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The global welding products market size is estimated at US$14.71 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2030. Factors such as design flexibility, reduced overall building weight and ease of modification are expected to increase the use of welded products in construction and industry. Additionally, the growing construction and infrastructure industry in the world’s major economies is expected to boost the global market for welding consumables such as welding rods, arc wires and fluxes.
Rising costs of construction materials and equipment, as well as supply chain disruptions, are the main factors limiting the industry’s growth. However, increased use of aerial photography and 3D modeling technologies during the pandemic has supported market growth.
Increasing investment in public infrastructure projects is expected to drive demand for welding products. The US government has undertaken several initiatives to modernize public infrastructure. For example, the U.S. Department of Transportation (USDoT) announced $906 million in infrastructure investments through the Infrastructure Rebuilding America (INFRA) discretionary grant program. The construction industry is expected to witness high growth during the forecast period and the demand for welding products is expected to be driven by the widespread use of welding in construction.
The welding products market is in a mid-growth stage, and the market growth rate is accelerating. The market is by its nature highly fragmented. Major market players are promoting their products, mainly with advanced characteristics and greater economic efficiency. Moreover, market players are striving to achieve maximum market growth and expand their market share through various expansion strategies such as collaborations, partnerships, agreements, acquisitions and capacity expansion in new areas.
Technological innovations in welding products have had a positive impact on the market. For example, the hybrid laser-arc welding process is an advanced process that combines the advantages of laser and arc welding. The hybrid bonding process demonstrates the benefits of both processes. Technical innovations and improvements in manufacturing processes result in welded products with superior strength and longer service life.
Established manufacturers are resorting to mergers and acquisitions to expand their market presence and meet the changing needs of application industries. For example, voestalpine Burler Welding Group Co., Ltd. acquired Selco Srl to strengthen its business in the Middle East and Africa and continue to supply welding products and equipment. In addition, Lincoln Electric acquired Air Liquide Welding Ltd., a subsidiary of Air Liquide.
The Occupational Safety and Health Administration, Local Exhaust Ventilation (Lev) Guide, American National Standards, EPA and REACH have regulatory standards that address safety and health issues associated with welding processes. For example, the LEV standard requires that when using LEV to control welding fume, operators must carefully evaluate the hazards that need to be controlled.
The industry is seeing a number of alternatives emerge that have the potential to completely replace welding technology. Structural adhesives, self-adhesive tapes and fasteners are quickly replacing welded joints in a variety of industries due to their superior performance characteristics. Thus, product substitution in this industry is expected to remain high during the forecast period.
Increasing demand for welding products in a variety of applications, especially in the construction and transportation industries, due to increased repair and maintenance volumes in construction, infrastructure and transportation, is expected to lead to increased concentration of end users.
By 2023, resistance welding technologies will account for more than 27.5% of global revenue. Increasing use of resistance welding technology in the automotive industry for various processes such as spot welding, projection welding and seam welding is likely to fuel the growth of this segment during the forecast period.
Continuous innovation by major market players in arc welding technologies such as robotic arc welding is one of the key factors driving the growth of the global arc welding equipment market. This technology is used to weld metals of varying thicknesses and provides good flexibility. The growing use of this technology in various applications is expected to fuel the growth of the market.
Oxy-fuel welding technology is experiencing significant growth due to its increasing use in industrial production. Welding equipment and products used using this technology are highly economically efficient, which makes it possible to use it when welding fillet, butt and overlap welds of workpieces up to 5 mm thick.
Other welding technologies include electron beam welding, induction welding, flow welding, electroslag welding and laser hybrid welding. These technologies are used in various fields such as heavy sheet manufacturing, shipbuilding, switchgear, railways and storage tanks, among others.
The welding rods segment leads the market and will account for over 37.0% of global revenue by 2023. The demand for welding rods for welding various parts in various applications is increasing due to their ability to improve weld strength as well as high corrosion resistance and tensile strength.
The solid wire products segment revenue is expected to grow at a CAGR of 4.1% during the forecast period. The flexibility and strength of solid wire increases its usefulness in applications requiring flexible wire, such as household wiring and breadboards.
Saw wire flux reacts with the molten pool to produce high quality metal with the desired properties. This has promoted its use in areas such as exploration platforms, pressure vessels, offshore drilling platform manufacturing and post-weld heat treatment. The growing use of saw wire fluxes in the above-mentioned applications is likely to fuel the growth of this segment.
Other welding products such as stainless steel alloys, MIG wires, metal cored wires, aluminum MIG, TIG and thermal spray wires are contributing significantly to the market growth. These products are widely used due to their unique mechanical properties and cost-effectiveness.
Based on end use, the market is segmented into Automotive & Transportation, Construction, Marine, and Repair & Maintenance. The Automotive and Transportation segment accounted for the largest share of revenue in 2023, driven by auto industry growth in India, China, the US, Japan and Germany.
Tungsten inert gas (TIG) welding and metal inert gas (MIG) welding are the most commonly used welding processes in the automotive industry. TIG welding is useful for joining thin workpieces and specialty alloys, while MIG welding can be used to weld automobile bodies and vehicle interior parts.
Asia Pacific leads the market and will account for over 43.3% of global revenue by 2023. The expansion of the residential, commercial and industrial sectors due to sustained economic growth in the region is expected to stimulate construction activity, thereby stimulating demand for welding products.
Asia Pacific is expected to witness the highest growth in the welding products market due to the highest automobile production and rapid expansion of the automobile industry. In addition, increased investment in the oil and gas industry is leading to the construction of new gas production facilities and new pipelines. This is expected to create demand for the Indian welding industry.
European countries are working to rebalance economic trade, which is expected to boost maritime activity in the region. In addition, growth in tourism is expected to stimulate demand for marine recreational products, thereby boosting shipbuilding activity in the region. This, in turn, can lead to an increase in the volume of welding work.
Increasing demand for electric and hybrid vehicles due to shifting consumer preferences towards affordable and fuel-efficient plug-in vehicles such as Nissan Leaf, Toyota Prius PHV, etc. is expected to boost the automobile industry, thereby boosting its growth . favorable for the welding products market during the forecast period.
The global market is characterized by the presence of various small and large suppliers, resulting in moderate market concentration. Increasing demand for reliable and precise welding solutions is driving the market growth. The leading welding product manufacturers in the market are committed to providing suitable and innovative welding products that are strong and durable.
A large number of roofing product manufacturers focus on backward integration to control product quality. Industry players are focusing on expanding their product portfolio by developing innovative solutions and lower cost products with superior features to meet growing consumer needs.
In April 2023, Kemppi announced the release of a new robotic welding solution, the AX MIG Welder. With an easy-to-use interface, seamless integration and advanced welding technology, this welding machine can handle complex tasks and achieve critical production goals.
In March 2023, Kemppi launched the new Master M 205 and Master M 323 portable welding machines for MIG/MAG welding. The latest line of equipment is ideal for industrial welding in shipyards and repair shops, as well as for passionate hobby welders. The latest line of equipment is ideal for industrial welding in shipyards and repair shops, as well as for passionate hobby welders.
Below are the leading companies in the welding products market. Together, these companies hold the largest market share and dominate industry trends. The financials, strategy maps and products of these welding products companies are analyzed to map the supply network.
USA; United Kingdom; France; Netherlands; Japan; Indonesia; Argentina; Saudi Arabia;
Colfax Corporation; Lincoln Electric Company; Illinois Tool Works Co., Ltd.; Ohara Corporation, Kiswel Co., Ltd.; Tianjin Bridge Welding Materials Co., Ltd.; Ken Times Corporation; Mitco Welding Products Pvt. Senior Metals Pvt. Ltd.; Metrod Products LLC and Ador Welding Limited;
Free customization of reports upon purchase (equivalent to up to 8 business days of an analyst). Add or change countries, regions, and segments.
This report projects revenue and volume growth at the country level and analyzes industry trends for each segment from 2018 to 2030. For the purposes of this study, the Grand View study is based on technology, product, end use and region.
b. The global welding products market size is expected to reach US$13.49 billion in 2021 and reach US$14.13 billion in 2022.
b. The welding products market is expected to grow at a CAGR of 4.4% from 2022 to 2030, reaching US$19.94 billion by 2030.
b. The rod electrode segment dominates the market, accounting for over 37.0% of global revenue in 2021. Rod electrodes are widely used in arc welding due to their beneficial properties such as corrosion resistance, high tensile strength and ductility.
b. Major players in the welding products market include Colfax Corporation, Veosalpine AG, The Lincoln Electric Company, Illinois Tool Works, Inc., Hyundai Welding Co., Ltd., Obara Corporation, Kiswel, Inc., Sandvik AB, Tianjin Bridge Welding Materials Co., Ltd., Kemppi Oy, Mitco Weld Products Pvt Ltd., Senor Metals Pvt. Ltd., Metrode Products Ltd. and Ador Welding Ltd.
b. Key factors driving the development of the welding products market include the rapid expansion of the global construction industry due to the growing demand for residential and non-residential construction in countries such as India, China and Indonesia, which is expected to drive the growth of the industry. .
Chapter 1 Welding products market: methodology and scope of application 1.1. Research methods 1.2. Scope of study and assumptions 1.3. Information purchases 1.3.1. Purchased database 1.3.2. GWR internal database 1.3.3. Secondary sources 1.3.4. Third Party View 1.3.5. Preliminary study 1.4. Analysis of information 1.4.1. 1.5. Formulation of a data analysis model and data visualization. 1.6. List of data sources Chapter 2 Welding products market: Summary 2.1. Market overview 2.2. Prospects for segment 2.3. Competition analysis Chapter 3. Welding products market: variables, trends and scale 3.1. Market Pedigree/Supporting Forecast 3.2. Value chain analysis 3.2.1. Commodity trends 3.3. Technological landscape 3.4. Supervision scenario 3.4.1. Occupational Safety and Health Administration 3.4.2. Rules for local exhaust ventilation 3.4.3. American National Standard 3.4.4. 3.4.5. Standards and compliance with REACH Regulation 3.5. Market dynamics 3.5.1. Analysis of market driving forces 3.5.1.1. The growing construction industry has seen an increase in the use of 3.5.1.2. Demand for advanced welding technologies is growing in the automotive industry3.5.2. Analysis of market restrictions 3.5.2.1. Lack of skilled labor and high labor costs 3.6. Analysis of industry opportunities 3.7. Analysis of industry problems 3.8. Welding products market – Porter’s analysis 3.8.1.1. Supplier rights 3.8.1.2. Purchasing power 3.8.1.3. Alternative threats 3.8.1.4. Threats from new participants 3.8.1.5. Competition 3.9. Welding Products Market – PESTEL Analysis 3.9.1.1. Political landscape 3.9.1.2. Ecological landscape 3.9.1.3. Social landscape 3.9.1.4. Technological landscape 3.9.1.5. Economic landscape 3.9.1.6. Legal environment 3.10. Analysis of market shocks Chapter 4. Welding Products Market: Technical Assessments and Analysis 4.1. Welding products market: analysis of technological trends in 2023 and 2030. 4.2. Technology market share analysis in 2023 and 2030 4.3. 4.3.1. Arc welding products market assessment and forecasts for 2018–2030 (USD billion) 4.4. 4.4.1 Resistance Welding Products Market Assessment and Forecasts, 2018–2030 (billion US dollars) 4.5. Gas-oxygen welding 4.5.1. Oxy-fuel welding product market assessment and forecast, 2018–2030. (billion US dollars) 4.6. 4.6.1. Laser Welding Products Market Assessment and Forecasts, 2018–2030. (Billion US dollars) 4.7. 4.7.1 Market estimates and forecasts for other welding products by other technologies, 2018–2030 (Billion US dollars) Chapter 5. Welding products market: product assessment and analysis 5.1. Welding products market: analysis of product development trends, 2021 and 2030. 5.2. Analysis of product market share in 2023 and 2030 5.3. Rod electrode 5.3.1. Estimates and forecasts of the welding products market for electrodes, 2018–2030. (Billion US dollars) 5.4. Solid line 5.4.1. Solid Wires welding market estimates and forecasts, 2018–2030. (billion US dollars) 5.5. Cored wire 5.5.1. Flux cored wire welding products market estimates and forecasts, 2018–2030. (Billion US dollars) 5.6. 5.6.1. Welding wire and flux products market estimates and forecasts, according to Saw Wired Fluxes, 2018–2030. (Billion US dollars) 5.7. Other products 5.7.1. Welding market estimates and forecasts for other products, 2018–2030. (USD billion) Chapter 6. Welding Products Market: Assessment and End Use Analysis 6.1. Welding Products Market: Analysis of End Use Changes, 2021 and 2030 6.2. End-use market share analysis in 2023 and 2030 6.3. Automotive industry and transport 6.3.1. Market estimates and forecasts for welded products for the automotive and transportation industry for 2018–2030 (USD billion) 6.4. Construction 6.4.1. Assessment and forecast of the market for welding products in the construction industry for 2018–2030 (billion US dollars) 6.5. Ocean 6.5.1. Marine welding products market assessment and forecasts for 2018–2030. (billion US dollars) 6.6. 6.6.1. Repair & Maintenance Welding Products Market Estimates and Forecasts, Repair & Maintenance, 2018-2030. (billion US dollars) Chapter 7. Welding products market: regional assessment and trend analysis 7.1. Welding products market: analysis of regional trends for 2021 and 2030 7.2. North America 7.2.1. North American Welding Products Market Estimates and Forecasts, 2018–2030. (Million US dollars) 7.2.2. North America Welding Products Market Estimates and Forecasts by Technology, 2018–2030. (USD million) 7.2.3. North America Welding Market Estimates and Forecasts by Product, 2018-2030. (USD million) 7.2.4. North America Welding Products Market Estimates and Forecasts by End Use, 2018–2030. (USD million) 7.2.5. USA 7.2.5.1. US welding market estimates and forecasts for 2018–2030. (USD million) 7.2.5.2. US welding market estimates and forecasts by technology, 2018–2030. (Million US dollars) 7.2.5.3. US welding market estimates and forecasts (by product) 2018–2030. (USD million) 7.2.5.4. US Welding Products Market Estimates and Forecasts by End Use, 2018–2030. (USD million) 7.2.6. Canada 7.2.6.1. Canadian welding market assessment and forecasts for 2018–2030. (millions of US dollars) 7.2.6.2. Canadian welding market estimates and forecasts by technology, 2018–2030. (USD million) 7.2.6.3. Canada Welding Market Estimates and Forecasts by Product, 2018-2030. (USD million) 7.2.6.4. Canadian Welding Products Market Estimates and Forecasts by End Use, 2018–2030. (USD million) 7.2.7. Mexico 7.2.7.1. Mexico Welding Products Market Estimates and Forecasts, 2018–2030. (USD million) 7.2.7.2. Mexico welding market estimates and forecasts by technology, 2018–2030. (USD million) 7.2.7.3. Mexico Welding Market Estimates and Forecasts by Product, 2018–2030. (USD million) 7.2.7.4. Mexico Welding Products Market Estimates and Forecasts by End Use, 2018–2030. (USD million) 7.3. Europe 7.3.1. European welding market assessment and forecasts, 2018–2030. (Million US dollars) 7.3.2. Estimates and forecasts of the European welding products market by technology for 2018–2030. (USD million) 7.3.3. European welding market estimates and forecasts (by product), 2018–2030. (USD million) 7.3.4. European welding products market estimates and forecasts by end use, 2018–2030. (Million US dollars) 7.3.5. Germany 7.3.5.1. Assessment and forecast of the German welding market, 2018–2030. (millions of US dollars) 7.3.5.2. Assessment and forecast of the German welding products market by technology for 2018–2030. (USD million) 7.3.5.3. Germany welding market assessment and forecasts by product, 2018–2030. (USD million) 7.3.5.4. Germany welding market estimates and forecasts by end use, 2018–2030. (USD million) 7.3.6. UK 7.3.6.1. UK welding market assessment and forecasts, 2018–2030. (millions of US dollars) 7.3.6.2. UK welding market estimates and forecasts by technology 2018–2030. (Million US dollars) 7.3.6.3. UK welding market estimates and forecasts (by product) 2018–2030. (USD million) 7.3.6.4. UK welding market estimates and forecasts by end use, 2018–2030. (USD million) 7.3.7. France 7.3.7.1. Assessment and forecasts of the welding products market in France, 2018–2030. (millions of US dollars) 7.3.7.2. Estimates and forecasts of the welding products market in France by technology for 2018–2030. (USD million) 7.3.7.3. Estimates and forecasts of the welding products market in France by product for 2018–2030. (USD million) 7.3.7.4. French welding market estimates and forecasts by end use, 2018–2030. (USD million) 7.3.8. Italy 7.3.8.1. Assessment and forecasts of the Italian welding market, 2018–2030. (millions of US dollars) 7.3.8.2. Estimates and forecasts of the Italian welding market by technology for 2018–2030. (millions of US dollars) 7.3.8.3. Italian welding market estimates and forecasts by product for 2018–2030. (millions of US dollars) 7.3.8.4. Italian welding market estimates and forecasts by end use, 2018–2030. (USD million) 7.3.9. Netherlands 7.3.9.1. Dutch welding market estimates and forecasts, 2018–2030. (millions of US dollars) 7.3.9.2. Estimates and forecasts of the Dutch welding market by technology for 2018–2030. (USD million) 7.3.9.3. Netherlands welding market estimates and forecasts (by product), 2018–2030. (USD million) 7.3.9.4. Netherlands welding market estimates and forecasts by end use, 2018–2030. (USD million) 7.4. Asia-Pacific region 7.4.1. Asia-Pacific welding products market assessment and forecasts for 2018–2030 (USD million) 7.4.2. Asia-Pacific Welding Products Market Estimates and Forecasts by Technology, 2018–2030. (Million US dollars) 7.4.3. Asia Pacific Welding Products Market Estimates and Forecasts by Product, 2018-2030. (USD million) 7.4.4. Asia Pacific Welding Products Market Estimates and Forecasts by End Use, 2018–2030. (USD million) 7.4.5. China 7.4.5.1. Assessment and forecast of the welding products market in China for 2018–2030. (millions of US dollars) 7.4.5.2. China Welding Products Market Estimates and Forecasts by Technology, 2018–2030 (USD million) 7.4.5.3. China Welding Market Estimates and Forecasts by Product, 2018–2030 (USD million) 7.4.5.4. Welding Products China Welding Products Market Assessment and Forecasts by End Use, 2018–2030 (USD million) 7.4.6. India 7.4.6.1. Indian Welding Products Market Assessment and Forecasts, 2018-2030. (USD million) 7.4.6.2. Indian welding market estimates and forecasts by technology, 2018–2030. (USD million) 7.4.6.3. India Welding Market Estimates and Forecasts by Product, 2018-2030. (USD million) 7.4.6.4. Welding Products India Welding Products Market Estimates and Forecasts by End Use, 2018-2030. (USD million) 7.4.7. Japan 7.4.7.1. Assessment and forecast of the welding products market in Japan for 2018–2030. (millions of US dollars) 7.4.7.2. Estimates and forecasts of the Japanese welding products market by technology for 2018–2030. (USD million) 7.4.7.3. Japan welding market estimates and forecasts by product, 2018–2030. (millions of US dollars) 7.4.7.4. Japan Welding Products Market Estimates and Forecasts 2018–2030 (USD Millions) 7.4.8. Australia Welding Products Market Estimates and Forecasts 2018-2030 (USD Millions) 7.4. and technology forecasts, 2018–2030. ($M) 7.4.8.3 Australian Market Estimates and Forecasts by Product, 2018–2030 (USD million) 7.4.8.4 Welding Products Australia’s welding products market estimates and forecasts. 7.4.9. Indonesia Welding Products Market Estimates and Forecasts, 2018–2030. (millions of US dollars) 7.4.9.2. Indonesia welding market assessment and forecasts, by technology, 2018 – 7.4.9.3. Indonesia Market Forecasts, 2018–2030 by products. (USD million) 7.4.9.4. Indonesia Welding Products Market Estimates and Forecasts by End Use, 2018–2030. (USD million) 7.5. Central and South America 7.5.1. Central and South American welding market assessment and forecasts for 2018–2030. (Million US dollars) 7.5.2. Central and South America welding market assessment and forecasts by technology, 2018–2030. (Million US dollars) 7.5.3. Central and South America Welding Market Estimates and Forecasts by Product, 2018–2030. (USD million) 7.5.4. Central and South America Welding Market Estimates and Forecasts by End Use, 2018–2030. (USD million) 7.5.5. Brazil 7.5.5.1. Brazil Welding Products Market Assessment and Forecasts, 2018–2030. (USD million) 7.5.5.2. Estimates and forecasts of the Brazilian welding products market by technology for 2018–2030. (USD million) 7.5.5.3. Brazil Welding Market Estimates and Forecasts by Product, 2018–2030. (Million US dollars) 7.5.5.4. Brazil Welding Products Market Estimates and Forecasts by End Use, 2018–2030. (USD million) 7.5.6. Argentina 7.5.6.1. Argentine welding products market assessment and forecasts for 2018–2030 (USD million) 7.5.6.2. Argentine welding market estimates and forecasts by technology for 2018–2030. (USD million) 7.5.6.3. Argentina welding market estimates and forecasts by product, 2018–2030. (USD million) 7.5.6.4. Argentina Welding Products Market Assessment and Forecasts by End Use, 2018–2030. (USD million) 7.6. Middle East and Africa 7.6.1. Middle East and Africa Welding Products Market Assessment and Forecasts, 2018–2030. (Million US dollars) 7.6.2. Assessment and forecast of the welding products market in the Middle East and Africa by technology for 2018–2030. (USD million) 7.6.3. Middle East and Africa Welding Products Market Estimates and Forecasts by End Use, 2018–2030. (USD million) 7.6.4. South Africa 7.6.4.1. South Africa Welding Products Market Estimates and Forecasts, 2018–2030. (USD million) 7.6.4.2. South Africa Welding Products Market Estimates and Forecasts by Technology 2018–2030. (USD million) 7.6.4.3. South Africa Welding Market Estimates and Forecasts by Product, 2018-2030. (USD million) 7.6.4.4. South Africa Welding Products Market Estimates and Forecasts by End Use, 2018–2030. (USD million) 7.6.5. Saudi Arabia 7.6.5.1. Saudi Arabia Welding Market Estimates and Forecasts, 2018–2030. (USD million) 7.6.5.2. Saudi Arabia Welding Market Estimates and Forecasts by Technology, 2018–2030. (Million US dollars) 7.6.5.3. Saudi Arabia Welding Market Estimates and Forecasts by Product, 2018-2030. (USD million) 7.6.5.4. Saudi Arabia Welding Market Estimates and Forecasts by Product, 2018-2030. (Million US dollars) Chapter 8. Competitive environment 8.1. Key players, their latest developments and their impact on the industry8.2. Competitive environment 8.3. Competitive positioning in the market 8.4. Strategic Framework 8.5. Heat Map Analysis Chapter 9. Company Profile 9.1. Colfax Corporation 9.1.1. Company profile 9.1.2. Financial indicators 9.1.3. Product benchmarking 9.1.4. Strategic initiatives 9.2. voestalpine AG 9.2.1. Company profile 9.2.2. Financial indicators 9.2.3. 9.2.4. Strategic Product Benchmarking Initiatives 9.3. Air Liquid Welding LLC 9.3.1. Company profile 9.3.2. Financial indicators 9.3.3. 9.3.4. Strategic Product Benchmarking Initiatives 9.4. Lincoln Electric Company 9.4.1. Company profile 9.4.2. Financial indicators 9.4.3. 9.4.4. Strategic Product Benchmarking Initiatives 9.5. Illinois Tool Works, Inc. 9.5.1. Company profile 9.5.2. Financial indicators 9.5.3. Product test 9.5.4. Strategic initiatives 9.6. Modern Welding LLC 9.6.1. Company profile 9.6.2. Financial indicators 9.6.3. Product benchmarking 9.6.4. Strategic initiatives 9.7. Ohara Corporation 9.7.1. Company profile 9.7.2. Financial indicators 9.7.3. 9.7.4. Strategic Product Benchmarking Initiatives 9.8. Sandvik AB 9.8.1. Company profile 9.8.2. Financial indicators 9.8.3. Product test 9.8.4. Strategic initiatives 9.9. Kiswell Corporation 9.9.1. Company profile 9.9.2. Financial indicators 9.9.3. Product test 9.9.4. Strategic initiatives 9.10. Kemppi 9.10.1. Company profile 9.10.2. Financial indicators 9.10.3. Product test 9.10.4. Strategic initiatives 9.11. Mitco Welding Products Pvt. LLC 9.11.1. Company profile 9.11.2. Financial indicators 9.11.3. Product test 9.11.4. Strategic initiatives 9.12. Tianjin Daqiao Welding Materials Company LLC 9.12.1. Company profile 9.12.2. Financial indicators 9.12.3. Product test 9.12.4. Strategic initiatives 9.13. Senor Metals Pvt. 9.13.1. Company profile 9.13.2. Financial indicators 9.13.3. Product test 9.13.4. Strategic initiatives 9.14. Metrod Products LLC 9.14.1. Company profile 9.14.2. Financial indicators 9.14.3. Product test 9.14.4. strategic initiatives
Table 1 Arc Welding Products Market Estimates and Forecasts, 2018–2030 ($Billions) Table 2 Resistance Welding Products Market Estimates and Forecasts, 2018–2030 ($Billions) Table 3 Oxygen Welding Products Market Estimates and Forecasts for 2018–2030 ( Table 4. Laser welding products market assessment and forecast, 2018–2030 (USD billion) Table 5. Other welding products market assessment and forecast, 2018–2030 (USD billion) Table 6. Welding Rod Market Estimates, 2018-2030 Forecasts (Billions of Dollars) Table 7. Solid Welding Wire Market Estimates and Forecasts, 2018-2030 (Billions of Dollars) Table 8. Flux-Cored Welding Wire Market Estimates and Forecasts, 2018–2030 (in billions of dollars) Table 9. Saw welding wire Market, 2018 Estimates and forecasts – 2030 (billion US dollars) Table 10. Other welding products market estimates and forecasts, 2018–2030 billion US dollars) Table 11. North American welding products market estimates and forecasts, 2018–2030 (USD Billion) Table 12 North America Welding Products Market Estimates and Forecasts by Technology, 2018–2030 ($Billion) Table 13 North America Welding Market Estimates and Forecasts by Product, 2018–2030 ($Billion) Table 14 North America Welding Products Market Estimates and Forecasts by End Use, 2018–2030 ($Billions) Table 15: US Welding Products Market Estimates and Forecasts, 2018–2030 ($Billions) Table 16: US Welding Products Market Estimates and Forecasts by Technology, 2018–2030 ($Billions) Table 17 US Welding Products Market Estimates and Forecasts, 2018–2030 Forecasts by Product Classification ($Billions) Table 18 U.S. Welding Products Market Estimates and Forecasts by End Use, 2018–2030 ($Billions) Table 19 Canadian Welding Products Market Estimates and Forecasts, 2018–2030 ($Billion) Table 20: Canadian Welding Products Market Estimates and Forecasts by Technology, 2018–2030 (USD billion) Table 21. By product, 2018–2030 2018–2030 (USD billion) Table 23. Mexico Welding Market Estimates and Forecasts, 2018-2030 (USD Billion) Table 24. Mexico Welding Market Estimates and Forecasts by Technology, 2018-2030 ($Billions) Table 25 Mexico Welding Products Market Estimates and Forecasts by Product, 2018–2030 (USD Billion) Table 26 Mexico Welding Products Market Estimates and Forecasts by End Use, 2018–2030 (billion US dollars) Table 27 Estimates and forecasts of the welding products market in Europe, 2018–2030. ( Table 28. European welding market estimates and forecasts by technology, 2018–2030 (USD billion) Table 29. European welding market estimates and forecasts by product, 2018–2030 (USD billion) Table 30. Estimates of the European welding products market Table 31. Estimates and forecasts of the welding products market in Germany, 2018–2030 (billion US dollars) Table 32. Estimates and forecasts of the welding products market in Germany, by technology, 2018–2030 billion US dollars) ) ) Table 33. Estimates and forecasts of the welding market in Germany by product, 2018–2030. (USD billion) Table 34. Germany Welding Market Estimates and Forecasts, by End Use, 2018–2030 (billion US dollars) Table 35, 2018 – France Welding Products Market assessment and forecasts for 2030 (billion US dollars) Table 36. Assessment and forecasts of the welding products market in France by technology for 2018-2030. (billion US dollars) Table 37. France Welding Products Market Estimates and Forecasts, 2018–2030, Table 38. French Welding Products Market Estimates and Forecasts, by End Use, 2018–2030. (billion US dollars) Table 39. UK welding market estimates and forecasts, 2018–2030. (ten) Table 40. UK welding market estimates and forecasts by technology, 2018–2030. (USD Billion) Table 41 UK Welding Products Market Estimates and Projections by Product 2018-2030 (USD Billion) Table 42 UK Welding Products Market Estimates and Forecasts by End Use, 2018-2030 (USD Billion) Table 43. Italian welding market estimates and forecasts for 2018–2030 (US dollars). Table 44. Italian welding market estimates and forecasts by technology, 2018–2030 (USD billion) Table 45. Italian welding market estimates and forecasts by product, 2018–2030 (billion US dollars) Table 46. Italian welding market by end use Estimates and forecasts for 2018–2030 (billion US dollars) Table 47. Estimates and forecasts of the welding products market in the Netherlands for 2018–2030. (billion US dollars) Table 48. Estimates and forecasts of the Dutch welding products market by technology for 2018–2030. (USD Billion) Table 49: Netherlands Welding Products Market Estimates and Forecasts by Product, 2018–2030 (USD billion) Table 50 Netherlands Welding Market Estimates and Forecasts by End Use, 2018–2030 (USD Billion) Table 51 Asia-Pacific Regional Welding Products Market Estimates, 2018–2030 Forecasts (USD billion) Table 52: Asia-Pacific Welding Products Market Estimates and Forecasts by Technology, 2018–2030 (USD Billion) Table 53: Asia-Pacific Welding Market Estimates by Product, 2018-2030 Table 54: Asia-Pacific Welding Products Market Assessment and End Use Forecasts, 2018–2030 (USD billion) Table 55: China Welding Market Estimates and Forecasts, 2018–2030 (USD billion) Table 56: China welding market estimates and forecasts (by technology), 2018–2030 (USD Billion) Table 57: China Welding Products Market Estimates and Forecasts (By Product), 2018–2030 (billion US dollars) Table 58. Market estimates for welding products in China. Table 59: India Welding Products Market Estimates and Forecasts, 2018–2030 (billion US dollars). Table 60. Welding products market in India. Technology estimates, 2018–2030 and Forecasts (USD Billion) Table 61: India Welding Products Market Estimates and Forecasts by Product, 2018-2030. (USD Billion) Table 62: India Welding Products Market Estimates and Forecasts by End Use, 2018-2030 (USD Billion) Table 63: Japan Welding Products Market Estimates and Forecasts, 2018–2030 (billion US dollars) Table 64. Japan welding market estimates and forecasts, by technology, 2018–2030. (USD Billion) Table 65. Japan Welding Products Market, 2018 – 2030 Product Estimates and Forecasts (USD Billion) Table 66. Japan Welding Products Market Estimates and Forecasts by End Use, 2018-2030 (USD Billion) Table 67: Japan Welding Products Market Estimates and Forecasts by End Use, 2018–2030 (USD billion) Table 68. Australian welding market estimates and forecasts, 2018–2030. (US$ billion) Table 69. Australian welding market estimates and forecasts by technology, 2018–2030. (USD Billion) Table 70: Australian Welding Market Estimates and Forecasts by Product, 2018 – 2030 (USD Billion) Table 71: Australian Welding Market Estimates and Forecasts by End Use, 2018 – 2030 (billion US dollars) Table 72. 2018 – Indonesia welding market estimates and forecasts for 2030 (billion US dollars) Table 73. Indonesia welding market estimates and forecasts by Technology, 2018-2030 (USD Billion) Table 74: Indonesia Welding Products Market Estimates and Forecasts by Product 2018-2030 Estimates and Forecasts (USD Billion) Table 75: Indonesia Welding Products Market Estimates and Forecasts by End Use, 2018–2030 (USD billion) Table 76: Central and South America Welding Market Estimates and Forecasts, 2018–2030 (ten ($Billion) Table 77. Central and South America Welding Products Market Estimates and Forecasts by Technology, 2018–2030 ($Billion) Table 78 Central and South America Americas Welding Products Market Estimates and Forecasts by Product, 2018–2030 ($B) Table 79 Central and South America Welding Market Estimates and Forecasts by End Use, 2018–2030 ($B) Table 80 Brazil Welding Market Estimates and Forecasts, 2018–2030 . (USD billion) Table 81. Brazil welding market estimates and forecasts by technology, 2018–2030 (USD billion) Table 82. Brazil welding market estimates and forecasts by product, 2018–2030 (USD billion) USA) Table 83, 2018 – 2030 Brazil welding market estimates and forecasts by end use (USD billion) Table 84 Argentina welding market estimates and forecasts 2018-2030 (USD billion) Table 85 Assessment and forecasts of the Argentine welding products market by technology Forecast for 2018–2030. (USD) Table 86: Argentina Welding Products Market Estimates and Forecasts by Product, 2018–2030 (billion US dollars) Table 87. Argentine welding market estimates, 2018–2030 Market Estimates and Forecasts by End Use (Ten) Table 88 Welding Products in the Middle East and Africa Market Estimates and Forecasts, 2018–2030 (USD Billion) Table 89: Middle East and Africa Welding Products Market Estimates and Forecasts by Technology, 2018–2030 (USD Billion) Table 90: Middle East and Africa Welding Products Market Estimates and Forecasts, by Product Table 91: Middle East and Africa Welding Products Market Estimates and Forecasts, by End Use, 2018–2030 (USD Billion) Table 92: Saudi Arabia Welding Products Market Estimates and Forecasts, 2018–2030 (USD Billion) Table 93: Saudi Arabia Welding Products Market Estimates and Forecasts by Technology, 2018–2030 (USD Billion) Table 94: Saudi Arabian Welding Products Market Annual Estimates and Forecasts 2018–2030 by product (USD billion) Table 95: Saudi Arabia Welding Products Market Estimates Table 96: South African Welding Products Market Estimates and Forecasts, 2018–2030 (USD Billion) Table 98: South Africa Welding Market Estimates and Forecasts by Product, 2018-2030 (USD Billion) Table 99: South Africa Welding Products Market Estimates and Forecasts by End Use, 2018–2030 (billion US dollars)
Figure 1 Welding products market – market overview 2 Welding products market – segmentation and volume 3 Welding products market: penetration and growth prospects Figure 4 Welding products market – value chain analysis Figure 5 Welding products market dynamics 6 Analysis of welding products market drivers 10 Welding Analysis of product market constraints 11 Welding products market – Porter’s five forces analysis Figure 12 Welding products market – PESTEL analysis Figure 13 Welding products market – technology trends analysis, 2021 and 2030 14 Welding products market – analysis of product development trends, 15 Welding products market 2021 and 2030 – Analysis of regional trends, 2021 and 2030. 16 strategic maps of the main market players.
Welding is an assembly process that joins materials such as metal alloys or thermoplastics without melting the base metal. Welding technologies are widely used in the construction of buildings, bridges, pipelines and other infrastructure. Over the past few years, arc welding has seen innovations in areas such as high-power laser welding and electron beam welding. These types of welding are widely used in the construction industry for welding heavy and large structures. Rapid urbanization and industrialization are expected to lead to an increase in new projects, primarily in the commercial and industrial construction sector, which is likely to contribute to the growth of the global construction industry. Rapid urbanization and population growth are expected to fuel the market growth in the coming years.
Welding processes have a wide range of applications in the aerospace industry, such as aircraft engine sensors, cellular orbital welding, turbine component welding, instrumentation, and specialty metal combinations. The range of welding applications in the aerospace industry also includes heating elements, actuators, strip welding, printed circuit board traces, electronic component inductors, lattice welding and hybrid microwelding equipment. In addition, these technologies are applied to sensors, including thermal bottle crimping. In addition, it includes standard wire preparation, fine wire welding inductor, cross wire welding and stranded wire preparation.
Lack of skilled labor can negatively impact the operational and financial health of industry players, thereby creating challenges for the growth of the welding products market. Operations in the welding industry largely depend on the capabilities and efforts of personnel and management. However, the rapidly evolving robotic welding technology is expected to overcome market limitations during the forecast period.
This section will provide an in-depth understanding of what is included in this welding products market report and will help you clearly understand the structure of the report to make it easier for readers to navigate.
A three-pronged approach is used to extrapolate welding market estimates and forecasts. The process is divided into three stages: information collection, analysis and verification. The entire process is iterative and the steps are repeated until the assessment is verified. These three steps are detailed below:
Search for information. Finding information is one of the most extensive and important steps in our research process, and high-quality data is critical to accurate analysis. We follow a multi-channel data collection process for the welding products market to collect the most reliable and relevant information possible.
Analytics: We analyze the data we collect to build predictive baselines, identify trends and opportunities, gain insight into consumer demographics and drivers, etc. Depending on the type of information we are trying to obtain through our research, we use different methods to obtain data on the welding products market.
Market research efforts: bottom-up approaches for estimating and forecasting demand size and opportunity, top-down approaches for forecasting and new product penetration, and integrated bottom-up and top-down approaches for comprehensive coverage analysis.
Value chain-based sizing and forecasting: Understanding supply-side revenue potential estimates through competitive benchmarking, forecasting, and penetration modeling.
Demand estimation to identify parent and subsidiary markets, segmentation modeling, and heuristic forecasting.- 57018 50 lbs
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The global welding products market size is estimated at US$14.71 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2030. Factors such as design flexibility, reduced overall building weight and ease of modification are expected to increase the use of welded products in construction and industry. Additionally, the growing construction and infrastructure industry in the world’s major economies is expected to boost the global market for welding consumables such as welding rods, arc wires and fluxes.
Rising costs of construction materials and equipment, as well as supply chain disruptions, are the main factors limiting the industry’s growth. However, increased use of aerial photography and 3D modeling technologies during the pandemic has supported market growth.
Increasing investment in public infrastructure projects is expected to drive demand for welding products. The US government has undertaken several initiatives to modernize public infrastructure. For example, the U.S. Department of Transportation (USDoT) announced $906 million in infrastructure investments through the Infrastructure Rebuilding America (INFRA) discretionary grant program. The construction industry is expected to witness high growth during the forecast period and the demand for welding products is expected to be driven by the widespread use of welding in construction.
The welding products market is in a mid-growth stage, and the market growth rate is accelerating. The market is by its nature highly fragmented. Major market players are promoting their products, mainly with advanced characteristics and greater economic efficiency. Moreover, market players are striving to achieve maximum market growth and expand their market share through various expansion strategies such as collaborations, partnerships, agreements, acquisitions and capacity expansion in new areas.
Technological innovations in welding products have had a positive impact on the market. For example, the hybrid laser-arc welding process is an advanced process that combines the advantages of laser and arc welding. The hybrid bonding process demonstrates the benefits of both processes. Technical innovations and improvements in manufacturing processes result in welded products with superior strength and longer service life.
Established manufacturers are resorting to mergers and acquisitions to expand their market presence and meet the changing needs of application industries. For example, voestalpine Burler Welding Group Co., Ltd. acquired Selco Srl to strengthen its business in the Middle East and Africa and continue to supply welding products and equipment. In addition, Lincoln Electric acquired Air Liquide Welding Ltd., a subsidiary of Air Liquide.
The Occupational Safety and Health Administration, Local Exhaust Ventilation (Lev) Guide, American National Standards, EPA and REACH have regulatory standards that address safety and health issues associated with welding processes. For example, the LEV standard requires that when using LEV to control welding fume, operators must carefully evaluate the hazards that need to be controlled.
The industry is seeing a number of alternatives emerge that have the potential to completely replace welding technology. Structural adhesives, self-adhesive tapes and fasteners are quickly replacing welded joints in a variety of industries due to their superior performance characteristics. Thus, product substitution in this industry is expected to remain high during the forecast period.
Increasing demand for welding products in a variety of applications, especially in the construction and transportation industries, due to increased repair and maintenance volumes in construction, infrastructure and transportation, is expected to lead to increased concentration of end users.
By 2023, resistance welding technologies will account for more than 27.5% of global revenue. Increasing use of resistance welding technology in the automotive industry for various processes such as spot welding, projection welding and seam welding is likely to fuel the growth of this segment during the forecast period.
Continuous innovation by major market players in arc welding technologies such as robotic arc welding is one of the key factors driving the growth of the global arc welding equipment market. This technology is used to weld metals of varying thicknesses and provides good flexibility. The growing use of this technology in various applications is expected to fuel the growth of the market.
Oxy-fuel welding technology is experiencing significant growth due to its increasing use in industrial production. Welding equipment and products used using this technology are highly economically efficient, which makes it possible to use it when welding fillet, butt and overlap welds of workpieces up to 5 mm thick.
Other welding technologies include electron beam welding, induction welding, flow welding, electroslag welding and laser hybrid welding. These technologies are used in various fields such as heavy sheet manufacturing, shipbuilding, switchgear, railways and storage tanks, among others.
The welding rods segment leads the market and will account for over 37.0% of global revenue by 2023. The demand for welding rods for welding various parts in various applications is increasing due to their ability to improve weld strength as well as high corrosion resistance and tensile strength.
The solid wire products segment revenue is expected to grow at a CAGR of 4.1% during the forecast period. The flexibility and strength of solid wire increases its usefulness in applications requiring flexible wire, such as household wiring and breadboards.
Saw wire flux reacts with the molten pool to produce high quality metal with the desired properties. This has promoted its use in areas such as exploration platforms, pressure vessels, offshore drilling platform manufacturing and post-weld heat treatment. The growing use of saw wire fluxes in the above-mentioned applications is likely to fuel the growth of this segment.
Other welding products such as stainless steel alloys, MIG wires, metal cored wires, aluminum MIG, TIG and thermal spray wires are contributing significantly to the market growth. These products are widely used due to their unique mechanical properties and cost-effectiveness.
Based on end use, the market is segmented into Automotive & Transportation, Construction, Marine, and Repair & Maintenance. The Automotive and Transportation segment accounted for the largest share of revenue in 2023, driven by auto industry growth in India, China, the US, Japan and Germany.
Tungsten inert gas (TIG) welding and metal inert gas (MIG) welding are the most commonly used welding processes in the automotive industry. TIG welding is useful for joining thin workpieces and specialty alloys, while MIG welding can be used to weld automobile bodies and vehicle interior parts.
Asia Pacific leads the market and will account for over 43.3% of global revenue by 2023. The expansion of the residential, commercial and industrial sectors due to sustained economic growth in the region is expected to stimulate construction activity, thereby stimulating demand for welding products.
Asia Pacific is expected to witness the highest growth in the welding products market due to the highest automobile production and rapid expansion of the automobile industry. In addition, increased investment in the oil and gas industry is leading to the construction of new gas production facilities and new pipelines. This is expected to create demand for the Indian welding industry.
European countries are working to rebalance economic trade, which is expected to boost maritime activity in the region. In addition, growth in tourism is expected to stimulate demand for marine recreational products, thereby boosting shipbuilding activity in the region. This, in turn, can lead to an increase in the volume of welding work.
Increasing demand for electric and hybrid vehicles due to shifting consumer preferences towards affordable and fuel-efficient plug-in vehicles such as Nissan Leaf, Toyota Prius PHV, etc. is expected to boost the automobile industry, thereby boosting its growth . favorable for the welding products market during the forecast period.
The global market is characterized by the presence of various small and large suppliers, resulting in moderate market concentration. Increasing demand for reliable and precise welding solutions is driving the market growth. The leading welding product manufacturers in the market are committed to providing suitable and innovative welding products that are strong and durable.
A large number of roofing product manufacturers focus on backward integration to control product quality. Industry players are focusing on expanding their product portfolio by developing innovative solutions and lower cost products with superior features to meet growing consumer needs.
In April 2023, Kemppi announced the release of a new robotic welding solution, the AX MIG Welder. With an easy-to-use interface, seamless integration and advanced welding technology, this welding machine can handle complex tasks and achieve critical production goals.
In March 2023, Kemppi launched the new Master M 205 and Master M 323 portable welding machines for MIG/MAG welding. The latest line of equipment is ideal for industrial welding in shipyards and repair shops, as well as for passionate hobby welders. The latest line of equipment is ideal for industrial welding in shipyards and repair shops, as well as for passionate hobby welders.
Below are the leading companies in the welding products market. Together, these companies hold the largest market share and dominate industry trends. The financials, strategy maps and products of these welding products companies are analyzed to map the supply network.
USA; United Kingdom; France; Netherlands; Japan; Indonesia; Argentina; Saudi Arabia;
Colfax Corporation; Lincoln Electric Company; Illinois Tool Works Co., Ltd.; Ohara Corporation, Kiswel Co., Ltd.; Tianjin Bridge Welding Materials Co., Ltd.; Ken Times Corporation; Mitco Welding Products Pvt. Senior Metals Pvt. Ltd.; Metrod Products LLC and Ador Welding Limited;
Free customization of reports upon purchase (equivalent to up to 8 business days of an analyst). Add or change countries, regions, and segments.
This report projects revenue and volume growth at the country level and analyzes industry trends for each segment from 2018 to 2030. For the purposes of this study, the Grand View study is based on technology, product, end use and region.
b. The global welding products market size is expected to reach US$13.49 billion in 2021 and reach US$14.13 billion in 2022.
b. The welding products market is expected to grow at a CAGR of 4.4% from 2022 to 2030, reaching US$19.94 billion by 2030.
b. The rod electrode segment dominates the market, accounting for over 37.0% of global revenue in 2021. Rod electrodes are widely used in arc welding due to their beneficial properties such as corrosion resistance, high tensile strength and ductility.
b. Major players in the welding products market include Colfax Corporation, Veosalpine AG, The Lincoln Electric Company, Illinois Tool Works, Inc., Hyundai Welding Co., Ltd., Obara Corporation, Kiswel, Inc., Sandvik AB, Tianjin Bridge Welding Materials Co., Ltd., Kemppi Oy, Mitco Weld Products Pvt Ltd., Senor Metals Pvt. Ltd., Metrode Products Ltd. and Ador Welding Ltd.
b. Key factors driving the development of the welding products market include the rapid expansion of the global construction industry due to the growing demand for residential and non-residential construction in countries such as India, China and Indonesia, which is expected to drive the growth of the industry. .
Chapter 1 Welding products market: methodology and scope of application 1.1. Research methods 1.2. Scope of study and assumptions 1.3. Information purchases 1.3.1. Purchased database 1.3.2. GWR internal database 1.3.3. Secondary sources 1.3.4. Third Party View 1.3.5. Preliminary study 1.4. Analysis of information 1.4.1. 1.5. Formulation of a data analysis model and data visualization. 1.6. List of data sources Chapter 2 Welding products market: Summary 2.1. Market overview 2.2. Prospects for segment 2.3. Competition analysis Chapter 3. Welding products market: variables, trends and scale 3.1. Market Pedigree/Supporting Forecast 3.2. Value chain analysis 3.2.1. Commodity trends 3.3. Technological landscape 3.4. Supervision scenario 3.4.1. Occupational Safety and Health Administration 3.4.2. Rules for local exhaust ventilation 3.4.3. American National Standard 3.4.4. 3.4.5. Standards and compliance with REACH Regulation 3.5. Market dynamics 3.5.1. Analysis of market driving forces 3.5.1.1. The growing construction industry has seen an increase in the use of 3.5.1.2. Demand for advanced welding technologies is growing in the automotive industry3.5.2. Analysis of market restrictions 3.5.2.1. Lack of skilled labor and high labor costs 3.6. Analysis of industry opportunities 3.7. Analysis of industry problems 3.8. Welding products market – Porter’s analysis 3.8.1.1. Supplier rights 3.8.1.2. Purchasing power 3.8.1.3. Alternative threats 3.8.1.4. Threats from new participants 3.8.1.5. Competition 3.9. Welding Products Market – PESTEL Analysis 3.9.1.1. Political landscape 3.9.1.2. Ecological landscape 3.9.1.3. Social landscape 3.9.1.4. Technological landscape 3.9.1.5. Economic landscape 3.9.1.6. Legal environment 3.10. Analysis of market shocks Chapter 4. Welding Products Market: Technical Assessments and Analysis 4.1. Welding products market: analysis of technological trends in 2023 and 2030. 4.2. Technology market share analysis in 2023 and 2030 4.3. 4.3.1. Arc welding products market assessment and forecasts for 2018–2030 (USD billion) 4.4. 4.4.1 Resistance Welding Products Market Assessment and Forecasts, 2018–2030 (billion US dollars) 4.5. Gas-oxygen welding 4.5.1. Oxy-fuel welding product market assessment and forecast, 2018–2030. (billion US dollars) 4.6. 4.6.1. Laser Welding Products Market Assessment and Forecasts, 2018–2030. (Billion US dollars) 4.7. 4.7.1 Market estimates and forecasts for other welding products by other technologies, 2018–2030 (Billion US dollars) Chapter 5. Welding products market: product assessment and analysis 5.1. Welding products market: analysis of product development trends, 2021 and 2030. 5.2. Analysis of product market share in 2023 and 2030 5.3. Rod electrode 5.3.1. Estimates and forecasts of the welding products market for electrodes, 2018–2030. (Billion US dollars) 5.4. Solid line 5.4.1. Solid Wires welding market estimates and forecasts, 2018–2030. (billion US dollars) 5.5. Cored wire 5.5.1. Flux cored wire welding products market estimates and forecasts, 2018–2030. (Billion US dollars) 5.6. 5.6.1. Welding wire and flux products market estimates and forecasts, according to Saw Wired Fluxes, 2018–2030. (Billion US dollars) 5.7. Other products 5.7.1. Welding market estimates and forecasts for other products, 2018–2030. (USD billion) Chapter 6. Welding Products Market: Assessment and End Use Analysis 6.1. Welding Products Market: Analysis of End Use Changes, 2021 and 2030 6.2. End-use market share analysis in 2023 and 2030 6.3. Automotive industry and transport 6.3.1. Market estimates and forecasts for welded products for the automotive and transportation industry for 2018–2030 (USD billion) 6.4. Construction 6.4.1. Assessment and forecast of the market for welding products in the construction industry for 2018–2030 (billion US dollars) 6.5. Ocean 6.5.1. Marine welding products market assessment and forecasts for 2018–2030. (billion US dollars) 6.6. 6.6.1. Repair & Maintenance Welding Products Market Estimates and Forecasts, Repair & Maintenance, 2018-2030. (billion US dollars) Chapter 7. Welding products market: regional assessment and trend analysis 7.1. Welding products market: analysis of regional trends for 2021 and 2030 7.2. North America 7.2.1. North American Welding Products Market Estimates and Forecasts, 2018–2030. (Million US dollars) 7.2.2. North America Welding Products Market Estimates and Forecasts by Technology, 2018–2030. (USD million) 7.2.3. North America Welding Market Estimates and Forecasts by Product, 2018-2030. (USD million) 7.2.4. North America Welding Products Market Estimates and Forecasts by End Use, 2018–2030. (USD million) 7.2.5. USA 7.2.5.1. US welding market estimates and forecasts for 2018–2030. (USD million) 7.2.5.2. US welding market estimates and forecasts by technology, 2018–2030. (Million US dollars) 7.2.5.3. US welding market estimates and forecasts (by product) 2018–2030. (USD million) 7.2.5.4. US Welding Products Market Estimates and Forecasts by End Use, 2018–2030. (USD million) 7.2.6. Canada 7.2.6.1. Canadian welding market assessment and forecasts for 2018–2030. (millions of US dollars) 7.2.6.2. Canadian welding market estimates and forecasts by technology, 2018–2030. (USD million) 7.2.6.3. Canada Welding Market Estimates and Forecasts by Product, 2018-2030. (USD million) 7.2.6.4. Canadian Welding Products Market Estimates and Forecasts by End Use, 2018–2030. (USD million) 7.2.7. Mexico 7.2.7.1. Mexico Welding Products Market Estimates and Forecasts, 2018–2030. (USD million) 7.2.7.2. Mexico welding market estimates and forecasts by technology, 2018–2030. (USD million) 7.2.7.3. Mexico Welding Market Estimates and Forecasts by Product, 2018–2030. (USD million) 7.2.7.4. Mexico Welding Products Market Estimates and Forecasts by End Use, 2018–2030. (USD million) 7.3. Europe 7.3.1. European welding market assessment and forecasts, 2018–2030. (Million US dollars) 7.3.2. Estimates and forecasts of the European welding products market by technology for 2018–2030. (USD million) 7.3.3. European welding market estimates and forecasts (by product), 2018–2030. (USD million) 7.3.4. European welding products market estimates and forecasts by end use, 2018–2030. (Million US dollars) 7.3.5. Germany 7.3.5.1. Assessment and forecast of the German welding market, 2018–2030. (millions of US dollars) 7.3.5.2. Assessment and forecast of the German welding products market by technology for 2018–2030. (USD million) 7.3.5.3. Germany welding market assessment and forecasts by product, 2018–2030. (USD million) 7.3.5.4. Germany welding market estimates and forecasts by end use, 2018–2030. (USD million) 7.3.6. UK 7.3.6.1. UK welding market assessment and forecasts, 2018–2030. (millions of US dollars) 7.3.6.2. UK welding market estimates and forecasts by technology 2018–2030. (Million US dollars) 7.3.6.3. UK welding market estimates and forecasts (by product) 2018–2030. (USD million) 7.3.6.4. UK welding market estimates and forecasts by end use, 2018–2030. (USD million) 7.3.7. France 7.3.7.1. Assessment and forecasts of the welding products market in France, 2018–2030. (millions of US dollars) 7.3.7.2. Estimates and forecasts of the welding products market in France by technology for 2018–2030. (USD million) 7.3.7.3. Estimates and forecasts of the welding products market in France by product for 2018–2030. (USD million) 7.3.7.4. French welding market estimates and forecasts by end use, 2018–2030. (USD million) 7.3.8. Italy 7.3.8.1. Assessment and forecasts of the Italian welding market, 2018–2030. (millions of US dollars) 7.3.8.2. Estimates and forecasts of the Italian welding market by technology for 2018–2030. (millions of US dollars) 7.3.8.3. Italian welding market estimates and forecasts by product for 2018–2030. (millions of US dollars) 7.3.8.4. Italian welding market estimates and forecasts by end use, 2018–2030. (USD million) 7.3.9. Netherlands 7.3.9.1. Dutch welding market estimates and forecasts, 2018–2030. (millions of US dollars) 7.3.9.2. Estimates and forecasts of the Dutch welding market by technology for 2018–2030. (USD million) 7.3.9.3. Netherlands welding market estimates and forecasts (by product), 2018–2030. (USD million) 7.3.9.4. Netherlands welding market estimates and forecasts by end use, 2018–2030. (USD million) 7.4. Asia-Pacific region 7.4.1. Asia-Pacific welding products market assessment and forecasts for 2018–2030 (USD million) 7.4.2. Asia-Pacific Welding Products Market Estimates and Forecasts by Technology, 2018–2030. (Million US dollars) 7.4.3. Asia Pacific Welding Products Market Estimates and Forecasts by Product, 2018-2030. (USD million) 7.4.4. Asia Pacific Welding Products Market Estimates and Forecasts by End Use, 2018–2030. (USD million) 7.4.5. China 7.4.5.1. Assessment and forecast of the welding products market in China for 2018–2030. (millions of US dollars) 7.4.5.2. China Welding Products Market Estimates and Forecasts by Technology, 2018–2030 (USD million) 7.4.5.3. China Welding Market Estimates and Forecasts by Product, 2018–2030 (USD million) 7.4.5.4. Welding Products China Welding Products Market Assessment and Forecasts by End Use, 2018–2030 (USD million) 7.4.6. India 7.4.6.1. Indian Welding Products Market Assessment and Forecasts, 2018-2030. (USD million) 7.4.6.2. Indian welding market estimates and forecasts by technology, 2018–2030. (USD million) 7.4.6.3. India Welding Market Estimates and Forecasts by Product, 2018-2030. (USD million) 7.4.6.4. Welding Products India Welding Products Market Estimates and Forecasts by End Use, 2018-2030. (USD million) 7.4.7. Japan 7.4.7.1. Assessment and forecast of the welding products market in Japan for 2018–2030. (millions of US dollars) 7.4.7.2. Estimates and forecasts of the Japanese welding products market by technology for 2018–2030. (USD million) 7.4.7.3. Japan welding market estimates and forecasts by product, 2018–2030. (millions of US dollars) 7.4.7.4. Japan Welding Products Market Estimates and Forecasts 2018–2030 (USD Millions) 7.4.8. Australia Welding Products Market Estimates and Forecasts 2018-2030 (USD Millions) 7.4. and technology forecasts, 2018–2030. ($M) 7.4.8.3 Australian Market Estimates and Forecasts by Product, 2018–2030 (USD million) 7.4.8.4 Welding Products Australia’s welding products market estimates and forecasts. 7.4.9. Indonesia Welding Products Market Estimates and Forecasts, 2018–2030. (millions of US dollars) 7.4.9.2. Indonesia welding market assessment and forecasts, by technology, 2018 – 7.4.9.3. Indonesia Market Forecasts, 2018–2030 by products. (USD million) 7.4.9.4. Indonesia Welding Products Market Estimates and Forecasts by End Use, 2018–2030. (USD million) 7.5. Central and South America 7.5.1. Central and South American welding market assessment and forecasts for 2018–2030. (Million US dollars) 7.5.2. Central and South America welding market assessment and forecasts by technology, 2018–2030. (Million US dollars) 7.5.3. Central and South America Welding Market Estimates and Forecasts by Product, 2018–2030. (USD million) 7.5.4. Central and South America Welding Market Estimates and Forecasts by End Use, 2018–2030. (USD million) 7.5.5. Brazil 7.5.5.1. Brazil Welding Products Market Assessment and Forecasts, 2018–2030. (USD million) 7.5.5.2. Estimates and forecasts of the Brazilian welding products market by technology for 2018–2030. (USD million) 7.5.5.3. Brazil Welding Market Estimates and Forecasts by Product, 2018–2030. (Million US dollars) 7.5.5.4. Brazil Welding Products Market Estimates and Forecasts by End Use, 2018–2030. (USD million) 7.5.6. Argentina 7.5.6.1. Argentine welding products market assessment and forecasts for 2018–2030 (USD million) 7.5.6.2. Argentine welding market estimates and forecasts by technology for 2018–2030. (USD million) 7.5.6.3. Argentina welding market estimates and forecasts by product, 2018–2030. (USD million) 7.5.6.4. Argentina Welding Products Market Assessment and Forecasts by End Use, 2018–2030. (USD million) 7.6. Middle East and Africa 7.6.1. Middle East and Africa Welding Products Market Assessment and Forecasts, 2018–2030. (Million US dollars) 7.6.2. Assessment and forecast of the welding products market in the Middle East and Africa by technology for 2018–2030. (USD million) 7.6.3. Middle East and Africa Welding Products Market Estimates and Forecasts by End Use, 2018–2030. (USD million) 7.6.4. South Africa 7.6.4.1. South Africa Welding Products Market Estimates and Forecasts, 2018–2030. (USD million) 7.6.4.2. South Africa Welding Products Market Estimates and Forecasts by Technology 2018–2030. (USD million) 7.6.4.3. South Africa Welding Market Estimates and Forecasts by Product, 2018-2030. (USD million) 7.6.4.4. South Africa Welding Products Market Estimates and Forecasts by End Use, 2018–2030. (USD million) 7.6.5. Saudi Arabia 7.6.5.1. Saudi Arabia Welding Market Estimates and Forecasts, 2018–2030. (USD million) 7.6.5.2. Saudi Arabia Welding Market Estimates and Forecasts by Technology, 2018–2030. (Million US dollars) 7.6.5.3. Saudi Arabia Welding Market Estimates and Forecasts by Product, 2018-2030. (USD million) 7.6.5.4. Saudi Arabia Welding Market Estimates and Forecasts by Product, 2018-2030. (Million US dollars) Chapter 8. Competitive environment 8.1. Key players, their latest developments and their impact on the industry8.2. Competitive environment 8.3. Competitive positioning in the market 8.4. Strategic Framework 8.5. Heat Map Analysis Chapter 9. Company Profile 9.1. Colfax Corporation 9.1.1. Company profile 9.1.2. Financial indicators 9.1.3. Product benchmarking 9.1.4. Strategic initiatives 9.2. voestalpine AG 9.2.1. Company profile 9.2.2. Financial indicators 9.2.3. 9.2.4. Strategic Product Benchmarking Initiatives 9.3. Air Liquid Welding LLC 9.3.1. Company profile 9.3.2. Financial indicators 9.3.3. 9.3.4. Strategic Product Benchmarking Initiatives 9.4. Lincoln Electric Company 9.4.1. Company profile 9.4.2. Financial indicators 9.4.3. 9.4.4. Strategic Product Benchmarking Initiatives 9.5. Illinois Tool Works, Inc. 9.5.1. Company profile 9.5.2. Financial indicators 9.5.3. Product test 9.5.4. Strategic initiatives 9.6. Modern Welding LLC 9.6.1. Company profile 9.6.2. Financial indicators 9.6.3. Product benchmarking 9.6.4. Strategic initiatives 9.7. Ohara Corporation 9.7.1. Company profile 9.7.2. Financial indicators 9.7.3. 9.7.4. Strategic Product Benchmarking Initiatives 9.8. Sandvik AB 9.8.1. Company profile 9.8.2. Financial indicators 9.8.3. Product test 9.8.4. Strategic initiatives 9.9. Kiswell Corporation 9.9.1. Company profile 9.9.2. Financial indicators 9.9.3. Product test 9.9.4. Strategic initiatives 9.10. Kemppi 9.10.1. Company profile 9.10.2. Financial indicators 9.10.3. Product test 9.10.4. Strategic initiatives 9.11. Mitco Welding Products Pvt. LLC 9.11.1. Company profile 9.11.2. Financial indicators 9.11.3. Product test 9.11.4. Strategic initiatives 9.12. Tianjin Daqiao Welding Materials Company LLC 9.12.1. Company profile 9.12.2. Financial indicators 9.12.3. Product test 9.12.4. Strategic initiatives 9.13. Senor Metals Pvt. 9.13.1. Company profile 9.13.2. Financial indicators 9.13.3. Product test 9.13.4. Strategic initiatives 9.14. Metrod Products LLC 9.14.1. Company profile 9.14.2. Financial indicators 9.14.3. Product test 9.14.4. strategic initiatives
Table 1 Arc Welding Products Market Estimates and Forecasts, 2018–2030 ($Billions) Table 2 Resistance Welding Products Market Estimates and Forecasts, 2018–2030 ($Billions) Table 3 Oxygen Welding Products Market Estimates and Forecasts for 2018–2030 ( Table 4. Laser welding products market assessment and forecast, 2018–2030 (USD billion) Table 5. Other welding products market assessment and forecast, 2018–2030 (USD billion) Table 6. Welding Rod Market Estimates, 2018-2030 Forecasts (Billions of Dollars) Table 7. Solid Welding Wire Market Estimates and Forecasts, 2018-2030 (Billions of Dollars) Table 8. Flux-Cored Welding Wire Market Estimates and Forecasts, 2018–2030 (in billions of dollars) Table 9. Saw welding wire Market, 2018 Estimates and forecasts – 2030 (billion US dollars) Table 10. Other welding products market estimates and forecasts, 2018–2030 billion US dollars) Table 11. North American welding products market estimates and forecasts, 2018–2030 (USD Billion) Table 12 North America Welding Products Market Estimates and Forecasts by Technology, 2018–2030 ($Billion) Table 13 North America Welding Market Estimates and Forecasts by Product, 2018–2030 ($Billion) Table 14 North America Welding Products Market Estimates and Forecasts by End Use, 2018–2030 ($Billions) Table 15: US Welding Products Market Estimates and Forecasts, 2018–2030 ($Billions) Table 16: US Welding Products Market Estimates and Forecasts by Technology, 2018–2030 ($Billions) Table 17 US Welding Products Market Estimates and Forecasts, 2018–2030 Forecasts by Product Classification ($Billions) Table 18 U.S. Welding Products Market Estimates and Forecasts by End Use, 2018–2030 ($Billions) Table 19 Canadian Welding Products Market Estimates and Forecasts, 2018–2030 ($Billion) Table 20: Canadian Welding Products Market Estimates and Forecasts by Technology, 2018–2030 (USD billion) Table 21. By product, 2018–2030 2018–2030 (USD billion) Table 23. Mexico Welding Market Estimates and Forecasts, 2018-2030 (USD Billion) Table 24. Mexico Welding Market Estimates and Forecasts by Technology, 2018-2030 ($Billions) Table 25 Mexico Welding Products Market Estimates and Forecasts by Product, 2018–2030 (USD Billion) Table 26 Mexico Welding Products Market Estimates and Forecasts by End Use, 2018–2030 (billion US dollars) Table 27 Estimates and forecasts of the welding products market in Europe, 2018–2030. ( Table 28. European welding market estimates and forecasts by technology, 2018–2030 (USD billion) Table 29. European welding market estimates and forecasts by product, 2018–2030 (USD billion) Table 30. Estimates of the European welding products market Table 31. Estimates and forecasts of the welding products market in Germany, 2018–2030 (billion US dollars) Table 32. Estimates and forecasts of the welding products market in Germany, by technology, 2018–2030 billion US dollars) ) ) Table 33. Estimates and forecasts of the welding market in Germany by product, 2018–2030. (USD billion) Table 34. Germany Welding Market Estimates and Forecasts, by End Use, 2018–2030 (billion US dollars) Table 35, 2018 – France Welding Products Market assessment and forecasts for 2030 (billion US dollars) Table 36. Assessment and forecasts of the welding products market in France by technology for 2018-2030. (billion US dollars) Table 37. France Welding Products Market Estimates and Forecasts, 2018–2030, Table 38. French Welding Products Market Estimates and Forecasts, by End Use, 2018–2030. (billion US dollars) Table 39. UK welding market estimates and forecasts, 2018–2030. (ten) Table 40. UK welding market estimates and forecasts by technology, 2018–2030. (USD Billion) Table 41 UK Welding Products Market Estimates and Projections by Product 2018-2030 (USD Billion) Table 42 UK Welding Products Market Estimates and Forecasts by End Use, 2018-2030 (USD Billion) Table 43. Italian welding market estimates and forecasts for 2018–2030 (US dollars). Table 44. Italian welding market estimates and forecasts by technology, 2018–2030 (USD billion) Table 45. Italian welding market estimates and forecasts by product, 2018–2030 (billion US dollars) Table 46. Italian welding market by end use Estimates and forecasts for 2018–2030 (billion US dollars) Table 47. Estimates and forecasts of the welding products market in the Netherlands for 2018–2030. (billion US dollars) Table 48. Estimates and forecasts of the Dutch welding products market by technology for 2018–2030. (USD Billion) Table 49: Netherlands Welding Products Market Estimates and Forecasts by Product, 2018–2030 (USD billion) Table 50 Netherlands Welding Market Estimates and Forecasts by End Use, 2018–2030 (USD Billion) Table 51 Asia-Pacific Regional Welding Products Market Estimates, 2018–2030 Forecasts (USD billion) Table 52: Asia-Pacific Welding Products Market Estimates and Forecasts by Technology, 2018–2030 (USD Billion) Table 53: Asia-Pacific Welding Market Estimates by Product, 2018-2030 Table 54: Asia-Pacific Welding Products Market Assessment and End Use Forecasts, 2018–2030 (USD billion) Table 55: China Welding Market Estimates and Forecasts, 2018–2030 (USD billion) Table 56: China welding market estimates and forecasts (by technology), 2018–2030 (USD Billion) Table 57: China Welding Products Market Estimates and Forecasts (By Product), 2018–2030 (billion US dollars) Table 58. Market estimates for welding products in China. Table 59: India Welding Products Market Estimates and Forecasts, 2018–2030 (billion US dollars). Table 60. Welding products market in India. Technology estimates, 2018–2030 and Forecasts (USD Billion) Table 61: India Welding Products Market Estimates and Forecasts by Product, 2018-2030. (USD Billion) Table 62: India Welding Products Market Estimates and Forecasts by End Use, 2018-2030 (USD Billion) Table 63: Japan Welding Products Market Estimates and Forecasts, 2018–2030 (billion US dollars) Table 64. Japan welding market estimates and forecasts, by technology, 2018–2030. (USD Billion) Table 65. Japan Welding Products Market, 2018 – 2030 Product Estimates and Forecasts (USD Billion) Table 66. Japan Welding Products Market Estimates and Forecasts by End Use, 2018-2030 (USD Billion) Table 67: Japan Welding Products Market Estimates and Forecasts by End Use, 2018–2030 (USD billion) Table 68. Australian welding market estimates and forecasts, 2018–2030. (US$ billion) Table 69. Australian welding market estimates and forecasts by technology, 2018–2030. (USD Billion) Table 70: Australian Welding Market Estimates and Forecasts by Product, 2018 – 2030 (USD Billion) Table 71: Australian Welding Market Estimates and Forecasts by End Use, 2018 – 2030 (billion US dollars) Table 72. 2018 – Indonesia welding market estimates and forecasts for 2030 (billion US dollars) Table 73. Indonesia welding market estimates and forecasts by Technology, 2018-2030 (USD Billion) Table 74: Indonesia Welding Products Market Estimates and Forecasts by Product 2018-2030 Estimates and Forecasts (USD Billion) Table 75: Indonesia Welding Products Market Estimates and Forecasts by End Use, 2018–2030 (USD billion) Table 76: Central and South America Welding Market Estimates and Forecasts, 2018–2030 (ten ($Billion) Table 77. Central and South America Welding Products Market Estimates and Forecasts by Technology, 2018–2030 ($Billion) Table 78 Central and South America Americas Welding Products Market Estimates and Forecasts by Product, 2018–2030 ($B) Table 79 Central and South America Welding Market Estimates and Forecasts by End Use, 2018–2030 ($B) Table 80 Brazil Welding Market Estimates and Forecasts, 2018–2030 . (USD billion) Table 81. Brazil welding market estimates and forecasts by technology, 2018–2030 (USD billion) Table 82. Brazil welding market estimates and forecasts by product, 2018–2030 (USD billion) USA) Table 83, 2018 – 2030 Brazil welding market estimates and forecasts by end use (USD billion) Table 84 Argentina welding market estimates and forecasts 2018-2030 (USD billion) Table 85 Assessment and forecasts of the Argentine welding products market by technology Forecast for 2018–2030. (USD) Table 86: Argentina Welding Products Market Estimates and Forecasts by Product, 2018–2030 (billion US dollars) Table 87. Argentine welding market estimates, 2018–2030 Market Estimates and Forecasts by End Use (Ten) Table 88 Welding Products in the Middle East and Africa Market Estimates and Forecasts, 2018–2030 (USD Billion) Table 89: Middle East and Africa Welding Products Market Estimates and Forecasts by Technology, 2018–2030 (USD Billion) Table 90: Middle East and Africa Welding Products Market Estimates and Forecasts, by Product Table 91: Middle East and Africa Welding Products Market Estimates and Forecasts, by End Use, 2018–2030 (USD Billion) Table 92: Saudi Arabia Welding Products Market Estimates and Forecasts, 2018–2030 (USD Billion) Table 93: Saudi Arabia Welding Products Market Estimates and Forecasts by Technology, 2018–2030 (USD Billion) Table 94: Saudi Arabian Welding Products Market Annual Estimates and Forecasts 2018–2030 by product (USD billion) Table 95: Saudi Arabia Welding Products Market Estimates Table 96: South African Welding Products Market Estimates and Forecasts, 2018–2030 (USD Billion) Table 98: South Africa Welding Market Estimates and Forecasts by Product, 2018-2030 (USD Billion) Table 99: South Africa Welding Products Market Estimates and Forecasts by End Use, 2018–2030 (billion US dollars)
Figure 1 Welding products market – market overview 2 Welding products market – segmentation and volume 3 Welding products market: penetration and growth prospects Figure 4 Welding products market – value chain analysis Figure 5 Welding products market dynamics 6 Analysis of welding products market drivers 10 Welding Analysis of product market constraints 11 Welding products market – Porter’s five forces analysis Figure 12 Welding products market – PESTEL analysis Figure 13 Welding products market – technology trends analysis, 2021 and 2030 14 Welding products market – analysis of product development trends, 15 Welding products market 2021 and 2030 – Analysis of regional trends, 2021 and 2030. 16 strategic maps of the main market players.
Welding is an assembly process that joins materials such as metal alloys or thermoplastics without melting the base metal. Welding technologies are widely used in the construction of buildings, bridges, pipelines and other infrastructure. Over the past few years, arc welding has seen innovations in areas such as high-power laser welding and electron beam welding. These types of welding are widely used in the construction industry for welding heavy and large structures. Rapid urbanization and industrialization are expected to lead to an increase in new projects, primarily in the commercial and industrial construction sector, which is likely to contribute to the growth of the global construction industry. Rapid urbanization and population growth are expected to fuel the market growth in the coming years.
Welding processes have a wide range of applications in the aerospace industry, such as aircraft engine sensors, cellular orbital welding, turbine component welding, instrumentation, and specialty metal combinations. The range of welding applications in the aerospace industry also includes heating elements, actuators, strip welding, printed circuit board traces, electronic component inductors, lattice welding and hybrid microwelding equipment. In addition, these technologies are applied to sensors, including thermal bottle crimping. In addition, it includes standard wire preparation, fine wire welding inductor, cross wire welding and stranded wire preparation.
Lack of skilled labor can negatively impact the operational and financial health of industry players, thereby creating challenges for the growth of the welding products market. Operations in the welding industry largely depend on the capabilities and efforts of personnel and management. However, the rapidly evolving robotic welding technology is expected to overcome market limitations during the forecast period.
This section will provide an in-depth understanding of what is included in this welding products market report and will help you clearly understand the structure of the report to make it easier for readers to navigate.
A three-pronged approach is used to extrapolate welding market estimates and forecasts. The process is divided into three stages: information collection, analysis and verification. The entire process is iterative and the steps are repeated until the assessment is verified. These three steps are detailed below:
Search for information. Finding information is one of the most extensive and important steps in our research process, and high-quality data is critical to accurate analysis. We follow a multi-channel data collection process for the welding products market to collect the most reliable and relevant information possible.
Analytics: We analyze the data we collect to build predictive baselines, identify trends and opportunities, gain insight into consumer demographics and drivers, etc. Depending on the type of information we are trying to obtain through our research, we use different methods to obtain data on the welding products market.
Market research efforts: bottom-up approaches for estimating and forecasting demand size and opportunity, top-down approaches for forecasting and new product penetration, and integrated bottom-up and top-down approaches for comprehensive coverage analysis.
Value chain-based sizing and forecasting: Understanding supply-side revenue potential estimates through competitive benchmarking, forecasting, and penetration modeling.
Demand estimation to identify parent and subsidiary markets, segmentation modeling, and heuristic forecasting.- 7
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