Global Welding Equipment Accessories and Consumables Market 2024, Forecast To 2033
27 Feb, 2024
The welding equipment, accessories, and consumables market has experienced robust growth, increasing from $24.84 billion in 2023 to $26.73 billion in 2024, boasting a 7.6% compound annual growth rate (CAGR). This expansion is attributed to repair and maintenance demands, growth in the steel and automotive industries, heightened infrastructure development, and increased demand across various end-use sectors. Looking ahead, the market is expected to maintain strong momentum, reaching $34.83 billion in 2028, with a CAGR of 6.8%, driven by renewable energy projects, global construction, electric vehicle proliferation, oil and gas industry investments, and a surge in demand for efficient welding solutions.
Global Welding Equipment Accessories and Consumables Market Key Driver
The welding equipment accessories and consumables market is growing due to the rising demand in the steel industry. The global production of raw steel and finished steel, coupled with high capability utilization rates, reflects the robust demand for welded metals. The increased use of welding equipment in applications like stick welding, TIG welding, and MIG welding further propels market growth.
Get A Free Sample Of The Global Welding Equipment Accessories and Consumables Market ReportGlobal Welding Equipment Accessories and Consumables Market Segments
The welding equipment, accessories, and consumables market covered in this report is segmented –
1) By Technology: Arc Welding, Oxy-fuel Welding, Other Technologies
2) By Equipment Type: Welding Electrode, Filler Metal, Oxy-fuel Gas
3) By Application: Automotive, Building and construction, Heavy Engineering, Railway & Shipbuiding, Oil & Gas, Other Applications
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacific was the largest region in the welding equipment accessories and consumables market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the welding equipment, accessories, and consumables market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Welding Equipment Accessories and Consumables Industry Players
Air Liquide S. A.; British Oxygen Company; Bug-O Systems Inc.; Carl Cloos Schweisstechnik GmbH; Cavagna Group UK Ltd.; Colfax Corporation; Daihen Corporation; GCE Holding AB; Gentec Corporation; Illinois Tool Works Inc.; Kobe Steel Ltd.; Koike Aronson Inc.; Lincoln Electric Holdings Inc.; Linde plc; Matheson Tri-Gas Inc.; Elektriska Svetsnings-Aktiebolaget; Fronius International GmbH; Kemppi Oy; Obara Corporation; Panasonic Corporation; ARCON Welding Equipment LLC; Costruzioni Elettromeccaniche Annettoni S. p. A.; Ewm Ag; Hyundai Welding Co. Ltd.; Kjellberg Finsterwalde Plasma und Maschinen GmbH; Lorch Schweißtechnik GmbH; Miller Electric Mfg LLC; OTC Daihen Corporation; Rofin-Sinar Technologies Inc.; Soyer GmbH; Voestalpine Böhler Welding GmbH; Welding Alloys Group Ltd.
Get The Full Global Welding Equipment Accessories and Consumables Market Report
Welding Equipment Accessories and Consumables Market Overview
Welding equipment, accessories, and consumables refer to the set of products that are used during the process of welding, which is the process of fabrication of metals in which two pieces of metal are joined together by applying heat by using instruments such as welding goggles, welding helmets, welding glass, welding spray, and welding positioners.
Welding Equipment Accessories and Consumables Global Market Report 2023 provides data on the global welding equipment accessories and consumables market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The welding equipment accessories and consumables market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.