Welding Consumables Market 2020 Size SWOT Analysis of Top Key Player Forecasts To 2025

1
Welding Consumables Market

• Size 2019, by End-user (Aerospace Defense,
  Automotive, Construction, Marine, Others), by
  Type (Stick Electrodes, Solid Wires, Flux Cored
  Wires, Saw Wires Fluxes), by Region and
  Forecast 2019 to 2025

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2
Global Welding Consumables Market Size and
Share-Global Forecast to 2025

• The global welding consumables market is
  anticipated to cross USD 19 billion by 2025,
  growing at a CAGR of gt5.0. The increasing
  population coupled with infrastructure
  development has prompted developed as well as
  developing economies to increase their
  construction activities.
• According to the United Nations prediction, the
  number of people living in cities could double by
  2050, which is close to 6.5 billion. Welding
  consumables continue to dominate the market as
  preferred technology due to its reliability,
  strength and relatively lower operational cost.
• This technology provides a smooth assembly of
  joined components, no professional workforce
  required to conduct process and ease of
  manufacture. All these advantages provided over
  the forecast period by the use of welding to
  drive the industry at a respectable rate.
• The global welding consumables market has been
  segmented by end-use and type. The welding
  consumables market end-use segments mainly
  include construction, automotive, aerospace
  defense, and marine sectors.
• Construction and marine applications are likely
  to retain a significant market share in the
  global welding consumables market. Particularly
  due to the growing demand from the other end-use
  segments, such as the oil and gas industries,
  manufacturing, and automotive applications, the
  market is projected to expand over the coming
  years.

3
Global Welding Consumables Market Size and
Share-Global Forecast to 2025

• Welding methods have many advantages over
  traditional technologies such as riveting, which
  is expected to create a positive image for the
  demand for welding consumables. Welding is
  favored because of its durable and relatively
  pliant joints, low labor costs, and ease of
  welded part manufacturing.
• Both of these advantages contribute to increased
  momentum in welding in industries with different
  end uses. Subsequently, the tendency towards
  welding adoption elevated sales of welding
  consumables worldwide.
• Asia-Pacific is expected to show the highest
  growth rate over the projected period, by virtue
  of rapid urbanization industrialization,
  especially in the emerging economies such as
  China, India, South Korea, and Southeast Asia. 
• Additionally, government investment and promotion
  towards renewable energy and increasing foreign
  direct investments (FDI) in solar, thermal, and
  wind energy sectors is expected to increase
  welding consumables market growth over the coming
  years.
• However, the environmental impact of welding
  consumables, customer price sensitivity, sluggish
  adoption of advanced welding technologies in
  developing countries, and slow growth of
  aerospace defense are expected to be the key
  market challenges.
• The global welding consumables market is
  competitive in nature. A large number of domestic
  and international manufacturers are operating in
  this industry. Some prominent players are Bohler
  Welding, Hyundai, Lincoln Electric, Air Liquide,
  ARCON Welding, Denyo, Fronius International,
  Illinois Tool Work, Kemppi, Kobelco, Panasonic,
  and Tianjin Bridge Welding Materials Group.

4
Global Welding Consumables Market Size and
Share-Global Forecast to 2025

• Key segments of the global welding consumables
  market
• End-user Overview, 2015-2025 (USD Billion)
• Aerospace Defense
• Automotive
• Construction
• Marine
• Others
• Type Overview, 2015-2025 (USD Billion)
• Stick Electrodes
• Solid Wires
• Flux Cored Wires
• Saw Wires Fluxes
• Regional Overview, 2015-2025 (USD Billion)
• North America
• Europe
• Asia Pacific
• Central South America
• Middle East Africa

5
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