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The market for welding-related products worldwide is expected to reach USD 35,326 million by 2028, recording a CAGR of 5.2% over the forecast period as per the latest report by 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. Welding is usually used on metals and thermoplastics but can also be used on wood.
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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-related products 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-related products 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-related products can be segmented by product: gases, protective equipment, welding consumables, welding equipment, others. The welding consumables segment is estimated to account for the largest share of the global welding-related products market. Welding-related products 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 revenue share in 2021. Based on application, the welding-related products market is segmented into: automotive, chemical & petrochemical, civil & infrastructure, machine-building, power, shipbuilding, others. On the basis of region, the welding-related products market also can be divided into: Asia Pacific, Europe, North America, Rest of the World (RoW).
By product:
gases
protective equipment
welding consumables
welding equipment
others
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 has also analysed the competitive landscape of the global welding-related products market with some of the key players being 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., among others.
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