U.S. Welding Consumables Market Size, Share & Trends Analysis Report By Technology (Arc Welding, Oxy-fuel Welding), By Product (Stick Electrodes, Flux-cored Wires), And Segment Forecasts, 2021 - 2028
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U.S. Welding Consumables Market Growth & Trends
The U.S. welding consumables market size is expected to reach USD 2.39 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 2.3% from 2021 to 2028. The growing demand for the product due to rising automation in welding primarily in the automotive industry is expected to emerge as the primary growth driver for the market over the forecast period.
The market is fragmented with the presence of a number of global and regional players due to the vast potential of consumable sales in the country. Several manufacturers in the market operate their businesses as integrated entities to cut down the overhead costs. This is expected to be a major barrier for new players entering the market.
The construction industry in the U.S. witnessed rising construction starts in residential and commercial construction applications from 2017 to 2019, with the growth limited by the onset of COVID-19. In addition, factors such as the rising number of single-family houses and strengthening residential replacement in the country have propelled the demand for welding consumables.
U.S. Welding Consumables Market Report Highlights
U.S. Welding Consumables Market Growth & Trends
The U.S. welding consumables market size is expected to reach USD 2.39 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 2.3% from 2021 to 2028. The growing demand for the product due to rising automation in welding primarily in the automotive industry is expected to emerge as the primary growth driver for the market over the forecast period.
The market is fragmented with the presence of a number of global and regional players due to the vast potential of consumable sales in the country. Several manufacturers in the market operate their businesses as integrated entities to cut down the overhead costs. This is expected to be a major barrier for new players entering the market.
The construction industry in the U.S. witnessed rising construction starts in residential and commercial construction applications from 2017 to 2019, with the growth limited by the onset of COVID-19. In addition, factors such as the rising number of single-family houses and strengthening residential replacement in the country have propelled the demand for welding consumables.
U.S. Welding Consumables Market Report Highlights
- Based on technology, the oxy-fuel welding segment is expected to exhibit the highest CAGR of 3.5% from 2021 to 2028 on account of the high consumption rate of the products, driven by their widespread and rising application in industrial manufacturing
- By product, flux-cored wires are expected to expand at the highest CAGR of 3.5% from 2021 to 2028 on account of their increasing adoption driven by their high deposition rate, which results in the creation of a clean and strong weld in the applications, such as bridge construction, shipbuilding, and general fabrication
- The sales of solid wires are expected to increase due to their superior properties including flexibility and ruggedness, which results in an increase in their utility in application areas, including electrical wiring and breadboards
- Saw wires and fluxes are expected to witness significant growth over the forecast period owing to their high demand in applications such as exploration platforms, pressure vessels, fabrication of offshore drilling platforms, and post-weld heat treatment
- Key industry players focus on large projects in the area of engineering machinery, automotive and shipbuilding, infrastructure, energy and power distribution, and various others to gain a competitive advantage
CHAPTER 1. METHODOLOGY AND SCOPE
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
CHAPTER 2. EXECUTIVE SUMMARY
CHAPTER 3. U.S. WELDING CONSUMABLES MARKET INDUSTRY OUTLOOK
3.1. Market segmentation
3.2. Industry value chain analysis
3.2.1. Key raw material analysis
3.3. Technology overview
3.3.1. Hybrid Welding
3.3.2. Advanced Manufacturing
3.4. Regulatory framework
3.5. Market dynamics
3.5.1. Market driver analysis
3.5.2. Market restraint analysis
3.6. Market penetration & growth prospect mapping
3.7. Porter’s analysis
3.7.1. Supplier Power
3.7.2. Buyer Power
3.7.3. Threat of Substitution
3.7.4. Threat of New Entrants
3.7.5. Competitive Rivalry
3.8. PESTEL analysis
CHAPTER 4. U.S. WELDING CONSUMABLES MARKET: TECHNOLOGY ESTIMATES AND TREND ANALYSIS
4.1. U.S. Welding Consumables Market - Technology Movement Analysis, 2020 & 2028
4.2. Arc Welding
4.2.1. Market estimates & forecasts, 2017 - 2028 (USD Million)
4.3. Resistance Welding
4.3.1. Market estimates & forecasts, 2017 - 2028 (USD Million)
4.4. Oxy-fuel Welding
4.4.1. Market estimates & forecasts, 2017 - 2028 (USD Million)
4.5. Laser Beam Welding
4.5.1. Market estimates & forecasts, 2017 - 2028 (USD Million)
4.6. Others
4.6.1. Market estimates & forecasts, 2017 - 2028 (USD Million)
CHAPTER 5. U.S. WELDING CONSUMABLES MARKET: PRODUCT ESTIMATES AND TREND ANALYSIS
5.1. U.S. Welding Consumables Market - Product Movement Analysis, 2020 & 2028
5.2. Stick Electrodes
5.2.1. Market estimates & forecasts, 2017 - 2028 (USD Million)
5.3. Solid Wires
5.3.1. Market estimates & forecasts, 2017 - 2028 (USD Million)
5.4. Flux-cored Wires
5.4.1. Market estimates & forecasts, 2017 - 2028 (USD Million)
5.5. Saw Wires & Fluxes
5.5.1. Market estimates & forecasts, 2017 - 2028 (USD Million)
5.6. Others
5.6.1. Market estimates & forecasts, 2017 - 2028 (USD Million)
CHAPTER 6. COMPETITIVE LANDSCAPE
6.1. Key Players, recent development & their impact on the industry
6.2. Vendor Landscape
6.3. Competitive Environment
6.4. Company Market Position Analysis
6.5. Strategic Framework
CHAPTER 7. COMPANY PROFILES
7.1. Colfax Corporation
7.1.1. Company overview
7.1.2. Financial performance
7.1.3. Product benchmarking
7.1.4. Strategic initiatives
7.2. Veostalpine AG
7.2.1. Company overview
7.2.2. Financial performance
7.2.3. Product benchmarking
7.2.4. Strategic initiatives
7.3. Air Liquide Welding, Ltd.
7.3.1. Company overview
7.3.2. Financial performance
7.3.3. Product benchmarking
7.4. The Lincoln Electric Company
7.4.1. Company overview
7.4.2. Financial performance
7.4.3. Product benchmarking
7.4.4. Strategic initiatives
7.5. Illinois Tool Works, Inc.
7.5.1. Company overview
7.5.2. Financial performance
7.5.3. Product benchmarking
7.5.4. Strategic initiatives
7.6. Hyundai Welding Co., Ltd.
7.6.1. Company overview
7.6.2. Product benchmarking
7.7. Kiswel, Inc.
7.7.1. Company overview
7.7.2. Product benchmarking
7.8. Sandvik AB
7.8.1. Company overview
7.8.2. Financial performance
7.8.3. Product benchmarking
7.8.4. Strategic initiatives
7.9. Tianjin Bridge Welding Materials Co., Ltd.
7.9.1. Company overview
7.9.2. Product benchmarking
7.10. Obara Corporation
7.10.1. Company overview
7.10.2. Financial performance
7.10.3. Product benchmarking
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
CHAPTER 2. EXECUTIVE SUMMARY
CHAPTER 3. U.S. WELDING CONSUMABLES MARKET INDUSTRY OUTLOOK
3.1. Market segmentation
3.2. Industry value chain analysis
3.2.1. Key raw material analysis
3.3. Technology overview
3.3.1. Hybrid Welding
3.3.2. Advanced Manufacturing
3.4. Regulatory framework
3.5. Market dynamics
3.5.1. Market driver analysis
3.5.2. Market restraint analysis
3.6. Market penetration & growth prospect mapping
3.7. Porter’s analysis
3.7.1. Supplier Power
3.7.2. Buyer Power
3.7.3. Threat of Substitution
3.7.4. Threat of New Entrants
3.7.5. Competitive Rivalry
3.8. PESTEL analysis
CHAPTER 4. U.S. WELDING CONSUMABLES MARKET: TECHNOLOGY ESTIMATES AND TREND ANALYSIS
4.1. U.S. Welding Consumables Market - Technology Movement Analysis, 2020 & 2028
4.2. Arc Welding
4.2.1. Market estimates & forecasts, 2017 - 2028 (USD Million)
4.3. Resistance Welding
4.3.1. Market estimates & forecasts, 2017 - 2028 (USD Million)
4.4. Oxy-fuel Welding
4.4.1. Market estimates & forecasts, 2017 - 2028 (USD Million)
4.5. Laser Beam Welding
4.5.1. Market estimates & forecasts, 2017 - 2028 (USD Million)
4.6. Others
4.6.1. Market estimates & forecasts, 2017 - 2028 (USD Million)
CHAPTER 5. U.S. WELDING CONSUMABLES MARKET: PRODUCT ESTIMATES AND TREND ANALYSIS
5.1. U.S. Welding Consumables Market - Product Movement Analysis, 2020 & 2028
5.2. Stick Electrodes
5.2.1. Market estimates & forecasts, 2017 - 2028 (USD Million)
5.3. Solid Wires
5.3.1. Market estimates & forecasts, 2017 - 2028 (USD Million)
5.4. Flux-cored Wires
5.4.1. Market estimates & forecasts, 2017 - 2028 (USD Million)
5.5. Saw Wires & Fluxes
5.5.1. Market estimates & forecasts, 2017 - 2028 (USD Million)
5.6. Others
5.6.1. Market estimates & forecasts, 2017 - 2028 (USD Million)
CHAPTER 6. COMPETITIVE LANDSCAPE
6.1. Key Players, recent development & their impact on the industry
6.2. Vendor Landscape
6.3. Competitive Environment
6.4. Company Market Position Analysis
6.5. Strategic Framework
CHAPTER 7. COMPANY PROFILES
7.1. Colfax Corporation
7.1.1. Company overview
7.1.2. Financial performance
7.1.3. Product benchmarking
7.1.4. Strategic initiatives
7.2. Veostalpine AG
7.2.1. Company overview
7.2.2. Financial performance
7.2.3. Product benchmarking
7.2.4. Strategic initiatives
7.3. Air Liquide Welding, Ltd.
7.3.1. Company overview
7.3.2. Financial performance
7.3.3. Product benchmarking
7.4. The Lincoln Electric Company
7.4.1. Company overview
7.4.2. Financial performance
7.4.3. Product benchmarking
7.4.4. Strategic initiatives
7.5. Illinois Tool Works, Inc.
7.5.1. Company overview
7.5.2. Financial performance
7.5.3. Product benchmarking
7.5.4. Strategic initiatives
7.6. Hyundai Welding Co., Ltd.
7.6.1. Company overview
7.6.2. Product benchmarking
7.7. Kiswel, Inc.
7.7.1. Company overview
7.7.2. Product benchmarking
7.8. Sandvik AB
7.8.1. Company overview
7.8.2. Financial performance
7.8.3. Product benchmarking
7.8.4. Strategic initiatives
7.9. Tianjin Bridge Welding Materials Co., Ltd.
7.9.1. Company overview
7.9.2. Product benchmarking
7.10. Obara Corporation
7.10.1. Company overview
7.10.2. Financial performance
7.10.3. Product benchmarking
LIST OF TABLES
Table 1 U.S. welding consumables market estimates and forecasts, by arc welding technology, 2017 - 2028 (USD Million)
Table 2 U.S. welding consumables market estimates and forecasts, by resistance welding technology, 2017 - 2028 (USD Million)
Table 3 U.S. welding consumables market estimates and forecasts, by oxy-fuel welding technology, 2017 - 2028 (USD Million)
Table 4 U.S. welding consumables market estimates and forecasts, by laser beam welding technology, 2017 - 2028 (USD Million)
Table 5 U.S. welding consumables market estimates and forecasts, by other welding technology, 2017 - 2028 (USD Million)
Table 6 U.S. welding consumables market estimates and forecasts, by stick electrodes, 2017 - 2028 (USD Million)
Table 7 U.S. welding consumables market estimates and forecasts, by solid wires, 2017 - 2028 (USD Million)
Table 8 U.S. welding consumables market estimates and forecasts, by flux-cored wires, 2017 - 2028 (USD Million)
Table 9 U.S. welding consumables market estimates and forecasts, by saw wired fluxes, 2017 - 2028 (USD Million)
Table 10 U.S. welding consumables market estimates and forecasts, by other products, 2017 - 2028 (USD Million)
Table 1 U.S. welding consumables market estimates and forecasts, by arc welding technology, 2017 - 2028 (USD Million)
Table 2 U.S. welding consumables market estimates and forecasts, by resistance welding technology, 2017 - 2028 (USD Million)
Table 3 U.S. welding consumables market estimates and forecasts, by oxy-fuel welding technology, 2017 - 2028 (USD Million)
Table 4 U.S. welding consumables market estimates and forecasts, by laser beam welding technology, 2017 - 2028 (USD Million)
Table 5 U.S. welding consumables market estimates and forecasts, by other welding technology, 2017 - 2028 (USD Million)
Table 6 U.S. welding consumables market estimates and forecasts, by stick electrodes, 2017 - 2028 (USD Million)
Table 7 U.S. welding consumables market estimates and forecasts, by solid wires, 2017 - 2028 (USD Million)
Table 8 U.S. welding consumables market estimates and forecasts, by flux-cored wires, 2017 - 2028 (USD Million)
Table 9 U.S. welding consumables market estimates and forecasts, by saw wired fluxes, 2017 - 2028 (USD Million)
Table 10 U.S. welding consumables market estimates and forecasts, by other products, 2017 - 2028 (USD Million)
LIST OF FIGURES
Fig. 1 U.S. welding consumables market - segmentation and scope
Fig. 2 Global welding consumables market - segmentation and scope
Fig. 3 U.S. welding consumables market: Penetration & growth prospects mapping
Fig. 4 U.S. welding consumables market - Value chain analysis
Fig. 5 U.S. welding consumables market dynamics
Fig. 6 U.S. welding consumables market driver impact analysis
Fig. 7 Top global construction markets 2020 (USD Billion)
Fig. 8 U.S. welding consumables market restraint analysis
Fig. 9 U.S. Welding Consumables Market - Technology Movement Analysis, 2020 & 2028
Fig. 10 U.S. Vehicle Production, (Units), Cars & Commercial Vehicles, 2017 - 2019
Fig. 11 U.S. Vehicle Production, (Units), Cars, 2017 - 2019
Fig. 12 U.S. Vehicle Production, (Units), Cars & Commercial Vehicles, 2017 - 2019
Fig. 13 Annual Value of Private Nonresidential Construction (USD Million)
Fig. 14 Total Construction Value (USD Million)
Fig. 15 Texas Construction Industry Growth (%)
Fig. 16 U.S. Welding Consumables Market - Product Movement Analysis, 2020 & 2028
Fig. 17 Strategy mapping of key market players
Fig. 1 U.S. welding consumables market - segmentation and scope
Fig. 2 Global welding consumables market - segmentation and scope
Fig. 3 U.S. welding consumables market: Penetration & growth prospects mapping
Fig. 4 U.S. welding consumables market - Value chain analysis
Fig. 5 U.S. welding consumables market dynamics
Fig. 6 U.S. welding consumables market driver impact analysis
Fig. 7 Top global construction markets 2020 (USD Billion)
Fig. 8 U.S. welding consumables market restraint analysis
Fig. 9 U.S. Welding Consumables Market - Technology Movement Analysis, 2020 & 2028
Fig. 10 U.S. Vehicle Production, (Units), Cars & Commercial Vehicles, 2017 - 2019
Fig. 11 U.S. Vehicle Production, (Units), Cars, 2017 - 2019
Fig. 12 U.S. Vehicle Production, (Units), Cars & Commercial Vehicles, 2017 - 2019
Fig. 13 Annual Value of Private Nonresidential Construction (USD Million)
Fig. 14 Total Construction Value (USD Million)
Fig. 15 Texas Construction Industry Growth (%)
Fig. 16 U.S. Welding Consumables Market - Product Movement Analysis, 2020 & 2028
Fig. 17 Strategy mapping of key market players
