Welding Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Welding Market
The welding market size was valued at USD 23.75 billion in 2022, and the market is now projected to grow from USD 24.73 billion in 2023 to USD 34.18 billion by 2030, exhibiting a CAGR of 4.7 % during the forecast period of 2023-2030.
The COVID-19 pandemic drastically disrupted the fabrication and production industry, main to a sharp decline in production operations and sales. Nationwide lockdowns and shutdowns of non-essential production resulted in decreased production ability and financial downturn throughout the world.
The automobile and aeronautic industries heavily utilize becoming a member of strategies which include resistance spot, seam, and friction welding, riding marketplace increase. The shift from riveting to more sturdy becoming a member of strategies, like friction stir welding and laser methods, complements structural integrity and price-efficiency. Investments by way of global automobile producers in superior fabrication techniques similarly bolster industry expansion.
The use of augmented fact (AR) in becoming a member of methods is revolutionizing the fabrication industry by means of enhancing education and great assessment. Companies like Miller Electric Mfg. LLC and Fronius International GmbH provide advanced AR-based totally weld simulation structures, improving sensible training for technicians and college students. These answers provide practical simulations, motion pictures, scripts, and mobile alternatives, making training greater on hand and effective.
Comprehensive Analysis of Welding Market
The welding market growth is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the industry. These segmentations are methodically segregated By Product Type Analysis, By Welding Type Analysis and By Application Analysis. By Product Type Analysis include equipment and consumables. By Welding Type Analysis include arc, resistance, oxy-acetylene gas, solid state. By Application Analysis include automotive, building & construction, heavy engineering, railway & shipbuilding, oil & gas, and others.
The Asia Pacific region lead the welding share by benefitting a market size of USD 8.29 billion in 2022 due to the local registered and unregistered manufacturers and rising construction and heavy engineering industries, majorly in China, Japan, and India.
The top gamers inside the market play a critical role in the industry assuring market boom and placing marketplace standards. These players include Lincoln Electric (U.S.), KOBE STEEL, LTD (Japan), ESAB (U.S.), Fronius International GmbH (Austria), ZULFI (Saudi Arabia), KISWEL CO., LTD. (South Korea), CS HOLDINGS CO., LTD. (South Korea), RME MIDDLE EAST (UAE), voestalpine BÖHLER Edelstahl GmbH (Austria), capilla GmbH (Germany), Tianjin Golden Bridge Welding Materials Group International Trading Co., Ltd. (China), Miller Electric Mfg. LLC (U.S.) these market players provide a level-playing competitive landscape.
In Feburary 2023 TriMas made an agreement to acquire the net operating assets of Weldmac Manufacturing, a manufacturer of metal fabricated assemblies and components for aerospace and defense.
Segmentation Table
Attribute Details
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 4.5% from 2023 to 2030
Unit Value (USD Billion)
Segmentation By Type
Stick Electrodes
Solid Wires
Flux-cored Wires
SAW Wires & Fluxes
By Welding Technique
Arc Welding
Resistance Welding
Oxy-fuel Welding
Solid State Welding
Others (Electron Beam Welding)
By Application
Automotive
Building & Construction
Heavy Engineering
Railway & Shipbuilding
Oil & Gas
Others (Aerospace)
By Region
North America (By Type, By Welding Technique, By Application, and By Country)
U.S. (By Type)
Canada (By Type)
Europe (By Type, By Welding Technique, By Application, and By Country)
U.K. (By Type)
Germany (By Type)
France (By Type)
Italy (By Type)
Spain (By Type)
Rest of Europe
Asia Pacific (By Type, By Welding Technique, By Application, and By Country)
China (By Type)
Japan (By Type)
India (By Type)
Southeast Asia (By Type)
Rest of Asia Pacific
Middle East and Africa (By Type, By Welding Technique, By Application, and By Country)
GCC Countries (By Type)
South Africa (By Type)
Rest of Middle East and Africa
Latin America (By Type, By Welding Technique, By Application, and By Country)
Brazil (By Type)
Mexico (By Type)
Rest of Latin America
Please Note: It will take 5-6 business days to complete the report upon order confirmation.
- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 3.3. Impact of COVID-19
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global Countertop Market Key Players Market Share/Ranking, 2022
- 5. Global Countertop Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2030
- 5.1. Key Findings
- 5.2. By Material Type (USD)
- 5.2.1. Natural Stone
- 5.2.2. Engineered Stone
- 5.2.3. Concrete
- 5.2.4. Solid Surfaces
- 5.2.5. Plastic Laminate
- 5.2.6. Ceramic
- 5.2.7. Wood
- 5.3. By Construction Activity (USD)
- 5.3.1. New Construction
- 5.3.2. Renovation
- 5.4. By Application (USD)
- 5.4.1. Kitchen
- 5.4.2. Bathroom
- 5.4.3. Others (General Workrooms, etc.)
- 5.5. By End User (USD)
- 5.5.1. Residential
- 5.5.2. Commercial
- 5.5.2.1. Research Laboratories
- 5.5.2.2. Retail
- 5.5.2.3. Hotels/Restaurant
- 5.5.2.4. Others (Educational Environments, etc.)
- 5.6. By Region (USD)
- 5.6.1. North America
- 5.6.2. Europe
- 5.6.3. Asia Pacific
- 5.6.4. Middle East & Africa
- 5.6.5. Latin America
- 6. North America Countertop Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2030
- 6.1. Key Findings
- 6.2. By Material Type (USD)
- 6.2.1. Natural Stone
- 6.2.2. Engineered Stone
- 6.2.3. Concrete
- 6.2.4. Solid Surfaces
- 6.2.5. Plastic Laminate
- 6.2.6. Ceramic
- 6.2.7. Wood
- 6.3. By Construction Activity (USD)
- 6.3.1. New Construction
- 6.3.2. Renovation
- 6.4. By Application (USD)
- 6.4.1. Kitchen
- 6.4.2. Bathroom
- 6.4.3. Others (General Workrooms, etc.)
- 6.5. By End User (USD)
- 6.5.1. Residential
- 6.5.2. Commercial
- 6.5.2.1. Research Laboratories
- 6.5.2.2. Retail
- 6.5.2.3. Hotels/Restaurant
- 6.5.2.4. Others (Educational Environments, etc.)
- 6.6. By Country (USD)
- 6.6.1. U.S.
- 6.6.1.1. By Material Type
- 6.6.1.1.1. Natural Stone
- 6.6.1.1.2. Engineered Stone
- 6.6.1.1.3. Concrete
- 6.6.1.1.4. Solid Surfaces
- 6.6.1.1.5. Plastic Laminate
- 6.6.1.1.6. Ceramic
- 6.6.1.1.7. Wood
- 6.6.2. Canada
- 6.6.2.1. By Material Type
- 6.6.2.1.1. Natural Stone
- 6.6.2.1.2. Engineered Stone
- 6.6.2.1.3. Concrete
- 6.6.2.1.4. Solid Surfaces
- 6.6.2.1.5. Plastic Laminate
- 6.6.2.1.6. Ceramic
- 6.6.2.1.7. Wood
- 7. Europe Countertop Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2030
- 7.1. Key Findings
- 7.2. By Material Type (USD)
- 7.2.1. Natural Stone
- 7.2.2. Engineered Stone
- 7.2.3. Concrete
- 7.2.4. Solid Surfaces
- 7.2.5. Plastic Laminate
- 7.2.6. Ceramic
- 7.2.7. Wood
- 7.3. By Construction Activity (USD)
- 7.3.1. New Construction
- 7.3.2. Renovation
- 7.4. By Application (USD)
- 7.4.1. Kitchen
- 7.4.2. Bathroom
- 7.4.3. Others (General Workrooms, etc.)
- 7.5. By End User (USD)
- 7.5.1. Residential
- 7.5.2. Commercial
- 7.5.2.1. Research Laboratories
- 7.5.2.2. Retail
- 7.5.2.3. Hotels/Restaurant
- 7.5.2.4. Others (Educational Environments, etc.)
- 7.6. By Country (USD)
- 7.6.1. U.K.
- 7.6.1.1. By Material Type
- 7.6.1.1.1. Natural Stone
- 7.6.1.1.2. Engineered Stone
- 7.6.1.1.3. Concrete
- 7.6.1.1.4. Solid Surfaces
- 7.6.1.1.5. Plastic Laminate
- 7.6.1.1.6. Ceramic
- 7.6.1.1.7. Wood
- 7.6.2. Germany
- 7.6.2.1. By Material Type
- 7.6.2.1.1. Natural Stone
- 7.6.2.1.2. Engineered Stone
- 7.6.2.1.3. Concrete
- 7.6.2.1.4. Solid Surfaces
- 7.6.2.1.5. Plastic Laminate
- 7.6.2.1.6. Ceramic
- 7.6.2.1.7. Wood
- 7.6.3. France
- 7.6.3.1. By Material Type
- 7.6.3.1.1. Natural Stone
- 7.6.3.1.2. Engineered Stone
- 7.6.3.1.3. Concrete
- 7.6.3.1.4. Solid Surfaces
- 7.6.3.1.5. Plastic Laminate
- 7.6.3.1.6. Ceramic
- 7.6.3.1.7. Wood
- 7.6.4. Italy
- 7.6.4.1. By Material Type
- 7.6.4.1.1. Natural Stone
- 7.6.4.1.2. Engineered Stone
- 7.6.4.1.3. Concrete
- 7.6.4.1.4. Solid Surfaces
- 7.6.4.1.5. Plastic Laminate
- 7.6.4.1.6. Ceramic
- 7.6.4.1.7. Wood
- 7.6.5. Spain
- 7.6.5.1. By Material Type
- 7.6.5.1.1. Natural Stone
- 7.6.5.1.2. Engineered Stone
- 7.6.5.1.3. Concrete
- 7.6.5.1.4. Solid Surfaces
- 7.6.5.1.5. Plastic Laminate
- 7.6.5.1.6. Ceramic
- 7.6.5.1.7. Wood
- 7.6.6. Rest of Europe
- 8. Asia Pacific Countertop Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2030
- 8.1. Key Findings
- 8.2. By Material Type (USD)
- 8.2.1. Natural Stone
- 8.2.2. Engineered Stone
- 8.2.3. Concrete
- 8.2.4. Solid Surfaces
- 8.2.5. Plastic Laminate
- 8.2.6. Ceramic
- 8.2.7. Wood
- 8.3. By Construction Activity (USD)
- 8.3.1. New Construction
- 8.3.2. Renovation
- 8.4. By Application (USD)
- 8.4.1. Kitchen
- 8.4.2. Bathroom
- 8.4.3. Others (General Workrooms, etc.)
- 8.5. By End User (USD)
- 8.5.1. Residential
- 8.5.2. Commercial
- 8.5.2.1. Research Laboratories
- 8.5.2.2. Retail
- 8.5.2.3. Hotels/Restaurant
- 8.5.2.4. Others (Educational Environments, etc.)
- 8.6. By Country (USD)
- 8.6.1. China
- 8.6.1.1. By Material Type
- 8.6.1.1.1. Natural Stone
- 8.6.1.1.2. Engineered Stone
- 8.6.1.1.3. Concrete
- 8.6.1.1.4. Solid Surfaces
- 8.6.1.1.5. Plastic Laminate
- 8.6.1.1.6. Ceramic
- 8.6.1.1.7. Wood
- 8.6.2. Japan
- 8.6.2.1. By Material Type
- 8.6.2.1.1. Natural Stone
- 8.6.2.1.2. Engineered Stone
- 8.6.2.1.3. Concrete
- 8.6.2.1.4. Solid Surfaces
- 8.6.2.1.5. Plastic Laminate
- 8.6.2.1.6. Ceramic
- 8.6.2.1.7. Wood
- 8.6.3. India
- 8.6.3.1. By Material Type
- 8.6.3.1.1. Natural Stone
- 8.6.3.1.2. Engineered Stone
- 8.6.3.1.3. Concrete
- 8.6.3.1.4. Solid Surfaces
- 8.6.3.1.5. Plastic Laminate
- 8.6.3.1.6. Ceramic
- 8.6.3.1.7. Wood
- 8.6.4. South Korea
- 8.6.4.1. By Material Type
- 8.6.4.1.1. Natural Stone
- 8.6.4.1.2. Engineered Stone
- 8.6.4.1.3. Concrete
- 8.6.4.1.4. Solid Surfaces
- 8.6.4.1.5. Plastic Laminate
- 8.6.4.1.6. Ceramic
- 8.6.4.1.7. Wood
- 8.6.5. Southeast Asia
- 8.6.5.1. By Material Type
- 8.6.5.1.1. Natural Stone
- 8.6.5.1.2. Engineered Stone
- 8.6.5.1.3. Concrete
- 8.6.5.1.4. Solid Surfaces
- 8.6.5.1.5. Plastic Laminate
- 8.6.5.1.6. Ceramic
- 8.6.5.1.7. Wood
- 8.6.6. Rest of Asia Pacific
- 9. Middle East & Africa Countertop Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2030
- 9.1. Key Findings
- 9.2. By Material Type (USD)
- 9.2.1. Natural Stone
- 9.2.2. Engineered Stone
- 9.2.3. Concrete
- 9.2.4. Solid Surfaces
- 9.2.5. Plastic Laminate
- 9.2.6. Ceramic
- 9.2.7. Wood
- 9.3. By Construction Activity (USD)
- 9.3.1. New Construction
- 9.3.2. Renovation
- 9.4. By Application (USD)
- 9.4.1. Kitchen
- 9.4.2. Bathroom
- 9.4.3. Others (General Workrooms, etc.)
- 9.5. By End User (USD)
- 9.5.1. Residential
- 9.5.2. Commercial
- 9.5.2.1. Research Laboratories
- 9.5.2.2. Retail
- 9.5.2.3. Hotels/Restaurant
- 9.5.2.4. Others (Educational Environments, etc.)
- 9.6. By Country (USD)
- 9.6.1. GCC
- 9.6.1.1. By Material Type
- 9.6.1.1.1. Natural Stone
- 9.6.1.1.2. Engineered Stone
- 9.6.1.1.3. Concrete
- 9.6.1.1.4. Solid Surfaces
- 9.6.1.1.5. Plastic Laminate
- 9.6.1.1.6. Ceramic
- 9.6.1.1.7. Wood
- 9.6.2. South Africa
- 9.6.2.1. By Material Type
- 9.6.2.1.1. Natural Stone
- 9.6.2.1.2. Engineered Stone
- 9.6.2.1.3. Concrete
- 9.6.2.1.4. Solid Surfaces
- 9.6.2.1.5. Plastic Laminate
- 9.6.2.1.6. Ceramic
- 9.6.2.1.7. Wood
- 9.6.3. Rest of Middle East & Africa
- 10. Latin America Countertop Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2030
- 10.1. Key Findings
- 10.2. By Material Type (USD)
- 10.2.1. Natural Stone
- 10.2.2. Engineered Stone
- 10.2.3. Concrete
- 10.2.4. Solid Surfaces
- 10.2.5. Plastic Laminate
- 10.2.6. Ceramic
- 10.2.7. Wood
- 10.3. By Construction Activity (USD)
- 10.3.1. New Construction
- 10.3.2. Renovation
- 10.4. By Application (USD)
- 10.4.1. Kitchen
- 10.4.2. Bathroom
- 10.4.3. Others (General Workrooms, etc.)
- 10.5. By End User (USD)
- 10.5.1. Residential
- 10.5.2. Commercial
- 10.5.2.1. Research Laboratories
- 10.5.2.2. Retail
- 10.5.2.3. Hotels/Restaurant
- 10.5.2.4. Others (Educational Environments, etc.)
- 10.6. By Country (USD)
- 10.6.1. Brazil
- 10.6.1.1. By Material Type
- 10.6.1.1.1. Natural Stone
- 10.6.1.1.2. Engineered Stone
- 10.6.1.1.3. Concrete
- 10.6.1.1.4. Solid Surfaces
- 10.6.1.1.5. Plastic Laminate
- 10.6.1.1.6. Ceramic
- 10.6.1.1.7. Wood
- 10.6.2. Mexico
- 10.6.2.1. By Material Type
- 10.6.2.1.1. Natural Stone
- 10.6.2.1.2. Engineered Stone
- 10.6.2.1.3. Concrete
- 10.6.2.1.4. Solid Surfaces
- 10.6.2.1.5. Plastic Laminate
- 10.6.2.1.6. Ceramic
- 10.6.2.1.7. Wood
- 10.6.3. Rest of Latin America
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. Aristech Surfaces LLC
- 11.1.1. Overview
- 11.1.1.1. Key Management
- 11.1.1.2. Headquarters
- 11.1.1.3. Offerings/Business Segments
- 11.1.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.1.2.1. Employee Size
- 11.1.2.2. Past and Current Revenue
- 11.1.2.3. Geographical Share
- 11.1.2.4. Business Segment Share
- 11.1.2.5. Recent Developments
- 11.2. Caeserstone
- 11.2.1. Overview
- 11.2.1.1. Key Management
- 11.2.1.2. Headquarters
- 11.2.1.3. Offerings/Business Segments
- 11.2.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.2.2.1. Employee Size
- 11.2.2.2. Past and Current Revenue
- 11.2.2.3. Geographical Share
- 11.2.2.4. Business Segment Share
- 11.2.2.5. Recent Developments
- 11.3. DuPont de Numerous Inc
- 11.3.1. Overview
- 11.3.1.1. Key Management
- 11.3.1.2. Headquarters
- 11.3.1.3. Offerings/Business Segments
- 11.3.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.3.2.1. Employee Size
- 11.3.2.2. Past and Current Revenue
- 11.3.2.3. Geographical Share
- 11.3.2.4. Business Segment Share
- 11.3.2.5. Recent Developments
- 11.4. Formica Group
- 11.4.1. Overview
- 11.4.1.1. Key Management
- 11.4.1.2. Headquarters
- 11.4.1.3. Offerings/Business Segments
- 11.4.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.4.2.1. Employee Size
- 11.4.2.2. Past and Current Revenue
- 11.4.2.3. Geographical Share
- 11.4.2.4. Business Segment Share
- 11.4.2.5. Recent Developments
- 11.5. Masco Corporation
- 11.5.1. Overview
- 11.5.1.1. Key Management
- 11.5.1.2. Headquarters
- 11.5.1.3. Offerings/Business Segments
- 11.5.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.5.2.1. Employee Size
- 11.5.2.2. Past and Current Revenue
- 11.5.2.3. Geographical Share
- 11.5.2.4. Business Segment Share
- 11.5.2.5. Recent Developments
- 11.6. Panolam Industries International Inc
- 11.6.1. Overview
- 11.6.1.1. Key Management
- 11.6.1.2. Headquarters
- 11.6.1.3. Offerings/Business Segments
- 11.6.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.6.2.1. Employee Size
- 11.6.2.2. Past and Current Revenue
- 11.6.2.3. Geographical Share
- 11.6.2.4. Business Segment Share
- 11.6.2.5. Recent Developments
- 11.7. Silestone
- 11.7.1. Overview
- 11.7.1.1. Key Management
- 11.7.1.2. Headquarters
- 11.7.1.3. Offerings/Business Segments
- 11.7.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.7.2.1. Employee Size
- 11.7.2.2. Past and Current Revenue
- 11.7.2.3. Geographical Share
- 11.7.2.4. Business Segment Share
- 11.7.2.5. Recent Developments
- 11.8. Strasser Steine GmbH
- 11.8.1. Overview
- 11.8.1.1. Key Management
- 11.8.1.2. Headquarters
- 11.8.1.3. Offerings/Business Segments
- 11.8.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.8.2.1. Employee Size
- 11.8.2.2. Past and Current Revenue
- 11.8.2.3. Geographical Share
- 11.8.2.4. Business Segment Share
- 11.8.2.5. Recent Developments
- 11.9. Vicostone
- 11.9.1. Overview
- 11.9.1.1. Key Management
- 11.9.1.2. Headquarters
- 11.9.1.3. Offerings/Business Segments
- 11.9.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.9.2.1. Employee Size
- 11.9.2.2. Past and Current Revenue
- 11.9.2.3. Geographical Share
- 11.9.2.4. Business Segment Share
- 11.9.2.5. Recent Developments
- 11.10. Wilsonart LLC
- 11.10.1. Overview
- 11.10.1.1. Key Management
- 11.10.1.2. Headquarters
- 11.10.1.3. Offerings/Business Segments
- 11.10.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.10.2.1. Employee Size
- 11.10.2.2. Past and Current Revenue
- 11.10.2.3. Geographical Share
- 11.10.2.4. Business Segment Share
- 11.10.2.5. Recent Developments
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