Growth Factors of Welding Wires Market
The welding wires market size was valued at USD 9,678.4 million in 2018, and the market is now projected tgrow from USD 21,260.7 million by 2032, exhibiting a CAGR of 5.4% during the forecast period of 2023-2030.
The international construction sector has a high growth prospect due tincreasing population density and large projects funded by government and private entities. Middle Eastern countries are attracting FDIs, boosting infrastructure growth. Abu Dhabi's 2019 policy accelerates subcontractor payments, promoting industry efficiency. China's largest construction sector globally is set tgrow at 5%, driving demand for imports and materials. Rising investments are increasing the use of welding consumables, fueling the global welding wires market growth.
The global welding wires market share is driven by the growing use of resistance spot welding (RSW) across industries, especially automotive. RSW automates sheet metal welding, enhancing production efficiency. This cost-effective technique improves monitoring and reduces manual quality checks. It minimizes rejection rates, boosting demand for advanced welding solutions. Innovation in welding techniques continues tshape market growth.
Comprehensive Analysis of Welding Wires Market
The welding wires market and machinery and equipment industry is rising at an exponential rate due tits market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the machinery and equipment industry. These segmentations are methodically segregated by types and by industries. The type includes Metal Inert Gas (MIG) Wire, Tungsten Inert Gas (TIG) Wire and Others. The industry includes, Automotive, Building & Construction, Oil & Gas and Others.
The Asia Pacific region is expected texhibit the fastest CAGR for welding wires market value among all global regions during the forecast period. Growing at a consistent pace, especially the construction and automotive sectors from emerging economies such as China and India is probably taugment the demand from the end-use sectors. China remains the most significant regional market in the automotive and construction sectors’ onward development with FDI.
The top players in the market play a crucial role in the machinery and equipment industry assuring industrial prospectus growth and setting market standards. These players include, The Lincoln Electric Company, KOBE STEEL, LTD, ESAB, Ador Welding Ltd., ZULFI WELDING ELECTRODES FACTORY CO. LTD, Kiswel Ltd., Chosun Welding Co., Ltd., Gedik Welding, Tianjin Golden Bridge Welding Materials Group International Trading Co., Ltd., Capilla Welding Materials GmbH, FSH WELDING GROUP and RME MIDDLE EAST FZCO. These market players provide a level-playing competitive landscape.
In May 2019, Lincoln Electric joined Tooling U-SME tmake enhancements tenhance and develop the U/LINC welding curriculum platform for training solutions intended for welding educators and institutions.
Segmentation Table
Global Chillers Market Scope
Study Period 2015-2026
Base Year 2018
Forecast Period 2019-2026
Growth Rate CAGR of 5.4% from 2019 t2026
Historical Period 2015-2017
Unit Value (USD billion)
Segmentation By Type, Industry, and Geography
By Type
- Metal Inert Gas (MIG) Wire
- Tungsten Inert Gas (TIG) Wire
- Others (SAW Wires, etc.)
- Automotive
- Building & Construction
- Oil & Gas
- Others (Aerospace & Defence)
- North America (U.S. and Canada)
- Europe (U.K., Germany, France, Italy, and Rest of Europe)
- Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
- Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
- Latin America (Brazil, Mexico, and Rest of Latin America)
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- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Approach
- 1.3. Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Drivers, Restraints and Opportunities
- 3.2. Emerging Trends
- 4. Key Insights
- 4.1. Macro and Micro Economic Indicators
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Key Technological Developments
- 4.4. Porter’s Five Forces Analysis
- 5. Global Welding Wires Market Analysis, Insights and Forecast, 2015-2026
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecasts
- 5.2.1. By Type (Value)
- 5.2.1.1. Metal Inert Gas (MIG) Wire
- 5.2.1.2. Tungsten Inert Gas (TIG) Wire
- 5.2.1.3. Others ( SAW Wire, etc.)
- 5.2.2. By Industry (Value)
- 5.2.2.1. Automotive
- 5.2.2.2. Building & Construction
- 5.2.2.3. Oil & Gas
- 5.2.2.4. Others (Aerospace & Defence, etc.)
- 5.2.3. By Geography (Value)
- 5.2.3.1. North America
- 5.2.3.2. Europe
- 5.2.3.3. Asia Pacific
- 5.2.3.4. Middle East and Africa
- 5.2.3.5. Latin America
- 6. North America Welding Wires Market Analysis, Insights and Forecast, 2015-2026
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecasts
- 6.2.1. By Type (Value)
- 6.2.1.1. Metal Inert Gas (MIG) Wire
- 6.2.1.2. Tungsten Inert Gas (TIG) Wire
- 6.2.1.3. Others ( SAW Wire, etc.)
- 6.2.2. By Industry (Value)
- 6.2.2.1. Automotive
- 6.2.2.2. Building & Construction
- 6.2.2.3. Oil & Gas
- 6.2.2.4. Others (Aerospace & Defence, etc.)
- 6.2.3. By Country (Value)
- 6.2.3.1. United States
- 6.2.3.2. Canada
- 7. Europe Welding Wires Market Analysis, Insights and Forecast, 2015-2026
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecasts
- 7.2.1. By Type (Value)
- 7.2.1.1. Metal Inert Gas (MIG) Wire
- 7.2.1.2. Tungsten Inert Gas (TIG) Wire
- 7.2.1.3. Others ( SAW Wire, etc.)
- 7.2.2. By Industry (Value)
- 7.2.2.1. Automotive
- 7.2.2.2. Building & Construction
- 7.2.2.3. Oil & Gas
- 7.2.2.4. Others (Aerospace & Defence, etc.)
- 7.2.3. By Country (Value)
- 7.2.3.1. Germany
- 7.2.3.2. UK
- 7.2.3.3. Italy
- 7.2.3.4. France
- 7.2.3.5. Rest of Europe
- 8. Asia Pacific Welding Wires Market Analysis, Insights and Forecast, 2015-2026
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecasts
- 8.2.1. By Type (Value)
- 8.2.1.1. Metal Inert Gas (MIG) Wire
- 8.2.1.2. Tungsten Inert Gas (TIG) Wire
- 8.2.1.3. Others ( SAW Wire, etc.)
- 8.2.2. By Industry (Value)
- 8.2.2.1. Automotive
- 8.2.2.2. Building & Construction
- 8.2.2.3. Oil & Gas
- 8.2.2.4. Others (Aerospace & Defence, etc.)
- 8.2.3. By Country (Value)
- 8.2.3.1. China
- 8.2.3.2. Japan
- 8.2.3.3. India
- 8.2.3.4. Rest of Asia Pacific
- 9. Middle East and Africa Welding Wires Market Analysis, Insights and Forecast, 2015-2026
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecasts
- 9.2.1. By Type (Value)
- 9.2.1.1. Metal Inert Gas (MIG) Wire
- 9.2.1.2. Tungsten Inert Gas (TIG) Wire
- 9.2.1.3. Others ( SAW Wire, etc.)
- 9.2.2. By Industry (Value)
- 9.2.2.1. Automotive
- 9.2.2.2. Building & Construction
- 9.2.2.3. Oil & Gas
- 9.2.2.4. Others (Aerospace & Defence, etc.)
- 9.2.3. By Country (Value)
- 9.2.3.1. GCC
- 9.2.3.2. South Africa
- 9.2.3.3. Rest of Middle East and Africa
- 10. Latin America Welding Wires Market Analysis, Insights and Forecast, 2015-2026
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecasts
- 10.2.1. By Type (Value)
- 10.2.1.1. Metal Inert Gas (MIG) Wire
- 10.2.1.2. Tungsten Inert Gas (TIG) Wire
- 10.2.1.3. Others ( SAW Wire, etc.)
- 10.2.2. By Industry (Value)
- 10.2.2.1. Automotive
- 10.2.2.2. Building & Construction
- 10.2.2.3. Oil & Gas
- 10.2.2.4. Others (Aerospace & Defence, etc.)
- 10.2.3. By Country (Value)
- 10.2.3.1. Brazil
- 10.2.3.2. Mexico
- 10.2.3.3. Rest of Latin America
- 11. Competition Matrix
- 11.1. Business Strategies Adopted by Leading Players
- 12. Global Welding Wires Market Revenue Share Analysis, By Key Manufacturer, 2018
- 13. Company Profile
- 13.1. The Lincoln Electric Company
- 13.1.1. Overview
- 13.1.2. Product Portfolio
- 13.1.3. Financials
- 13.1.4. Recent Developments
- 13.2. KOBE STEEL, LTD
- 13.2.1. Overview
- 13.2.2. Product Portfolio
- 13.2.3. Financials
- 13.2.4. Recent Developments
- 13.3. ESAB
- 13.3.1. Overview
- 13.3.2. Product Portfolio
- 13.3.3. Financials
- 13.3.4. Recent Developments
- 13.4. Ador Welding Ltd.
- 13.4.1. Overview
- 13.4.2. Product Portfolio
- 13.4.3. Financials
- 13.4.4. Recent Developments
- 13.5. ZULFI WELDING ELECTRODES FACTORY CO. LTD
- 13.5.1. Overview
- 13.5.2. Product Portfolio
- 13.5.3. Financials
- 13.5.4. Recent Developments
- 13.6. Kiswel Ltd.
- 13.6.1. Overview
- 13.6.2. Product Portfolio
- 13.6.3. Financials
- 13.6.4. Recent Developments
- 13.7. Chosun Welding Co., Ltd.
- 13.7.1. Overview
- 13.7.2. Product Portfolio
- 13.7.3. Financials
- 13.7.4. Recent Developments
- 13.8. Gedik Welding
- 13.8.1. Overview
- 13.8.2. Product Portfolio
- 13.8.3. Financials
- 13.8.4. Recent Developments
- 13.9. Tianjin Golden Bridge Welding Materials Group International Trading Co., Ltd.
- 13.9.1. Overview
- 13.9.2. Product Portfolio
- 13.9.3. Financials
- 13.9.4. Recent Developments
- 13.10. Capilla Welding Materials GmbH
- 13.10.1. Overview
- 13.10.2. Product Portfolio
- 13.10.3. Financials
- 13.10.4. Recent Developments
- 13.11. FSH WELDING GROUP
- 13.11.1. Overview
- 13.11.2. Product Portfolio
- 13.11.3. Financials
- 13.11.4. Recent Developments
- 13.12. RME MIDDLE EAST FZCO
- 13.12.1. Overview
- 13.12.2. Product Portfolio
- 13.12.3. Financials
- 13.12.4. Recent Developments
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