Europe Welding Equipment & Consumables Market Outlook, 2028

Europe Welding Equipment & Consumables Market Outlook, 2028

Welding is a critical process used in the manufacturing industry. The growth of the latter has a significant impact on the former. Manufacturing is reviving in Europe, one of the regions with significant manufacturing output. Manufacturing is the European economy's backbone. The on-going Fourth Industrial Revolution (Industry 4.0) is having a global impact on manufacturing, beginning with developed countries and gradually spreading to emerging countries. The widespread use of sensors, combined with the expansion of wireless communication and networks, as well as the deployment of increasingly intelligent robots and machines, has the potential to transform European manufacturing. The region's growth has been fuelled by rising demand for a variety of welding equipment from the automotive, electronics, transportation, heavy machinery, and construction industries. Furthermore, substantial advancements in the field of energy-efficient robotic equipment have benefited the European market in recent years, as some nations have imposed rigorous energy-efficiency laws on a variety of businesses. Also, the presence of global automobile manufacturers such as BMW, Mercedes, Volkswagen, DAF Trucks, Daimler, and Fiat Chrysler Automobiles, among others, is supporting market growth during the forecast period. A digital industrial revolution holds the promise of increased production flexibility, mass customization, increased speed, higher quality, and increased productivity. This scenario has created a need to strengthen the competitiveness of the European welding industry by focusing on technology in depth.

According to the research report, ""Europe Welding Equipments and Consumables Market Outlook, 2028,"" published by Bonafide Research, the market is is projected to add USD 1555 million from 2023 to 2028. Significant growth in the construction industry, resulting from extensive residential, commercial, and industrial infrastructural development, is one of the key factors creating a positive outlook for the market. For instance, welding consumables, such as flux-cored wires and stick electrodes, are widely used in the manufacturing of various steel-based construction components and materials. Furthermore, the growing demand for innovative automobile designs that improve passenger safety and comfort is propelling market growth. Welding consumables are used to create lightweight components that improve the vehicle's overall fuel efficiency. Furthermore, the use of novel laser and ultrasonic welding techniques in the production of robotic, electric, and automotive components is expected to drive the market even further. The European Union is taking strict measures to reduce pollution levels across the region, which is resulting in the production of environmentally friendly products. This is encouraging consumables manufacturers to develop efficient products that will help to reduce pollution levels in the future while also contributing to an increase in the global welding consumables market share.

According to the report, the market is segmented into six major countries, including Germany, the United Kingdom, France, Italy, Spain, and Russia. Germany is one of the largest markets for welding equipment and consumables in Europe. The country has a long history of metalworking and a strong manufacturing sector, which drives the demand for welding equipment and consumables. The welding equipment and consumables market in Germany is dominated by a few major players, such as ESAB, Lincoln Electric, and Fronius. These companies are known for their high-quality products and innovative technologies. Germany has a strong focus on environmental sustainability, which is reflected in the welding industry. Many German companies are developing eco-friendly welding solutions, such as low-emission welding processes and recyclable welding consumables. Germany has a strong tradition of apprenticeships in the metalworking trades, including welding. This ensures that there is a steady supply of skilled welders and technicians to meet the demand for welding services and products. The German Welding Society (DVS) is one of the largest and most influential welding organisations in the world. It provides training, certification, and research services to the welding industry in Germany and beyond. Based on the equipment types, electrodes and filler metal equipment will lead the market in 2022 with over 45%.

The European welding equipment and consumables market is experiencing rapid growth due to projects in the power, pipeline, and offshore sectors. As a result of new pipelines and planned power plants, demand for welding equipment and consumables is expected to skyrocket. Efforts are being made to reduce the European Union's reliance on imported energy sources and to safeguard the EU's long-term economic and political interests. European nations are attempting to balance their economic trade, which is expected to increase maritime operations in the region. Additionally, it is expected that the expanding tourism industry will increase demand for marine leisure products, increasing shipbuilding activity in the area. This will likely have a positive impact on the expansion of welding businesses. Throughout the forecast period, the automotive industry is anticipated to be driven by the rising demand for electric and hybrid vehicles due to consumers' shifting preferences towards reasonably priced, energy-efficient plug-in cars. Companies in the welding and consumables market are investing heavily in research and development to develop new products and technologies that meet the changing needs of the market. This has led to the development of innovative products that are more efficient, cost-effective, and sustainable, which has contributed to the growth of the market. Stick electrodes are expected to dominate the market by the end of the forecast period.

Based on the end users, the building and construction segment will lead the market in 2022. Welding is commonly used to join structural steel components in buildings and construction. Steel is a popular building material in Europe because of its strength, durability, and aesthetic appeal. Welding techniques such as arc welding and gas welding are used for structural steel welding. Welding is also used in the construction of infrastructure such as bridges, tunnels, and highways. Infrastructure projects often require specialised welding techniques, such as underwater welding, which is used to join metal components in submerged environments. Welding is an essential process in building and construction in Europe, playing a vital role in the strength, durability, and safety of structures and infrastructure. For instance, the Shard is a 95-story skyscraper in London, UK, which was constructed between 2009 and 2012. Welding was extensively used in the construction of the building's steel frame, which required over 11,000 tonnes of steel. The Toulouse–Barcelona high-speed rail line (France and Spain) is one of the largest infrastructure projects in Europe, connecting Toulouse in France to Barcelona in Spain. Welding was used extensively in the construction of the rail line, including the welding of rails and the joining of steel components. Arc welding technology is highly used across the European region.

The European market seems mature and conventional techniques, such as arc welding and resistance welding are mostly employed for welding applications by a majority of the end users. Additionally, there is a growing demand for welding robots in the manufacturing industry. With their most extensive use found in the automotive industry, welding robots can easily be reprogrammed to accommodate flexible production processes. With the increasing demand for precision welding and the need for greater efficiency, automation and robotics are becoming more prevalent in the European welding industry. This trend is driven by the need to reduce labour costs, increase productivity, and improve the quality of welds. Digitalization is another emerging trend in the welding industry. This involves the use of digital technologies to improve welding processes, reduce waste, and optimise production. For example, digital welding solutions can be used to monitor and control welding parameters in real-time, ensuring consistent quality and reducing the risk of defects. The use of advanced materials in welding is also on the rise in Europe. This includes the use of high-strength alloys, composites, and other materials that require specialised welding techniques and consumables. The development of new welding equipment and consumables that can handle these materials is therefore an important trend in the industry.

There is a growing focus on sustainability in the European welding industry, with companies looking for ways to reduce their carbon footprint and promote environmental responsibility. This trend is driving the development of new welding processes and materials that are more energy-efficient and environmentally friendly. In addition to that, safety and health are also becoming increasingly important in the European welding industry. This includes the development of new safety equipment and protective gear as well as the adoption of best practises to minimise the risk of injuries and illnesses associated with welding. For many years now, the steel and metal fabrication industry in Europe has been booming. Amid the Asian takeover of labor-intensive production markets, the European fabricators have learned to adjust their operations to highly automated and qualitative production methods. Intelligent automation, high performance standards, and emerging IT connectivity were all indicators of European competitiveness. This meant adapting to a new world of automation demands and aligning a chain of engineering competences for the European welding industry and its equipment OEMs.

Companies Mentioned in this Report:
Lincoln Electric Holdings Inc, Illinois Tool Worker Inc, Kobe Steel, ltd., Air Liquide, Linde Plc, Messer GMBH, Voestalpine Bohler Welding Group GmbH, Daihen Corporation, Hyundai Welding Co., Ltd., Air Products and Chemicals, Inc., Fronius International GmbH, Kemppi Oy., Obera Group Inc., Amada Weld Tech, Swagelok Company, Carl clood Welding Technology Gmbh, Panasonic Corporation, Tianjin Bridge Welding Materials Group Co., Ltd, ESAB Corporation

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

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

Countries covered in the report:
• Germany
• United Kingdom
• France
• Spain
• Italy
• Russia

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

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

By Technology Type:
• Arc Welding
• Oxy-fuel Welding
• Others (Resistance welding, Laser beam welding, plasma arc welding, electron beam welding, Atomic Hydrogen Welding, Forge Welding, Thermite Welding, Submerged Arc Welding (SAW), Flux-cored arc welding (FCAW))

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

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

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