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Global Welding Consumables Market 2017-2021

  • Published: Feb 2017
  • Pages: 90
  • SKU: IRTNTR11822
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The welding consumables market size is projected to reach more than USD 22 billion by 2021. This market research study identifies Colfax, Hyundai Welding, ITW, and Lincoln Electric as the leading players in the global welding consumables market. A comprehensive analysis of this market is also presented by market value, market forecasting, market share, segmentation the end-user (automotive, construction, aerospace, marine, and others) and geography (the Americas, APAC, and EMEA).

Highlights of the welding consumables market research report are:

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Overview of the global welding consumables market

The global welding consumables market is anticipated to grow at a steady rate and will post a CAGR of more than 5% during the forecast period. The growing demand from wind energy industry will drive the growth prospects for the global welding consumables market in the forthcoming years. Some of the major factors responsible for the growing preference for non-renewable sources such as wind energy include the depletion of fossil fuel resources and stringent environmental regulations from the government. Also, the internal and external longitudinal welding processes are required for internal and external circumferential joints. Furthermore, according to the industry research report, other areas that require welding includes components such as foundation flanges, port-holes, and sub-components.

The emergence of laser welding equipment will drive the growth prospects for the global welding consumables market until the end of 2021. Since laser welding technology are increasingly used to weld a wide range of materials that require low thermal distortion and high-speed welding, the demand for laser welding technology is increasing in the market.

 

Competitive landscape and key vendors

The global welding consumables market is moderately fragmented and highly competitive due to the presence of a large number of regional and international vendors across the globe. A large number of local players find it quite difficult to compete against international vendors in terms of quality, features, functionalities, and services.

 

Key vendors in this market are -

  • Colfax
  • Hyundai Welding
  • ITW
  • Lincoln Electric

Other prominent vendors in the market include Air Liquide, Arcon Welding Equipment, EWM, Eutectic, Denyo, Fronius International, Hyundai Welding, Hilarius Haarlem, Kemppi, Kjellberg Finsterwalde Elektroden und Zusatzwerkstoffe, Linde, Obara, Panasonic, Sandvik Materials Technology, Tianjin Bridge Welding Materials, Voestalpine, and VDM Metals.

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Segmentation by end-user and analysis of the welding consumables market

  • Automotive
  • Construction
  • Aerospace
  • Marine

The automotive industry accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. Some of the major factors that encourage the welding industry to incorporate robotics and automation technologies in the automotive industry are stringent requirements for quality, reliability, and precision.

 

Segmentation by geography and analysis of the welding consumables market

  • Americas
  • APAC
  • EMEA

In terms of geography, APAC accounted for the maximum market share during 2016 and will continue to dominate the market for then ext four years. One of the major factors responisble for the market’s growth in the region is the increasing development of the end-user industries such as automotive, aerospace and defense, shipbuilding, and railways.

 

Key questions answered in the report include

  • What will the market size and the growth rate be of global welding consumables market in 2021?
  • What are the key factors driving the global welding consumables market?
  • What are the key market trends impacting the growth of the global welding consumables market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global welding consumables market?
  • What are the market opportunities and threats faced by the vendors in the global welding consumables market?
  • What are the trending factors influencing the market shares of the global welding consumables market in Americas, APAC, and EMEA?
  • What are the key outcomes of the five forces analysis of the global welding consumables market?

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Table of Contents

PART 01: Executive summary

PART 02: Scope of  the report

PART 03: Research Methodology

PART 04: Introduction

  • Key market highlights

PART 05: Market landscape

  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation by end-user

  • Market overview
  • Automotive
  • Construction
  • Aerospace
  • Marine

PART 07: Geographical segmentation

  • Market overview
  • APAC
  • Americas
  • EMEA

PART 08: Market drivers

  • Positive outlook of global construction industry
  • Growing demand from wind energy industry
  • Competitive landscape driving new technologies

PART 09: Impact of drivers

PART 10: Market challenges

  • Emergence of friction stir welding technology in the automotive industry
  • Shrinking skilled workforce in major steel consuming countries like India and US
  • Quality of welded products
  • Introduction of new welding technology involves greater R&D expenses

PART 11: Impact of drivers and challenges

PART 12: Market trends

  • Addressing the issue of growing skill gap
  • Advent of new materials
  • Emergence of laser welding equipment

PART 13: Vendor landscape

  • Competitive scenario
  • Risks faced by vendors in the overall welding equipment and consumables market
  • Other prominent vendors

PART 14: Key vendor analysis

  • Colfax
  • Hyundai Welding
  • ITW
  • Lincoln Electric

PART 15: Appendix

  • List of abbreviations

PART 16: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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