Welding Products Market Report 2026

The welding products market size has grown strongly in recent years. It will grow from $17.26 billion in 2025 to $18.46 billion in 2026 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to rising automotive and transportation production, growing infrastructure and construction projects, early adoption of arc and resistance welding technologies, increasing use of stainless steel and mild steel electrodes, demand for higher efficiency and consistent welding products.

The welding products market size is expected to see strong growth in the next few years. It will grow to $23.88 billion in 2030 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to advancements in flux cored and submerged arc welding (saw) technologies, increasing use of welding products in marine and offshore projects, rising demand for energy-efficient and eco-friendly consumables, growth in automated and semi-automated welding processes, adoption of high-quality wires and electrodes for specialty metals. Major trends in the forecast period include growing adoption of stick electrodes and solid wires, increasing use of flux cored and saw wires, expansion in automotive and transportation applications, rising demand in building and construction sector, enhanced material quality and standardization.

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.

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 June 2025, ESAB Corporation, a U.S.-based manufacturer of industrial welding equipment and consumables, reached an agreement to acquire EWM GmbH for approximately €275 million (around $317 million USD). This acquisition is aimed at expanding ESAB's global welding equipment portfolio, with a focus on heavy industrial welding systems and advanced automation, while also enhancing its technological capabilities and broadening its market presence in Europe and beyond. EWM GmbH, a Germany-based leader in premium arc welding technology, provides high-quality welding machines, components, torches, consumables, and accessories for both manual and automated welding applications.

Major companies operating in the welding products market report are 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 2025. The regions covered in the welding products market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the welding products market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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.

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