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Welding products market size to reach a valuation of ~US$ 34.4 bn by 2027: TRANSPARENCY MARKET RESEARCH

Welding Products Market: Introduction

The global welding products market was valued at ~US$ 21.8 Bn in 2018 and is anticipated to expand at a CAGR of ~5% from 2019 to 2027. Rapid development in infrastructure and urbanization are key factors stimulating the expansion of the global welding products market over the assessment tenure. Welding technology find increased use in the making of buildings, bridges, pipelines and various other engineered projects across the globe.

Key Drivers of Welding Products Market

Rapid infrastructural development and technological advancements primarily in the automotive industry are anticipated to boost demand over the forecast period. Growing demand for resistant welding technology from numerous applications mainly in the automotive industry for maintenance and repair are the key factors propelling the demand for welding products.

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Automotive and Building & Construction to Foster Welding Products Market Growth

Construction industry has been flourishing for quite some time now and has evolved at a drastic pace. Urbanization due to ever expanding population has mounted pressure for more residences to be built. Rising demand for buildings is likely to trigger growth of the global welding products market over the assessment timeframe. Changes in automobile designs and rise in demand for automobiles, especially in developing countries, are likely to drive the global welding products market. Additionally, repair and maintenance of automobiles is projected to add to the global demand for welding products.

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Arc Welding Technology to Lead Welding Products Market

Key technology segments of welding products include arc welding, resistant welding, oxy-fuel welding and laser beam welding. The versatility of arc welding technique plays a key role in its overall appeal to end-users, thereby challenging the market share of other welding technology segments. Arc welding accounted for more than 40% of the global welding products market in 2018.

Shielded metal arc welding (SMAW), gas metal arc welding (GMAW) also known as metal inert gas (MIG) or metal active gas (MAG) welding, and gas tungsten arc welding (GTAW welding) are the commonly used arc welding techniques.

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Stick Electrodes to Dominate Welding Products Market

Welding consumables account for larger share of the global welding products market. Electrodes and filler metals are the key consumables used in different welding processes. Molten melt tends to spill out during the process of out-of-position welding. Electrode helps avoid the spill through fast freezing deposit. Stick electrodes are commonly used in the shielded metal arc welding (SMAW) process. Solid wires accounted for the second largest market share in the welding consumables market in 2018. The use of solid wires has been growing with increase in the use of high-performance alloys in these wires.

Asia Pacific Dominates Welding Products Market

Growth of the Asia Pacific is attributed to demand for arc welding in the numerous industries including building and construction, automobile, and manufacturing. Presence of numerous manufacturing firms across emerging countries including India and China is expected to fuel demand for welding products market. China, Japan, and India were key contributors to the welding products market in Asia Pacific in 2018. Small welding consumable suppliers are mushrooming in China, due to rise in demand for welding products in building & construction and automobile application segments.

Top Players Focus on New Product Offering with Advanced Technology

Some of the key players operating in the global Welding Products market are ESAB, Fronius International GmbH, Illinois Tool Works Inc., Lincoln Electric, Amada Miyachi America, Inc., Arcon Welding Equipment, LLC, Obara Corporation, and DAIHEN Corporation. The global welding products market is moderately concentrated, with the top three players accounting for more than 32% of the market in 2018. In 2019, Lincoln Electric introduced POWER MIG 360MP welder, which has advanced features ideal for metal fabrication, maintenance and repair, and auto body and light industrial applications. The company offers an inverter-based arc welding power source for AC/DC TIG and stick welding.

The sustainability aspects have dramatically changes the raw material sourcing strategies for many businesses in the welding products market. Players have become more responsible toward reducing or managing the waste, are adopting material informatics equipped with artificial intelligence (AI), and adopting energy-efficient production processes in order to maximize returns on invested capital.

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#Welding products market

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kstestest · 3 years

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Profile／プロフィール

ENGLISH BELOW

リサーチ・アーティスト

dot architects / 和田ながら

dot architects

家成俊勝、赤代武志により設立された建築家ユニット。大阪・北加賀屋にて、アート、オルタナティブ・メディア、アーカイブ、建築、地域研究、サークル、NPOなど、分野にとらわれない人々や組織が集まる「もうひとつの社会を実践するための協働スタジオ」コーポ北加賀屋を拠点に活動。設計、施工のプロセスにおいて専門家・非専門家に関わらず様々な人との恊働を実践している。設計だけに留まらず、現場施工、リサーチプロジェクト、アートプロジェクトなど様々な企画にもかかわる。代表作はUmaki camp（2013、小豆島）、千鳥文化（2017、大阪）など。第15回ヴェネチア・ビエンナーレ国際建築展（2016）にて審査員特別表彰を受賞（日本館出展作家）。これまでもKYOTO EXPERIMENTではデザインチームUMA / design farmとのリサーチプロジェクト「researchlight」を展開。現在のメンバーは家成俊勝、赤代武志、土井亘、寺田英史、宮地敬子、池田藍、石田知弘の7名。

https://dotarchitects.jp/

和田ながら

京都造形芸術大学芸術学部映像・舞台芸術学科卒業、同大学大学院芸術研究科修士課程修了。2011年2月に自身のユニット「したため」を立ち上げ、京都を拠点に演出家として活動を始める。日常的な視力では見逃し続けてしまう厖大な細部を言葉と身体で接写する、あるいは捉えそこないつまづくさまを連ねるように作品を制作。美術家や写真家など異なる領域のアーティストとも共同作業を行う。2015年、創作コンペティション「一つの戯曲からの創作をとおして語ろう」vol.5最優秀作品賞受賞。2018年、こまばアゴラ演出家コンクール観客賞受賞。2018年より多角的アートスペース・UrBANGUILDブッキングスタッフ。2019年より地図にまつわるリサーチプロジェクト「わたしたちのフリーハンドなアトラス」に取り組んでいる。

http://shitatame.blogspot.com/

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Research Artist

dot architects / Nagara Wada

dot architects

Founded by Toshikatsu Ienari and Takeshi Shakushiro, dot architects is an architecture firm. It is based in the Kitakagaya district of Osaka at Coop Kitakagaya, a self-styled “collaborative studio for practicing another society,” and which brings together people and organizations from across different fields and disciplines, including art, alternative media, archiving, architecture, area studies, clubs, and nonprofits. It works collaboratively with both specialists and nonspecialists during the design and construction process. Not only design, dot architects is also involved with on-site construction, research projects, art projects, and more. Its major projects include Umaki camp (2013, Shodoshima) and Chidori-Bunka (2017, Osaka). At the 15th International Architecture Exhibition of the Venice Biennale in 2016, it was one of the exhibitors in the Japan Pavilion, which was awarded a special mention. Up until now it has also developed the research project researchlight with the design team UMA / design farm at Kyoto Experiment. The collective currently has seven members: Toshikatsu Ienari, Takeshi Shakushiro, Wataru Doi, Hidefumi Terada, Keiko Miyachi, Ai Ikeda, and Tomohiro Ishida.

https://dotarchitects.jp/

Nagara Wada

Nagara Wada graduated with a degree in film and performing arts from Kyoto University of Art and Design, and then completed the art studies master’s program at the same university. Establishing shitatame in February 2011, she started working as a theater director based in Kyoto. In her practice, she creates theater that uses language and the body to zoom in on the vast amount of details that we miss in our daily lives, as if stringing together a series of failed attempts to grasp something. She collaborates with artists from such other fields as visual art and photography. In 2015, she won Best Work at the fifth edition of the Telling a Story by Creating from a Play Script competition. In 2018, she won the Audience Award at the Komaba Agora Directors Concours. Since 2018, she has served as the bookings manager for the multidisciplinary art space UrBANGUILD. From 2019, she has been involved with the cartographical research project Our Freehand Atlas

http://shitatame.blogspot.com/

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