Edit Content

Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global Welding Consumables Market to reach USD 16.83 billion by the end of 2029

Global Welding Consumables Market Size study & Forecast, by Type (Stick Electrodes, Solid Wires, Flux Cored Wires, SAW Wires & Fluxes) by Welding Technique (Arc Welding, Resistance Welding, Oxy-fuel Welding, Laser-beam Welding, Others), by End Use Industry (Automotive, Building & Construction, Heavy Engineering, Railway & Shipbuilding, Oil & Gas, Others) and Regional Analysis, 2022-2029

Product Code: CMAM-36014224
Publish Date: 25-01-2023
Page: 200

Global Welding Consumables Market is valued at approximately USD 12.2 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 4.1% over the forecast period 2022-2029. Welding is a durable, precise, high-tech, and economical way to efficiently combine materials such as metals and alloys. Welding consumables are flux and filler metals that are utilized in the welding process to form a solid linkage between two metals, filler metals are melted, and flux is used to stop heated metals from oxidizing. The growing usage of smart resources, rising demand from the construction industry, coupled withincreasing industrialization are the primary factors that are stipulating the market demand across the globe.

The rising demand for welding technology in the automotive industry is acting as a catalyzing factor for the growth of the market. According to Statista, the automotive sector worldwide generated USD 5,315 billion in revenue in 2017. The amount is anticipated to rise and reach USD 8,931 billion by 2030. Thus, these aforementioned factors are impelling the demand for welding consumables in the global market. Moreover, the rising need for welding automation technology in fabrication, as well as government investments in the energy industry are presenting various lucrative opportunities over the forecasting years. However, the volatility in the supply of raw materials and the dearth of skilled professionals are challenging the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Welding Consumables Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. The Asia Pacific dominated the market in terms of revenue, owing to the growing adoption of smart technologies such as robotic welding, along with the growth in the automotive & transportation sector. Whereas, North America is expected to grow at a significant rate during the forecast period, owing to factors such as rising initiatives regarding increasing pollution levels, and the presence of key market players in the market space.

Major market players included in this report are:
Lincoln Electric Holdings, Inc.
Hyundai Welding Co., Ltd
Panasonic Holdings Corporation
Fronius International GmbH
RME Middle East FZCO
voestalpine BÖHLER Edelstahl GmbH
Tianjin Golden Bridge Welding Materials Group Co., Ltd..

Recent Developments in the Market:
 In October 2021, ESAB Welding announced the introduction of its new EMP 210 MIG/TIG Welders/Sticks and Cored Wire Welders/EM 210 MIG. These inverter-based power supplies are compact, along with it presents professional-grade power and performance for most car/truck repair and restoration, light-duty production and construction, and HVAC operations.
 In July 2021, ESAB declared that the company introduced its novel Exaton 19.9. Nb HF. This SAW (submerged arc welding) wire is constructed from 300 series austenitic steel with a high ferrite content and niobium content to further enhance the mechanical qualities of the welding metal at high temperatures.

Global Welding Consumables Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Welding Technique, End Use Industry, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Stick Electrodes
Solid Wires
Flux Cored Wires
SAW Wires & Fluxes
By Welding Technique:
Arc Welding
Resistance Welding
Oxy-fuel Welding
Laser-beam Welding
By End Use Industry:
Building & Construction
Heavy Engineering
Railway & Shipbuilding
Oil & Gas
By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Welding Consumables Market, by Region, 2019-2029 (USD Billion)
1.2.2. Welding Consumables Market, by Type, 2019-2029 (USD Billion)
1.2.3. Welding Consumables Market, by Welding Technique, 2019-2029 (USD Billion)
1.2.4. Welding Consumables Market, by End Use Industry, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Welding Consumables Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Welding Consumables Market Dynamics
3.1. Welding Consumables Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Growing usage of smart resources Rising demand for welding technology in the automotive industry
3.1.2. Market Challenges Volatility in supply of raw materials Dearth of skilled professionals
3.1.3. Market Opportunities Rising need for welding automation technology in fabrication Government investments in energy industry
Chapter 4. Global Welding 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
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Welding Consumables Market, by Type
6.1. Market Snapshot
6.2. Global Welding Consumables Market by Type, Performance – Potential Analysis
6.3. Global Welding Consumables Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
6.4. Welding Consumables Market, Sub Segment Analysis
6.4.1. Stick Electrodes
6.4.2. Solid Wires
6.4.3. Flux Cored Wires
6.4.4. SAW Wires & Fluxes
Chapter 7. Global Welding Consumables Market, by Welding Technique
7.1. Market Snapshot
7.2. Global Welding Consumables Market by Welding Technique, Performance – Potential Analysis
7.3. Global Welding Consumables Market Estimates & Forecasts by Welding Technique 2019-2029 (USD Billion)
7.4. Welding Consumables Market, Sub Segment Analysis
7.4.1. Arc Welding
7.4.2. Resistance Welding
7.4.3. Oxy-fuel Welding
7.4.4. Laser-beam Welding
7.4.5. Others
Chapter 8. Global Welding Consumables Market, by End Use Industry
8.1. Market Snapshot
8.2. Global Welding Consumables Market by End Use Industry, Performance – Potential Analysis
8.3. Global Welding Consumables Market Estimates & Forecasts by End Use Industry 2019-2029 (USD Billion)
8.4. Welding Consumables Market, Sub Segment Analysis
8.4.1. Automotive
8.4.2. Building & Construction
8.4.3. Heavy Engineering
8.4.4. Railway & Shipbuilding
8.4.5. Oil & Gas
8.4.6. Others
Chapter 9. Global Welding Consumables Market, Regional Analysis
9.1. Welding Consumables Market, Regional Market Snapshot
9.2. North America Welding Consumables Market
9.2.1. U.S. Welding Consumables Market Type breakdown estimates & forecasts, 2019-2029 Welding Technique breakdown estimates & forecasts, 2019-2029 End Use Industry breakdown estimates & forecasts, 2019-2029
9.2.2. Canada Welding Consumables Market
9.3. Europe Welding Consumables Market Snapshot
9.3.1. U.K. Welding Consumables Market
9.3.2. Germany Welding Consumables Market
9.3.3. France Welding Consumables Market
9.3.4. Spain Welding Consumables Market
9.3.5. Italy Welding Consumables Market
9.3.6. Rest of Europe Welding Consumables Market
9.4. Asia-Pacific Welding Consumables Market Snapshot
9.4.1. China Welding Consumables Market
9.4.2. India Welding Consumables Market
9.4.3. Japan Welding Consumables Market
9.4.4. Australia Welding Consumables Market
9.4.5. South Korea Welding Consumables Market
9.4.6. Rest of Asia Pacific Welding Consumables Market
9.5. Latin America Welding Consumables Market Snapshot
9.5.1. Brazil Welding Consumables Market
9.5.2. Mexico Welding Consumables Market
9.5.3. Rest of Latin America Welding Consumables Market
9.6. Rest of The World Welding Consumables Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Lincoln Electric Holdings, Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.3. ESAB
10.2.5. Hyundai Welding Co., Ltd
10.2.6. Panasonic Holdings Corporation
10.2.7. Fronius International GmbH
10.2.8. RME Middle East FZCO
10.2.9. voestalpine BÖHLER Edelstahl GmbH
10.2.10. Tianjin Golden Bridge Welding Materials Group Co., Ltd.
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
11.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

Need Assistance

Contact Person -
Krishant Mennon
Call us @
+ 91 99931 15879
Email: sales@bizwitresearch.com


Why Choose Us?

Quality over Quantity

Backed by 60+ paid data sources our reports deliver crisp insights with no compromise quality.

Analyst Support

24x7 Chat Support plus
free analyst hours with every purchase

Flawless Methodology

Our 360-degree approach of market study, our research methods leave stones unturned.

Enquiry Now