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Welding Products Market Size, Share & Trends Analysis Report by Technology (Arc, Resistance), by Product (Stick Electrodes, Solid Wires), by Application, by Region, and Segment Forecasts, 2020 - 2027

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    Report

  • March 2020
  • Region: Global
  • Grand View Research
  • ID: 4118822
Description Jump to:
The global welding products market size is expected to reach USD 23.51 billion by 2027, expanding at a revenue-based CAGR of 6.2% during the forecast period. Rapid industrialization and growing investments in infrastructural developments in major economies such as U.S., U.K., China, India, and Brazil are the factors anticipated to propel the market growth.

Welding products offer design flexibility, ease of construction modification, and aid in reducing the overall weight of building structures. This promotes the use of welding products in the construction of buildings, pipelines, bridges, and other engineering work for infrastructure development.

Rapid urbanization and increasing disposable income of the population is anticipated to promote the expansion of construction industry across the globe. Welding provides strong joining of heavy products crucial to the structural integrity of buildings in the construction industry. This is anticipated to propel the market growth over the forecast period.

The welding products market is fragmented in nature with the presence of a number of global and regional players. Several manufacturers have integrated themselves across the value chain on account of increasing opportunities and moderate growth. This helps them grab a higher market share.

Further key findings from the report suggest:
  • The arc welding technology segment accounted for USD 5.37 billion in 2019 and is projected to witness strong growth over the forecast period, owing to the characteristics of this technology, such as flexibility and the ability to perform under any conditions

  • The flux-cored wires segment is projected to expand at a CAGR of 7.4% from 2020 to 2027, on account of rising demand from construction and shipbuilding applications

  • The automotive and transportation application segment is anticipated to reach USD 9.02 billion as the complete manufacturing of automotive components, such as exhaust systems and car bodies requires the use of welding process

  • Asia Pacific is expected to exhibit the highest growth over the forecast period and is expected to account for USD 10.52 billion by 2027 owing to the robust growth of construction and automotive industries in the region

  • The China welding products market accounted for USD 2.06 billion and is projected to expand at a CAGR of 7.5% from 2020 to 2027 due to the increasing government support to promote investments in manufacturing sectors


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Table of Contents

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List Of Data Sources
Chapter 2. Executive Summary
2.1. Welding Products Market Snapshot
Chapter 3. Welding Products Market Variables, Trends, & Scope
3.1. Market Segmentation And Scope
3.2. Value Chain Analysis
3.3. Vendor Landscape
3.4. Raw Material Trends
3.5. Regulatory Scenario
3.5.1. Occupational Safety and Health Administration
3.5.2. Local Exhaust Ventilation Guidelines
3.5.3. American National Standard
3.5.4. Standards & Compliances
3.5.5. REACH Regulations
3.6. Technological Landscape
3.7. Market Dynamics
3.7.1. Market Driver Analysis
3.7.1.1. Rise in the use in the growing building & construction industry
3.7.1.2. Growing demand for advanced welding technology from automotive industry
3.7.2. Market Restraint Analysis
3.7.2.1. Lack of skilled labor and high labor cost
3.8. Key Opportunities - Prioritized
3.9. Welding Products Market - Porter’s Analysis
3.9.1. Supplier Power
3.9.2. Buyer Power
3.9.3. Substitution Threat
3.9.4. Threat from New Entrant
3.9.5. Competitive Rivalry
3.10. Welding Products Market - PESTEL Analysis
3.10.1. Political Landscape
3.10.2. Environmental Landscape
3.10.3. Social Landscape
3.10.4. Technology Landscape
3.10.5. Economic Landscape
3.10.6. Legal Landscape
Chapter 4. Welding Products Market: Technology Estimates & Analysis
4.1. Welding products market: Product movement analysis, 2019 & 2027
4.2. Arc Welding
4.2.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
4.3. Resistance Welding
4.3.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
4.4. Oxy Fuel Welding
4.4.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
4.5. Laser Beam Welding
4.5.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
4.6. Other Welding
4.6.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
Chapter 5. Welding Products Market: Product Estimates & Analysis
5.1. Welding products market: Product movement analysis, 2019 & 2027
5.2. Stick Electrodes
5.2.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
5.3. Solid Wires
5.3.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
5.4. Flux Cored Wires
5.4.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
5.5. Saw Wired Fluxes
5.5.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
5.6. Other Products
5.6.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
Chapter 6. Welding Products Market: Application Estimates & Analysis
6.1. Welding products market: Application movement analysis, 2019 & 2027
6.2. Automotive & Transportation
6.2.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
6.3. Building & Construction
6.3.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
6.4. Marine
6.4.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
6.5. Other Applications
6.5.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
Chapter 7. Welding Products Market: Regional Estimates & Trend Analysis
7.1. Welding products Market: Regional Movement Analysis, 2019 & 2027
7.2. North America
7.2.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
7.2.2. Market estimates and forecasts, by technology, 2016 - 2027 (USD Million)
7.2.3. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
7.2.4. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
7.2.5. U.S.
7.2.5.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
7.2.5.2. Market estimates and forecasts, by technology, 2016 - 2027 (USD Million)
7.2.5.3. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
7.2.5.4. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
7.2.6. Canada
7.2.6.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
7.2.6.2. Market estimates and forecasts, by technology, 2016 - 2027 (USD Million)
7.2.6.3. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
7.2.6.4. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
7.2.7. Mexico
7.2.7.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
7.2.7.2. Market estimates and forecasts, by technology, 2016 - 2027 (USD Million)
7.2.7.3. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
7.2.7.4. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
7.3. Europe
7.3.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
7.3.2. Market estimates and forecasts, by technology, 2016 - 2027 (USD Million)
7.3.3. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
7.3.4. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
7.3.5. Germany
7.3.5.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
7.3.5.2. Market estimates and forecasts, by technology, 2016 - 2027 (USD Million)
7.3.5.3. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
7.3.5.4. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
7.3.6. U.K.
7.3.6.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
7.3.6.2. Market estimates and forecasts, by technology, 2016 - 2027 (USD Million)
7.3.6.3. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
7.3.6.4. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
7.3.7. France
7.3.7.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
7.3.7.2. Market estimates and forecasts, by technology, 2016 - 2027 (USD Million)
7.3.7.3. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
7.3.7.4. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
7.4. Asia Pacific
7.4.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
7.4.2. Market estimates and forecasts, by technology, 2016 - 2027 (USD Million)
7.4.3. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
7.4.4. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
7.5. China
7.5.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
7.5.2. Market estimates and forecasts, by technology, 2016 - 2027 (USD Million)
7.5.3. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
7.5.4. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
7.6. India
7.6.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
7.6.2. Market estimates and forecasts, by technology, 2016 - 2027 (USD Million)
7.6.3. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
7.6.4. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
7.7. Japan
7.7.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
7.7.2. Market estimates and forecasts, by technology, 2016 - 2027 (USD Million)
7.7.3. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
7.7.4. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
7.8. Singapore
7.8.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
7.8.2. Market estimates and forecasts, by technology, 2016 - 2027 (USD Million)
7.8.3. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
7.8.4. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
7.9. Thailand
7.9.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
7.9.2. Market estimates and forecasts, by technology, 2016 - 2027 (USD Million)
7.9.3. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
7.9.4. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
7.10. Malaysia
7.10.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
7.10.2. Market estimates and forecasts, by technology, 2016 - 2027 (USD Million)
7.10.3. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
7.10.4. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
7.11. Philippines
7.11.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
7.11.2. Market estimates and forecasts, by technology, 2016 - 2027 (USD Million)
7.11.3. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
7.11.4. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
7.12. Australia
7.12.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
7.12.2. Market estimates and forecasts, by technology, 2016 - 2027 (USD Million)
7.12.3. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
7.12.4. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
7.13. Vietnam
7.13.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
7.13.2. Market estimates and forecasts, by technology, 2016 - 2027 (USD Million)
7.13.3. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
7.13.4. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
7.14. Central & South America
7.14.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
7.14.1.1 Market estimates and forecasts, by technology, 2016 - 2027 (USD Million)
7.14.1.2. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
7.14.1.3 Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
7.14.2. Brazil
7.14.2.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
7.14.2.2. Market estimates and forecasts, by technology, 2016 - 2027 (USD Million)
7.14.2.3. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
7.14.2.4. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
7.15. Middle East & Africa
7.15.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
7.15.2. Market estimates and forecasts, by technology, 2016 - 2027 (USD Million)
7.15.3. Market estimates and forecasts, by product, 2016 - 2027 (USD Million)
7.15.4. Market estimates and forecasts, by application, 2016 - 2027 (USD Million)
Chapter 8. Company Profiles
8.1. Colfax Corporation
8.1.1. Company Overview
8.1.2. Financial Performance
8.1.3. Product Benchmarking
8.1.4. Strategic Initiatives
8.2. Veostalpine AG
8.2.1. Company Overview
8.2.2. Financial Performance
8.2.3. Product Benchmarking
8.2.4. Strategic Initiatives
8.3. Air Liquide Welding Ltd.
8.3.1. Company Overview
8.3.2. Financial Performance
8.3.3. Product Benchmarking
8.4. The Lincoln Electric Company
8.4.1. Company Overview
8.4.2. Financial Performance
8.4.3. Product Benchmarking
8.4.4. Strategic Initiatives
8.5. Illinois Tool Works, Inc.
8.5.1. Company Overview
8.5.2. Financial Performance
8.5.3. Product Benchmarking
8.5.4. Strategic initiatives
8.6. Hyundai Welding Co., Ltd.
8.6.1. Company Overview
8.6.2. Financial Performance
8.6.3. Product Benchmarking
8.7. Obara Corporation
8.7.1. Company Overview
8.7.2. Product Benchmarking
8.8. Sandvik AB
8.8.1. Company Overview
8.8.2. Financial Performance
8.8.3. Product Benchmarking
8.8.4. Strategic initiatives
8.9. Kiswel, Inc.
8.9.1. Company Overview
8.9.2. Product Benchmarking
8.10. Kemppi Oy
8.10.1. Company Overview
8.10.2. Product Benchmarking
8.10.3. Strategic initiatives
8.11. Mitco Weld Products Pvt. Ltd
8.11.1. Company Overview
8.11.2. Product Benchmarking
8.12. Tianjin Bridge Welding Materials Co., Ltd.
8.12.1. Company Overview
8.12.2. Product Benchmarking
8.13. Senor Metals Pvt. Ltd.
8.13.1. Company Overview
8.13.2. Product Benchmarking
8.14. Metrode Products Ltd.
8.14.1. Company Overview
8.14.2. Product Benchmarking

Companies Mentioned

  • Colfax Corporation
  • Veostalpine AG
  • Air Liquide Welding Ltd.
  • The Lincoln Electric Company
  • Illinois Tool Works, Inc.
  • Hyundai Welding Co., Ltd.
  • Obara Corporation
  • Sandvik AB
  • Kiswel, Inc.
  • Kemppi Oy
  • Mitco Weld Products Pvt. Ltd
  • Tianjin Bridge Welding Materials Co., Ltd.
  • Senor Metals Pvt. Ltd.
  • Metrode Products Ltd.

Methodology

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