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Driving Welding Products Market Growth in 2025: The Role of Construction Sector Expansion Fuels Welding Products Market Growth
Welding Products Market Size
Welding Products Market Size Growth Forecast: What to Expect by 2025?
In recent times, the welding products market has seen robust growth. It's projected to rise from $16.55 billion in 2024 to $17.54 billion in 2025, with a compound annual growth rate (CAGR) of 6.0%. The substantial growth in the historical period is credited to factors such as the surge in industrialization, expansion of the manufacturing sector, the growth of infrastructure projects, utilization of welding technology in the automotive sector, and the boost in construction activities.
How Will the Welding Products Market Size Evolve and Grow by 2029?
In the coming years, a robust expansion is projected in the welding products market, with its worth escalating to $23.38 billion by 2029, reflecting a compound annual growth rate (CAGR) of 7.4%. The predicted progression over the forecast period is primarily due to the escalating demand for welding products in the renewable energy sector, the broadening scope of lightweight materials across various industries, the expansion of the oil and gas industry, increasing emphasis on repair and maintenance in deteriorating infrastructure, and a heightened demand for welding products within the defense industry. Leading trends expected during the forecast period encompass the incorporation of automation and artificial intelligence, the deployment of eco-friendly welding technologies and substances, the customization of welding products for industry-specific applications, the integration of data analytics for quality control, and a shift towards more compact and portable welding equipment for enhanced flexibility.
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What Drivers Are Propelling the Growth of Welding Products Market Forward?
The boom in the construction industry is predicted to fuel the advancement of the welding products market during the forecast period. Recognized for its diverse nature, the construction sector encompasses a range of activities such as infrastructure development, building creation, and upkeep. Structural frameworks primarily constructed from metal components heavily rely on welding. The process of welding is crucial in connecting trusses, footers, steel I-beams, and columns, which hold together the walls, roof, and floors of a building. Considering the data from Intercontinental Exchange (ICE), a tech firm based in the U.S., it is predicted that the worldwide construction sector will reach the $8 trillion mark by 2030. Consequently, the swift growth in the construction sector propels the expansion of the welding products market.
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Which Emerging Trends Are Transforming the Welding Products Market in 2025?
In the welding products market, the growing trend is the advancement of technology in welding products. The leading figures in this market are crafting products that are technologically superior, offering enhanced impact wear resistance and dual abrasion to meet the needs of industries. As recent as July 2022, Vitesco Technologies, an automotive supplier specializing in drivetrain and powertrain technologies from Germany, introduced their novel green laser equipment. This new laser welding technology supports environmentally friendly manufacturing. According to its application, utilizing green lasers could reduce energy use by up to 20% and the CO2 output per laser-welded bond when compared to the conventional infrared laser systems, which have set the standard for copper welding up till now.
What Are the Key Segments in the Welding Products Market?
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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Who Are the Key Players Shaping the Welding Products Market's Competitive Landscape?
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.
What Geographic Markets Are Powering Growth in the Welding Products Market?
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
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