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Projected to expand at a CAGR of 4.5% from 2022 to 2028, the global welding equipment and supplies market will worth USD 22,403 million by 2028-end, according to our report Company.
Along with R&D, new product launches, mergers and acquisitions, agreements, collaborations, partnerships, joint ventures, and the local improvement of basic competition operating within the market on a global and local scale, the studies also include major strategic trends.
Welding is a fabrication process whereby two or more parts are fused together by means of heat, pressure or both forming a join as the parts cool. The bulk of materials that are welded are metals and their alloys, although the term welding is also applied to the joining of other materials such as thermoplastics.
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The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global welding equipment and supplies market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the welding equipment and supplies industry.
This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, technology, application, and region. The global market for welding equipment and supplies can be segmented by product: welding equipment, consumables. The consumables segment captured the largest share of the market in 2021. Welding equipment and supplies market is further segmented by technology: arc welding, radiant energy welding, resistance welding, solid-state welding, thermochemical welding, others.
The arc welding segment held the largest share of the global welding equipment and supplies market in 2021 and is anticipated to hold its share during the forecast period. Based on application, the welding equipment and supplies market is segmented into: automotive, chemical & petrochemical, civil & infrastructure, machine-building, power, shipbuilding, others. On the basis of region, the welding equipment and supplies market also can be divided into: Asia Pacific, Europe, North America, Rest of the World (RoW).
By product:
welding equipment
consumables
By technology:
arc welding
radiant energy welding
resistance welding
solid-state welding
thermochemical welding
others
By application:
automotive
chemical & petrochemical
civil & infrastructure
machine-building
power
shipbuilding
others
By region:
Asia Pacific
Europe
North America
Rest of the World (RoW)
The report also provides a detailed analysis of several leading welding equipment and supplies market vendors that include Air Liquide S.A., Atlantic China Welding Consumables, Inc., Colfax Corporation, DAIHEN Corporation, EWM AG, Fronius International GmbH, HYUNDAI WELDING CO., LTD., Illinois Tool Works Inc, Kiswel Co., Ltd., Kobe Steel, Ltd., Lincoln Electric Holdings, Inc., Messer Group GmbH, Nippon Steel Welding & Engineering Co., Ltd., Panasonic Corporation, Sonics & Materials, Inc., Thermatool Corp. (Inductotherm Group), Tianjin Golden Bridge Welding Materials Group Co., Ltd., voestalpine Boehler Welding Group GmbH, among others.
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