The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Asia Pacific emerged as the highest market for the global welding consumables market, with a 38.46% share of the market revenue in 2023. This resulted from construction activities fueled by the expansion of the residential, commercial, and industrial sectors led by the continued prosperity of the region's economies, which increased the need for welding supplies. Due to the rapid expansion of the automotive industry and the region's high level of automobile manufacturing, the market for welding consumables in the Asia Pacific region has contributed to the growth. The presence of fast-developing economies like China, India, Indonesia, and Japan is anticipated to be advantageous for the region.
Asia Pacific Region Welding Consumables Market Share in 2023 - 38.46%
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The technology segment is divided into resistance welding, laser beam welding, arc welding, oxy-fuel welding, and others. The resistance welding segment had the highest market share of 26.01% in 2023 in the welding consumables market. The automotive industry's increasing usage of resistance welding technology for various operations, including spot welding, projection welding, and seam welding, has contributed to boosting segmental growth.
However, one of the main drivers propelling the arc welding segment growth is the leading market participants' ongoing developments in arc welding technology, such as robotic arc welding. The method allows for the flexible welding of metals in various thicknesses. Market expansion is anticipated to be fueled by the expanding use of the technology across numerous applications.
The type segment is divided into solid wires, saw wires and fluxes, stick electrodes, flux-cored wires, and others. The stick electrodes segment had the highest market share of 24.75% in 2023 in the welding consumables market. Due to their capacity to boost welding strength, high corrosion resistance & tensile strength, stick electrodes are increasingly in demand for the welding of various components.
However, the weld pool reacts with saw wires and fluxes to produce high-quality metals with the desired characteristics. This encourages the use of the material in applications, including post-weld heat treatment, pressure vessels, offshore drilling platform construction, and exploration platforms. The development of the applications' expanding use of saw wires and fluxes is anticipated to encourage the market's expansion.
1. Introduction
1.1. Objective of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Technology
4.3.2. Market Attractiveness Analysis By Type
4.3.3. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Increasing usage of welding consumables in automotive and construction sector
5.3. Restraints
5.3.1. Lack of product adoption in emerging economies
6. Global Welding Consumables Market Analysis and Forecast, By Technology
6.1. Segment Overview
6.2. Resistance Welding
6.3. Laser Beam Welding
6.4. Arc Welding
6.5. Oxy-Fuel Welding
6.6. Others
7. Global Welding Consumables Market Analysis and Forecast, By Type
7.1. Segment Overview
7.2. Solid Wires
7.3. Saw Wires and Fluxes
7.4. Stick Electrodes
7.5. Flux-Cored Wires
7.6. Others
8. Global Welding Consumables Market Analysis and Forecast, By Regional Analysis
8.1. Segment Overview
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.2.3. Mexico
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. U.K.
8.3.4. Italy
8.3.5. Spain
8.4. Asia-Pacific
8.4.1. Japan
8.4.2. China
8.4.3. India
8.5. South America
8.5.1. Brazil
8.6. Middle East and Africa
8.6.1. UAE
8.6.2. South Africa
9. Global Welding Consumables Market-Competitive Landscape
9.1. Overview
9.2. Market Share of Key Players in the Welding Consumables Market
9.2.1. Global Company Market Share
9.2.2. North America Company Market Share
9.2.3. Europe Company Market Share
9.2.4. APAC Company Market Share
9.3. Competitive Situations and Trends
9.3.1. Product Launches and Developments
9.3.2. Partnerships, Collaborations, and Agreements
9.3.3. Mergers & Acquisitions
9.3.4. Expansions
10. Company Profiles
10.1. Arcon Welding Equipment
10.1.1. Business Overview
10.1.2. Company Snapshot
10.1.3. Company Market Share Analysis
10.1.4. Company Product Portfolio
10.1.5. Recent Developments
10.1.6. SWOT Analysis
10.2. Kemppi Oy
10.2.1. Business Overview
10.2.2. Company Snapshot
10.2.3. Company Market Share Analysis
10.2.4. Company Product Portfolio
10.2.5. Recent Developments
10.2.6. SWOT Analysis
10.3. Tianjin Bridge Welding Materials Co., Ltd.
10.3.1. Business Overview
10.3.2. Company Snapshot
10.3.3. Company Market Share Analysis
10.3.4. Company Product Portfolio
10.3.5. Recent Developments
10.3.6. SWOT Analysis
10.4. Fronius International GmbH
10.4.1. Business Overview
10.4.2. Company Snapshot
10.4.3. Company Market Share Analysis
10.4.4. Company Product Portfolio
10.4.5. Recent Developments
10.4.6. SWOT Analysis
10.5. Denyo Co., Ltd.
10.5.1. Business Overview
10.5.2. Company Snapshot
10.5.3. Company Market Share Analysis
10.5.4. Company Product Portfolio
10.5.5. Recent Developments
10.5.6. SWOT Analysis
10.6. Illinois Tool Works Inc.
10.6.1. Business Overview
10.6.2. Company Snapshot
10.6.3. Company Market Share Analysis
10.6.4. Company Product Portfolio
10.6.5. Recent Developments
10.6.6. SWOT Analysis
10.7. Voestalpine AG
10.7.1. Business Overview
10.7.2. Company Snapshot
10.7.3. Company Market Share Analysis
10.7.4. Company Product Portfolio
10.7.5. Recent Developments
10.7.6. SWOT Analysis
10.8. The Lincoln Electric Company
10.8.1. Business Overview
10.8.2. Company Snapshot
10.8.3. Company Market Share Analysis
10.8.4. Company Product Portfolio
10.8.5. Recent Developments
10.8.6. SWOT Analysis
10.9. Hyundai Welding Co., Ltd.
10.9.1. Business Overview
10.9.2. Company Snapshot
10.9.3. Company Market Share Analysis
10.9.4. Company Product Portfolio
10.9.5. Recent Developments
10.9.6. SWOT Analysis
10.10. Colfax Corporation
10.10.1. Business Overview
10.10.2. Company Snapshot
10.10.3. Company Market Share Analysis
10.10.4. Company Product Portfolio
10.10.5. Recent Developments
10.10.6. SWOT Analysis
10.11. Obara Corporation
10.11.1. Business Overview
10.11.2. Company Snapshot
10.11.3. Company Market Share Analysis
10.11.4. Company Product Portfolio
10.11.5. Recent Developments
10.11.6. SWOT Analysis
10.12. Air Liquide
10.12.1. Business Overview
10.12.2. Company Snapshot
10.12.3. Company Market Share Analysis
10.12.4. Company Product Portfolio
10.12.5. Recent Developments
10.12.6. SWOT Analysis
10.13. Panasonic Corporation
10.13.1. Business Overview
10.13.2. Company Snapshot
10.13.3. Company Market Share Analysis
10.13.4. Company Product Portfolio
10.13.5. Recent Developments
10.13.6. SWOT Analysis
List of Table
1. Global Welding Consumables Market, By Technology, 2019-2031 (USD Billion)
2. Global Resistance Welding, Welding Consumables Market, By Region, 2019-2031 (USD Billion)
3. Global Laser Beam Welding, Welding Consumables Market, By Region, 2019-2031 (USD Billion)
4. Global Arc Welding, Welding Consumables Market, By Region, 2019-2031 (USD Billion)
5. Global Oxy-Fuel Welding, Welding Consumables Market, By Region, 2019-2031 (USD Billion)
6. Global Others, Welding Consumables Market, By Region, 2019-2031 (USD Billion)
7. Global Welding Consumables Market, By Type, 2019-2031 (USD Billion)
8. Global Solid Wires, Welding Consumables Market, By Region, 2019-2031 (USD Billion)
9. Global Saw Wires and Fluxes, Welding Consumables Market, By Region, 2019-2031 (USD Billion)
10. Global Stick Electrodes, Welding Consumables Market, By Region, 2019-2031 (USD Billion)
11. Global Flux-Cored Wires, Welding Consumables Market, By Region, 2019-2031 (USD Billion)
12. Global Others, Welding Consumables Market, By Region, 2019-2031 (USD Billion)
13. Global Welding Consumables Market, By Region, 2019-2031 (USD Billion)
14. North America Welding Consumables Market, By Technology, 2019-2031 (USD Billion)
15. North America Welding Consumables Market, By Type, 2019-2031 (USD Billion)
16. U.S. Welding Consumables Market, By Technology, 2019-2031 (USD Billion)
17. U.S. Welding Consumables Market, By Type, 2019-2031 (USD Billion)
18. Canada Welding Consumables Market, By Technology, 2019-2031 (USD Billion)
19. Canada Welding Consumables Market, By Type, 2019-2031 (USD Billion)
20. Mexico Welding Consumables Market, By Technology, 2019-2031 (USD Billion)
21. Mexico Welding Consumables Market, By Type, 2019-2031 (USD Billion)
22. Europe Welding Consumables Market, By Technology, 2019-2031 (USD Billion)
23. Europe Welding Consumables Market, By Type, 2019-2031 (USD Billion)
24. Germany Welding Consumables Market, By Technology, 2019-2031 (USD Billion)
25. Germany Welding Consumables Market, By Type, 2019-2031 (USD Billion)
26. France Welding Consumables Market, By Technology, 2019-2031 (USD Billion)
27. France Welding Consumables Market, By Type, 2019-2031 (USD Billion)
28. U.K. Welding Consumables Market, By Technology, 2019-2031 (USD Billion)
29. U.K. Welding Consumables Market, By Type, 2019-2031 (USD Billion)
30. Italy Welding Consumables Market, By Technology, 2019-2031 (USD Billion)
31. Italy Welding Consumables Market, By Type, 2019-2031 (USD Billion)
32. Spain Welding Consumables Market, By Technology, 2019-2031 (USD Billion)
33. Spain Welding Consumables Market, By Type, 2019-2031 (USD Billion)
34. Asia Pacific Welding Consumables Market, By Technology, 2019-2031 (USD Billion)
35. Asia Pacific Welding Consumables Market, By Type, 2019-2031 (USD Billion)
36. Japan Welding Consumables Market, By Technology, 2019-2031 (USD Billion)
37. Japan Welding Consumables Market, By Type, 2019-2031 (USD Billion)
38. China Welding Consumables Market, By Technology, 2019-2031 (USD Billion)
39. China Welding Consumables Market, By Type, 2019-2031 (USD Billion)
40. India Welding Consumables Market, By Technology, 2019-2031 (USD Billion)
41. India Welding Consumables Market, By Type, 2019-2031 (USD Billion)
42. South America Welding Consumables Market, By Technology, 2019-2031 (USD Billion)
43. South America Welding Consumables Market, By Type, 2019-2031 (USD Billion)
44. Brazil Welding Consumables Market, By Technology, 2019-2031 (USD Billion)
45. Brazil Welding Consumables Market, By Type, 2019-2031 (USD Billion)
46. Middle East and Africa Welding Consumables Market, By Technology, 2019-2031 (USD Billion)
47. Middle East and Africa Welding Consumables Market, By Type, 2019-2031 (USD Billion)
48. UAE Welding Consumables Market, By Technology, 2019-2031 (USD Billion)
49. UAE Welding Consumables Market, By Type, 2019-2031 (USD Billion)
50. South Africa Welding Consumables Market, By Technology, 2019-2031 (USD Billion)
51. South Africa Welding Consumables Market, By Type, 2019-2031 (USD Billion)
List of Figures
1. Global Welding Consumables Market Segmentation
2. Welding Consumables Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Welding Consumables Market Attractiveness Analysis By Technology
9. Global Welding Consumables Market Attractiveness Analysis By Type
10. Global Welding Consumables Market Attractiveness Analysis By Region
11. Global Welding Consumables Market: Dynamics
12. Global Welding Consumables Market Share by Technology (2023 & 2031)
13. Global Welding Consumables Market Share by Type (2023 & 2031)
14. Global Welding Consumables Market Share by Regions (2023 & 2031)
15. Global Welding Consumables Market Share by Company (2022)
This study forecasts revenue at global, regional, and country levels from 2019 to 2031. The Brainy Insights has segmented the global welding consumables market based on below mentioned segments:
Global Welding Consumables Market by Technology:
Global Welding Consumables Market by Type:
Global Welding Consumables Market by Region:
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