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Welding Products Market by Technology (Arc Welding, Resistance Welding, Oxy-Fuel Welding, Laser Beam Welding, and Others), Product (Stick Electrodes, Solid Wires, Flux-Cored Wires, Saw Wires and Fluxes, and Others), Application (Transportation & Automobiles, Building & Construction, Marine, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Published Date: 07-May-2021 Category: Heavy Industry Report Format : PDF Pages: 120 Report Code: ZMR-686 Status : Published

The Global Welding Products Market accounted for USD 12.18 Billion in 2020 and is expected to reach more than USD 19.21 Billion by 2028, growing at a CAGR of 5.9% from 2021 to 2028.

Description

Market Overview

The Global Welding Products Market accounted for USD 12.18 Billion in 2020 and is expected to reach more than USD 19.21 Billion by 2028, growing at a CAGR of 5.9% from 2021 to 2028.

Welding is a process that join the materials, such as thermoplastics or metals, by using high temperature to melt the parts and then to cool it, which will result in fusion. The rapid evolution of construction industry across the globe owing to the increasing demand for residential and commercial construction across economies is projected to propel the market growth.

COVID-19 Impact Analysis

The Welding Product Market is majorly impacted by COVID-19. Factories in various countries were shut down as government enforced strict lockdowns to curb the spread of COVID. The demand for welding products also decreased as a greater number of demand is associated with end-use industries market, which are also facing challenges operating during this pandemic. Construction activities and projects, including government initiatives for infrastructure projects, which were earlier running, came to a halt due to the implementation of lockdowns. Construction industry is a labor-intensive industry.

Growth Factors

Increasing pervasiveness of welding materials in building, automotive, and construction industry, increasing demand for robotic laser welding among various industries, rising new transportation projects across the globe, increasing industrialization and urbanization, technological development and advancement for welding materials are some of the reasons for the market growth.

Technological advancements, continuous improvements and manufacturing methods, application of standard and specific welding techniques are also driving the growth.

Report Scope :

Technology Segment Analysis Preview

Arc Welding segment held a share of around 20% in 2020. Arc welding requires electric current and needs inexpensive equipment. Whereas, resistance welding requires the use of additional sheets of metals and costly equipment to encase the material. The major benefit of Arc welding over other technology is the consolidation of heat enforced to a big surface that enables better welding quality by giving a depth of infiltration, which decreases the time of welding. Arc welding is the most chosen welding technology since, it’s cost effective and can also be applied to a number of metal surfaces.

Application Segment Analysis Preview

Building & Construction segment is projected to grow at a CAGR of around 6% from 2021 to 2028. Rapid infrastructure development and industrialization in the developing economies has accounted for the growing demand for the welding materials and is expected to support the market growth. Constant technological evolution to weld complex and large structures in construction industry is driving the growth. Moreover, rapid urbanization is the key factor in enhancing the demand. Increase in infrastructural development activities worldwide is anticipated to further fuel the market.

Regional Analysis Preview

Europe accounted for a share of over 20% in 2020. Existence of big automobile manufacturers such as BMW, Volkswagen, Mercedes and others, exhibits large production volume, thereby maintaining increased demand for the products.

European countries are commencing efforts to balance economic trade. It is anticipated to push the maritime activities. Moreover, rising tourism in the region is also anticipated to drive requirement for recreational marine products, hence, driving the growth of shipbuilding activities. This in turn is likely to enhance the demand and growth of welding operations.

Asia Pacific is expected to grow over the forecast period, owing to the rapid expansion of automotive industry on account of the highest automobile production in growing economies such as China, India, and Indonesia.

The rising demand for hybrid cars and electric cars on account of shifting consumer choices towards energy-efficient cars such as Toyota Prius PHV, Nissan-leaf, and others is anticipated to drive the automotive industry, and hence, anticipated to benefit the market.

Key Market Players & Competitive Landscape

Some of key players in Welding Products Market are Voestalpine AG, Colfax Corporation, Air Liquide, Illinois Tool Works Inc., The Lincoln Electric Company, HYUNDAI WELDING CO., LTD., Sandvik, OBARA CORP, Kiswel Incorporated, Mitco Weld Products Pvt. Ltd., Kemppi Oy., Senor Metals Pvt. Ltd., Rofin-Sinar, Arcon Welding Equipment, DAIHEN Corporation., Amada Miyachi, Inc., Basiloid Products Corporation, among others.

The Global Welding Products Market is segmented as follows:

By Technology

  • Arc Welding
  • Resistance Welding
  • Oxy-Fuel Welding
  • Laser Beam Welding
  • Others

By Product

  • Stick Electrodes
  • Solid Wires
  • Flux-Cored Wires
  • Saw Wires and Fluxes
  • Others

By Application

  • Transportation & Automobiles
  • Building & Construction
  • Marine
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Technulogy
        • 2.1.1.2. Market Attractiveness Analysis, By Product
        • 2.1.1.3. Market Attractiveness Analysis, By Application
        • 2.1.1.4. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Welding Products Market, 2016 – 2028 (USD Million)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Welding Products Market – Technulogy Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Technulogy, 2020 & 2028
    • 4.2. Arc Welding
      • 4.2.1. Market Size and Forecast, By Region (USD Million)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Resistance Welding
      • 4.3.1. Market Size and Forecast, By Region (USD Million)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Oxy-Fuel Welding
      • 4.4.1. Market Size and Forecast, By Region (USD Million)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.5. Laser Beam Welding
      • 4.5.1. Market Size and Forecast, By Region (USD Million)
      • 4.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.6. Others
      • 4.6.1. Market Size and Forecast, By Region (USD Million)
      • 4.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.6.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Welding Products Market – Product Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Product, 2020 & 2028
    • 5.2. Stick Electrodes
      • 5.2.1. Market Size and Forecast, By Region (USD Million)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Sulid Wires
      • 5.3.1. Market Size and Forecast, By Region (USD Million)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Flux-Cored Wires
      • 5.4.1. Market Size and Forecast, By Region (USD Million)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.5. Saw Wires and Fluxes
      • 5.5.1. Market Size and Forecast, By Region (USD Million)
      • 5.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.6. Others
      • 5.6.1. Market Size and Forecast, By Region (USD Million)
      • 5.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.6.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6 Welding Products Market – Application Segment Analysis
    • 6.1. Overview
      • 6.1.1. Market Revenue Share, By Application, 2020 & 2028
    • 6.2. Transportation & Automobiles
      • 6.2.1. Market Size and Forecast, By Region (USD Million)
      • 6.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.3. Building & Construction
      • 6.3.1. Market Size and Forecast, By Region (USD Million)
      • 6.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.4. Marine
      • 6.4.1. Market Size and Forecast, By Region (USD Million)
      • 6.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.5. Others
      • 6.5.1. Market Size and Forecast, By Region (USD Million)
      • 6.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.5.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 7 Welding Products Market – Regional Analysis
    • 7.1. Overview
      • 7.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 7.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Million)
    • 7.2. North America
      • 7.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.2.2. North America Market Revenue, By Technulogy, 2016 – 2028
      • 7.2.3. North America Market Revenue, By Product, 2016 – 2028
      • 7.2.4. North America Market Revenue, By Application, 2016 – 2028
      • 7.2.5. U.S.
        • 7.2.5.1. U.S. Market Revenue, By Technulogy, 2016 – 2028
        • 7.2.5.2. U.S. Market Revenue, By Product, 2016 – 2028
        • 7.2.5.3. U.S. Market Revenue, By Application, 2016 – 2028
      • 7.2.6. Canada
        • 7.2.6.1. Canada Market Revenue, By Technulogy, 2016 – 2028
        • 7.2.6.2. Canada Market Revenue, By Product, 2016 – 2028
        • 7.2.6.3. Canada Market Revenue, By Application, 2016 – 2028
      • 7.2.7. Mexico
        • 7.2.7.1. Mexico Market Revenue, By Technulogy, 2016 – 2028
        • 7.2.7.2. Mexico Market Revenue, By Product, 2016 – 2028
        • 7.2.7.3. Mexico Market Revenue, By Application, 2016 – 2028
    • 7.3. Europe
      • 7.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.3.2. Europe Market Revenue, By Technulogy, 2016 – 2028
      • 7.3.3. Europe Market Revenue, By Product, 2016 – 2028
      • 7.3.4. Europe Market Revenue, By Application, 2016 – 2028
      • 7.3.5. Germany
        • 7.3.5.1. Germany Market Revenue, By Technulogy, 2016 – 2028
        • 7.3.5.2. Germany Market Revenue, By Product, 2016 – 2028
        • 7.3.5.3. Germany Market Revenue, By Application, 2016 – 2028
      • 7.3.6. France
        • 7.3.6.1. France Market Revenue, By Technulogy, 2016 – 2028
        • 7.3.6.2. France Market Revenue, By Product, 2016 – 2028
        • 7.3.6.3. France Market Revenue, By Application, 2016 – 2028
      • 7.3.7. U.K.
        • 7.3.7.1. U.K. Market Revenue, By Technulogy, 2016 – 2028
        • 7.3.7.2. U.K. Market Revenue, By Product, 2016 – 2028
        • 7.3.7.3. U.K. Market Revenue, By Application, 2016 – 2028
      • 7.3.8. Italy
        • 7.3.8.1. Italy Market Revenue, By Technulogy, 2016 – 2028
        • 7.3.8.2. Italy Market Revenue, By Product, 2016 – 2028
        • 7.3.8.3. Italy Market Revenue, By Application, 2016 – 2028
      • 7.3.9. Spain
        • 7.3.9.1. Spain Market Revenue, By Technulogy, 2016 – 2028
        • 7.3.9.2. Spain Market Revenue, By Product, 2016 – 2028
        • 7.3.9.3. Spain Market Revenue, By Application, 2016 – 2028
      • 7.3.10. Rest of Europe
        • 7.3.10.1. Rest of Europe Market Revenue, By Technulogy, 2016 – 2028
        • 7.3.10.2. Rest of Europe Market Revenue, By Product, 2016 – 2028
        • 7.3.10.3. Rest of Europe Market Revenue, By Application, 2016 – 2028
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.4.2. Asia Pacific Market Revenue, By Technulogy, 2016 – 2028
      • 7.4.3. Asia Pacific Market Revenue, By Product, 2016 – 2028
      • 7.4.4. Asia Pacific Market Revenue, By Application, 2016 – 2028
      • 7.4.5. China
        • 7.4.5.1. China Market Revenue, By Technulogy, 2016 – 2028
        • 7.4.5.2. China Market Revenue, By Product, 2016 – 2028
        • 7.4.5.3. China Market Revenue, By Application, 2016 – 2028
      • 7.4.6. Japan
        • 7.4.6.1. Japan Market Revenue, By Technulogy, 2016 – 2028
        • 7.4.6.2. Japan Market Revenue, By Product, 2016 – 2028
        • 7.4.6.3. Japan Market Revenue, By Application, 2016 – 2028
      • 7.4.7. India
        • 7.4.7.1. India Market Revenue, By Technulogy, 2016 – 2028
        • 7.4.7.2. India Market Revenue, By Product, 2016 – 2028
        • 7.4.7.3. India Market Revenue, By Application, 2016 – 2028
      • 7.4.8. South Korea
        • 7.4.8.1. South Korea Market Revenue, By Technulogy, 2016 – 2028
        • 7.4.8.2. South Korea Market Revenue, By Product, 2016 – 2028
        • 7.4.8.3. South Korea Market Revenue, By Application, 2016 – 2028
      • 7.4.9. South-East Asia
        • 7.4.9.1. South-East Asia Market Revenue, By Technulogy, 2016 – 2028
        • 7.4.9.2. South-East Asia Market Revenue, By Product, 2016 – 2028
        • 7.4.9.3. South-East Asia Market Revenue, By Application, 2016 – 2028
      • 7.4.10. Rest of Asia Pacific
        • 7.4.10.1. Rest of Asia Pacific Market Revenue, By Technulogy, 2016 – 2028
        • 7.4.10.2. Rest of Asia Pacific Market Revenue, By Product, 2016 – 2028
        • 7.4.10.3. Rest of Asia Pacific Market Revenue, By Application, 2016 – 2028
    • 7.5. Latin America
      • 7.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.5.2. Latin America Market Revenue, By Technulogy, 2016 – 2028
      • 7.5.3. Latin America Market Revenue, By Product, 2016 – 2028
      • 7.5.4. Latin America Market Revenue, By Application, 2016 – 2028
      • 7.5.5. Brazil
        • 7.5.5.1. Brazil Market Revenue, By Technulogy, 2016 – 2028
        • 7.5.5.2. Brazil Market Revenue, By Product, 2016 – 2028
        • 7.5.5.3. Brazil Market Revenue, By Application, 2016 – 2028
      • 7.5.6. Argentina
        • 7.5.6.1. Argentina Market Revenue, By Technulogy, 2016 – 2028
        • 7.5.6.2. Argentina Market Revenue, By Product, 2016 – 2028
        • 7.5.6.3. Argentina Market Revenue, By Application, 2016 – 2028
      • 7.5.7. Rest of Latin America
        • 7.5.7.1. Rest of Latin America Market Revenue, By Technulogy, 2016 – 2028
        • 7.5.7.2. Rest of Latin America Market Revenue, By Product, 2016 – 2028
        • 7.5.7.3. Rest of Latin America Market Revenue, By Application, 2016 – 2028
    • 7.6. The Middle-East and Africa
      • 7.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.6.2. The Middle-East and Africa Market Revenue, By Technulogy, 2016 – 2028
      • 7.6.3. The Middle-East and Africa Market Revenue, By Product, 2016 – 2028
      • 7.6.4. The Middle-East and Africa Market Revenue, By Application, 2016 – 2028
      • 7.6.5. GCC Countries
        • 7.6.5.1. GCC Countries Market Revenue, By Technulogy, 2016 – 2028
        • 7.6.5.2. GCC Countries Market Revenue, By Product, 2016 – 2028
        • 7.6.5.3. GCC Countries Market Revenue, By Application, 2016 – 2028
      • 7.6.6. South Africa
        • 7.6.6.1. South Africa Market Revenue, By Technulogy, 2016 – 2028
        • 7.6.6.2. South Africa Market Revenue, By Product, 2016 – 2028
        • 7.6.6.3. South Africa Market Revenue, By Application, 2016 – 2028
      • 7.6.7. Rest of Middle-East Africa
        • 7.6.7.1. Rest of Middle-East Africa Market Revenue, By Technulogy, 2016 – 2028
        • 7.6.7.2. Rest of Middle-East Africa Market Revenue, By Product, 2016 – 2028
        • 7.6.7.3. Rest of Middle-East Africa Market Revenue, By Application, 2016 – 2028
  • Chapter No. 8 Welding Products Market – Industry Analysis
    • 8.1. Introduction
    • 8.2. Market Drivers
    • 8.3. Market Restraints
    • 8.4. Market Opportunities
    • 8.5. Porter’s Five Forces Analysis
    • 8.6. PEST Analysis
    • 8.7. Regulatory Landscape
    • 8.8. Technulogy Landscape
    • 8.9. Regional Market Trends
      • 8.9.1. North America
      • 8.9.2. Europe
      • 8.9.3. Asia Pacific
      • 8.9.4. Latin America
      • 8.9.5. The Middle-East and Africa
    • 8.10. Pricing Analysis
    • 8.11. Value Chain Analysis
    • 8.12. Downstream Buyers
    • 8.13. Distributors/Traders List
  • Chapter No. 9 Competitive Landscape
    • 9.1. Company Market Share Analysis – 2019
      • 9.1.1. Global Welding Products Market: Company Market Share, 2019
      • 9.1.2. Global Welding Products Market, Company Market Revenue, 2016 – 2019 (USD Million)
      • 9.1.3. Global Welding Products Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 9.1.4. Global Welding Products Market: Radar Determinant Chart, 2019
    • 9.2. Strategic Developments
      • 9.2.1. Acquisitions & Mergers
      • 9.2.2. New Product Launch
      • 9.2.3. Regional Expansion
    • 9.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 10: Company Profiles
    • 10.1. Culfax Corporation
    • 10.2. voestalpine AG
    • 10.3. Air Liquide
    • 10.4. The Linculn Electric Company
    • 10.5. Illinois Toul Works Inc.
    • 10.6. HYUNDAI WELDING CO., LTD.
    • 10.7. OBARA CORP
    • 10.8. Sandvik
    • 10.9. Kiswel Incorporated
    • 10.10. Kemppi Oy.
    • 10.11. Basiloid Products Corporation
    • 10.12. Amada Miyachi, Inc.
  • Chapter No. 11: Marketing Strategy Analysis
    • 11.1. Marketing Channel
    • 11.2. Direct Marketing
    • 11.3. Indirect Marketing
    • 11.4. Marketing Channel Development Trends
    • 11.5. Economic/Pulitical Environmental Change
  • Chapter No. 12: Research Methodulogy
    • 12.1. Research Methodulogy
    • 12.2. Phase I - Secondary Research
    • 12.3. Phase II - Data Modeling
      • 12.3.1. Company Share Analysis Model
      • 12.3.2. Revenue Based Modeling
    • 12.4. Phase III - Primary Research
    • 12.5. Research Limitations
      • 12.5.1. Assumptions

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Welding Products market. Zion Research has collected and analyzed key data belong to the global Welding Products market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Welding Products across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Welding Products industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Welding Products market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Welding is a sculptural process that joins materials, mainly thermoplastics or metals by resulting into fusion which does not melt the base metal. Welding processes have been applied since the initiation of the industrial revolution. Different energy sources are used for welding process including gas flames, electric arcs, lasers, electric resistance, molten metal baths, friction, electron beams and ultrasound. These welding products are applied in various industries like marine, automobile, construction, manufacturing and offshore. Welding is the only technique used to join materials permanently in space and underwater applications.

The incredible growth in the construction and automobile industry in emerging economies like India and China is likely to be the driving factor for welding products globally. Rapid urbanization and industrialization in developing countries are the rising factors in the growth of construction and automobile industries which in turn is expected to result in high demand for welding products. However, slow acceptance of new welding technologies in developing countries like India is a restraint for the growth of the welding products. Shortage of skilled labor for the welding process also can hamper the market.A rise in the demand for wind energy systems is likely to create requirements for efficiency in wind tower fabrication resulting into the need for welding products. So, high potential for welding products in wind energy industry can turn as an opportunity to welding products market.

Global-Welding-Products-Market

The global market for welding products is segmented on the basis of technology, product, application and region.By technology, the market is divided into resistance welding, arc welding, oxy-fuel welding, beam welding and others.

the technology of arc welding accounted for over 48% share of the overall welding technology segment for the year 2016 followed by resistance welding segment with over 20% share. On the basis of product, the welding product market is segmented into flux cored wires, SAW wires, and fluxes, stick electrode, solid wires, and others. Stick electrodes have exhibited high demand statistics due to the presence of large end-user industries, especially in Asia Pacific. By application, the market is segmented into building & construction, automobile and transportation, marine and others amongst which automobile & transportation is leading the market.

 On the basis of region, the market is segmented into Asia-Pacific Region, Western Europe, Eastern Europe, North America, Japan and Middle East Africa. Asia Pacific region is dominating the welding products market due to the presence of large end–user industries in the region. North America and Europe are expected to show moderate growth due to skilled and cheap labor shortage in the region.Middle Eastern Africa is expected to experience growth because of growing automotive industry and raw material availability which is required for the transportation industry.

Key vendors in welding product market are Fronius International GmbH, Sonics & Materials, Inc., Arcon Welding, ROFIN-SINAR Technologies Inc, DAIHEN Corporation, Basiloid Products Corp., Miyachi America Corporation, Obara Corporation Vinyl Technology, Inc. and Blue Grass Manufacturing Co., Inc. among others.


Frequently Asked Questions

The Global Welding Products Market was valued at USD 12.18 Billion in 2020.

The Global Welding Products Market is expected to reach USD 19.21 Billion by 2028, growing at a CAGR of 5.9% between 2021 to 2028.

 

Some of the key factors driving the Global Welding Products Market growth are Increasing pervasiveness of welding materials in building, automotive, and construction industry, increasing demand for robotic laser welding among various industries, rising new transportation projects across the globe, increasing industrialization and urbanization.

Europe region held a substantial share of the Welding Products Market in 2020. Asia Pacific region is projected to grow at a significant rate owing to the rising demand for organic products owing to rapid urbanization and development.

Some of key players in Welding Products Market are voestalpine AG, Colfax Corporation, Air Liquide, Illinois Tool Works Inc., The Lincoln Electric Company, HYUNDAI WELDING CO., LTD., Sandvik, OBARA CORP, Kiswel Incorporated, Mitco Weld Products Pvt. Ltd., Kemppi Oy., Senor Metals Pvt. Ltd., Rofin-Sinar, Arcon Welding Equipment, DAIHEN Corporation., Amada Miyachi, Inc., Basiloid Products Corporation, among others.

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