The welding equipment, accessories, and consumables market size has grown strongly in recent years. It will grow from $29.18 billion in 2025 to $31.13 billion in 2026 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to growing automotive manufacturing, increasing construction and infrastructure projects, early adoption in heavy engineering and shipbuilding, rising use of oxy-fuel welding in industrial applications, demand for manual and semi-automatic welding processes.
The welding equipment, accessories, and consumables market size is expected to see strong growth in the next few years. It will grow to $40.34 billion in 2030 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to growing automotive manufacturing, increasing construction and infrastructure projects, early adoption in heavy engineering and shipbuilding, rising use of oxy-fuel welding in industrial applications, demand for manual and semi-automatic welding processes. Major trends in the forecast period include adoption of advanced arc welding technologies, increased use of oxy-fuel welding, expansion of laser and electron beam welding, rising demand in automotive and heavy engineering, enhanced safety and ergonomics in welding equipment.
The growing demand in the steel industry is expected to drive the growth of the welding equipment accessories and consumables market in the coming years. The steel industry involves the production, processing, and manufacturing of steel and steel-based products, which are critical for construction, infrastructure, automotive, machinery, and various industrial applications. As welded metals become more widely used in fabrication processes, the adoption of welding equipment like stick welding, TIG welding, and MIG welding has increased, driving the consumption of related accessories and consumables. The welding equipment accessories and consumables market supports the expanding steel industry by supplying essential tools and materials for efficient, high-quality welding in steel fabrication and manufacturing. For instance, in June 2025, the World Steel Association (Worldsteel), a Belgium-based international trade body for the iron and steel industry, reported that world crude steel production rose from 1.88 billion tonnes in 2022 to 1.9 billion tonnes in 2023. In 2024, 93 steel companies and associations contributed to the data collection, representing 956.1 million tonnes, or 51% of global crude steel production. Additionally, 214.7 kg of steel was used in new products per person globally in 2024. Therefore, the growing demand in the steel industry is driving the growth of the welding equipment accessories and consumables market.
Major companies in the welding equipment, accessories, and consumables market are concentrating on launching portable welding machines to improve accessibility and convenience for users, enabling on-site welding applications across different industries. A portable welding machine is a compact, lightweight device designed for easy transport and operation in various locations. These machines feature auto cable calibration to ensure precise voltage readings before welding commences. The PowerLog function allows users to adjust welding current levels effortlessly during operation. For example, in March 2023, Kemppi GmbH, a Finland-based manufacturing firm, introduced the Master M 205 and Master M 323 portable welding machines. Both models include an intuitive Weld Assist that simplifies parameter settings, enabling users to select material thickness, joint type, and welding position for quick initiation of the welding process. A bright, easy-to-read 5" LCD screen enhances visibility in confined spaces, while self-charging LED work lights improve safety in low-light conditions. Additionally, both machines can operate with or without mains power, making them adaptable to various work environments.
In June 2025, ESAB Corporation, a U.S.-based industrial welding equipment and consumables manufacturer, announced its acquisition of EWM GmbH for approximately €275 million (about $317 million USD). This acquisition aims to expand ESAB's global welding equipment portfolio, particularly in heavy industrial welding systems and advanced automation, while strengthening its technological capabilities and broadening its market reach in Europe and other regions. EWM GmbH, a Germany-based leader in premium arc welding technology solutions, offers high-quality welding machines, components, torches, consumables, and accessories for both manual and automated welding applications.
Major companies operating in the welding equipment, accessories, and consumables market report are Air Liquide S. A., British Oxygen Company, Bug-O Systems Inc., Carl Cloos Schweisstechnik GmbH, Cavagna Group UK Ltd., Colfax Corporation, Daihen Corporation, GCE Holding AB, Gentec Corporation, Illinois Tool Works Inc., Kobe Steel Ltd., Koike Aronson Inc., Lincoln Electric Holdings Inc., Linde plc, Matheson Tri-Gas Inc., Elektriska Svetsnings-Aktiebolaget, Fronius International GmbH, Kemppi Oy, Obara Corporation, Panasonic Corporation, ARCON Welding Equipment LLC, Costruzioni Elettromeccaniche Annettoni S. p. A., Ewm Ag, Hyundai Welding Co. Ltd., Kjellberg Finsterwalde Plasma und Maschinen GmbH, Lorch Schweißtechnik GmbH, Miller Electric Mfg LLC, OTC Daihen Corporation, Rofin-Sinar Technologies Inc., Soyer GmbH, Voestalpine Böhler Welding GmbH, Welding Alloys Group Ltd.
Asia-Pacific was the largest region in the welding equipment accessories and consumables market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the welding equipment, accessories, and consumables market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the welding equipment, accessories, and consumables market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The welding equipment accessories and consumables market consists of sales of gas metal arc welding, TIG welding, and stick welding. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 1-3 business days.
The welding equipment, accessories, and consumables market size is expected to see strong growth in the next few years. It will grow to $40.34 billion in 2030 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to growing automotive manufacturing, increasing construction and infrastructure projects, early adoption in heavy engineering and shipbuilding, rising use of oxy-fuel welding in industrial applications, demand for manual and semi-automatic welding processes. Major trends in the forecast period include adoption of advanced arc welding technologies, increased use of oxy-fuel welding, expansion of laser and electron beam welding, rising demand in automotive and heavy engineering, enhanced safety and ergonomics in welding equipment.
The growing demand in the steel industry is expected to drive the growth of the welding equipment accessories and consumables market in the coming years. The steel industry involves the production, processing, and manufacturing of steel and steel-based products, which are critical for construction, infrastructure, automotive, machinery, and various industrial applications. As welded metals become more widely used in fabrication processes, the adoption of welding equipment like stick welding, TIG welding, and MIG welding has increased, driving the consumption of related accessories and consumables. The welding equipment accessories and consumables market supports the expanding steel industry by supplying essential tools and materials for efficient, high-quality welding in steel fabrication and manufacturing. For instance, in June 2025, the World Steel Association (Worldsteel), a Belgium-based international trade body for the iron and steel industry, reported that world crude steel production rose from 1.88 billion tonnes in 2022 to 1.9 billion tonnes in 2023. In 2024, 93 steel companies and associations contributed to the data collection, representing 956.1 million tonnes, or 51% of global crude steel production. Additionally, 214.7 kg of steel was used in new products per person globally in 2024. Therefore, the growing demand in the steel industry is driving the growth of the welding equipment accessories and consumables market.
Major companies in the welding equipment, accessories, and consumables market are concentrating on launching portable welding machines to improve accessibility and convenience for users, enabling on-site welding applications across different industries. A portable welding machine is a compact, lightweight device designed for easy transport and operation in various locations. These machines feature auto cable calibration to ensure precise voltage readings before welding commences. The PowerLog function allows users to adjust welding current levels effortlessly during operation. For example, in March 2023, Kemppi GmbH, a Finland-based manufacturing firm, introduced the Master M 205 and Master M 323 portable welding machines. Both models include an intuitive Weld Assist that simplifies parameter settings, enabling users to select material thickness, joint type, and welding position for quick initiation of the welding process. A bright, easy-to-read 5" LCD screen enhances visibility in confined spaces, while self-charging LED work lights improve safety in low-light conditions. Additionally, both machines can operate with or without mains power, making them adaptable to various work environments.
In June 2025, ESAB Corporation, a U.S.-based industrial welding equipment and consumables manufacturer, announced its acquisition of EWM GmbH for approximately €275 million (about $317 million USD). This acquisition aims to expand ESAB's global welding equipment portfolio, particularly in heavy industrial welding systems and advanced automation, while strengthening its technological capabilities and broadening its market reach in Europe and other regions. EWM GmbH, a Germany-based leader in premium arc welding technology solutions, offers high-quality welding machines, components, torches, consumables, and accessories for both manual and automated welding applications.
Major companies operating in the welding equipment, accessories, and consumables market report are Air Liquide S. A., British Oxygen Company, Bug-O Systems Inc., Carl Cloos Schweisstechnik GmbH, Cavagna Group UK Ltd., Colfax Corporation, Daihen Corporation, GCE Holding AB, Gentec Corporation, Illinois Tool Works Inc., Kobe Steel Ltd., Koike Aronson Inc., Lincoln Electric Holdings Inc., Linde plc, Matheson Tri-Gas Inc., Elektriska Svetsnings-Aktiebolaget, Fronius International GmbH, Kemppi Oy, Obara Corporation, Panasonic Corporation, ARCON Welding Equipment LLC, Costruzioni Elettromeccaniche Annettoni S. p. A., Ewm Ag, Hyundai Welding Co. Ltd., Kjellberg Finsterwalde Plasma und Maschinen GmbH, Lorch Schweißtechnik GmbH, Miller Electric Mfg LLC, OTC Daihen Corporation, Rofin-Sinar Technologies Inc., Soyer GmbH, Voestalpine Böhler Welding GmbH, Welding Alloys Group Ltd.
Asia-Pacific was the largest region in the welding equipment accessories and consumables market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the welding equipment, accessories, and consumables market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the welding equipment, accessories, and consumables market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The welding equipment accessories and consumables market consists of sales of gas metal arc welding, TIG welding, and stick welding. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Welding Equipment, Accessories, and Consumables Market Characteristics
3. Welding Equipment, Accessories, and Consumables Market Supply Chain Analysis
4. Global Welding Equipment, Accessories, and Consumables Market Trends and Strategies
5. Welding Equipment, Accessories, and Consumables Market Analysis of End Use Industries
7. Global Welding Equipment, Accessories, and Consumables Strategic Analysis Framework, Current Market Size, Market Comparisons and Growth Rate Analysis
8. Global Welding Equipment, Accessories, and Consumables Total Addressable Market (TAM) Analysis for the Market
9. Welding Equipment, Accessories, and Consumables Market Segmentation
10. Welding Equipment, Accessories, and Consumables Market Regional and Country Analysis
11. Asia-Pacific Welding Equipment, Accessories, and Consumables Market
12. China Welding Equipment, Accessories, and Consumables Market
13. India Welding Equipment, Accessories, and Consumables Market
14. Japan Welding Equipment, Accessories, and Consumables Market
15. Australia Welding Equipment, Accessories, and Consumables Market
16. Indonesia Welding Equipment, Accessories, and Consumables Market
17. South Korea Welding Equipment, Accessories, and Consumables Market
18. Taiwan Welding Equipment, Accessories, and Consumables Market
19. South East Asia Welding Equipment, Accessories, and Consumables Market
20. Western Europe Welding Equipment, Accessories, and Consumables Market
21. UK Welding Equipment, Accessories, and Consumables Market
22. Germany Welding Equipment, Accessories, and Consumables Market
23. France Welding Equipment, Accessories, and Consumables Market
24. Italy Welding Equipment, Accessories, and Consumables Market
25. Spain Welding Equipment, Accessories, and Consumables Market
26. Eastern Europe Welding Equipment, Accessories, and Consumables Market
27. Russia Welding Equipment, Accessories, and Consumables Market
28. North America Welding Equipment, Accessories, and Consumables Market
29. USA Welding Equipment, Accessories, and Consumables Market
30. Canada Welding Equipment, Accessories, and Consumables Market
31. South America Welding Equipment, Accessories, and Consumables Market
32. Brazil Welding Equipment, Accessories, and Consumables Market
33. Middle East Welding Equipment, Accessories, and Consumables Market
34. Africa Welding Equipment, Accessories, and Consumables Market
36. Welding Equipment, Accessories, and Consumables Market Competitive Landscape and Company Profiles
37. Welding Equipment, Accessories, and Consumables Market Other Major and Innovative Companies
40. Welding Equipment, Accessories, and Consumables Market High Potential Countries, Segments and Strategies
41. Appendix
Executive Summary
Welding Equipment, Accessories, and Consumables Market Global Report 2026 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses welding equipment, accessories, and consumables market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for welding equipment, accessories, and consumables? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The welding equipment, accessories, and consumables market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
- The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
- The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
- The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
- The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
- The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
- Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.
Report Scope
Markets Covered:
1) By Technology: Arc Welding; Oxy-fuel Welding; Other Technologies2) By Equipment Type: Welding Electrode; Filler Metal; Oxy-fuel Gas
3) By Application: Automotive; Building and construction; Heavy Engineering; Railway and Shipbuilding; Oil and Gas; Other Applications
Subsegments:
1) By Arc Welding: Shielded Metal Arc Welding (SMAW); Gas Metal Arc Welding (GMAW); Gas Tungsten Arc Welding (GTAW)2) By Oxy-Fuel Welding: Oxy-Acetylene Welding; Oxy-Propane Welding
3) By Other Technologies: Laser Welding; Electron Beam Welding; Friction Welding
Companies Mentioned: Air Liquide S. a.; British Oxygen Company; Bug-O Systems Inc.; Carl Cloos Schweisstechnik GmbH; Cavagna Group UK Ltd.; Colfax Corporation; Daihen Corporation; GCE Holding AB; Gentec Corporation; Illinois Tool Works Inc.; Kobe Steel Ltd.; Koike Aronson Inc.; Lincoln Electric Holdings Inc.; Linde plc; Matheson Tri-Gas Inc.; Elektriska Svetsnings-Aktiebolaget; Fronius International GmbH; Kemppi Oy; Obara Corporation; Panasonic Corporation; ARCON Welding Equipment LLC; Costruzioni Elettromeccaniche Annettoni S. p. a.; Ewm Ag; Hyundai Welding Co. Ltd.; Kjellberg Finsterwalde Plasma und Maschinen GmbH; Lorch Schweißtechnik GmbH; Miller Electric Mfg LLC; OTC Daihen Corporation; Rofin-Sinar Technologies Inc.; Soyer GmbH; Voestalpine Böhler Welding GmbH; Welding Alloys Group Ltd.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: Word, PDF or Interactive Report + Excel Dashboard
Added Benefits:
- Bi-Annual Data Update
- Customisation
- Expert Consultant Support
Companies Mentioned
The companies featured in this Welding Equipment, Accessories, and Consumables market report include:- Air Liquide S. A.
- British Oxygen Company
- Bug-O Systems Inc.
- Carl Cloos Schweisstechnik GmbH
- Cavagna Group UK Ltd.
- Colfax Corporation
- Daihen Corporation
- GCE Holding AB
- Gentec Corporation
- Illinois Tool Works Inc.
- Kobe Steel Ltd.
- Koike Aronson Inc.
- Lincoln Electric Holdings Inc.
- Linde plc
- Matheson Tri-Gas Inc.
- Elektriska Svetsnings-Aktiebolaget
- Fronius International GmbH
- Kemppi Oy
- Obara Corporation
- Panasonic Corporation
- ARCON Welding Equipment LLC
- Costruzioni Elettromeccaniche Annettoni S. p. A.
- Ewm Ag
- Hyundai Welding Co. Ltd.
- Kjellberg Finsterwalde Plasma und Maschinen GmbH
- Lorch Schweißtechnik GmbH
- Miller Electric Mfg LLC
- OTC Daihen Corporation
- Rofin-Sinar Technologies Inc.
- Soyer GmbH
- Voestalpine Böhler Welding GmbH
- Welding Alloys Group Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | January 2026 |
| Forecast Period | 2026 - 2030 |
| Estimated Market Value ( USD | $ 31.13 Billion |
| Forecasted Market Value ( USD | $ 40.34 Billion |
| Compound Annual Growth Rate | 6.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 32 |
