Press release
Innovative Technological Advancements Transforming The Welding Products Market Trend: A Crucial Influence on the Welding Products Market's Transformation in 2025
Welding Products Market Size
The anticipated boom in the construction industry is predicted to fuel the welding products market's growth in the upcoming period. The construction industry comprises a plethora of tasks such as maintenance, infrastructure, and building, and it heavily relies on welding for creating sturdy structures using metal components. The process of welding is primarily employed in the assembly of steel I-beams, trusses, footers, and columns that form the foundation, walls, roof, and floors of a structure. In line with a prediction by Intercontinental Exchange (ICE), a tech company based in the US, it is expected that the global construction market will surge to $8 trillion by 2030. As a result, this growth within the construction industry propels the expansion of the welding products market.
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What is the future CAGR of the welding products market, and how will it impact industry expansion?
The market value of welding products has seen a significant increase in the past few years. It is expected to surge from $16.55 billion in 2024 to $17.54 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 6.0%. The historical growth can be linked to factors such as accelerated industrialization, expansion of the manufacturing sector, infrastructure project development, implementation of welding technology in the automotive industry, and a surge in construction activities.
The size of the welding products market is forecasted to experience significant growth in the upcoming years, expanding to a worth of $23.38 billion by 2029, with a compound annual growth rate (CAGR) of 7.4%. The predicted growth during this period can be linked to an increase in the demand for welding products within the renewable energy sector, a rising need for lightweight materials across different industry sectors, the expansion of the oil and gas industry, and a surge in repair and maintenance operations in aging infrastructure. Additionally, there has been a growing need for welding products in the defense industry. Notable trends in this period include the adoption of automated systems and artificial intelligence, environmentally-friendly welding technologies and materials, personalized welding products for specific industry applications, the incorporation of data analytics for quality control, and a shift towards more portable and compact welding equipment for added flexibility.
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What are the most significant trends transforming the welding products market today?
In the welding products market, technological innovation is an emerging trend. Key market participants are focusing on the creation of technical advancements in their products, enhancing their resistance to impact wear and combined abrasion in order to fulfill industry demands. One example would be Vitesco Technologies, an automotive supplier from Germany specializing in drivetrain and powertrain technologies, which introduced a new green laser equipment in July 2022. This new laser welding technology supports sustainable manufacturing. When utilized appropriately, green lasers can reduce energy usage by up to 20% and subsequently decrease the CO2 emissions from each laser-welded joint, as compared to conventional infrared laser systems, traditionally used for copper welding.
Which key market segments comprise the welding products market and drive its revenue growth?
The welding products market covered in this report is segmented -
1) By Product: Stick Electrodes, Solid Wires, Flux Cored Wires, Saw Wires And fluxes, Other Products
2) By Technology: Arc Welding, Resistance Welding, Oxy Fuel Welding, Laser Beam Welding, Other Technologies
3) By Application: Automotive And Transportation, Building And Construction, Marine, Other Applications
Subsegments:
1) By Stick Electrodes: Mild Steel Electrodes, Stainless Steel Electrodes, Cast Iron Electrodes
2) By Solid Wires: ER70S-6 Wires, Stainless Steel Solid Wires
3) By Flux Cored Wires: Gas-Shielded Flux Cored Wires, Self-Shielded Flux Cored Wires
4) By SAW Wires And Fluxes: Submerged Arc Welding (SAW) Wires, SAW Fluxes
5) By Other Products: Welding Rods, Welding Accessories
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What regions are at the forefront of welding products market expansion?
Asia-Pacific was the largest region in the welding products market in 2024. The regions covered in the welding products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the leading players fueling growth in the welding products market?
Major companies operating in the welding products market include The Lincoln Electric Company, Colfax Corporation, Illinois Tool Works Inc., Kemppi Oyj, Kiswel Inc., Obara Corporation, Senor Metals Pvt. Ltd., Tianjin Bridge Welding Materials Co. Ltd., Elektriska Svetsnings-Aktiebolaget, Ador Welding Ltd., Panasonic Life Solutions India Pvt. Ltd., Rofin-Sinar Technologies Inc., Sonics & Materials Inc., Fronius International GmbH, Daihen Corporation, Voestalpine AG, Arcon Welding Products Private Limited, Air Liquide SA, Carl Cloos Schweisstechnik GmbH, OTC DAIHEN Inc., Mitco Weld Products Pvt. Ltd., voestalpine Böhler Welding Group GmbH, Miller Electric Mfg. Co., GCE Group Ltd., EWM AG, Kjellberg Finsterwalde Plasma und Maschinen GmbH, Lincoln Electric Holdings Inc., FZE Manufacturing Solutions LLC, Copelands Inc., Harvan Manufacturing Ltd., Kooima Company, PT Tech LLC, William L Bonnell Company Inc., Pexco LLC, Arcair Appliance Industrial Co. Ltd., Harris Calorific Inc.
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What Is Covered In The Welding Products Global Market Report?
•Market Size Forecast: Examine the welding products market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the welding products market for a structured understanding.
•Key Players Overview: Analyze major players in the welding products market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the welding products market.
•Segment Contributions: Evaluate how different segments drive overall growth in the welding products market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the welding products market.
•Industry Challenges: Identify potential risks and obstacles affecting the welding products market.
•Competitive Landscape: Review strategic developments in the welding products market, including expansions, agreements, and new product launches.
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