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

Description

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 Bohler 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.

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 Bohler 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