An Incisive, In-depth Analysis on the Welding Consumables Market
This study offers a comprehensive, 360 degree analysis on the Welding Consumables market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Welding Consumables market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Key Factors Shaping Welding Consumables Market
Residential and Commercial Construction Boom in Developing Countries
Growth of the welding consumables market is driven by the growth of end-use industries and requirement of welding consumables in welding operations in these industries. The construction industry has registered decent growth in the past few years with development of residential and commercial buildings in many developing countries. Government authorities are also looking for modification and development of public infrastructure, which is expected to boost public private partnerships in the construction sector. Market players are working on expansions to augment sales through establishment of exhaustive sales channel in markets with high growth potential.
Technological Developments in Consumable Materials & Introduction of Advanced Welding Techniques
Increasing adoption of welding techniques such as laser welding and ultrasonic welding has induced an increment in welding consumables market. Efficiency and advantages of these welding methods have made them suitable for numerous applications. These methods are being preferred in various end use sectors where precision and accuracy in joints have eminent importance such as robotic appliances, electric appliances, and moving automotive parts. Increasing proclivity towards new welding techniques and use of enhanced welding consumables are expected to offer robust growth opportunities for the market.
Lucrative Opportunities in Asia Pacific excluding Japan and Middle East and Africa
North America and Europe markets are projected to sustain their prominent share in the global market by the end of 2029. However, in terms of growth perspective, Middle East and Africa and Asia Pacific excluding Japan are projected to have more potential over the forecast period. Construction initiatives in numerous developing nations and infrastructure development in Kingdom of Saudi Arabia and UAE are expected to propel welding consumables market growth in these regions. Flourishing end-use sectors, for instance, established and strong automobile, manufacturing, and construction industries in prominent countries such as China and India, to propel market growth.
Effectiveness and Advantages of Welding over Other Alternatives
Welding solutions have numerous advantageous over alternative processes such as riveting, which is anticipated to project a promising picture for welding consumables market. Welding is preferred due to its reliable and relatively pliant joints, low labour costs, and ease in fabrication of welded components. All these advantages result in increasing traction towards welding in different end use industries. The inclination towards adoption of welding has subsequently elevated sales of welding consumables across the globe.
Welding Consumables Market Structure Analysis
- The market for welding consumables is highly competitive, with numerous regional and small-scale players accounting for more than half of the market pie.
- Global players are strengthening their position in regional markets where they have relatively lower presence through mergers and acquisitions of regional entities. Such strategies are transforming the market into a consolidated one, across the globe.
- Key participants in the welding consumables market such as Colfax Corporation, Denyo Co., Ltd., The Lincoln Electric Company, Voestalpine AG, Ltd., Illinois Tool Works Inc., Hyundai Welding Co., Kemppi Oy, and Air Liquide, among others, are focusing on new product development.
FREQUENTLY ASKED QUESTIONS ABOUT Welding Consumables Market
How will the welding consumables market be critical in the future?
Welding consumables continues to dominate the market as preferred technology due to its reliability, strength and relatively lower operational cost. This technology offers a pliant assembly of joined parts, no requirement of skilled workforce to carry out the process and ease in fabrication. All these benefits offered by use of welding to propel the market at a decent pace over the forecast period.
Will presence of substitute products affect the future trajectory of the welding consumables market?
Welding is regarded as the most easy and reliable technique for joining of two metal bodies. Although with and increasing use of other technologies to replace welding such as nonmetallic glue, soldering and brazing are expected to replace welding in specific applications and are anticipated to jeopardize market of welding consumables market
Which application area holds potential growth opportunities for market players?
Building and construction and marine applications to hold a noteworthy share in the global market. Although due to the increasing demand from the other segment such as oil and gas industries, fabrication applications the other segment is projected as the segment to register substantial market share throughout the slated course of time.
What is the degree of competition in the lead-acid batteries market?
The welding consumables market is a highly competitive market with presence of numerous players in the market. Although due to the intense ongoing mergers and acquisitions activities by the global market players the market is steadily moving towards consolidation with global players collectively holding majority of the share in the global market.
Which region will lead the global sales of welding consumables?
Asia Pacific Excluding Japan (APEJ) to sustain its market share and emerge as the most lucrative and established market with countries like China and India with established manufacturing clusters for end use applications and at the same time emerging and developing markets for these end use applications.
Welding Consumables Market: Global Industry Analysis 2015-2018 & Opportunity Assessment 2019-2026
The global report published by Future Market Insights (FMI) offers exhaustive insights on the welding consumables market, including historical developments, growth prospective in the coming years, influencing economic and market dynamics, as well as competition scenario across various regions.
Welding Consumables Market: Segmentation
The global welding consumables market is segmented on the basis of welding consumables, application, and region.
Chapter 01 – Executive Summary
The executive summary of the welding consumables market includes a summary of the market trends, key findings, trends, analysis, and recommendations for market growth.
Chapter 02 – Market Overview
Market definition, key inclusions, and market taxonomy of the welding consumables market report are covered in this chapter.
Chapter 03 – Key Market Developments
Key market trends currently transforming the welding consumables market landscape are presented in this section.
Chapter 04 – Key Success Factors
This chapter provides a list of key success factors for the manufacturers operating in the welding consumables market.
Chapter 05 – Global Welding Consumables Market Demand Analysis 2015-2018 & Opportunity Assessment 2019-2026
Value analysis and forecast for the welding consumables market for the period of 2015-2026 are provided in this chapter.
Chapter 06 – Pricing Analysis
Pricing analysis of welding consumables on the basis of by welding consumables is mentioned in this chapter. Weighted average price based on region can also be found.
Chapter 07 – Global Welding Consumables Market Value Demand Analysis 2015-2018 & Opportunity Assessment 2019-2026
This chapter provides historical market value for the period 2015-2018 along with market forecast for the projected period of 2019-2026. Absolute $ opportunity and market trends for the welding consumables market are also mentioned in this chapter.
Chapter 08 – Market Background
The market background section of the welding consumables market report covers macroeconomic factors, drivers, restraints, opportunity analysis, and forecast factors, which are anticipated to influence the growth of the market over the projected period.
Chapter 09 – Global Welding Consumables Market Analysis 2015-2018 & Opportunity Assessment 2019-2026, by Welding Consumables
By welding consumables, the market is segmented into stick electrodes, solid wires, flux cored wires, saw wires & fluxes, and others. In this chapter, readers can find information about key trends and developments in the welding consumables market and market attractiveness analysis.
Chapter 10 – Global Welding Consumables Market Analysis 2015-2018 & Opportunity Assessment 2019-2026, by Application
This chapter is segmented into automotive & transportation, building & construction, marine, and others. In this chapter, readers can understand the market attractiveness analysis based on application.
Chapter 15 – Global Welding Consumables Market Analysis 2015-2018 & Opportunity Assessment 2019-2026, by Region
This chapter provides welding consumables market growth prospects across several geographic regions such as North America, Latin America, Western Europe, Eastern Europe, APEJ, the Middle East & Africa, and Japan.
Chapter 16 – North America Welding Consumables Market Analysis 2015-2018 & Opportunity Assessment 2019-2026
This chapter includes a detailed analysis of growth trends of the North America welding consumables market, pricing analysis, and regional trends, along with a country-wise assessment that includes the U.S. and Canada.
Chapter 17 – Latin America Welding Consumables Market Analysis 2015-2018 & Opportunity Assessment 2019-2026
Important growth prospects of the welding consumables market based on its end users in several countries such as Brazil, Mexico, and the Rest of Latin America are included in this chapter.
Chapter 18 –Western Europe Welding Consumables Market Analysis 2015-2018 & Opportunity Assessment 2019-2026
This chapter offers market scenario and opportunities across all segments, and Germany, France, the U.K., Italy, and Spain are key regions considered.
Chapter 18 – Eastern Europe Welding Consumables Market Analysis 2015-2018 & Opportunity Assessment 2019-2026
This chapter offers market scenario and opportunities across all segments, and Russia and Poland are the key countries considered.
Chapter 19 – APEJ Welding Consumables Market Analysis 2015-2018 & Opportunity Assessment 2019-2026
Growth scenario of the welding consumables market in APEJ countries like China, India, Australia, and New Zealand, along with assessment of the market across target segments has been provided in this chapter.
Chapter 22 – MEA Welding Consumables Market Analysis 2015-2018 & Opportunity Assessment 2019-2026
This chapter highlights the growth of the welding consumables market in MEA by focusing on Turkey, South Africa, and Rest of Middle East & Africa.
Chapter 21 – Japan Welding Consumables Market Analysis 2015-2018 & Opportunity Assessment 2019-2026
Important growth prospects of Japan in the welding consumables market are included in this chapter.
Chapter 24 – Market Structure Analysis
In this chapter, detailed information about the competition tier structure analysis and market concentration of key players in the welding consumables market, along with their market presence analysis by region and product portfolio, is provided.
Chapter 25 – Competition Analysis
Detailed analysis of key players in the welding consumables market with company overview, financial performance, strategic overview, and SWOT analysis can be found in this chapter. Some of the market players featured in the report are Voestalpine AG, Colfax Corporation, The Lincoln Electric Company, Air Liquide, Hyundai Welding Co., Ltd., Illinois Tool Works Inc., Denyo Co., Ltd., and Kemppi Oy, among others.
Chapter 26 – Assumptions and Acronyms
It includes a list of acronyms and assumptions used in the welding consumables report.
Chapter 27 – Research Methodology
The research methodology used to obtain the market size of the welding consumables market is detailed in the section.
Sources and Primary Research Splits (%)