Welding Equipment, Accessories, and Consumables Market Expansion Continues, with Forecast Valuation of $37.28 Billion by 2029

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Welding Equipment, Accessories, and Consumables Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the market for welding equipment, accessories, and consumables has witnessed significant expansion. The market size is projected to escalate from $26.36 billion in 2024 to $28.23 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.1%. The surge during the previous period can be traced back to the growing demands from repair and maintenance services, the flourishing steel industry, a rise in demand from various other industries, the expanding automotive sector, and the upward trend in infrastructure development.

Welding Equipment, Accessories, and Consumables Market Size Forecast: What's the Projected Valuation by 2029?
Sturdy expansion is forecasted for the welding equipment, accessories, and consumables market over the forthcoming years, with an estimated value of $37.28 billion by 2029, reflecting a compound annual growth rate (CAGR) of 7.2%. The anticipated expansion in the prediction period is linked to renewable energy initiatives, a surge in worldwide construction, the advent of electric vehicles, investments in the oil and gas sector, and an increased need for efficient and high-performance welding solutions. Key emerging trends within this period include technological advancements in welding equipment and consumables, digitalisation and automation, integration of IoT in welding apparatus, eco-friendly welding consumables, and a shift towards lightweight materials.

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What Are the Drivers Transforming the Welding Equipment, Accessories, and Consumables Market?
The welding equipment accessories and consumables market is projected to grow due to the increasing needs of the steel industry. Increased needs for welded metals in the fabrication sector, along with the use of welding equipment in stick welding, tungsten inert gas (TIG) welding, and metal inert gas (MIG) welding, are propelling this growth. For example, the Belgium-based World Steel Association anticipates a 0.4% increase in steel demand in 2022, amounting to 1,840.2 million metric tons. In 2023, this figure is expected to climb by a further 2.2%, reaching 1,881.4 million metric tons. Thus, the expanding need for steel is fueling the growth of the welding equipment accessories and consumables market.

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What Long-Term Trends Will Define the Future of the Welding Equipment, Accessories, and Consumables Market?
Top players in the welding equipment, accessories, and consumables market are concentrating their efforts towards the creation of portable welding machines. This is aimed at increasing user convenience and accessibility, providing the opportunity for on-the-spot welding applications across different sectors. Such portable machines are lightweight and designed for easy transportation and functionality in varied environments. They also feature automatic cable calibration to provide precise voltage readings pre-welding. Notably, it is equipped with the 'PowerLog' feature that provides seamless adjustment of welding current levels during the process. For example, In March 2023, Kemppi GmbH, a manufacturing firm based in Finland, unveiled Master M 205 and Master M 323 - portable welding machinery. Both models possess an intuitive Weld Assist, which eases parameter adjustments allowing users to select material thickness, joint type, and welding position swiftly. They also incorporate a clearly visible 5-inch LCD screen for usage in tight corners. Furthermore, the self-powered LED lights heighten safety under dim light conditions. Importantly, these machines can function with or without the support of mains power, thus enhancing their adaptability in numerous workplaces.

Which Segments in the Welding Equipment, Accessories, and Consumables Market Offer the Most Profit Potential?
The welding equipment, accessories, and consumables market covered in this report is segmented -

1) By Technology: Arc Welding, Oxy-fuel Welding, Other Technologies
2) By Equipment Type: Welding Electrode, Filler Metal, Oxy-fuel Gas
3) By Application: Automotive, Building And construction, Heavy Engineering, Railway And Shipbuilding, Oil And Gas, Other Applications

Subsegments:
1) By Arc Welding: Shielded Metal Arc Welding (SMAW), Gas Metal Arc Welding (GMAW), Gas Tungsten Arc Welding (GTAW)
2) By Oxy-Fuel Welding: Oxy-Acetylene Welding, Oxy-Propane Welding
3) By Other Technologies: Laser Welding, Electron Beam Welding, Friction Welding

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Which Firms Dominate the Welding Equipment, Accessories, and Consumables Market by Market Share and Revenue in 2025?
Major companies operating in the welding equipment, accessories, and consumables market include Air Liquide S. A., British Oxygen Company, Bug-O Systems Inc., Carl Cloos Schweisstechnik GmbH, Cavagna Group UK Ltd., Colfax Corporation, Daihen Corporation, GCE Holding AB, Gentec Corporation, Illinois Tool Works Inc., Kobe Steel Ltd., Koike Aronson Inc., Lincoln Electric Holdings Inc., Linde plc, Matheson Tri-Gas Inc., Elektriska Svetsnings-Aktiebolaget, Fronius International GmbH, Kemppi Oy, Obara Corporation, Panasonic Corporation, ARCON Welding Equipment LLC, Costruzioni Elettromeccaniche Annettoni S. p. A., Ewm Ag, Hyundai Welding Co. Ltd., Kjellberg Finsterwalde Plasma und Maschinen GmbH, Lorch Schweißtechnik GmbH, Miller Electric Mfg LLC, OTC Daihen Corporation, Rofin-Sinar Technologies Inc., Soyer GmbH, Voestalpine Böhler Welding GmbH, Welding Alloys Group Ltd.

Which Regions Offer the Highest Growth Potential in the Welding Equipment, Accessories, and Consumables Market?
Asia-Pacific was the largest region in the welding equipment accessories and consumables market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the welding equipment, accessories, and consumables market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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