The report “Welding Equipment, Accessories & Consumables Market by Equipment, Accessory, Consumable (Electrodes & Filler Materials, Fluxes & Wires Gases), Technology (Arc Welding, Oxy-Fuel Welding ), End-Use Industry, and Region – Global Forecast to 2026” The welding equipment, accessories, and consumables market is projected to grow from USD 25.9 billion in 2021 to USD 32.5 billion by 2026, at a CAGR of 4.6% during the forecast period.
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Innovations and technological advancements in the automotive industry to cater to the growing demand from customers is expected to create higher demand for welding products which is likely to drive the global welding equipment, accessories, and consumables market during the forecast period. APAC is the fastest-growing market for welding equipment, accessories, and consumables due to growing population, favorable investment policies, growing economies, and government initiatives directed at promoting electronics and automobile industries in the region.
The Electrodes & Filler Metal Equipment segment is projected to lead the global welding equipment, accessories, and consumables market through 2026. Welding electrodes are used to weld two metals. In arc welding, a current is passed using electrodes to join two metal pieces together. Depending on the process that is adopted, the electrode is either consumable or non-consumable. Electrodes required for gas metal arc welding or shielded metal arc welding are consumable, whereas those for welding metals with gas tungsten arc welding are non-consumable Stick welding is generally used for metals such as mild steel, cast iron, and stainless steel. Stick welding is a manual arc process that needs consumable electrodes coated with flux to place the weld. Electrodes & Filler Metal Equipment widely used to create stronger joints with relative ease
The Gas filters segment is projected to grow at the highest CAGR during the forecast period.The Gas filters, by accessory, is projected to grow at the highest CAGR during the forecast period. Gas filters are used to filter out dust and debris from the gas and allow the filtered gas to flow through the equipment. This property of gas filters prevents damage to solenoids and guns used for welding metals in welding equipment. The demand for Gas filters is expected to increase, due to the demand from end-use industries.
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303 – Tables
50 – Figures
264 – Pages
Key players operating in the welding equipment, accessories, and consumables market are Lincoln Electric Holdings, Inc (US), Colfax Corporation (US), Illinois Tool Works Inc. (US), Kobe Steel Ltd (Japan), and Air Liquide S.A( France). These players have adopted various growth strategies to expand their global presence and increase their market share.
Lincoln Electric Holdings, Inc. (Lincoln Electric) is engaged in the manufacturing of arc welding equipment, consumable welding products, and other welding and cutting products. Its welding products include arc welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes, and fluxes. The company also offers computer numeric controlled (CNC) plasma and oxy-fuel cutting systems, and regulators and torches used in oxy-fuel welding, cutting, and brazing. Lincoln Electric’s products cater to the automotive, oil & gas, construction, infrastructure, and shipbuilding industries. Lincoln Electric operates across Europe, the Americas, Asia Pacific, the Middle East, and Africa.
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Colfax Corp. operates as a diversified technology company that supplies its products to government and commercial consumers around the world. The main subsidiary of Colfax Corporation is ESAB, based in the UK. ESAB has 26 manufacturing plants in 4 continents and sales/support representatives in 80 countries. ESAB’s cutting and welding products include electrodes, cored & solid wires, and fluxes. The company provides fabrication technology equipment that ranges from portable welding machines to large, customized cutting and automated welding systems. ESAB is recognized for its expertise in manufacturing products used in the energy, machinery, power generation, fabrication, construction, ship building, transportation, and other sectors. ESAB operates with over 10,000 employees across 35 facilities worldwide.
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