Global Welding Equipment, Accessories & Consumables Market Size Study, by Equipment, Accessories, Consumables (Electrodes & Filler Materials, Fluxes & Wires, Gases), by Technology (Arc Welding, Oxy-Fuel Welding), and Regional Forecasts 2022-2032

January 2025 | 285 pages | ID: G9BA1CE898D7EN
Bizwit Research & Consulting LLP

Abstracts

The global Welding Equipment, Accessories & Consumables market is valued at approximately USD 28.34 billion in 2023 and is poised to grow at a compound annual growth rate (CAGR) of 4.60% during the forecast period from 2024 to 2032. Welding, a cornerstone of construction and manufacturing industries, demands precision and efficiency. The equipment, accessories, and consumables used in welding are integral to ensuring high-quality, durable results across diverse applications. As global industrialization intensifies, the adoption of advanced welding technologies continues to expand, driven by the increasing complexity of infrastructure projects and the growth of the automotive and energy sectors.

The market's growth is underpinned by rising investments in infrastructure development and advancements in welding technology, particularly in automation and robotic welding systems. These technologies streamline production, reduce costs, and enhance precision. Furthermore, the demand for consumables such as electrodes, wires, and gases is directly correlated with the growing number of manufacturing facilities worldwide. However, challenges such as high initial investments in automated systems and the environmental concerns associated with certain welding processes may impede market growth.

Globally, regional dynamics play a pivotal role in shaping the market's trajectory. North America continues to dominate the landscape due to its robust industrial base, ongoing infrastructure upgrades, and high adoption of advanced welding technologies. Meanwhile, the Asia Pacific region is anticipated to register the fastest growth rate over the forecast period, buoyed by rapid industrialization in countries like China and India, and the expansion of automotive and construction sectors. Europe also holds a significant share, driven by its established automotive industry and technological advancements in welding processes.

Major market players included in this report are:

• Lincoln Electric Holdings, Inc.
• Illinois Tool Works Inc.
• ESAB Corporation
• Air Liquide S.A.
• Fronius International GmbH
• Panasonic Welding Systems Co., Ltd.
• Miller Electric Mfg. LLC
• Hyundai Welding Co., Ltd.
• Voestalpine Bцhler Welding GmbH
• Colfax Corporation
• Ador Welding Ltd.
• Kemppi Oy
• Hobart Brothers LLC
• Kjellberg Finsterwalde
• Denyo Co., Ltd.

The detailed segments and sub-segment of the market are explained below:

By Equipment

• Welding Machines
• Cutting Equipment
• Others

By Accessories

• Clamps
• Holders
• Others

By Consumables

• Electrodes & Filler Materials
• Fluxes & Wires
• Gases

By Technology

• Arc Welding
• Oxy-Fuel Welding

By Region:

North America

• U.S.
• Canada

Europe

• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe

Asia Pacific

• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Years considered for the study are as follows:

Historical year – 2022

Base year – 2023

Forecast period – 2024 to 2032

Key Takeaways:

• Comprehensive market estimates and forecasts for 10 years (2022 to 2032).
• Annualized revenue insights and regional-level analyses for each segment.
• Detailed examination of the geographical landscape with country-specific data of major regions.
• Competitive insights highlighting the strategies of leading market players.
• Recommendations on future market approaches and emerging opportunities.
• In-depth analysis of demand and supply-side market dynamics.

Contents

CHAPTER 1. GLOBAL WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET EXECUTIVE SUMMARY

1.1. Global Welding Equipment, Accessories & Consumables Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
  1.3.1. By Equipment
  1.3.2. By Accessories
  1.3.3. By Consumables
  1.3.4. By Technology
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

CHAPTER 2. GLOBAL WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET DEFINITION AND RESEARCH ASSUMPTIONS

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
  2.3.1. Inclusion & Exclusion
  2.3.2. Limitations
  2.3.3. Supply Side Analysis
    2.3.3.1. Availability
    2.3.3.2. Infrastructure
    2.3.3.3. Regulatory Environment
    2.3.3.4. Market Competition
    2.3.3.5. Economic Viability (Consumer’s Perspective)
  2.3.4. Demand Side Analysis
    2.3.4.1. Regulatory Frameworks
    2.3.4.2. Technological Advancements
    2.3.4.3. Environmental Considerations
    2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

CHAPTER 3. GLOBAL WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET DYNAMICS

3.1. Market Drivers
  3.1.1. Rising Investments in Infrastructure Development
  3.1.2. Advancements in Welding Technology
  3.1.3. Growth of Automotive and Energy Sectors
3.2. Market Challenges
  3.2.1. High Initial Investments in Automated Systems
  3.2.2. Environmental Concerns Associated with Welding Processes
3.3. Market Opportunities
  3.3.1. Expansion of Manufacturing Facilities Worldwide
  3.3.2. Adoption of Automation and Robotics in Welding
  3.3.3. Innovations in Consumable Materials

CHAPTER 4. GLOBAL WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET SIZE & FORECASTS BY EQUIPMENT 2022-2032

5.1. Segment Dashboard
5.2. Global Welding Equipment, Accessories & Consumables Market: Equipment Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  5.2.1. Welding Machines
  5.2.2. Cutting Equipment
  5.2.3. Others

CHAPTER 6. GLOBAL WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET SIZE & FORECASTS BY ACCESSORIES 2022-2032

6.1. Segment Dashboard
6.2. Global Welding Equipment, Accessories & Consumables Market: Accessories Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  6.2.1. Clamps
  6.2.2. Holders
  6.2.3. Others

CHAPTER 7. GLOBAL WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET SIZE & FORECASTS BY CONSUMABLES 2022-2032

7.1. Segment Dashboard
7.2. Global Welding Equipment, Accessories & Consumables Market: Consumables Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  7.2.1. Electrodes & Filler Materials
  7.2.2. Fluxes & Wires
  7.2.3. Gases

CHAPTER 8. GLOBAL WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET SIZE & FORECASTS BY TECHNOLOGY 2022-2032

8.1. Segment Dashboard
8.2. Global Welding Equipment, Accessories & Consumables Market: Technology Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  8.2.1. Arc Welding
  8.2.2. Oxy-Fuel Welding

CHAPTER 9. GLOBAL WELDING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET SIZE & FORECASTS BY REGION 2022-2032

9.1. North America Welding Equipment, Accessories & Consumables Market
  9.1.1. U.S. Welding Equipment, Accessories & Consumables Market
    9.1.1.1. Equipment Breakdown Size & Forecasts, 2022-2032
    9.1.1.2. Accessories Breakdown Size & Forecasts, 2022-2032
  9.1.2. Canada Welding Equipment, Accessories & Consumables Market
9.2. Europe Welding Equipment, Accessories & Consumables Market
  9.2.1. U.K. Welding Equipment, Accessories & Consumables Market
  9.2.2. Germany Welding Equipment, Accessories & Consumables Market
  9.2.3. France Welding Equipment, Accessories & Consumables Market
  9.2.4. Spain Welding Equipment, Accessories & Consumables Market
  9.2.5. Italy Welding Equipment, Accessories & Consumables Market
  9.2.6. Rest of Europe Welding Equipment, Accessories & Consumables Market
9.3. Asia-Pacific Welding Equipment, Accessories & Consumables Market
  9.3.1. China Welding Equipment, Accessories & Consumables Market
  9.3.2. India Welding Equipment, Accessories & Consumables Market
  9.3.3. Japan Welding Equipment, Accessories & Consumables Market
  9.3.4. Australia Welding Equipment, Accessories & Consumables Market
  9.3.5. South Korea Welding Equipment, Accessories & Consumables Market
  9.3.6. Rest of Asia Pacific Welding Equipment, Accessories & Consumables Market
9.4. Latin America Welding Equipment, Accessories & Consumables Market
  9.4.1. Brazil Welding Equipment, Accessories & Consumables Market
  9.4.2. Mexico Welding Equipment, Accessories & Consumables Market
  9.4.3. Rest of Latin America Welding Equipment, Accessories & Consumables Market
9.5. Middle East & Africa Welding Equipment, Accessories & Consumables Market
  9.5.1. Saudi Arabia Welding Equipment, Accessories & Consumables Market
  9.5.2. South Africa Welding Equipment, Accessories & Consumables Market
  9.5.3. Rest of Middle East & Africa Welding Equipment, Accessories & Consumables Market

CHAPTER 10. COMPETITIVE INTELLIGENCE

10.1. Key Company SWOT Analysis
  10.1.1. Lincoln Electric Holdings, Inc.
  10.1.2. Illinois Tool Works Inc.
  10.1.3. ESAB Corporation
10.2. Top Market Strategies
10.3. Company Profiles
  10.3.1. Lincoln Electric Holdings, Inc.
    10.3.1.1. Key Information
    10.3.1.2. Overview
    10.3.1.3. Financial (Subject to Data Availability)
    10.3.1.4. Product Summary
    10.3.1.5. Market Strategies
  10.3.2. Illinois Tool Works Inc.
  10.3.3. ESAB Corporation
  10.3.4. Air Liquide S.A.
  10.3.5. Fronius International GmbH
  10.3.6. Panasonic Welding Systems Co., Ltd.
  10.3.7. Miller Electric Mfg. LLC
  10.3.8. Hyundai Welding Co., Ltd.
  10.3.9. Voestalpine Bцhler Welding GmbH
  10.3.10. Colfax Corporation

CHAPTER 11. RESEARCH PROCESS

11.1. Research Process
  11.1.1. Data Mining
  11.1.2. Analysis
  11.1.3. Market Estimation
  11.1.4. Validation
  11.1.5. Publishing
11.2. Research Attributes

List Of Tables

LIST OF TABLES

TABLE 1. Global Welding Equipment, Accessories & Consumables Market, Report Scope
TABLE 2. Global Welding Equipment, Accessories & Consumables Market Estimates & Forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Welding Equipment, Accessories & Consumables Market Estimates & Forecasts by Equipment 2022-2032 (USD Billion)
TABLE 4. Global Welding Equipment, Accessories & Consumables Market Estimates & Forecasts by Accessories 2022-2032 (USD Billion)
TABLE 5. Global Welding Equipment, Accessories & Consumables Market Estimates & Forecasts by Consumables 2022-2032 (USD Billion)
TABLE 6. Global Welding Equipment, Accessories & Consumables Market Estimates & Forecasts by Technology 2022-2032 (USD Billion)
TABLE 7. Global Welding Equipment, Accessories & Consumables Market by Segment, Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 8. Global Welding Equipment, Accessories & Consumables Market by Region, Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 9. Global Welding Equipment, Accessories & Consumables Market by Segment, Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 10. Global Welding Equipment, Accessories & Consumables Market by Region, Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 11. Global Welding Equipment, Accessories & Consumables Market by Segment, Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 12. Global Welding Equipment, Accessories & Consumables Market by Region, Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 13. Global Welding Equipment, Accessories & Consumables Market by Segment, Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 14. Global Welding Equipment, Accessories & Consumables Market by Region, Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 15. U.S. Welding Equipment, Accessories & Consumables Market Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 16. U.S. Welding Equipment, Accessories & Consumables Market Estimates & Forecasts by Equipment 2022-2032 (USD Billion)
TABLE 17. U.S. Welding Equipment, Accessories & Consumables Market Estimates & Forecasts by Accessories 2022-2032 (USD Billion)
TABLE 18. Canada Welding Equipment, Accessories & Consumables Market Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 19. Canada Welding Equipment, Accessories & Consumables Market Estimates & Forecasts by Equipment 2022-2032 (USD Billion)
TABLE 20. Canada Welding Equipment, Accessories & Consumables Market Estimates & Forecasts by Accessories 2022-2032 (USD Billion)
…
This list is not complete; the final report contains more than 100 tables. The list may be updated in the final deliverable.