analysis, 2021

14.1.2.1. By Product Type

14.1.2.2. By Welding Type

14.1.2.3. By End Use

14.2. Canada

14.2.1. Pricing Analysis

14.2.2. Market Share Analysis, 2021

14.2.2.1. By Product Type

14.2.2.2. By Welding Type

14.2.2.3. By End Use

14.3. Brazil

14.3.1. Pricing Analysis

14.3.2. Market Share Analysis, 2021

14.3.2.1. By Product Type

14.3.2.2. By Welding Type

14.3.2.3. By End Use

14.4. Mexico

14.4.1. Pricing Analysis

14.4.2. Market Share Analysis, 2021

14.4.2.1. By Product Type

14.4.2.2. By Welding Type

14.4.2.3. By End Use

14.5. Germany

14.5.1. Pricing Analysis

14.5.2. Market Share Analysis, 2021

14.5.2.1. By Product Type

14.5.2.2. By Welding Type

14.5.2.3. By End Use

14.6. United Kingdom

14.6.1. Pricing Analysis

14.6.2. Market Share Analysis, 2021

14.6.2.1. By Product Type

14.6.2.2. By Welding Type

14.6.2.3. By End Use

14.7. France

14.7.1. Pricing Analysis

14.7.2. Market Share Analysis, 2021

14.7.2.1. By Product Type

14.7.2.2. By Welding Type

14.7.2.3. By End Use

14.8. Spain

14.8.1. Pricing Analysis

14.8.2. Market Share Analysis, 2021

14.8.2.1. By Product Type

14.8.2.2. By Welding Type

14.8.2.3. By End Use

14.9. Italy

14.9.1. Pricing Analysis

14.9.2. Market Share Analysis, 2021

14.9.2.1. By Product Type

14.9.2.2. By Welding Type

14.9.2.3. By End Use

14.10. China

14.10.1. Pricing Analysis

14.10.2. Market Share Analysis, 2021

14.10.2.1. By Product Type

14.10.2.2. By Welding Type

14.10.2.3. By End Use

14.11. Japan

14.11.1. Pricing Analysis

14.11.2. Market Share Analysis, 2021

14.11.2.1. By Product Type

14.11.2.2. By Welding Type

14.11.2.3. By End Use

14.12. South Korea

14.12.1. Pricing Analysis

14.12.2. Market Share Analysis, 2021

14.12.2.1. By Product Type

14.12.2.2. By Welding Type

14.12.2.3. By End Use

14.13. Singapore

14.13.1. Pricing Analysis

14.13.2. Market Share Analysis, 2021

14.13.2.1. By Product Type

14.13.2.2. By Welding Type

14.13.2.3. By End Use

14.14. Thailand

14.14.1. Pricing Analysis

14.14.2. Market Share Analysis, 2021

14.14.2.1. By Product Type

14.14.2.2. By Welding Type

14.14.2.3. By End Use

14.15. Indonesia

14.15.1. Pricing Analysis

14.15.2. Market Share Analysis, 2021

14.15.2.1. By Product Type

14.15.2.2. By Welding Type

14.15.2.3. By End Use

14.16. Australia

14.16.1. Pricing Analysis

14.16.2. Market Share Analysis, 2021

14.16.2.1. By Product Type

14.16.2.2. By Welding Type

14.16.2.3. By End Use

14.17. New Zealand

14.17.1. Pricing Analysis

14.17.2. Market Share Analysis, 2021

14.17.2.1. By Product Type

14.17.2.2. By Welding Type

14.17.2.3. By End Use

14.18. GCC Countries

14.18.1. Pricing Analysis

14.18.2. Market Share Analysis, 2021

14.18.2.1. By Product Type

14.18.2.2. By Welding Type

14.18.2.3. By End Use

14.19. South Africa

14.19.1. Pricing Analysis

14.19.2. Market Share Analysis, 2021

14.19.2.1. By Product Type

14.19.2.2. By Welding Type

14.19.2.3. By End Use

14.20. Israel

14.20.1. Pricing Analysis

14.20.2. Market Share Analysis, 2021

14.20.2.1. By Product Type

14.20.2.2. By Welding Type

14.20.2.3. By End Use

15. Market Structure Analysis

15.1. Competition Dashboard

15.2. Competition Benchmarking

15.3. Market Share Analysis of Top Players

15.3.1. By Regional

15.3.2. By Product Type

15.3.3. By Welding Type

15.3.4. By End Use

16. Competition Analysis

16.1. Competition Deep Dive

16.1.1. The Lincoln Electric Company

16.1.1.1. Overview

16.1.1.2. Product Portfolio

16.1.1.3. Profitability by Market Segments

16.1.1.4. Sales Footprint

16.1.1.5. Strategy Overview

16.1.1.5.1. Marketing Strategy

16.1.2. Voestalpine AG

16.1.2.1. Overview

16.1.2.2. Product Portfolio

16.1.2.3. Profitability by Market Segments

16.1.2.4. Sales Footprint

16.1.2.5. Strategy Overview

16.1.2.5.1. Marketing Strategy

16.1.3. Colfax Corporation

16.1.3.1. Overview

16.1.3.2. Product Portfolio

16.1.3.3. Profitability by Market Segments

16.1.3.4. Sales Footprint

16.1.3.5. Strategy Overview

16.1.3.5.1. Marketing Strategy

16.1.4. Kobe Steel Limited

16.1.4.1. Overview

16.1.4.2. Product Portfolio

16.1.4.3. Profitability by Market Segments

16.1.4.4. Sales Footprint

16.1.4.5. Strategy Overview

16.1.4.5.1. Marketing Strategy

16.1.5. Linde Plc

16.1.5.1. Overview

16.1.5.2. Product Portfolio

16.1.5.3. Profitability by Market Segments

16.1.5.4. Sales Footprint

16.1.5.5. Strategy Overview

16.1.5.5.1. Marketing Strategy

16.1.6. Illinois Tool Works Inc.

16.1.6.1. Overview

16.1.6.2. Product Portfolio

16.1.6.3. Profitability by Market Segments

16.1.6.4. Sales Footprint

16.1.6.5. Strategy Overview

16.1.6.5.1. Marketing Strategy

16.1.7. Air Liquide S.A.

16.1.7.1. Overview

16.1.7.2. Product Portfolio

16.1.7.3. Profitability by Market Segments

16.1.7.4. Sales Footprint

16.1.7.5. Strategy Overview

16.1.7.5.1. Marketing Strategy

16.1.8. Taiyo Nippon Sanso Corporation

16.1.8.1. Overview

16.1.8.2. Product Portfolio

16.1.8.3. Profitability by Market Segments

16.1.8.4. Sales Footprint

16.1.8.5. Strategy Overview

16.1.8.5.1. Marketing Strategy

16.1.9. Air Products and Chemicals, Inc.

16.1.9.1. Overview

16.1.9.2. Product Portfolio

16.1.9.3. Profitability by Market Segments

16.1.9.4. Sales Footprint

16.1.9.5. Strategy Overview

16.1.9.5.1. Marketing Strategy

16.1.10. Hyundai Welding Co, Ltd.

16.1.10.1. Overview

16.1.10.2. Product Portfolio

16.1.10.3. Profitability by Market Segments

16.1.10.4. Sales Footprint

16.1.10.5. Strategy Overview

16.1.10.5.1. Marketing Strategy

16.1.11. MESSER Group GmbH

16.1.11.1. Overview

16.1.11.2. Product Portfolio

16.1.11.3. Profitability by Market Segments

16.1.11.4. Sales Footprint

16.1.11.5. Strategy Overview

16.1.11.5.1. Marketing Strategy

16.1.12. EWM AG

16.1.12.1. Overview

16.1.12.2. Product Portfolio

16.1.12.3. Profitability by Market Segments

16.1.12.4. Sales Footprint

16.1.12.5. Strategy Overview

16.1.12.5.1. Marketing Strategy

16.1.13. WB Alloy Welding Products Limited

16.1.13.1. Overview

16.1.13.2. Product Portfolio

16.1.13.3. Profitability by Market Segments

16.1.13.4. Sales Footprint

16.1.13.5. Strategy Overview

16.1.13.5.1. Marketing Strategy

16.1.14. Ador Welding Limited

16.1.14.1. Overview

16.1.14.2. Product Portfolio

16.1.14.3. Profitability by Market Segments

16.1.14.4. Sales Footprint

16.1.14.5. Strategy Overview

16.1.14.5.1. Marketing Strategy

16.1.15. FSH Welding Group

16.1.15.1. Overview

16.1.15.2. Product Portfolio

16.1.15.3. Profitability by Market Segments

16.1.15.4. Sales Footprint

16.1.15.5. Strategy Overview

16.1.15.5.1. Marketing Strategy

16.1.16. Industrial Welding Corporation

16.1.16.1. Overview

16.1.16.2. Product Portfolio

16.1.16.3. Profitability by Market Segments

16.1.16.4. Sales Footprint

16.1.16.5. Strategy Overview

16.1.16.5.1. Marketing Strategy

16.1.17. GCE Group AB

16.1.17.1. Overview

16.1.17.2. Product Portfolio

16.1.17.3. Profitability by Market Segments

16.1.17.4. Sales Footprint

16.1.17.5. Strategy Overview

16.1.17.5.1. Marketing Strategy

16.1.18. Hilarius Haarlem Holland B.V.

16.1.18.1. Overview

16.1.18.2. Product Portfolio

16.1.18.3. Profitability by Market Segments

16.1.18.4. Sales Footprint

16.1.18.5. Strategy Overview

16.1.18.5.1. Marketing Strategy

16.1.19. The VBC Group Ltd.

16.1.19.1. Overview

16.1.19.2. Product Portfolio

16.1.19.3. Profitability by Market Segments

16.1.19.4. Sales Footprint

16.1.19.5. Strategy Overview

16.1.19.5.1. Marketing Strategy

16.1.20. Kiswel Ltd

16.1.20.1. Overview

16.1.20.2. Product Portfolio

16.1.20.3. Profitability by Market Segments

16.1.20.4. Sales Footprint

16.1.20.5. Strategy Overview

16.1.20.5.1. Marketing Strategy

17. Assumptions & Acronyms Used

18. Research Methodology

List of Tables

Table 1: Global Market Value (US$ Million) Forecast by Region, 2017 to 2032

Table 2: Global Market Value (US$ Million) Forecast by Product Type, 2017 to 2032

Table 3: Global Market Value (US$ Million) Forecast by Welding Type, 2017 to 2032

Table 4: Global Market Value (US$ Million) Forecast by End Use, 2017 to 2032

Table 5: North America Market Value (US$ Million) Forecast by Country, 2017 to 2032

Table 6: North America Market Value (US$ Million) Forecast by Product Type, 2017 to 2032

Table 7: North America Market Value (US$ Million) Forecast by Welding Type, 2017 to 2032

Table 8: North America Market Value (US$ Million) Forecast by End Use, 2017 to 2032

Table 9: Latin America Market Value (US$ Million) Forecast by Country, 2017 to 2032

Table 10: Latin America Market Value (US$ Million) Forecast by Product Type, 2017 to 2032

Table 11: Latin America Market Value (US$ Million) Forecast by Welding Type, 2017 to 2032

Table 12: Latin America Market Value (US$ Million) Forecast by End Use, 2017 to 2032

Table 13: Europe Market Value (US$ Million) Forecast by Country, 2017 to 2032

Table 14: Europe Market Value (US$ Million) Forecast by Product Type, 2017 to 2032

Table 15: Europe Market Value (US$ Million) Forecast by Welding Type, 2017 to 2032

Table 16: Europe Market Value (US$ Million) Forecast by End Use, 2017 to 2032

Table 17: Asia Pacific Market Value (US$ Million) Forecast by Country, 2017 to 2032

Table 18: Asia Pacific Market Value (US$ Million) Forecast by Product Type, 2017 to 2032

Table 19: Asia Pacific Market Value (US$ Million) Forecast by Welding Type, 2017 to 2032

Table 20: Asia Pacific Market Value (US$ Million) Forecast by End Use, 2017 to 2032

Table 21: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2017 to 2032

Table 22: Middle East and Africa Market Value (US$ Million) Forecast by Product Type, 2017 to 2032

Table 23: Middle East and Africa Market Value (US$ Million) Forecast by Welding Type, 2017 to 2032

Table 24: Middle East and Africa Market Value (US$ Million) Forecast by End Use, 2017 to 2032

Sneha Verghese

Principal Consultant

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List of Charts

Figure 1: Global Market Value (US$ Million) by Product Type, 2022 to 2032

Figure 2: Global Market Value (US$ Million) by Welding Type, 2022 to 2032

Figure 3: Global Market Value (US$ Million) by End Use, 2022 to 2032

Figure 4: Global Market Value (US$ Million) by Region, 2022 to 2032

Figure 5: Global Market Value (US$ Million) Analysis by Region, 2017 to 2032

Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2022 to 2032

Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2022 to 2032

Figure 8: Global Market Value (US$ Million) Analysis by Product Type, 2017 to 2032

Figure 9: Global Market Value Share (%) and BPS Analysis by Product Type, 2022 to 2032

Figure 10: Global Market Y-o-Y Growth (%) Projections by Product Type, 2022 to 2032

Figure 11: Global Market Value (US$ Million) Analysis by Welding Type, 2017 to 2032

Figure 12: Global Market Value Share (%) and BPS Analysis by Welding Type, 2022 to 2032

Figure 13: Global Market Y-o-Y Growth (%) Projections by Welding Type, 2022 to 2032

Figure 14: Global Market Value (US$ Million) Analysis by End Use, 2017 to 2032

Figure 15: Global Market Value Share (%) and BPS Analysis by End Use, 2022 to 2032

Figure 16: Global Market Y-o-Y Growth (%) Projections by End Use, 2022 to 2032

Figure 17: Global Market Attractiveness by Product Type, 2022 to 2032

Figure 18: Global Market Attractiveness by Welding Type, 2022 to 2032

Figure 19: Global Market Attractiveness by End Use, 2022 to 2032

Figure 20: Global Market Attractiveness by Region, 2022 to 2032

Figure 21: North America Market Value (US$ Million) by Product Type, 2022 to 2032

Figure 22: North America Market Value (US$ Million) by Welding Type, 2022 to 2032

Figure 23: North America Market Value (US$ Million) by End Use, 2022 to 2032

Figure 24: North America Market Value (US$ Million) by Country, 2022 to 2032

Figure 25: North America Market Value (US$ Million) Analysis by Country, 2017 to 2032

Figure 26: North America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032

Figure 27: North America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032

Figure 28: North America Market Value (US$ Million) Analysis by Product Type, 2017 to 2032

Figure 29: North America Market Value Share (%) and BPS Analysis by Product Type, 2022 to 2032

Figure 30: North America Market Y-o-Y Growth (%) Projections by Product Type, 2022 to 2032

Figure 31: North America Market Value (US$ Million) Analysis by Welding Type, 2017 to 2032

Figure 32: North America Market Value Share (%) and BPS Analysis by Welding Type, 2022 to 2032

Figure 33: North America Market Y-o-Y Growth (%) Projections by Welding Type, 2022 to 2032

Figure 34: North America Market Value (US$ Million) Analysis by End Use, 2017 to 2032

Figure 35: North America Market Value Share (%) and BPS Analysis by End Use, 2022 to 2032

Figure 36: North America Market Y-o-Y Growth (%) Projections by End Use, 2022 to 2032

Figure 37: North America Market Attractiveness by Product Type, 2022 to 2032

Figure 38: North America Market Attractiveness by Welding Type, 2022 to 2032

Figure 39: North America Market Attractiveness by End Use, 2022 to 2032

Figure 40: North America Market Attractiveness by Country, 2022 to 2032

Figure 41: Latin America Market Value (US$ Million) by Product Type, 2022 to 2032

Figure 42: Latin America Market Value (US$ Million) by Welding Type, 2022 to 2032

Figure 43: Latin America Market Value (US$ Million) by End Use, 2022 to 2032

Figure 44: Latin America Market Value (US$ Million) by Country, 2022 to 2032

Figure 45: Latin America Market Value (US$ Million) Analysis by Country, 2017 to 2032

Figure 46: Latin America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032

Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032

Figure 48: Latin America Market Value (US$ Million) Analysis by Product Type, 2017 to 2032

Figure 49: Latin America Market Value Share (%) and BPS Analysis by Product Type, 2022 to 2032

Figure 50: Latin America Market Y-o-Y Growth (%) Projections by Product Type, 2022 to 2032

Figure 51: Latin America Market Value (US$ Million) Analysis by Welding Type, 2017 to 2032

Figure 52: Latin America Market Value Share (%) and BPS Analysis by Welding Type, 2022 to 2032

Figure 53: Latin America Market Y-o-Y Growth (%) Projections by Welding Type, 2022 to 2032

Figure 54: Latin America Market Value (US$ Million) Analysis by End Use, 2017 to 2032

Figure 55: Latin America Market Value Share (%) and BPS Analysis by End Use , 2022 to 2032

Figure 56: Latin America Market Y-o-Y Growth (%) Projections by End Use , 2022 to 2032

Figure 57: Latin America Market Attractiveness by Product Type, 2022 to 2032

Figure 58: Latin America Market Attractiveness by Welding Type, 2022 to 2032

Figure 59: Latin America Market Attractiveness by End Use , 2022 to 2032

Figure 60: Latin America Market Attractiveness by Country, 2022 to 2032

Figure 61: Europe Market Value (US$ Million) by Product Type, 2022 to 2032

Figure 62: Europe Market Value (US$ Million) by Welding Type, 2022 to 2032

Figure 63: Europe Market Value (US$ Million) by End Use, 2022 to 2032

Figure 64: Europe Market Value (US$ Million) by Country, 2022 to 2032

Figure 65: Europe Market Value (US$ Million) Analysis by Country, 2017 to 2032

Figure 66: Europe Market Value Share (%) and BPS Analysis by Country, 2022 to 2032

Figure 67: Europe Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032

Figure 68: Europe Market Value (US$ Million) Analysis by Product Type, 2017 to 2032

Figure 69: Europe Market Value Share (%) and BPS Analysis by Product Type, 2022 to 2032

Figure 70: Europe Market Y-o-Y Growth (%) Projections by Product Type, 2022 to 2032

Figure 71: Europe Market Value (US$ Million) Analysis by Welding Type, 2017 to 2032

Figure 72: Europe Market Value Share (%) and BPS Analysis by Welding Type, 2022 to 2032

Figure 73: Europe Market Y-o-Y Growth (%) Projections by Welding Type, 2022 to 2032

Figure 74: Europe Market Value (US$ Million) Analysis by End Use, 2017 to 2032

Figure 75: Europe Market Value Share (%) and BPS Analysis by End Use , 2022 to 2032

Figure 76: Europe Market Y-o-Y Growth (%) Projections by End Use , 2022 to 2032

Figure 77: Europe Market Attractiveness by Product Type, 2022 to 2032

Figure 78: Europe Market Attractiveness by Welding Type, 2022 to 2032

Figure 79: Europe Market Attractiveness by End Use, 2022 to 2032

Figure 80: Europe Market Attractiveness by Country, 2022 to 2032

Figure 81: Asia Pacific Market Value (US$ Million) by Product Type, 2022 to 2032

Figure 82: Asia Pacific Market Value (US$ Million) by Welding Type, 2022 to 2032

Figure 83: Asia Pacific Market Value (US$ Million) by End Use, 2022 to 2032

Figure 84: Asia Pacific Market Value (US$ Million) by Country, 2022 to 2032

Figure 85: Asia Pacific Market Value (US$ Million) Analysis by Country, 2017 to 2032

Figure 86: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2022 to 2032

Figure 87: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032

Figure 88: Asia Pacific Market Value (US$ Million) Analysis by Product Type, 2017 to 2032

Figure 89: Asia Pacific Market Value Share (%) and BPS Analysis by Product Type, 2022 to 2032

Figure 90: Asia Pacific Market Y-o-Y Growth (%) Projections by Product Type, 2022 to 2032

Figure 91: Asia Pacific Market Value (US$ Million) Analysis by Welding Type, 2017 to 2032

Figure 92: Asia Pacific Market Value Share (%) and BPS Analysis by Welding Type, 2022 to 2032

Figure 93: Asia Pacific Market Y-o-Y Growth (%) Projections by Welding Type, 2022 to 2032

Figure 94: Asia Pacific Market Value (US$ Million) Analysis by End Use, 2017 to 2032

Figure 95: Asia Pacific Market Value Share (%) and BPS Analysis by End Use , 2022 to 2032

Figure 96: Asia Pacific Market Y-o-Y Growth (%) Projections by End Use , 2022 to 2032

Figure 97: Asia Pacific Market Attractiveness by Product Type, 2022 to 2032

Figure 98: Asia Pacific Market Attractiveness by Welding Type, 2022 to 2032

Figure 99: Asia Pacific Market Attractiveness by End Use, 2022 to 2032

Figure 100: Asia Pacific Market Attractiveness by Country, 2022 to 2032

Figure 101: Middle East and Africa Market Value (US$ Million) by Product Type, 2022 to 2032

Figure 102: Middle East and Africa Market Value (US$ Million) by Welding Type, 2022 to 2032

Figure 103: Middle East and Africa Market Value (US$ Million) by End Use, 2022 to 2032

Figure 104: Middle East and Africa Market Value (US$ Million) by Country, 2022 to 2032

Figure 105: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2017 to 2032

Figure 106: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2022 to 2032

Figure 107: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032

Figure 108: Middle East and Africa Market Value (US$ Million) Analysis by Product Type, 2017 to 2032

Figure 109: Middle East and Africa Market Value Share (%) and BPS Analysis by Product Type, 2022 to 2032

Figure 110: Middle East and Africa Market Y-o-Y Growth (%) Projections by Product Type, 2022 to 2032

Figure 111: Middle East and Africa Market Value (US$ Million) Analysis by Welding Type, 2017 to 2032

Figure 112: Middle East and Africa Market Value Share (%) and BPS Analysis by Welding Type, 2022 to 2032

Figure 113: Middle East and Africa Market Y-o-Y Growth (%) Projections by Welding Type, 2022 to 2032

Figure 114: Middle East and Africa Market Value (US$ Million) Analysis by End Use, 2017 to 2032

Figure 115: Middle East and Africa Market Value Share (%) and BPS Analysis by End Use , 2022 to 2032

Figure 116: Middle East and Africa Market Y-o-Y Growth (%) Projections by End Use , 2022 to 2032

Figure 117: Middle East and Africa Market Attractiveness by Product Type, 2022 to 2032

Figure 118: Middle East and Africa Market Attractiveness by Welding Type, 2022 to 2032

Figure 119: Middle East and Africa Market Attractiveness by End Use, 2022 to 2032

Figure 120: Middle East and Africa Market Attractiveness by Country, 2022 to 2032