Welding equipment, accessories & consumables market is anticipated to grow at a CAGR of4.7% during the forecast period. The growing adoption of welding equipment, accessories & consumables by multiple industries across the globe is expected to boost the growth of the welding equipment, accessories & consumables market over the forecast period. Key players are launching welding equipment to cater to the demand of industries and to stay competitive in the market. For instance, in February 2021, Lincoln Electric Holdings, Inc, manufacturer of welding products, arc welding equipment, welding consumables, and others launched Vantage 441X, a new addition to the Vantage line of diesel engine-driven welder/generators. The engine is designed to deliver power, dependability, and flexibility to operators. The product is equipped with a 41hp (horsepower), turbocharged Perkins diesel engine and provides true IEC-rated 400-amp, 100% duty cycle DC welding output. Additionally, the Vantage 441X welder/generator delivers superior SMAW (shielded metal arc welding) capabilities and features customized weld modes for carbon steel, aluminum, and stainless steel. For more advanced applications, the engine also includes dedicated SAW (submerged-arc welding) and orbital pipe modes, along with synergic pulse capabilities for better arc performance in GMAW (Gas metal arc welding) welding.
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The global welding equipment, accessories & consumables market is segmented based on the equipment, technology, and end-user. Based on the equipment, the market is sub-segmented into electrodes & filler metal, oxy-fuel gas, and others. Based on the technology, the market is sub-segmented into arc welding, oxy-fuel welding, and others. Based on the end-user, the market is further sub-segmented into automotive, construction and infrastructure, shipbuilding, power generation, and others. Among these, the arc welding segment is expected to hold a considerable share of the market due to the rising usage of arc welding in offshore infrastructure development operations, maintenance, and repair of pipelines, process equipment, and in nuclear facilities which drive the welding equipment, accessories & consumables market.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Welding Equipment, Accessories & Consumables Market Report Segment
By Equipment
- Electrodes & Filler Metal Equipment
- Oxy-fuel Gas Equipment
- Other Equipment
By Technology
- Arc Welding
- Oxy-fuel Welding
- Others
By End-User
- Automotive
- Construction and Infrastructure
- Shipbuilding
- Power Generation
- Others
Global Welding Equipment, Accessories & Consumables Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global welding equipment, accessories & consumables market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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