Welding Consumables Market - Global Welding Consumables Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - (By Technology Coverage, By Type Coverage, By Geographical Coverage and By Leading Companies)

Description

The welding consumables market is on an upward trajectory, with forecasts predicting a substantial rise from US$12.6 billion in 2022 to a staggering US$19.2 billion by 2030. This growth, driven by key trends and opportunities, is underpinned by factors such as technological advancements, infrastructural development, and a burgeoning focus on sustainability.

Key Trends Driving Market Growth

Technological Advancements Spearheading Innovation: The integration of automation, robotics, and Artificial Intelligence (AI) into welding systems has revolutionized processes, enhancing efficiency, precision, and safety. Smart welding consumables equipped with sensors and IoT capabilities enable real-time monitoring, ensuring adherence to stringent industry standards and boosting productivity.

Infrastructural Development Fueling Demand: As countries invest significantly in building bridges, highways, railways, and commercial and residential spaces, the demand for welding consumables surges. Urbanization drives the need for automobiles, further amplifying demand in both manufacturing and repair processes.

Emphasis on Sustainable Practices: Environmental regulations and concerns about the ecological impact of welding processes have spurred the development of eco-friendly consumables. Manufacturers are investing in research and development to create products with reduced emissions and minimal hazardous by-products, catering to eco-conscious industries and consumers.

Major Growth Barriers

High Raw Material Costs and Price Volatility: Fluctuations in the prices of metals, fluxes, and gases, essential components of welding consumables, pose a challenge to market players. Economic uncertainties and geopolitical factors contribute to price volatility, impacting manufacturing costs and profit margins.

Stringent Regulatory Compliance: Meeting stringent environmental regulations requires significant investments in research and development to develop eco-friendly consumables. Varying standards across regions and industries add complexity and costs to manufacturers, potentially affecting competitiveness.

Key Trends and Opportunities to Look Out For

Rapid Adoption of Automation and Robotics: The trend towards automation and robotics in welding processes is gaining traction globally. Brands are leveraging this trend by offering compatible consumables and specialized training, capitalizing on the demand for robotic welding solutions.

Focus on Environmentally Friendly Consumables: With growing environmental concerns, there is a rising demand for low-emission and eco-friendly consumables. Brands are focusing on sustainable products to comply with regulations and cater to environmentally conscious consumers.

Digitalization and IoT Integration: Smart welding consumables embedded with sensors and IoT capabilities enable real-time monitoring and data analysis. Companies are investing in advanced IoT integration, offering predictive maintenance services and enhancing customer experiences through data-driven insights.

Regional Outlook

Asia Pacific Dominates with Unprecedented Infrastructure Growth: Asia Pacific remains the largest revenue-contributing region in the global welding consumables market, driven by robust industrial growth and extensive infrastructural developments.

North America to Maintain 25% Share Through: North America is poised for significant growth, fueled by technological advancements, innovation, and a focus on automation and eco-friendly consumables.

Fairfield's Competitive Landscape Analysis

In a competitive landscape marked by product innovation and quality differentiation, manufacturers are investing heavily in research and development. Smart welding consumables with real-time monitoring capabilities offer enhanced performance and durability, while brand reputation and customer service remain crucial.

Leaders in Global Welding Consumables Space

Bavaria Schweisstechnik Gmbh, Carboweld Schweissmaterialien Gmbh, Colfax Corporation, Corodur Verschleiss-Schutz Gmbh, Daiko Welding Consumables, Dim Schweissmaterial Manfred Schuermann, Drahpo Gmbh, Drahtwerk Elisental W. Erdmann Gmbh & Co., Durum Verschleissschutz Gmbh, Elbor Spa, Fidat Srl, Fronius International Gmbh, Gedik Welding, Hermann Fliess & Co. Gmbh, Voestalpine Ag.

Global Welding Consumables Market is Segmented as Below:

By Technology:

Resistance Welding
Laser Beam Welding
Arc Welding
Oxy-Fuel Welding
Others

By Type:

Solid Wires
Saw Wires and Fluxes
Stick Electrodes
Flux-Cored Wires
Others

By Geographic Coverage:

North America
- U.S.
- Canada
Europe
- Germany
- U.K.
- France
- Italy
- Turkey
- Russia
- Rest of Europe
Asia Pacific
- China
- Japan
- South Korea
- India
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Egypt
- Nigeria
- Rest of Middle East & Africa

1. Executive Summary

1.1. Global Welding Consumables Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2022
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. Covid-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Global Welding Consumables Market Outlook, 2018 - 2030

3.1. Global Welding Consumables Market Outlook, by Technology ,Value (US$ Mn), 2018 - 2030
- 3.1.1. Key Highlights
  - 3.1.1.1. Resistance Welding
  - 3.1.1.2. Laser Beam Welding
  - 3.1.1.3. Arc Welding
  - 3.1.1.4. Oxy-Fuel Welding
  - 3.1.1.5. Others
3.2. Global Welding Consumables Market Outlook, by Type , Value (US$ Mn), 2018 - 2030
- 3.2.1. Key Highlights
  - 3.2.1.1. Solid Wires
  - 3.2.1.2. Saw Wires and Fluxes
  - 3.2.1.3. Stick Electrodes,
  - 3.2.1.4. Flux-Cored Wires
  - 3.2.1.5. Others
3.3. Global Welding Consumables Market Outlook, by Region, Value (US$ Mn), 2018 - 2030
- 3.3.1. Key Highlights
  - 3.3.1.1. North America
  - 3.3.1.2. Europe
  - 3.3.1.3. Asia Pacific
  - 3.3.1.4. Latin America
  - 3.3.1.5. Middle East & Africa

4. North America Welding Consumables Market Outlook, 2018 - 2030

4.1. North America Welding Consumables Market Outlook, by Technology , Value (US$ Mn), 2018 - 2030
- 4.1.1. Key Highlights
  - 4.1.1.1. Resistance Welding
  - 4.1.1.2. Laser Beam Welding
  - 4.1.1.3. Arc Welding
  - 4.1.1.4. Oxy-Fuel Welding
  - 4.1.1.5. Others
4.2. North America Welding Consumables Market Outlook, by Type , Value (US$ Mn), 2018 - 2030
- 4.2.1. Key Highlights
  - 4.2.1.1. Solid Wires
  - 4.2.1.2. Saw Wires and Fluxes
  - 4.2.1.3. Stick Electrodes
  - 4.2.1.4. Flux-Cored Wires
  - 4.2.1.5. Others
- 4.2.2. BPS Analysis/Market Attractiveness Analysis
4.3. North America Welding Consumables Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 4.3.1. Key Highlights
  - 4.3.1.1. U.S. Welding Consumables Market by Technology , Value (US$ Mn), 2018 - 2030
  - 4.3.1.2. U.S. Welding Consumables Market Type , Value (US$ Mn), 2018 - 2030
  - 4.3.1.3. Canada Welding Consumables Market by Technology , Value (US$ Mn), 2018 - 2030
  - 4.3.1.4. Canada Welding Consumables Market Type , Value (US$ Mn), 2018 - 2030
- 4.3.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Welding Consumables Market Outlook, 2018 - 2030

5.1. Europe Welding Consumables Market Outlook, by Technology , Value (US$ Mn), 2018 - 2030
- 5.1.1. Key Highlights
  - 5.1.1.1. Resistance Welding
  - 5.1.1.2. Laser Beam Welding
  - 5.1.1.3. Arc Welding
  - 5.1.1.4. Oxy-Fuel Welding
  - 5.1.1.5. Others
5.2. Europe Welding Consumables Market Outlook, by Type , Value (US$ Mn), 2018 - 2030
- 5.2.1. Key Highlights
  - 5.2.1.1. Solid Wires
  - 5.2.1.2. Saw Wires and Fluxes
  - 5.2.1.3. Stick Electrodes
  - 5.2.1.4. Flux-Cored Wires
  - 5.2.1.5. Others
- 5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. Europe Welding Consumables Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 5.3.1. Key Highlights
  - 5.3.1.1. Germany Welding Consumables Market by Technology , Value (US$ Mn), 2018 - 2030
  - 5.3.1.2. Germany Welding Consumables Market Type , Value (US$ Mn), 2018 - 2030
  - 5.3.1.3. U.K. Welding Consumables Market by Technology , Value (US$ Mn), 2018 - 2030
  - 5.3.1.4. U.K. Welding Consumables Market Type , Value (US$ Mn), 2018 - 2030
  - 5.3.1.5. France Welding Consumables Market by Technology , Value (US$ Mn), 2018 - 2030
  - 5.3.1.6. France Welding Consumables Market Type , Value (US$ Mn), 2018 - 2030
  - 5.3.1.7. Italy Welding Consumables Market by Technology , Value (US$ Mn), 2018 - 2030
  - 5.3.1.8. Italy Welding Consumables Market Type , Value (US$ Mn), 2018 - 2030
  - 5.3.1.9. Turkey Welding Consumables Market by Technology , Value (US$ Mn), 2018 - 2030
  - 5.3.1.10. Turkey Welding Consumables Market Type , Value (US$ Mn), 2018 - 2030
  - 5.3.1.11. Russia Welding Consumables Market by Technology , Value (US$ Mn), 2018 - 2030
  - 5.3.1.12. Russia Welding Consumables Market Type , Value (US$ Mn), 2018 - 2030
  - 5.3.1.13. Rest of Europe Welding Consumables Market by Technology , Value (US$ Mn), 2018 - 2030
  - 5.3.1.14. Rest of Europe Welding Consumables Market Type , Value (US$ Mn), 2018 - 2030
- 5.3.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Welding Consumables Market Outlook, 2018 - 2030

6.1. Asia Pacific Welding Consumables Market Outlook, by Technology , Value (US$ Mn), 2018 - 2030
- 6.1.1. Key Highlights
  - 6.1.1.1. Resistance Welding
  - 6.1.1.2. Laser Beam Welding
  - 6.1.1.3. Arc Welding
  - 6.1.1.4. Oxy-Fuel Welding
  - 6.1.1.5. Others
6.2. Asia Pacific Welding Consumables Market Outlook, by Type , Value (US$ Mn), 2018 - 2030
- 6.2.1. Key Highlights
  - 6.2.1.1. Solid Wires
  - 6.2.1.2. Saw Wires and Fluxes
  - 6.2.1.3. Stick Electrodes
  - 6.2.1.4. Flux-Cored Wires
  - 6.2.1.5. Others
- 6.2.2. BPS Analysis/Market Attractiveness Analysis
6.3. Asia Pacific Welding Consumables Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 6.3.1. Key Highlights
  - 6.3.1.1. China Welding Consumables Market by Technology , Value (US$ Mn), 2018 - 2030
  - 6.3.1.2. China Welding Consumables Market Type , Value (US$ Mn), 2018 - 2030
  - 6.3.1.3. Japan Welding Consumables Market by Technology , Value (US$ Mn), 2018 - 2030
  - 6.3.1.4. Japan Welding Consumables Market Type , Value (US$ Mn), 2018 - 2030
  - 6.3.1.5. South Korea Welding Consumables Market by Technology , Value (US$ Mn), 2018 - 2030
  - 6.3.1.6. South Korea Welding Consumables Market Type , Value (US$ Mn), 2018 - 2030
  - 6.3.1.7. South Korea Welding Consumables Market Capacity, Value (US$ Mn), 2018 - 2030
  - 6.3.1.8. South Korea Welding Consumables Market End Use, Value (US$ Mn), 2018 - 2030
  - 6.3.1.9. India Welding Consumables Market by Technology , Value (US$ Mn), 2018 - 2030
  - 6.3.1.10. India Welding Consumables Market Type , Value (US$ Mn), 2018 - 2030
  - 6.3.1.11. Southeast Asia Welding Consumables Market by Technology , Value (US$ Mn), 2018 - 2030
  - 6.3.1.12. Southeast Asia Welding Consumables Market Type , Value (US$ Mn), 2018 - 2030
  - 6.3.1.13. Rest of Asia Pacific Welding Consumables Market by Technology , Value (US$ Mn), 2018 - 2030
  - 6.3.1.14. Rest of Asia Pacific Welding Consumables Market Type , Value (US$ Mn), 2018 - 2030
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Welding Consumables Market Outlook, 2018 - 2030

7.1. Latin America Welding Consumables Market Outlook, by Technology , Value (US$ Mn), 2018 - 2030
- 7.1.1. Key Highlights
  - 7.1.1.1. Resistance Welding
  - 7.1.1.2. Laser Beam Welding
  - 7.1.1.3. Arc Welding
  - 7.1.1.4. Oxy-Fuel Welding
  - 7.1.1.5. Others
7.2. Latin America Welding Consumables Market Outlook, by Type , Value (US$ Mn), 2018 - 2030
- 7.2.1. Key Highlights
  - 7.2.1.1. Solid Wires
  - 7.2.1.2. Saw Wires and Fluxes
  - 7.2.1.3. Stick Electrodes
  - 7.2.1.4. Flux-Cored Wires
  - 7.2.1.5. Others
- 7.2.2. Analysis
7.3. Latin America Welding Consumables Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 7.3.1. Key Highlights
  - 7.3.1.1. Brazil Welding Consumables Market by Technology , Value (US$ Mn), 2018 - 2030
  - 7.3.1.2. Brazil Welding Consumables Market Type , Value (US$ Mn), 2018 - 2030
  - 7.3.1.3. Mexico Welding Consumables Market by Technology , Value (US$ Mn), 2018 - 2030
  - 7.3.1.4. Mexico Welding Consumables Market Type , Value (US$ Mn), 2018 - 2030
  - 7.3.1.5. Argentina Welding Consumables Market by Technology , Value (US$ Mn), 2018 - 2030
  - 7.3.1.6. Argentina Welding Consumables Market Type , Value (US$ Mn), 2018 - 2030
  - 7.3.1.7. Rest of Latin America Welding Consumables Market by Technology , Value (US$ Mn), 2018 - 2030
  - 7.3.1.8. Rest of Latin America Welding Consumables Market Type , Value (US$ Mn), 2018 - 2030
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Welding Consumables Market Outlook, 2018 - 2030

8.1. Middle East & Africa Welding Consumables Market Outlook, by Technology , Value (US$ Mn), 2018 - 2030
- 8.1.1. Key Highlights
  - 8.1.1.1. Resistance Welding
  - 8.1.1.2. Laser Beam Welding
  - 8.1.1.3. Arc Welding
  - 8.1.1.4. Oxy-Fuel Welding
  - 8.1.1.5. Others
8.2. Middle East & Africa Welding Consumables Market Outlook, by Type , Value (US$ Mn), 2018 - 2030
- 8.2.1. Key Highlights
  - 8.2.1.1. Solid Wires
  - 8.2.1.2. Saw Wires and Fluxes
  - 8.2.1.3. Stick Electrodes
  - 8.2.1.4. Flux-Cored Wires
  - 8.2.1.5. Others
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Middle East & Africa Welding Consumables Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
- 8.3.1. Key Highlights
  - 8.3.1.1. GCC Welding Consumables Market by Technology , Value (US$ Mn), 2018 - 2030
  - 8.3.1.2. GCC Welding Consumables Market Type , Value (US$ Mn), 2018 - 2030
  - 8.3.1.3. South Africa Welding Consumables Market by Technology , Value (US$ Mn), 2018 - 2030
  - 8.3.1.4. South Africa Welding Consumables Market Type , Value (US$ Mn), 2018 - 2030
  - 8.3.1.5. Egypt Welding Consumables Market by Technology , Value (US$ Mn), 2018 - 2030
  - 8.3.1.6. Egypt Welding Consumables Market Type , Value (US$ Mn), 2018 - 2030
  - 8.3.1.7. Nigeria Welding Consumables Market by Technology , Value (US$ Mn), 2018 - 2030
  - 8.3.1.8. Nigeria Welding Consumables Market Type , Value (US$ Mn), 2018 - 2030
  - 8.3.1.9. Rest of Middle East & Africa Welding Consumables Market by Technology , Value (US$ Mn), 2018 - 2030
  - 8.3.1.10. Rest of Middle East & Africa Welding Consumables Market Type , Value (US$ Mn), 2018 - 2030
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. Capacity vs Application Heatmap
9.2. Manufacturer vsApplication Heatmap
9.3. Company Market Share Analysis, 2022
9.4. Competitive Dashboard
9.5. Company Profiles
- 9.5.1. Fronius International Gmbh
  - 9.5.1.1. Company Overview
  - 9.5.1.2. Product Portfolio
  - 9.5.1.3. Financial Overview
  - 9.5.1.4. Business Strategies and Development
- 9.5.2. Carboweld Schweissmaterialien Gmbh
  - 9.5.2.1. Company Overview
  - 9.5.2.2. Product Portfolio
  - 9.5.2.3. Financial Overview
  - 9.5.2.4. Business Strategies and Development
- 9.5.3. Colfax Corporation
  - 9.5.3.1. Company Overview
  - 9.5.3.2. Product Portfolio
  - 9.5.3.3. Financial Overview
  - 9.5.3.4. Business Strategies and Development
- 9.5.4. Voestalpine Ag
  - 9.5.4.1. Company Overview
  - 9.5.4.2. Product Portfolio
  - 9.5.4.3. Financial Overview
  - 9.5.4.4. Business Strategies and Development
- 9.5.5. Corodur Verschleiss-Schutz Gmbh
  - 9.5.5.1. Company Overview
  - 9.5.5.2. Product Portfolio
  - 9.5.5.3. Financial Overview
  - 9.5.5.4. Business Strategies and Development
- 9.5.6. DAIKO WELDING CONSUMABLES
  - 9.5.6.1. Company Overview
  - 9.5.6.2. Product Portfolio
  - 9.5.6.3. Financial Overview
  - 9.5.6.4. Business Strategies and Development
- 9.5.7. Dim Schweissmaterial Manfred Schuermann
  - 9.5.7.1. Company Overview
  - 9.5.7.2. Product Portfolio
  - 9.5.7.3. Financial Overview
  - 9.5.7.4. Business Strategies and Development
- 9.5.8. Drahpo Gmbh
  - 9.5.8.1. Company Overview
  - 9.5.8.2. Product Portfolio
  - 9.5.8.3. Business Strategies and Development
- 9.5.9. Drahtwerk Elisental W. Erdmann Gmbh & Co.
  - 9.5.9.1. Company Overview
  - 9.5.9.2. Product Portfolio
  - 9.5.9.3. Financial Overview
  - 9.5.9.4. Business Strategies and Development
- 9.5.10. Durum Verschleissschutz Gmbh
  - 9.5.10.1. Company Overview
  - 9.5.10.2. Product Portfolio
  - 9.5.10.3. Financial Overview
  - 9.5.10.4. Business Strategies and Development
- 9.5.11. Elbor Spa
  - 9.5.11.1. Company Overview
  - 9.5.11.2. Product Portfolio
  - 9.5.11.3. Financial Overview
  - 9.5.11.4. Business Strategies and Development
- 9.5.12. Fidat Srl
  - 9.5.12.1. Company Overview
  - 9.5.12.2. Product Portfolio
  - 9.5.12.3. Financial Overview
  - 9.5.12.4. Business Strategies and Development
- 9.5.13. Fronius International Gmbh
  - 9.5.13.1. Company Overview
  - 9.5.13.2. Product Portfolio
  - 9.5.13.3. Financial Overview
  - 9.5.13.4. Business Strategies and Development
- 9.5.14. GEDIK WELDING
  - 9.5.14.1. Company Overview
  - 9.5.14.2. Product Portfolio
  - 9.5.14.3. Financial Overview
  - 9.5.14.4. Business Strategies and Development
- 9.5.15. Hermann Fliess & Co. Gmbh
  - 9.5.15.1. Company Overview
  - 9.5.15.2. Product Portfolio
  - 9.5.15.3. Financial Overview
  - 9.5.15.4. Business Strategies and Development

10. Appendix

10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations