Global Welding Products Market, By Technology (Arc Welding, Resistance Welding, Oxy-Fuel Welding, Laser Beam Welding and Other), Product (Stick Electrodes, Solid Wires, Flux-Cored Wires, Saw Wires and Fluxes and Others), Application (Transportation and Automobiles, Building and Construction, Marine and Others), Level of Automation (Manual, Semi- Automatic and Automatic), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Data Bridge Market Research analyses that the welding products market will witness a CAGR of 5.23% for the forecast period. Rising urbanization or construction activities and rising technological advancements in welding products are the two major factors attributable to the growth of welding products market.
Welding products are used in the welding process. Welding is a fabrication process that is used to join the metals or thermoplastics by using high heat to melt the parts. Welding products are used by welding professionals. Arc welding, oxy- fuel welding, laser beam welding and resistance welding are the common techniques of welding. Welding gloves, aprons, helmets, dust masks and extraction systems are some of the welding accessories used by welding professionals.
Rising construction activities or rising infrastructural development of backward areas especially in the developing economies is one of the major factors promoting the demand for welding products worldwide. Surging trends of joining dissimilar and non-metallic materials is another one of the major factors fostering the growth of welding products market. Increasing focus of the manufacturers on product innovations will further bolster growth of the welding products market. Rising demand for robotic laser welding will further induce growth in the demand for welding products. Growth and expansion of automobile industry will directly propel the demand for welding products as these are used in the production of lightweight and high-quality vehicle parts.
However, lack of availability of skilled welders will pose a major challenge to the growth of welding products market. Rising cost of labour is another factor restraining the growth of welding products market.
This welding products market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on welding products market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Welding Products Market Scope and Market Size
The welding products market is segmented on the basis of technology, product, application and level of automation. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of technology, the welding products market is segmented into arc welding, resistance welding, oxy-fuel welding, laser beam welding and others.
- On the basis of product, the welding products market is segmented into stick electrodes, solid wires, flux-cored wires, saw wires and fluxes and others.
- On the basis of application, the welding products market is segmented into transportation and automobiles, building and construction, marine and others.
- On the basis of level of automation, the welding products market is segmented into manual, semi- automatic and automatic.
Welding Products Market Country Level Analysis
The welding products market is analyses and market size, volume information is provided by country by technology, product, application and level of automation as referenced above.
The countries covered in the welding products market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific spearheads the global welding products market. The region is set to undergo substantial gains and continue its trend of dominance during the forecast period as well. Growth and expansion of construction and engineering industry is one of the major factors fostering the growth of welding products market across countries in this region. Presence of various registered and unregistered market players have also fuelled up the global welding products market growth rate. Moreover, the increased focus of these industry players on the technological advancements, increased focus on the aftermarket services and increasing expenditure on the research and development activities are some other important market growth determinants.
The country section of the welding products market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Welding Products Market Share Analysis
The welding products market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to welding products market.
The major players covered in the welding products report are Colfax Corporation, voestalpine AG, Air Liquide, The Lincoln Electric Company, Illinois Tool Works Inc., HYUNDAI WELDING CO., LTD., OBARA CORP, Sandvik AB; (publ), Kiswel Inc., Kemppi Oy., Mitco Weld Products Pvt. Ltd., Senor Metals Pvt. Ltd., Arcon Welding Equipment, Rofin-Sinar, DAIHEN Corporation., Basiloid Products Corp., AMADA WELD TECH, ESAB., RME MIDDLE EAST FZCO and capilla GmbH among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.