Home > Industrial Machinery > Industrial Equipment > Tools > Welding Equipment and Consumables Market

Welding Equipment and Consumables Market Trends

Report ID: GMI2050
Published Date: Jun 2024
Report Format: PDF

Download Free Sample

Welding Equipment and Consumables Market Trends

With increasing demand for lightweight materials in industries such as automotive, aerospace, and transportation, welding equipment and consumables manufacturers are adapting to accommodate new materials such as aluminum, advanced high-strength steel, and composites. Advanced welding processes and consumables tailored for lightweight materials offer advantages such as improved fuel efficiency, reduced emissions, and enhanced structural integrity, driving innovation and market growth.

Emerging markets, particularly in Asia-Pacific, Latin America, and the Middle East, present significant growth opportunities for the welding equipment and consumables business. Rapid industrialization, infrastructure development, and urbanization drive demand for welding solutions in construction, manufacturing, energy, and transportation sectors. Industry players are expanding their presence in emerging markets through strategic partnerships, distribution networks, and localized manufacturing facilities to capitalize on market growth potential.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market valuation of welding equipment and consumables was exceeded USD 13.4 billion in 2023 and is estimated to grow at 5% CAGR during 2024 to 2032, owing to rapid urbanization and growing construction.

The stick electrodes segment in the welding equipment and consumables market recorded USD 4.8 billion and is expected to reach USD 7.8 billion by 2032, as they are widely used in manual arc welding processes, such as Shielded Metal Arc Welding (SMAW) and Flux-Cored Arc Welding (FCAW).

North America welding equipment and consumables market size surpassed USD 2.7 billion in 2023 and is expected to reach USD 4.2 billion by 2032, attributed to the modernization and expansion of energy infrastructure.

Stanley Decker, Robert Bosch, Emerson Electric, Atlas Copco, Kemppi Oy, Fronius International GmbH, Panasonic Welding Systems Co., Ltd., Colfax Corporation, Air Liquide Welding, Obara Corporation, and Daihen Corporation.