Welding Equipment, Accessories & Consumables Market
Welding Equipment, Accessories & Consumables Market Size, Share & Trends Analysis Report by Equipment (Electrodes & Filler Metal, Oxy-fuel Gas, and Others), by Technology (Arc Welding, Oxy-fuel Welding, and Others), and by End-User (Automotive, Construction and Infrastructure, Shipbuilding, Power Generation, and Others) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
Welding equipment, accessories & consumables market is anticipated to grow at a CAGR of4.7% during the forecast period. The growing adoption of welding equipment, accessories & consumables by multiple industries across the globe is expected to boost the growth of the welding equipment, accessories & consumables market over the forecast period. Key players are launching welding equipment to cater to the demand of industries and to stay competitive in the market. For instance, in February 2021, Lincoln Electric Holdings, Inc, manufacturer of welding products, arc welding equipment, welding consumables, and others launched Vantage 441X, a new addition to the Vantage line of diesel engine-driven welder/generators. The engine is designed to deliver power, dependability, and flexibility to operators. The product is equipped with a 41hp (horsepower), turbocharged Perkins diesel engine and provides true IEC-rated 400-amp, 100% duty cycle DC welding output. Additionally, the Vantage 441X welder/generator delivers superior SMAW (shielded metal arc welding) capabilities and features customized weld modes for carbon steel, aluminum, and stainless steel. For more advanced applications, the engine also includes dedicated SAW (submerged-arc welding) and orbital pipe modes, along with synergic pulse capabilities for better arc performance in GMAW (Gas metal arc welding) welding.
Segmental Outlook
The global welding equipment, accessories & consumables market is segmented based on the equipment, technology, and end-user. Based on the equipment, the market is sub-segmented into electrodes & filler metal, oxy-fuel gas, and others. Based on the technology, the market is sub-segmented into arc welding, oxy-fuel welding, and others. Based on the end-user, the market is further sub-segmented into automotive, construction and infrastructure, shipbuilding, power generation, and others. Among these, the arc welding segment is expected to hold a considerable share of the market due to the rising usage of arc welding in offshore infrastructure development operations, maintenance, and repair of pipelines, process equipment, and in nuclear facilities which drive the welding equipment, accessories & consumables market.
Among end-users, the automotive sub-segment is expected to hold a prominent share in the welding equipment, accessories & consumables market over the forecast period. The demand for tools and robotics in the automotive industry is increasing as the global demand for cars continues to rise. According to the US Department of Transportation, world motor vehicle production is 40.5 million in 2021. As a result, demand for welding equipment will increase over the forecast period. Additionally, In the automotive industry, welding consumables are used in the fabrication of lightweight and high-quality vehicle parts which is further driving the market growth.
Regional Outlooks
The global welding equipment, accessories & consumables market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. The European region is expected to hold a considerable share in the welding equipment, accessories & consumables market during the forecast period, owing to rising demand for a variety of welding equipment from the automotive, electronics, transportation, and other industries in the region.
Global Welding Equipment, Accessories & Consumables Market Growth, by Region 2022-2028
The Asia-Pacific Region is Expected to Hold a Significant Share in the Global Welding Equipment, Accessories & Consumables Market
Among all regions, Asia-Pacific is expected to hold a significant market share during the forecast period owing to the increasingly favorable investment policies, growing economies, and growing automotive industry in the region, which increases the demand for welding equipment, accessories & consumables. Key automotive manufacturing companies are expanding their manufacturing plant in Japan to cater to the demand for automotive parts in the region. For instance, in May 2022, GESTAMP SERVICIOS, S.A. expanded its production plant of automotive hot stamping parts by building a new plant on its premises in Matsusaka, Japan. The expansion meets the increasing demand for parts from Japanese automobile manufacturers.
Market Players Outlook
The major companies serving the global welding equipment, accessories & consumables market include ACRO Automation Systems Inc., Air Liquide S.A., Banner Welding Inc., Daihen Corp., Denyo Co., Ltd., Emerson Electric Co., Forward Sonic Tech Co. Ltd., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in November 2019, ESAB Corp. launched Pipeweld Orbiter mechanized welding system at FABTECH 2019. It is designed for welding pipeline tie-ins and special sections such as road and river crossings. Pipeweld Orbiter can lower cost-per-joint by 40% and it combines the productivity benefits of mechanized welding with the high deposition rates and familiarity of flux-cored welding.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global welding equipment, accessories & consumables market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Welding Equipment, Accessories & Consumables Market by Equipment
4.1.1. Electrodes & Filler Metal Equipment
4.1.2. Oxy-fuel Gas Equipment
4.1.3. Other Equipment
4.2. Global Welding Equipment, Accessories & Consumables Market by Technology
4.2.1. Arc Welding
4.2.2. Oxy-fuel Welding
4.2.3. Others (Gas Welding)
4.3. Global Welding Equipment, Accessories & Consumables Market by End-User
4.3.1. Automotive
4.3.2. Construction and Infrastructure
4.3.3. Shipbuilding
4.3.4. Power Generation
4.3.5. Others (Offshore, Pipe Mill, Pipeline)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. ACRO Automation Systems Inc.
6.2. Air Liquide S.A.
6.3. Banner Welding Inc.
6.4. Daihen Corp.
6.5. Denyo Co., Ltd.
6.6. Emerson Electric Co.
6.7. Forward Sonic Tech Co. Ltd.
6.8. Fronius International GmbH
6.9. Hyundai Welding Co., Ltd.
6.10. Illinois Tool Works Inc.
6.11. Kobe Steel Ltd
6.12. Kormax System Inc.
6.13. Lincoln Electric Holdings, Inc.
6.14. Mitco Weld Products Pvt. Ltd.
6.15. Nippon Avionics Co. Ltd.
6.16. Obara Group Inc.
6.17. Panasonic Holdings Corp.
6.18. SONICS & MATERIALS, INC.
6.19. TIANJIN BRIDGE WELDING MATERIALS CO., LTD.
6.20. VOESTALPINE AG
1. GLOBAL WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET RESEARCH AND ANALYSIS BY EQUIPMENT, 2021-2028 ($ MILLION)
2. GLOBAL ELECTRODES & FILLER METAL EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL OXY-FUEL GAS EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL OTHER EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
6. GLOBAL ARC WELDING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL OXY-FUEL WELDING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION
8. GLOBAL OTHER WELDING TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
10. GLOBAL WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES IN AUTOMOTIVE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES IN CONSTRUCTION AND INFRASTRUCTURE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES IN SHIPBUILDING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES IN POWER GENERATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES IN OTHER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. GLOBAL WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16. NORTH AMERICAN WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
17. NORTH AMERICAN WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET RESEARCH AND ANALYSIS BY EQUIPMENT, 2021-2028 ($ MILLION)
18. NORTH AMERICAN WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
19. NORTH AMERICAN WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
20. EUROPEAN WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
21. EUROPEAN WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET RESEARCH AND ANALYSIS BY EQUIPMENT, 2021-2028 ($ MILLION)
22. EUROPEAN WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
23. EUROPEAN WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
24. ASIA-PACIFIC WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
25. ASIA-PACIFIC WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET RESEARCH AND ANALYSIS BY EQUIPMENT, 2021-2028 ($ MILLION)
26. ASIA-PACIFIC WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
27. ASIA-PACIFIC WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
28. REST OF THE WORLD WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
29. REST OF THE WORLD WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET RESEARCH AND ANALYSIS BY EQUIPMENT, 2021-2028 ($ MILLION)
30. REST OF THE WORLD WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
31. REST OF THE WORLD WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
1. GLOBAL WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET SHARE BY EQUIPMENT, 2021 VS 2028 (%)
2. GLOBAL ELECTRODES & FILLER METAL EQUIPMENT MARKET SHARE BY REGION, 2021 VS 2028 (%)
3. GLOBAL OXY-FUEL GAS EQUIPMENT MARKET SHARE BY REGION, 2021 VS 2028 (%)
4. GLOBAL OTHER EQUIPMENT MARKET SHARE BY REGION, 2021 VS 2028 (%)
5. GLOBAL WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET SHARE BY TECHNOLOGY, 2021 VS 2028 (%)
6. GLOBAL ARC WELDING MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL OXY-FUEL WELDING MARKET SHARE BY REGION, 2021 VS 2028 (%)
8. GLOBAL OTHER TECHNOLOGY MARKET SHARE BY REGION, 2021 VS 2028 (%)
9. GLOBAL WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET SHARE BY END-USER, 2021 VS 2028 (%)
10. GLOBAL WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES IN AUTOMOTIVE MARKET SHARE BY REGION, 2021 VS 2028 (%)
11. GLOBAL WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES IN CONSTRUCTION AND INFRASTRUCTURE MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. GLOBAL WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES IN SHIPBUILDING MARKET SHARE BY REGION, 2021 VS 2028 (%)
13. GLOBAL WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES IN POWER GENERATION MARKET SHARE BY REGION, 2021 VS 2028 (%)
14. GLOBAL WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES IN OTHER MARKET SHARE BY REGION, 2021 VS 2028 (%)
15. GLOBAL WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET SHARE BY REGION, 2021 VS 2028 (%)
16. US WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET SIZE, 2021-2028 ($ MILLION)
17. CANADA WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET SIZE, 2021-2028 ($ MILLION)
18. UK WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET SIZE, 2021-2028 ($ MILLION)
19. FRANCE WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET SIZE, 2021-2028 ($ MILLION)
20. GERMANY WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET SIZE, 2021-2028 ($ MILLION)
21. ITALY WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET SIZE, 2021-2028 ($ MILLION)
22. SPAIN WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET SIZE, 2021-2028 ($ MILLION)
23. REST OF EUROPE WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET SIZE, 2021-2028 ($ MILLION)
24. INDIA WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET SIZE, 2021-2028 ($ MILLION)
25. CHINA WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET SIZE, 2021-2028 ($ MILLION)
26. JAPAN WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET SIZE, 2021-2028 ($ MILLION)
27. SOUTH KOREA WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET SIZE, 2021-2028 ($ MILLION)
28. REST OF ASIA-PACIFIC WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET SIZE, 2021-2028 ($ MILLION)
29. REST OF THE WORLD WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET SIZE, 2021-2028 ($ MILLION)
