This Welding Products report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
The welding products market size has grown strongly in recent years. It will grow from $16.55 billion in 2024 to $17.54 billion in 2025 at a compound annual growth rate (CAGR) of 6%. The growth in the historic period can be attributed to rise in industrialization, growth of manufacturing sector, expansion of infrastructure projects, adoption of welding technology inThe automotive industry, increasing construction activities.
The welding products market size is expected to see strong growth in the next few years. It will grow to $23.38 billion in 2029 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to rise in demand for welding products in the renewable energy sector, growing demand for lightweight materials in various industries, expansion of the oil and gas industry, increasing focus on repair and maintenance activities in aging infrastructure, increasing demand for welding products in the defense industry. Major trends in the forecast period include adoption of automation and artificial intelligence, eco-friendly welding technologies and materials, customization of welding products for specific industrial applications, integration of data analytics for quality control, shift towards more portable and compact welding equipment for flexibility.
The anticipated rapid growth in the construction sector is poised to drive the welding products market during the forecast period. The construction sector, encompassing diverse activities such as infrastructure development, building construction, and maintenance, extensively relies on welding for fabricating structural frameworks from metal components. The use of welding is prevalent in joining trusses, steel I-beams, columns, and footers, which are crucial elements in supporting a building's walls, roof, and floors. For example, projections from the Intercontinental Exchange (ICE), a US-based technology company, suggest that the global construction sector is expected to reach $8 trillion by 2030. Hence, the swift expansion of the construction sector is a key factor propelling the growth of the welding products market.
The projected increase in demand for manufactured goods is set to be a driving force behind the growth of the welding products market. Manufactured goods, produced through various manufacturing processes involving the conversion of raw materials into finished or semi-finished products, span across industries like automotive, aerospace, heavy machinery, electronics, furniture, infrastructure, energy, and defense. Recent data from Eurostat, a UK-based government statistical agency, indicates a 0. 2% rise in manufactured industrial output in the European area and a 0. 1% increase in the European Union between May and April 2023. This surge in demand for manufactured goods is expected to contribute significantly to the growth of the welding products market.
A prominent trend in the welding products market is the technological advancement observed in welding products. Key players in the market are actively developing technologically advanced products with enhanced impact wear resistance and combined abrasion to meet the evolving needs of various industries. As an illustration, in July 2022, Vitesco Technologies, a Germany-based automotive supplier, introduced new green laser equipment, a sustainable laser welding technology that can potentially reduce energy consumption by up to 20% and decrease the CO2 footprint per laser-welded joint compared to conventional infrared laser systems.
Major companies in the welding products market are strategically focusing on the development of robotic welding products to strengthen their market position and expand their product offerings. Robotic welding products, characterized by automated systems utilizing robots for welding operations, offer improved precision and efficiency in manufacturing processes. For instance, Kemppi Oy, a Finland-based welding company, unveiled the Kemppi AX MIG Welder in April 2023, a robust robotic welding system designed for seamless integration, user-friendly operation, and advanced welding technology, specifically tailored for high-demand, continuous, and automated welding applications.
In November 2022, Manufacturing Technology, Inc. (MTI), a US-based contract precision manufacturer, acquired Friction Welding Technologies Pvt. Ltd. (FWT) for an undisclosed amount. This strategic acquisition enhances MTI's product line and global reach, adding 40,000 square feet of space in India. It provides FWT with additional resources to strengthen its position in the markets it serves, given its expertise in direct drive friction welding.
Major companies operating in the welding products market include The Lincoln Electric Company, Colfax Corporation, Illinois Tool Works Inc., Kemppi Oyj, Kiswel Inc., Obara Corporation, Senor Metals Pvt. Ltd., Tianjin Bridge Welding Materials Co. Ltd., Elektriska Svetsnings-Aktiebolaget, Ador Welding Ltd., Panasonic Life Solutions India Pvt. Ltd., Rofin-Sinar Technologies Inc., Sonics & Materials Inc., Fronius International GmbH, Daihen Corporation, Voestalpine AG, Arcon Welding Products Private Limited, Air Liquide SA, Carl Cloos Schweisstechnik GmbH, OTC DAIHEN Inc., Mitco Weld Products Pvt. Ltd., voestalpine Böhler Welding Group GmbH, Miller Electric Mfg. Co., GCE Group Ltd., EWM AG, Kjellberg Finsterwalde Plasma und Maschinen GmbH, Lincoln Electric Holdings Inc., FZE Manufacturing Solutions LLC, Copelands Inc., Harvan Manufacturing Ltd., Kooima Company, PT Tech LLC, William L Bonnell Company Inc., Pexco LLC, Arcair Appliance Industrial Co. Ltd., Harris Calorific Inc.
Asia-Pacific was the largest region in the welding products market in 2024. The regions covered in the welding products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the welding products market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
Welding products encompass materials or consumables employed in the welding process to fabricate parts and finished products across diverse industries. These products utilize a filler material in welding, facilitating the joining of metals like stainless steel, aluminum, nickel, copper alloys, cobalt, and titanium.
The primary types of welding products include stick electrodes, solid wires, flux-cored wires, saw wires and fluxes, and others. Stick electrodes are consumables utilized for repair work, known for being self-shielded and reducing the need for additional equipment. Various technologies, such as arc welding, resistance welding, oxy-fuel welding, laser beam welding, and others, are employed in the welding process. This is implemented across verticals like the automobile and transportation sector, building and construction, marine, and others.
The welding products market research report is one of a series of new reports that provides welding products market statistics, including welding products industry global market size, regional shares, competitors with a welding products market share, market segments, market trends and opportunities, and any further data you may need to thrive in the welding products industry. This welding products market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The welding products market consists of sales of filler metals, TIG torches, ground clamps, and welding cables. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The welding products market size has grown strongly in recent years. It will grow from $16.55 billion in 2024 to $17.54 billion in 2025 at a compound annual growth rate (CAGR) of 6%. The growth in the historic period can be attributed to rise in industrialization, growth of manufacturing sector, expansion of infrastructure projects, adoption of welding technology inThe automotive industry, increasing construction activities.
The welding products market size is expected to see strong growth in the next few years. It will grow to $23.38 billion in 2029 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to rise in demand for welding products in the renewable energy sector, growing demand for lightweight materials in various industries, expansion of the oil and gas industry, increasing focus on repair and maintenance activities in aging infrastructure, increasing demand for welding products in the defense industry. Major trends in the forecast period include adoption of automation and artificial intelligence, eco-friendly welding technologies and materials, customization of welding products for specific industrial applications, integration of data analytics for quality control, shift towards more portable and compact welding equipment for flexibility.
The anticipated rapid growth in the construction sector is poised to drive the welding products market during the forecast period. The construction sector, encompassing diverse activities such as infrastructure development, building construction, and maintenance, extensively relies on welding for fabricating structural frameworks from metal components. The use of welding is prevalent in joining trusses, steel I-beams, columns, and footers, which are crucial elements in supporting a building's walls, roof, and floors. For example, projections from the Intercontinental Exchange (ICE), a US-based technology company, suggest that the global construction sector is expected to reach $8 trillion by 2030. Hence, the swift expansion of the construction sector is a key factor propelling the growth of the welding products market.
The projected increase in demand for manufactured goods is set to be a driving force behind the growth of the welding products market. Manufactured goods, produced through various manufacturing processes involving the conversion of raw materials into finished or semi-finished products, span across industries like automotive, aerospace, heavy machinery, electronics, furniture, infrastructure, energy, and defense. Recent data from Eurostat, a UK-based government statistical agency, indicates a 0. 2% rise in manufactured industrial output in the European area and a 0. 1% increase in the European Union between May and April 2023. This surge in demand for manufactured goods is expected to contribute significantly to the growth of the welding products market.
A prominent trend in the welding products market is the technological advancement observed in welding products. Key players in the market are actively developing technologically advanced products with enhanced impact wear resistance and combined abrasion to meet the evolving needs of various industries. As an illustration, in July 2022, Vitesco Technologies, a Germany-based automotive supplier, introduced new green laser equipment, a sustainable laser welding technology that can potentially reduce energy consumption by up to 20% and decrease the CO2 footprint per laser-welded joint compared to conventional infrared laser systems.
Major companies in the welding products market are strategically focusing on the development of robotic welding products to strengthen their market position and expand their product offerings. Robotic welding products, characterized by automated systems utilizing robots for welding operations, offer improved precision and efficiency in manufacturing processes. For instance, Kemppi Oy, a Finland-based welding company, unveiled the Kemppi AX MIG Welder in April 2023, a robust robotic welding system designed for seamless integration, user-friendly operation, and advanced welding technology, specifically tailored for high-demand, continuous, and automated welding applications.
In November 2022, Manufacturing Technology, Inc. (MTI), a US-based contract precision manufacturer, acquired Friction Welding Technologies Pvt. Ltd. (FWT) for an undisclosed amount. This strategic acquisition enhances MTI's product line and global reach, adding 40,000 square feet of space in India. It provides FWT with additional resources to strengthen its position in the markets it serves, given its expertise in direct drive friction welding.
Major companies operating in the welding products market include The Lincoln Electric Company, Colfax Corporation, Illinois Tool Works Inc., Kemppi Oyj, Kiswel Inc., Obara Corporation, Senor Metals Pvt. Ltd., Tianjin Bridge Welding Materials Co. Ltd., Elektriska Svetsnings-Aktiebolaget, Ador Welding Ltd., Panasonic Life Solutions India Pvt. Ltd., Rofin-Sinar Technologies Inc., Sonics & Materials Inc., Fronius International GmbH, Daihen Corporation, Voestalpine AG, Arcon Welding Products Private Limited, Air Liquide SA, Carl Cloos Schweisstechnik GmbH, OTC DAIHEN Inc., Mitco Weld Products Pvt. Ltd., voestalpine Böhler Welding Group GmbH, Miller Electric Mfg. Co., GCE Group Ltd., EWM AG, Kjellberg Finsterwalde Plasma und Maschinen GmbH, Lincoln Electric Holdings Inc., FZE Manufacturing Solutions LLC, Copelands Inc., Harvan Manufacturing Ltd., Kooima Company, PT Tech LLC, William L Bonnell Company Inc., Pexco LLC, Arcair Appliance Industrial Co. Ltd., Harris Calorific Inc.
Asia-Pacific was the largest region in the welding products market in 2024. The regions covered in the welding products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the welding products market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
Welding products encompass materials or consumables employed in the welding process to fabricate parts and finished products across diverse industries. These products utilize a filler material in welding, facilitating the joining of metals like stainless steel, aluminum, nickel, copper alloys, cobalt, and titanium.
The primary types of welding products include stick electrodes, solid wires, flux-cored wires, saw wires and fluxes, and others. Stick electrodes are consumables utilized for repair work, known for being self-shielded and reducing the need for additional equipment. Various technologies, such as arc welding, resistance welding, oxy-fuel welding, laser beam welding, and others, are employed in the welding process. This is implemented across verticals like the automobile and transportation sector, building and construction, marine, and others.
The welding products market research report is one of a series of new reports that provides welding products market statistics, including welding products industry global market size, regional shares, competitors with a welding products market share, market segments, market trends and opportunities, and any further data you may need to thrive in the welding products industry. This welding products market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The welding products market consists of sales of filler metals, TIG torches, ground clamps, and welding cables. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Welding Products Market Characteristics3. Welding Products Market Trends and Strategies4. Welding Products Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics, and the Recovery from COVID-19 on the Market32. Global Welding Products Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Welding Products Market34. Recent Developments in the Welding Products Market
5. Global Welding Products Growth Analysis and Strategic Analysis Framework
6. Welding Products Market Segmentation
7. Welding Products Market Regional and Country Analysis
8. Asia-Pacific Welding Products Market
9. China Welding Products Market
10. India Welding Products Market
11. Japan Welding Products Market
12. Australia Welding Products Market
13. Indonesia Welding Products Market
14. South Korea Welding Products Market
15. Western Europe Welding Products Market
16. UK Welding Products Market
17. Germany Welding Products Market
18. France Welding Products Market
19. Italy Welding Products Market
20. Spain Welding Products Market
21. Eastern Europe Welding Products Market
22. Russia Welding Products Market
23. North America Welding Products Market
24. USA Welding Products Market
25. Canada Welding Products Market
26. South America Welding Products Market
27. Brazil Welding Products Market
28. Middle East Welding Products Market
29. Africa Welding Products Market
30. Welding Products Market Competitive Landscape and Company Profiles
31. Welding Products Market Other Major and Innovative Companies
35. Welding Products Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Welding Products Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on welding products market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for welding products? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The welding products market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Product: Stick Electrodes; Solid Wires; Flux Cored Wires; Saw Wires and fluxes; Other Products2) by Technology: Arc Welding; Resistance Welding; Oxy Fuel Welding; Laser Beam Welding; Other Technologies
3) by Application: Automotive and Transportation; Building and Construction; Marine; Other Applications
Subsegments:
1) by Stick Electrodes: Mild Steel Electrodes; Stainless Steel Electrodes; Cast Iron Electrodes2) by Solid Wires: ER70S-6 Wires; Stainless Steel Solid Wires
3) by Flux Cored Wires: Gas-Shielded Flux Cored Wires; Self-Shielded Flux Cored Wires
4) by SAW Wires and Fluxes: Submerged Arc Welding (SAW) Wires; SAW Fluxes
5) by Other Products: Welding Rods; Welding Accessories
Key Companies Mentioned: the Lincoln Electric Company; Colfax Corporation; Illinois Tool Works Inc.; Kemppi Oyj; Kiswel Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
Some of the major companies featured in this Welding Products market report include:- The Lincoln Electric Company
- Colfax Corporation
- Illinois Tool Works Inc.
- Kemppi Oyj
- Kiswel Inc.
- Obara Corporation
- Senor Metals Pvt. Ltd.
- Tianjin Bridge Welding Materials Co. Ltd.
- Elektriska Svetsnings-Aktiebolaget
- Ador Welding Ltd.
- Panasonic Life Solutions India Pvt. Ltd.
- Rofin-Sinar Technologies Inc.
- Sonics & Materials Inc.
- Fronius International GmbH
- Daihen Corporation
- Voestalpine AG
- Arcon Welding Products Private Limited
- Air Liquide SA
- Carl Cloos Schweisstechnik GmbH
- OTC DAIHEN Inc.
- Mitco Weld Products Pvt. Ltd.
- voestalpine Böhler Welding Group GmbH
- Miller Electric Mfg. Co.
- GCE Group Ltd.
- EWM AG
- Kjellberg Finsterwalde Plasma und Maschinen GmbH
- Lincoln Electric Holdings Inc.
- FZE Manufacturing Solutions LLC
- Copelands Inc.
- Harvan Manufacturing Ltd.
- Kooima Company
- PT Tech LLC
- William L Bonnell Company Inc.
- Pexco LLC
- Arcair Appliance Industrial Co. Ltd.
- Harris Calorific Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | February 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 17.54 Billion |
| Forecasted Market Value ( USD | $ 23.38 Billion |
| Compound Annual Growth Rate | 7.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 37 |
