According to the report, global welding products market was valued at USD 20.67 billion in 2016 and is expected to reach USD 32.63 billion in 2022, growing at a CAGR of 7.5% between 2017 and 2022.Welding is used to joining two or more metals or thermoplastics permanently with help of coalescence. Many energy sources are used for weldings such as molten metal baths, electric arcs, gas flames, electric resistance, friction, lasers and ultrasound. There are solid states welding processes like friction welding or shielded active gas welding which is widely applied because in these processes metal does not melt. Welding products are used in various end-user industries like marine, building & contractions, automobile, offshore and others.
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According to the report, global welding products market was valued at USD 20.67 billion in 2016 and is expected to reach USD 32.63 billion in 2022, growing at a CAGR of 7.5% between 2017 and 2022.
Welding is a sculptural process that joins materials, mainly thermoplastics or metals by resulting into fusion which does not melt the base metal. Welding processes have been applied since the initiation of the industrial revolution. Different energy sources are used for welding process including gas flames, electric arcs, lasers, electric resistance, molten metal baths, friction, electron beams and ultrasound. These welding products are applied in various industries like marine, automobile, construction, manufacturing and offshore. Welding is the only technique used to join materials permanently in space and underwater applications.
The incredible growth in the construction and automobile industry in emerging economies like India and China is likely to be the driving factor for welding products globally. Rapid urbanization and industrialization in developing countries are the rising factors in the growth of construction and automobile industries which in turn is expected to result in high demand for welding products. However, slow acceptance of new welding technologies in developing countries like India is a restraint for the growth of the welding products. Shortage of skilled labor for the welding process also can hamper the market.A rise in the demand for wind energy systems is likely to create requirements for efficiency in wind tower fabrication resulting into the need for welding products. So, high potential for welding products in wind energy industry can turn as an opportunity to welding products market.
The global market for welding products is segmented on the basis of technology, product, application and region.By technology, the market is divided into resistance welding, arc welding, oxy-fuel welding, beam welding and others.
the technology of arc welding accounted for over 48% share of the overall welding technology segment for the year 2016 followed by resistance welding segment with over 20% share. On the basis of product, the welding product market is segmented into flux cored wires, SAW wires, and fluxes, stick electrode, solid wires, and others. Stick electrodes have exhibited high demand statistics due to the presence of large end-user industries, especially in Asia Pacific. By application, the market is segmented into building & construction, automobile and transportation, marine and others amongst which automobile & transportation is leading the market.
On the basis of region, the market is segmented into Asia-Pacific Region, Western Europe, Eastern Europe, North America, Japan and Middle East Africa. Asia Pacific region is dominating the welding products market due to the presence of large end–user industries in the region. North America and Europe are expected to show moderate growth due to skilled and cheap labor shortage in the region.Middle Eastern Africa is expected to experience growth because of growing automotive industry and raw material availability which is required for the transportation industry.
Key vendors in welding product market are Fronius International GmbH, Sonics & Materials, Inc., Arcon Welding, ROFIN-SINAR Technologies Inc, DAIHEN Corporation, Basiloid Products Corp., Miyachi America Corporation, Obara Corporation Vinyl Technology, Inc. and Blue Grass Manufacturing Co., Inc. among others.
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[wptab name=’Table of content’]
- Chapter 1. Preface
- 1.1. Report description and scope
- 1.2. Research scope
- 1.3. Research methodology
- 1.3.1. Market research process
- 1.3.2. Market research methodology
- Chapter 2. Executive Summary
- 2.1. Global welding products market, 2016 – 2022, (USD Billion)
- 2.2. Welding products: Market snapshot
- Chapter 3. Welding products Market: Industry Analysis
- 3.1. Welding products: Market dynamics
- 3.2. Market Drivers
- 3.2.1. Increasing demand for welding products in automobile & transportation.
- 3.2.2. Surging demand for oil & gas industries.
- 3.3. Restraints
- 3.3.1. Skilled labor shortage.
- 3.4. Opportunity
- 3.4.1. Rapidly growing end-user industry in Asia Pacific
- 3.5. Porter’s Five Forces Analysis
- 3.6. Market Attractiveness Analysis
- 3.6.1. Market attractiveness analysis by product
- 3.6.2. Market attractiveness analysis by application
- 3.6.3. Market attractiveness analysis by region
- 3.6.4. Market attractiveness analysis by technology
- Chapter 4. Global Welding products Market: Competitive Landscape
- 4.1. Company Market Share Analysis (Subject to data availability)
- 4.1.1. Global welding products market: company market share, 2017
- 4.2. Strategic Development
- 4.2.1. Acquisitions & Mergers
- 4.2.2. New Product Launch
- 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
- 4.2.4. Research and Development, Product and Regional Expansion
- 4.3. Product Portfolio
- 4.1. Company Market Share Analysis (Subject to data availability)
- Chapter 5. Global Welding products Market: Product Overview
- 5.1. Global welding products market share, by product, 2016 and 2022
- 5.2. SAW wires & fluxes
- 5.2.1. Global SAW wires & fluxes market, 2016 – 2022 (Kilo Tons)(USD Billion)
- 5.3. Solid wires
- 5.3.1. Global solid wires market, 2016 – 2022 (Kilo Tons)(USD Billion)
- 5.4. Flux cored wires
- 5.4.1. Global flux cored wires market, 2016 – 2022 (Kilo Tons)(USD Billion)
- 5.4.2. Stick electrodes
- 5.4.3. Global flux stick electrodes market, 2016 – 2022 (Kilo Tons)(USD Billion)
- Chapter 6. Global Welding products Market: Application Overview
- 6.1. Global welding products market share, by application, 2016 and 2022
- 6.2. Automobile & Transportation
- 6.2.1. Global welding products market for Automobile & Transportation, 2016 – 2022 (Kilo Tons)(USD Billion)
- 6.3. Marine
- 6.3.1. Global welding products market for marine, 2016 – 2022 (Kilo Tons)(USD Billion)
- 6.4. Offshore
- 6.4.1. Global welding products market for Offshore, 2016 – 2022 (Kilo Tons)(USD Billion)
- 6.5. Oil & Gas
- 6.5.1. Global welding products market for oil & gas, 2016 – 2022 (Kilo Tons)(USD Billion)
- 6.6. Building & Construction
- 6.6.1. Global welding products market for building & construction, 2016 – 2022 (Kilo Tons)(USD Billion)
- 6.7. Others
- 6.7.1. Global welding products market for other applications, 2016 – 2022 (Kilo Tons) (USD Billion)
- Chapter 7. Global Welding products Market: Regional Analysis
- 7.1. Global welding products market: Regional overview
- 7.1.1. Global welding products market share, by region, 2016 and 2022
- 7.2. North America
- 7.2.1. North America welding products market volume, by product, 2016 – 2022 (Kilo Tons)
- 7.2.2. North America welding products market revenue, by product, 2016 – 2022 (USD Billion)
- 7.2.3. North America welding products market volume, by application, 2016 – 2022 (Kilo Tons)
- 7.2.4. North America welding products market revenue, by application, 2016 – 2022 (USD Billion)
- 7.3. Europe
- 7.3.1. Europe welding products market volume, by product, 2016 – 2022 (Kilo Tons)
- 7.3.2. Europe welding products market revenue, by product, 2016 – 2022 (USD Billion)
- 7.3.3. Europe welding products market volume, by application, 2016 – 2022 (Kilo Tons)
- 7.3.4. Europe welding products market revenue, by application, 2016 – 2022 (USD Billion)
- 7.3.4.1. application, 2016 – 2022 (USD Billion)
- 7.4. Asia Pacific
- 7.4.1. Asia-Pacific welding products market volume, by product, 2016 – 2022 (Kilo Tons)
- 7.4.2. Asia-Pacific welding products market revenue, by product, 2016 – 2022 (USD Billion)
- 7.4.3. Asia-Pacific welding products market volume, by application, 2016 – 2022 (Kilo Tons)
- 7.4.4. Asia-Pacific welding products market revenue, by application, 2016 – 2022 (USD Billion)
- 7.5. Latin America
- 7.5.1. Latin America welding products market volume, by product, 2016 – 2022 (Kilo Tons)
- 7.5.2. Latin America welding products market revenue, by product, 2016 – 2022 (USD Billion)
- 7.5.3. Latin America welding products market volume, by application, 2016 – 2022 (Kilo Tons)
- 7.5.4. Latin America welding products market revenue, by application, 2016 – 2022 (USD Billion)
- 7.5.5. Brazil
- 7.5.5.1. Brazil welding products market volume, by product, 2016 – 2022 (Kilo Tons)
- 7.5.5.2. Brazil welding products market revenue, by product, 2016 – 2022 (USD Billion)
- 7.5.5.3. Brazil welding products market volume, by application, 2016 – 2022 (Kilo Tons)
- 7.5.5.4. Brazil welding products market revenue, by application, 2016 – 2022 (USD Billion)
- 7.6. Middle East & Africa
- 7.6.1. Middle East & Africa welding products market volume, by product, 2016 – 2022 (Kilo Tons)
- 7.6.2. Middle East & Africa welding products market revenue, by product, 2016 – 2022 (USD Billion)
- 7.6.3. Middle East & Africa welding products market volume, by application, 2016 – 2022 (Kilo Tons)
- 7.6.4. Middle East & Africa welding products market revenue, by application, 2016 – 2022 (USD Billion)
- 7.1. Global welding products market: Regional overview
- Chapter 8. Company Profiles
- 8.1. Arcon Welding
- 8.1.1. Overview
- 8.1.2. Financials
- 8.1.3. Product portfolio
- 8.1.4. Business strategy
- 8.1.5. Recent developments
- 8.2. ROFIN-SINAR Technologies Inc
- 8.2.1. Overview
- 8.2.2. Financials
- 8.2.3. Product portfolio
- 8.2.4. Business strategy
- 8.2.5. Recent developments
- 8.3. DAIHEN, Corporation
- 8.3.1. Overview
- 8.3.2. Financials
- 8.3.3. Product portfolio
- 8.3.4. Business strategy
- 8.3.5. Recent developments
- 8.4. Basiloid Products Corporation
- 8.4.1. Overview
- 8.4.2. Financials
- 8.4.3. Product portfolio
- 8.4.4. Business strategy
- 8.4.5. Recent developments
- 8.5. Miyachi America Corporation
- 8.5.1. Overview
- 8.5.2. Financials
- 8.5.3. Product portfolio
- 8.5.4. Business strategy
- 8.5.5. Recent developments
- 8.6. Obara Corporation vinyl technology,Inc
- 8.6.1. Overview
- 8.6.2. Financials
- 8.6.3. Product portfolio
- 8.6.4. Business strategy
- 8.6.5. Recent developments
- 8.7. Blue grass manufacturing
- 8.7.1. Overview
- 8.7.2. Financials
- 8.7.3. Product portfolio
- 8.7.4. Business strategy
- 8.7.5. Recent developments
- 8.8. Fronius international GmbH
- 8.8.1. Overview
- 8.8.2. Financials
- 8.8.3. Product portfolio
- 8.8.4. Business strategy
- 8.8.5. Recent developments
- 8.9. Sonics and Materials
- 8.9.1. Overview
- 8.9.2. Financials
- 8.9.3. Product portfolio
- 8.9.4. Business strategy
- 8.9.5. Recent developments
- 8.10. Doncasters group ltd
- 8.10.1. Overview
- 8.10.2. Financials
- 8.10.3. Product portfolio
- 8.10.4. Business strategy
- 8.10.5. Recent developments
- 8.1. Arcon Welding
List of Figures
1. Global welding products market segmentation by product, application, technology and geography
2. Global welding products market, 2016 – 2022 (USD Billion)
3. Porter’s five forces analysis: Welding products market
4. Market attractiveness analysis by product
5. Market attractiveness analysis by application
6. Market attractiveness analysis by technology
7. Market attractiveness analysis by region
8. Global welding products market : Company market share, 2016
9. Global welding products market share, by product, 2016 -2022
10. Global SAW wires and fluxes welding products market, 2016 – 2022 (Kilo Tons)(USD Billion)
11. Global solid wires welding products market, 2016 – 2022 (Kilo Tons)(USD Billion)
12. Global flux cored wires welding products market, 2016 – 2022 (Kilo Tons)(USD Billion)
13. Global flux stick electrodes welding products market, 2016 – 2022 (Kilo Tons)(USD Billion)
14. Global welding products market share, by application, 2016 -2022
15. Global welding products market for automobile & transportation, 2016 – 2022 (Kilo Tons)(USD Billion)
16. Global welding products market for marine, 2016 – 2022 (Kilo Tons)(USD Billion)
17. Global welding products market for offshore, 2016 – 2022 (Kilo Tons)(USD Billion)
18. Global welding products market for oil & gas, 2016 – 2022 (Kilo Tons)(USD Billion)
19. Global welding products market for building & construction, 2016 – 2022 (Kilo Tons)(USD Billion)
20. Global welding products market for other applications, 2016 – 2022 (Kilo Tons) (USD Billion)
21. Global welding products market share, by region, 2016 – 2022
22. North America welding products market, 2016 – 2022, (Kilo Tons) (USD Billion)
23. Europe welding products market, 2016 – 2022, (Kilo Tons) (USD Billion)
24. Asia Pacific welding products market, 2016 – 2022, (Kilo Tons) (USD Billion)
25. Latin America welding products market, 2016-2022, (Kilo Tons) (USD Billion)
26. Middle East & Africa welding products market, 2016 – 2022, (Kilo Tons) (USD Billion)
List of Tables
1. Global welding products market snapshot
2. Drivers for welding products market: Impact analysis
3. Restraints of welding products market: Impact analysis
4. North America welding products market volume, by product, 2016 – 2022 (Kilo Tons)
5. North America welding products market revenue, by product, 2016 – 2022 (USD Billion)
6. North America welding products market volume, by application, 2016 – 2022 (Kilo Tons)
7. North America welding products market revenue, by application, 2016 – 2022 (USD Billion)
8. market revenue, by application, 2016 – 2022 (USD Billion)
9. Europe welding products market volume, by product, 2016 – 2022 (Kilo Tons)
10. Europe welding products market revenue, by product, 2016 – 2022 (USD Billion)
11. Europe welding products market volume, by application, 2016 – 2022 (Kilo Tons)
12. Europe welding products market revenue, by application, 2016 – 2022 (USD Billion)
13. Asia-Pacific welding products market volume, by product, 2016 – 2022 (Kilo Tons)
14. Asia-Pacific welding products market revenue, by product, 2016 – 2022 (USD Billion)
15. Asia-Pacific welding products market volume, by application, 2016 – 2022 (Kilo Tons)
16. Asia-Pacific welding products market revenue, by application, 2016 – 2022 (USD Billion)
17. Latin America welding products market volume, by product, 2016 – 2022 (Kilo Tons)
18. Latin America welding products market revenue, by product, 2016 – 2022 (USD Billion)
19. Latin America welding products market volume, by application, 2016 – 2022 (Kilo Tons)
20. Latin America welding products market revenue, by application, 2016 – 2022 (USD Billion)
21. Middle East & Africa welding products market volume, by product, 2016 – 2022 (Kilo Tons)
22. Middle East & Africa welding products market revenue, by product, 2016 – 2022 (USD Billion)
23. Middle East & Africa welding products market volume, by application, 2016 – 2022 (Kilo Tons)
24. Middle East & Africa welding products market revenue, by application, 2016 – 2022 (USD Billion)
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