The global Welding Consumables Market size was valued at USD 15.3 Billion in 2021 and is expected to grow by USD 22.12 Billion in 2028 at a CAGR of 5.58%. With an increasing tendency toward combining two different metals, need for novel and customized metal shapes/designs, rising fabrication, and uses in other intensive industries such as automotive, manufacturing, and oil and gas, the market for welding consumables is exploding. Other important reasons driving to the market's growth include the introduction of numerous welding technologies, primarily resistance spot and plasma welding, as well as the widespread implementation of robotic welding solutions. For example, Yaskawa Motoman announced the ArcWorld 50 Series in September 2019, which is equipped with sophisticated welding functionalities such as weld inspection and process monitoring. Furthermore, the welding sector is being boosted by manufacturers' ongoing creation of improved grades of raw materials with novel properties.
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The study addresses the elements driving the worldwide Welding Consumables Market. Traders and investors can use this data to strategize to increase market share and newcomers can use it to locate opportunities and grow in the business. There are also some restrictions on the expansion of this market. The Welding Consumables Market study also provides company biographies, SWOT analysis and business strategies for major industry players. In addition, the research focuses on key industry players, providing details such as business descriptions, skills, current financials and company advancements.
The report begins with a brief presentation and overview of the Welding Consumables market, about the current market landscape, market trends, major market players, product type, application and region. It also includes the impact of COVID-19 on the global Welding Consumables market trends, future forecasts, growth opportunities, end-user industries and market players. It also provides historical data, current market scenarios and future insights into the Welding Consumables market. This study provides a comprehensive understanding of market value with the product price, demand, gross margin and supply of the Welding Consumables market. The competitive perspective section of the report presents a clear insight into the market share analysis of the major players in the industry.
Global Welding Consumables Market Segmentation:
The key players covered in this study
The Lincoln Electric Company (Ohio, United States)
KOBE STEEL, LTD. (Hyogo, Japan)
ESAB (Maryland, United States)
ZULFI (Al Zulfi, Saudi Arabia)
KISWEL LTD. (Seoul, South Korea)
CS HOLDINGS CO., LTD. (Gyeongsangbuk-do, Korea)
RME MIDDLE EAST FZCO (Dubai, UAE)
voestalpine BÖHLER Edelstahl GmbH & Co KG (Austria)
capilla GmbH (Leopoldshöhe, Germany)
Market segment by Type, the product can be split into
Stick Electrodes
Solid Wires
SAW Wires & Fluxes
Flux-cored Wires
Market segment by Application, split into
Heavy Engineering
Automotive
Construction
Railways
Shipbuilding
others
Market segment by Region/Country including:
• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Spain etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
• South America (Brazil, Argentina and Colombia etc.)
• Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)
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The key points of the report:
1. The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
2. The report explores the international major industry players in detail. In this part, the report presents the company profile, product specifications, capacity, production value and market shares for each company.
3. Through the statistical analysis, the report depicts the global total market of Welding Consumables industry including capacity, production, production value, cost/profit, supply/demand import/export.
4. The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
5. The report then estimates 2022-2028 market development trends of Welding Consumables industry. Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out.
6. The report makes some important proposals for a new project of Welding Consumables Industry before evaluating its feasibility.
