용접 장비, 부속품, 소모품 시장 예측(-2030년) : 제품별, 용접 공정별, 유통 채널별, 용도별, 최종사용자별, 지역별 세계 분석

According to Stratistics MRC, the Global Welding Equipment, Accessories & Consumables Market is accounted for $29.45 billion in 2023 and is expected to reach $46.07 billion by 2030 growing at a CAGR of 6.7% during the forecast period. Welding equipment, accessories, and consumables encompass a range of tools and materials essential for various welding processes. Equipment ensures safe and efficient welding operations. Accessories aid in precise work and maintenance. Consumables are vital for creating strong and durable welds. Together, these components form a comprehensive ecosystem that facilitates the joining of metal parts in various industries, contributing to the fabrication of structures and products worldwide.

According to OICA (Organisation Internationale des Constructeurs d'Automobiles), the global production of passenger cars amounted to 67.14 million by 2022.

Market Dynamics:

Driver:

Increasing demand for energy infrastructure

The escalating demand for energy infrastructure, fuelled by urbanization, industrialization, and global development initiatives, serves as a significant driver for the welding equipment, accessories & consumables. With the expansion of renewable energy projects, oil and gas exploration, and construction of power plants, there arises a crucial need for robust welding solutions to fabricate, repair, and maintain the infrastructure. This surge in demand propels the market for welding equipment, accessories, and consumables, as industries seek efficient and reliable welding technologies to meet the growing requirements of energy infrastructure projects worldwide.

Restraint:

Fluctuating raw material prices

Welding products heavily rely on materials like steel, alloys, and gases, whose prices are susceptible to market fluctuations, geopolitical factors, and supply chain disruptions. When raw material costs rise unpredictably, manufacturers face pressure to either absorb the higher expenses or pass them onto consumers, potentially leading to decreased demand or reduced margins. Such volatility can hinder investment in innovation and expansion within the industry, impacting its overall growth and stability.

Opportunity:

Growing construction sector

As construction projects proliferate globally, including residential, commercial & infrastructure developments, there emerges a robust demand for welding solutions to fabricate, assemble, and maintain structures. Welding is integral to joining metal components in building frameworks, bridges, pipelines, and other infrastructure projects. The construction sector's expansion drives the need for advanced welding equipment, consumables, and accessories to ensure efficiency, precision, and durability in construction processes. This escalating demand propels growth within the welding industry, as it caters to the evolving requirements of the construction sector worldwide.

Threat:

High initial investment

The substantial upfront costs associated with acquiring welding equipment, accessories, and consumables can deter potential buyers, especially in industries with tight budget constraints. Additionally, the need for specialized training and maintenance further escalates the total cost of ownership, making it challenging for companies to invest in welding technologies. This can limit market growth and adoption, particularly among smaller enterprises and emerging economies.

Covid-19 Impact

The covid-19 pandemic has posed challenges to the welding equipment, accessories & consumables market, leading to disruptions in the supply chain, manufacturing operations, and project timelines. Lockdown measures, reduced industrial activities, and supply chain constraints have slowed down the demand for welding equipment and consumables across various sectors. However, the market has shown resilience with the gradual recovery of industries, especially in sectors like construction, automotive, and manufacturing, driving the adoption of welding technologies to meet pent-up demand and address infrastructure projects, albeit with some lingering uncertainties.

The sheet metal fabrication segment is expected to be the largest during the forecast period

The sheet metal fabrication segment is estimated to have a lucrative growth. In sheet metal fabrication, welding equipment, accessories & consumables play a vital role in joining metal components efficiently and precisely. Welding machines, including MIG, TIG, and spot welders, along with specialized accessories such as welding guns and torches, enable the fusion of sheet metal parts with accuracy and strength. Consumables like welding electrodes, wires, and shielding gases ensure the integrity of welds. These technologies empower sheet metal fabricators to create complex structures and assemblies for various industries.

The construction segment is expected to have the highest CAGR during the forecast period

The construction segment is anticipated to witness the highest CAGR growth during the forecast period. Welding equipment, accessories & consumables play a vital role in the construction industry, facilitating the fabrication and assembly of structural components, frameworks, and infrastructure elements. In construction applications, these equipment helps to join metal components efficiently. This integration of welding technologies enables construction projects to meet stringent safety and quality standards while enhancing productivity and efficiency on-site.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to rapid industrialization, infrastructure development, and expanding manufacturing sectors. Countries like China, India, Japan, and South Korea are witnessing significant demand for welding equipment and consumables across various industries. Additionally, government initiatives aimed at infrastructure development and urbanization are fueling market growth. The region's growing emphasis on technological advancements and automation in welding processes is also contributing to the expansion of the market in the Asia-Pacific region.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to infrastructure redevelopment, automotive manufacturing, and investments in renewable energy projects. Countries like Germany, France, and the UK are leading the demand for welding equipment and consumables in sectors such as construction, automotive, aerospace, and shipbuilding. Furthermore, the focus on sustainability and energy efficiency in manufacturing processes is spurring the demand for innovative welding solutions across various industries in the European region.

Key players in the market

Some of the key players profiled in the Welding Equipment, Accessories & Consumables Market include Lincoln Electric Holdings Inc., Emerson Electric Limited, Illinois Tool Works, Fronius International GmbH, Colfax Corporation, Kemppi Oy, Panasonic Welding Systems Corporation, Ador Welding Limited, Arcon Welding Equipment, Air Liquide S.A, Bond Technologies Inc., Kobe Steel Limited, Daihen Corporation, Nippon Avionics Limited, Schunk GmbH and Telsonic AG.

Key Developments:

In August 2023, Bond Technologies, Inc. launched high-volume production FSW machine designed for demanding production environments. It has dual shuttles with a quick-change fixture interface, and can also operate in synchronous mode for larger parts. With its high speed, real-time data acquisition, weld pass/fail notification, and full part-traceability, companies can assure both quantity and quality of the final product.

In March 2023, Kemppi introduced new portable and versatile welding equipment for MIG/MAG welding: Master M 205 and Master M 323. The new welding equipment is perfectly suited for industrial welding in shipyards and repair shops, and furthermore for dedicated hobby welders.

Products Covered:

• Welding Machines
• Welding Consumables
• Welding Accessories

Welding Processes Covered:

• Arc Welding
• Resistance Welding
• Oxy-Fuel Welding & Cutting
• Laser Welding
• Electron Beam Welding
• Plasma Arc Welding
• Ultrasonic Welding
• Other Welding Processes

Distribution Channels Covered:

• Direct Sales
• Distributors/Wholesalers
• Online Retailers
• Specialty Stores
• Other Distribution Channels

Applications Covered:

• Structural Welding
• Pipeline Welding
• Sheet Metal Fabrication
• Pressure Vessel Fabrication
• Welding for Art & Sculpture
• Other Applications

End Users Covered:

• Automotive
• Construction
• Aerospace & Defense
• Shipbuilding
• Oil & Gas
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Product Analysis
• 3.7 Application Analysis
• 3.8 End User Analysis
• 3.9 Emerging Markets
• 3.10 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Welding Equipment, Accessories & Consumables Market, By Product

• 5.1 Introduction
• 5.2 Welding Machines
• 5.3 Welding Consumables
• 5.4 Welding Accessories
  • 5.4.1 Helmets
  • 5.4.2 Gloves
  • 5.4.3 Jackets
  • 5.4.4 Torches
  • 5.4.5 Rods
  • 5.4.6 Other Welding Accessories

6 Global Welding Equipment, Accessories & Consumables Market, By Welding Process

• 6.1 Introduction
• 6.2 Arc Welding
• 6.3 Resistance Welding
• 6.4 Oxy-Fuel Welding & Cutting
• 6.5 Laser Welding
• 6.6 Electron Beam Welding
• 6.7 Plasma Arc Welding
• 6.8 Ultrasonic Welding
• 6.9 Other Welding Processes

7 Global Welding Equipment, Accessories & Consumables Market, By Distribution Channel

• 7.1 Introduction
• 7.2 Direct Sales
• 7.3 Distributors/Wholesalers
• 7.4 Online Retailers
• 7.5 Specialty Stores
• 7.6 Other Distribution Channels

8 Global Welding Equipment, Accessories & Consumables Market, By Application

• 8.1 Introduction
• 8.2 Structural Welding
• 8.3 Pipeline Welding
• 8.4 Sheet Metal Fabrication
• 8.5 Pressure Vessel Fabrication
• 8.6 Welding for Art & Sculpture
• 8.7 Other Applications

9 Global Welding Equipment, Accessories & Consumables Market, By End User

• 9.1 Introduction
• 9.2 Automotive
• 9.3 Construction
• 9.4 Aerospace & Defense
• 9.5 Shipbuilding
• 9.6 Oil & Gas
• 9.7 Other End Users

10 Global Welding Equipment, Accessories & Consumables Market, By Geography

• 10.1 Introduction
• 10.2 North America
  • 10.2.1 US
  • 10.2.2 Canada
  • 10.2.3 Mexico
• 10.3 Europe
  • 10.3.1 Germany
  • 10.3.2 UK
  • 10.3.3 Italy
  • 10.3.4 France
  • 10.3.5 Spain
  • 10.3.6 Rest of Europe
• 10.4 Asia Pacific
  • 10.4.1 Japan
  • 10.4.2 China
  • 10.4.3 India
  • 10.4.4 Australia
  • 10.4.5 New Zealand
  • 10.4.6 South Korea
  • 10.4.7 Rest of Asia Pacific
• 10.5 South America
  • 10.5.1 Argentina
  • 10.5.2 Brazil
  • 10.5.3 Chile
  • 10.5.4 Rest of South America
• 10.6 Middle East & Africa
  • 10.6.1 Saudi Arabia
  • 10.6.2 UAE
  • 10.6.3 Qatar
  • 10.6.4 South Africa
  • 10.6.5 Rest of Middle East & Africa

11 Key Developments

• 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 11.2 Acquisitions & Mergers
• 11.3 New Product Launch
• 11.4 Expansions
• 11.5 Other Key Strategies

12 Company Profiling

• 12.1 Lincoln Electric Holdings Inc.
• 12.2 Emerson Electric Limited
• 12.3 Illinois Tool Works
• 12.4 Fronius International GmbH
• 12.5 Colfax Corporation
• 12.6 Kemppi Oy
• 12.7 Panasonic Welding Systems Corporation
• 12.8 Ador Welding Limited
• 12.9 Arcon Welding Equipment
• 12.10 Air Liquide S.A
• 12.11 Bond Technologies Inc.
• 12.12 Kobe Steel Limited
• 12.13 Daihen Corporation
• 12.14 Nippon Avionics Limited
• 12.15 Schunk GmbH
• 12.16 Telsonic AG