Colombia Welding Equipment Market Overview, 2028

Colombia Welding Equipment Market Overview, 2028

Welding has been critical to the growth of Colombia's manufacturing industry. Welding was mostly done manually in Colombia in the beginning, with simple welding tools and equipment. Welding was primarily used for machinery and equipment repairs and maintenance in industries such as agriculture, construction, and transportation. Furthermore, in the 1960s and 1970s, Colombia began to modernize its economy, and welding was an important part of that process. The use of automated welding equipment and consumables increased, and welding quality improved noticeably. Manufacturing, oil and gas, and mining were all industries that used welding. Moreover, Colombia began to develop its domestic manufacturing industry in the 1980s and 1990s. This resulted in an increase in domestic production of welding equipment and consumables. Colombian manufacturers began manufacturing welding machines, electrodes, and wire, among other items. Furthermore, Colombia became more integrated into the global economy in the 2000s and 2010s. As a result, countries such as the United States, Japan, and Germany increased their imports of welding equipment and consumables. Colombian firms have also begun to export welding products to other countries in the region.

According to the research report ""Colombia Welding Equipment and Consumables Market Overview, 2028,"" published by Bonafide Research, the Colombia Welding Equipment and Consumables market is projected to reach market size around USD 735 Billion by 2028. Colombia has made significant investments in infrastructure development, such as the construction of highways, bridges, and buildings. As welding is widely used in construction and infrastructure projects, this has resulted in an increase in demand for welding equipment and consumables. Colombia is also rich in natural resources such as coal, oil, and minerals. Growing demand for welding equipment and consumables for welding pipelines, drilling rigs, and other equipment has resulted from the mining and energy exploration industries. Furthermore, there is growing concern about welding's environmental impact, particularly in terms of emissions and waste. This has resulted in the development of new welding technologies and consumables that reduce waste and emissions, increasing demand for environmentally friendly welding equipment and consumables. Besides this, the maintenance and repair of machinery and equipment is a driving force in the Colombian welding equipment and consumables market. Many industries, including manufacturing, mining, and energy, require regular equipment maintenance and repair. As a result, there has been a steady demand for welding equipment and consumables for maintenance and repair activities.

Based on product type, the market is divided into two sections: welding equipment and welding consumables. The welding equipment segment will hold a dominant position in this market in terms of market share during the forecast period, owing to the rising trend of automated machines used in various industries such as automotive and construction to join thermoplastics, metals, and others. The welding consumables segment has the highest CAGR during the forecast period. The high demand for customised solutions for joining dissimilar and non-metallic materials, as well as the rise in steel consumption, are all factors. Furthermore, this industry is now emphasising the use of simple and cost-effective solutions to protect the work piece from the outside environment. Consumables are gaining traction in this scenario because the raw materials used to manufacture them include copper, rutile, and aluminium, all of which have high tensile strength and antioxidant properties. Based on by Technology, the market is divided into Arc weldings and oxy-fuel welding . Arc welding is expected to gain prominence in the coming years due to the increasing adoption of fusion processes and the use of high-strength low-alloy (HSLA) across various industries because it is a flexible and cost-effective process. Oxy-fuel welding technology has the highest CAGR from 2023 to 2028. Its growing use in industrial manufacturing applications The welding equipment and products used in this technology are highly cost-efficient, which promotes their implementation in welding fillet, butt, and lap joints with object thicknesses up to 5mm. Based on end users, the automotive segment will hold a dominant position in this market in terms of market share during the forecast period as the automotive industry is focusing on reducing the weight of vehicles by replacing metal parts with plastic, which requires high precision.

According to consumable, the market is divided into Stick electrodes, Solid Wires, Flux-cored wires, SAW wires and Fluxes, and Others (gases, rods, etc.). Among them, In 2022, the stick electrodes product segment held the most market share. Stick electrodes are becoming increasingly popular for welding a diverse range of components due to their ability to increase welding strength as well as their high corrosion resistance and tensile strength. During the forecast period, flux-cored wires have the highest CAGR. Flux-cored wires have greater deposition rates than other welding consumables, making them ideal for high-speed welding applications. This makes them popular in industries where productivity and efficiency are critical, such as automotive, construction, and shipbuilding. Based on equipment, electrodes and filler metal equipment have the largest market share. Electrodes and filler metal equipment are widely used in various industries, including automotive, construction, shipbuilding, and aerospace. They are essential for welding and joining different materials such as steel, aluminium, and stainless steel. The oxy-fuel welding industry has the highest CAGR during the forecast period. Oxy-fuel welding equipment is lightweight and portable, which makes it ideal for use in remote locations where electricity is not available. However, oxy-fuel welding produces a high heat input, which allows for quick welding and efficient fusion of the workpieces. This makes it suitable for welding thicker materials.

In Colombia, technical schools and vocational training programs began offering courses on welding to meet the growing demand for skilled welders. These courses covered various aspects of welding, including safety, welding theory, and practical application. Furthermore, the courses offered by technical schools and vocational training programmes varied in length and content. Some programmes offered short-term courses that focused on basic welding techniques, while others provided more comprehensive training that covered advanced welding methods and techniques. The introduction of welding training programmes and certification programmes helped improve the quality of welding in Colombia. Some popular welding schools and training programmes (Escuela de Soldadura y Tecnologa, or EST) in Colombia include Servicio Nacional de Aprendizaje (SENA), Instituto de Soldadura y Ensayos No Destructivos (ISEN), Fundación Universitaria Los Libertadores (FULL), Universidad Nacional de Colombia (UNAL), Colegio Mayor de Bolivar, and many more.
One of the main organisations in the welding equipment and consumables industry in Colombia is the Colombian Welding Society (Sociedad Colombiana de Soldadura, or SCS). The SCS is a non-profit organisation founded in 1965 with the aim of promoting the development of welding technology and knowledge in Colombia. The organisation brings together professionals, academics, and industry stakeholders in the field of welding, offering training programmes, certifications, and networking opportunities. Furthermore, the organisation is affiliated with international organisations, such as the American Welding Society (AWS) and the International Institute of Welding (IIW), and follows their guidelines and standards. In addition to the SCS, there are other industry associations in Colombia that also promote the welding equipment and consumables industry, such as the Colombian Chamber of Goods and Services for Welding (Cámara Colombiana de Bienes y Servicios para la Soldadura or CAMSOL) and the Colombian Association of Manufacturers of Welding Equipment and Consumables (Asociación Colombiana de Fabricantes de Equipos y Consumibles de Soldadura or AFEC). These organisations work to support the development of the industry and provide resources and opportunities for their members. Some of the startups that are involved in the welding equipment and consumables industry in Colombia are Welding Store, Industrias Electrofabril, PowerWeld, Comercializadora de Soldaduras y Herramientas, Weldtec, and many more.

Developments:
• ESAB Launches New Welding Machine: In February 2021, ESAB, a leading global supplier of welding equipment and consumables, launched a new welding machine called Rebel EMP 215ic. The machine is designed to be portable and easy to use, making it ideal for a wide range of welding applications.
• Colombian Welding Association Hosts Virtual Welding Conference: In March 2021, the Colombian Welding Association (ASOCOLDES) hosted a virtual conference on welding technology and innovation. The conference brought together welding experts from across Colombia to discuss the latest trends and advancements in the industry.
• Lincoln Electric Acquires Welding Distributor in Colombia: In May 2021, Lincoln Electric, a leading global supplier of welding equipment and consumables, announced that it had acquired Soldexa, a welding distributor based in Colombia. The acquisition is expected to help Lincoln Electric expand its presence in the Latin American market.
• Colombian Company Develops Portable Welding Solution: In August 2021, a Colombian company called Welding Tool developed a new portable welding solution that is designed to be easy to use and transport. The solution consists of a compact welding machine, a gas cylinder, and a welding helmet, and is intended for use in remote locations.
• New Welding Training Program Launched in Colombia: In September 2021, a new welding training program was launched in Colombia in partnership with Lincoln Electric. The program is aimed at providing training and certification to welders in Colombia, and is part of an effort to improve the quality of welding in the country.  

Considered in this report
• Geography: Colombia
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• Colombia Welding Equipment & Consumables market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Type:
• Welding Equipments
• Welding Consumables

By Equipment:
• Electrodes & Filler Metal Equipment
• Oxy-fuel Gas Equipment
• Other Equipment

By Consumable:
• Stick electrodes
• Solid wires
• Flux-cored wires
• SAW wires and Fluxes
• Others (gases, rods, etc.)

By Technology:
• Arc Welding
• Oxy-fuel Welding
• Others (Resistance welding, Laser beam welding, plasma arc welding, electron beam welding)

By end- Users:
• Automotive
• Fabrication
• Building & Construction
• Marine
• Power
• Oil & Gas
• Others (Shipbuilding, Maintenance & Repair, Offshore, Pipe Mill, Pipeline, Aerospace, etc.)

The approach of the report:
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, government-generated reports, and databases. After gathering the data from secondary sources, primary research was conducted by making telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started doing primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations and organizations related to the 3D printing industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.