Welding Equipment, Accessories, and Consumables Market forecast and Trends
The global Welding
Equipment, Accessories, and Consumable market has reached 21.98 Billion in 2019
and estimated to reach USD 29.78 Billion in 2026 and anticipated to grow by
CAGR of 4.51% during the forecast period 2020-2026. Some of the key factors
expected to pave the way for market growth for the welding equipment,
accessories, and consumables market in the forthcoming years are rapid growth
in the automotive industry, technological advances in the marine and power
generation sectors, rising demand for efficient welding consumables due to the
increasing infrastructure in industrial processes. Increasing middle-class per-capita
income has increased consumer purchasing power, leading to the growth of new
structures and manufacturing, leading to increased use of welding equipment,
accessories, and consumables. The welding consumables are used in the
automotive industry in the manufacture of lightweight and high-quality vehicle
parts. Improvements in vehicle safety features, along with emerging car
designs, have increased automotive sales, thus boosting growth in the demand
for welding equipment, accessories, and consumables.
Welding Equipment, Accessories, and Consumables Market: Overview
Welding equipment technology
is generally used for the fabrication of two or more material permanently. This
method is adopted in small- or large-scale industries to weld metal or thermoplastics.
Various welding equipment such as gas flames, electric arcs, friction, molten
metal baths, lasers, ultrasound, electron beams, and electrical resistance are
used globally. Growth in the construction industry throughout the world, a
slight increase in consumer spending, full capacity utilization of the
manufacturers, and an increase in automobiles sales have played a huge role in
providing the necessary momentum to the welding equipment, accessories, and
Growing of Automobile, Steel
and Constructions industries is the major drivers in Welding Equipment, Accessories,
and Consumables Industry
Continuous increase in
automotive production and an increased number of applications across different
end-user industries using different types of welding techniques increased
global investment in energy infrastructure and increased the use of welding
consumables for maintenance and repair purposes.
Surged disposable income in
the middle class is driving the Welding Equipment, Accessories, and Consumables
Increasing per capita income
in the middle class has increased consumer purchasing power, resulting in the
growth of new structures and manufacturing, leading to increased use of welding
equipment, accessories, and consumables. With the increasing population, the
number of residential, commercial projects, the building & construction
demand is raised, thereby fueling the market. Also, government initiatives for
infrastructure improvement, availability of bank loans at lower prices, etc.
are elevating the construction sector, as a result propelling the Welding
Equipment, Accessories, and Consumables market.
High cost and unskilled
labor restrict Growth of the Welding Equipment, Accessories, and Consumables
Slow adoption of enhanced
welding technologies in developing economies, the environmental impact of
welding consumables, slow growth of aerospace & defense and shipbuilding
industries, and customer price sensitivity restrict the market growth of Welding
Equipment, Accessories, and Consumables.
Welding Equipment, Accessories, and Consumables Market: By Technology
Based on Technology, Global
Welding Equipment, Accessories, and Consumables segmented into Arc Welding,
Oxy-Fuel Welding, and Others. The Arc Welding segment dominated the market in
2019 and is projected to be the rapidly growing segment in the next five years,
owing to the upsurge in demand for argon gases by the different industries to
meet the demand. Additionally, the oxy-fuel segment is projected to be the
second-fastest-growing industry in the coming year. Increasing demand from
various end-use industries, including construction, aerospace & Defence,
oil & gas, automotive, and many more, are driving the market. Arc welding equipment
is being increasingly used to construct gas rigs, homes, huge offshore oil,
bridges, and pipelines. Furthermore, the government spends a huge amount on
national infrastructure expansion programs that lead to the growth of Arc
welding during the forecast period.
Welding Equipment, Accessories, and Consumables Market: By Equipment Type
Based on Equipment Type,
Global Welding Equipment, Accessories, and Consumables segmented into Welding
electrode & filler metal, and Oxy-fuel Gas. The welding electrode and
filler metal equipment segment held the largest share in 2015 and is predicted
to have market dominance during the forecast years since it is mostly used in
the arc welding equipment.
Welding Equipment, Accessories, and Consumables Market: By End-Use
Based on End-Use, the
Welding Equipment, Accessories, and Consumables market segmented into
Automotive, Fabrication, Building & Construction, Marine, Power, Oil &
Gas, and Others. The automotive segment is expected to grow significantly in
the forecast period since the automotive sector is concentrating on reducing
the weight of vehicles by substituting metal parts with plastics, which
requires high precision welding. Furthermore, the automotive industry is
prioritizing to hold advanced welding technology to make the best use of high
tensile strength steels that are deployed in manufacturing the automotive parts
and create a global position of technological superiority, further increase the
market. Besides, oil & gas and railway segments are expected to grow
moderately over the forecast period owing to rising infrastructure in
developing economies, adoption of various precision welding techniques to
perform critical operations such as railway tracks, underwater pipelines, etc.
Welding Equipment, Accessories, and Consumables Market: Regional insights
Based on Region, The Welding
Equipment, Accessories, and Consumables Market is segmented into North America,
Europe, Asia-Pacific, Latin America, and Middle East & Africa. Asia-Pacific
is predicted to be the fastest-growing market for Welding Equipment,
Accessories, and Consumables during the forecast period, mainly due to
increasing demand for semi-automatic & automatic welding production systems
in developing Asia Pacific countries increases the need for welding consumables
and inclination towards urbanization and industrialization. Besides, the rising
number of construction projects in APAC countries, including China, India, is
anticipated to fuel the growth of the global Welding Equipment, Accessories,
and Consumables market during the forecast period 2020-2026.
Equipment, Accessories, and Consumable Market: Competitive Landscape
The major market players in
the Welding Equipment, Accessories, and Consumable Market include Linde Group,
Air Liquide S.A., Illinois Tool Works Inc., Colfax Corporation, Lincoln
Electric Holdings Inc., Messer Group, African Oxygen Limited, GCE Holding
AB, Koike Aronson Inc., Fronius
International GmbH, Matheson Tri-Gas Inc., Bug-O Systems Inc., Gentec
(Shanghai) Corporation, British Oxygen Company, Müller Opladen, Cavagna Group,
Rotarex, and Other Prominent Players.
objective of the Study:
To analyze and forecast the
global Welding Equipment, Accessories, and Consumables market size of the, in
terms of value.
To examine the careful
segmentation and forecast the size, in terms value, based on the region by
segmenting the Global Welding Equipment, Accessories, and Consumables into five
regions, namely, North America, Europe, Asia Pacific, Middle East & Africa,
Latin America, and their leading countries.
To outline, categorized and
forecast the global Welding Equipment, Accessories, and Consumables market
based on Technology, Equipment Type, Accessory, Consumable, and End-Use.
To examine competitive
developments like technological advancement, services, and regulative framework
within the global Welding Equipment, Accessories, and Consumables Market.
To highlight the impact
analysis of the factors affecting the dynamics such as drivers, restraints,
opportunities, and challenges.
To strategically profile the
key players and comprehensively analyze their shares along with detailing the
competitive landscape for leaders.
of the Report:
Historical data – 2016-2019
Base Year – 2019
Forecast – 2020 – 2026
Revenue in USD Million/Billion
U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico,
Argentina, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia
By Technology, Equipment Type, Accessory,
Consumable, and End-Use Industry.
The Linde Group, Air Liquide S.A., Illinois Tool Works Inc., Colfax
Corporation, Lincoln Electric Holdings Inc., Messer Group, African Oxygen
Limited, GCE Holding AB, Koike Aronson, Inc., Fronius International GmbH, Matheson
Tri-Gas, Inc., Bug-O Systems Inc., Gentec (Shanghai) Corporation, British
Oxygen Company, Müller Opladen, Cavagna Group, Rotarex, Other Prominent Players.
By Equipment Type
Welding electrode & filler metal
By End-Use Industry
Building & Construction
Oil & Gas
Middle East & Africa
Questions answered by the report
How will the drivers,
restraints, and opportunities affect the dynamics?
What will be the size in
terms of value and volume and statistics with a detailed classification?
Which segment dominates the
or region, and one will be the fastest-growing, and why?
A comprehensive survey of
the competitive landscape and the
Analysis of strategy adopted
by the key player and their impact on other players.
Scope for the Client
Client satisfaction is our
first and last priority, and that’s why BlueWeave Consulting offers
customization according to Company’s specific needs. The following
customization options are available for the report:
With five additional company
Additional country analysis
Detailed segment analysis