Welding Equipment, Accessories & Consumables Market Size, Forecasting Share And Scope For 2023-2029

Published: 2023-08-23
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Author: mahesh07
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Welding Equipment, Accessories & Consumables Market Size, Forecasting Share And Scope For 2023-2029

Welding Equipment, Accessories & Consumables Market Synopsis:

The report on the Welding Equipment, Accessories & Consumables Market presents an exhaustive analysis to define its target audience, incorporating insights into market dimensions and profiles of prominent key players. The study encompasses a comprehensive scrutiny of the Welding Equipment, Accessories & Consumables Market, coupled with an exploration of the factors influencing geographical differentials in market expansion.

Market Extent: The comprehensive market study, encompassing predictions of market dimensions, statistical computations, market segmentation, anticipatory trends, and data triangulation, has been completed. Thorough primary research has been conducted to accumulate, verify, and corroborate pivotal figures. This stage plays a pivotal role in target market selection, new product conceptualization, and discovery of fresh market segments. In order to furnish essential insights throughout the study, all data amassed during the market progression is subjected to thorough qualitative and quantitative analysis.

2022 Market Value: USD 27.08 Billion
2029 Market Value: USD 37.35 Billion
CAGR : 4.7 %
Forecast Period : 2023-2029

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Regional Appraisal:

The regional analysis of the Welding Equipment, Accessories & Consumables market encompasses specific market propellers and alterations in market regulations influencing present and future market tendencies. Businesses engaged in operations need to fathom the characteristics of these specific markets and gauge whether tailored marketing strategies are requisite. The evaluation of the geographic market is underpinned by prevailing scenarios and trends. Enterprises conducting global operations must assimilate the dynamics of these specific markets and determine the necessity for specialized marketing methodologies.

Market Segment Analysis

The electrodes & filler metal equipment segment held the largest share of % in 2022. Welding electrodes join two metals together. A current is passed through electrodes to connect two metal components together in arc welding. The electrode is either consumable or non-consumable, depending on the technique used. Consumable electrodes are necessary for gas metal arc welding or shielded metal arc welding, whereas non-consumable electrodes are required for welding metals with gas tungsten arc welding. Metals including mild steel, cast iron, and stainless steel are commonly used for stick welding. Stick welding is a manual arc welding procedure that uses flux-coated consumable electrodes to place the weld.

by Equipment

Electrodes & Filler Metal Equipment
Oxy-fuel Gas Equipment
Other Equipment

by Accessory

Protective Gear
Gas Manifolds
Flow Controllers
Gas Panels
Gas Flow Meters
Gas Regulators
Gas Cabinets
Gas Filters
Check Valves

Market Key Players are

1. Lincoln Electric Holdings
2. Colfax Corporation
3. Illinois Tool Works Inc.
4. Kobe Steel Ltd
5. Air Liquide S.A
6. ACRO Automation Systems Inc.
7. ARCON Welding Equipment
8. Banner Welding Inc.
9. voestalpine Böhler
10.Carl Cloos Schweisstechnik
11.Daihen Corporation
12.Panasonic Industry Europe
13.Coherent-ROFIN.
14.Praxair
15.Emerson Electric Co.
16.Forward Sonic Tech Co. Ltd.
17.Herrmann Ultraschalltechnik
18.Kormax System Inc.
19.Nippon Avionics Co. Ltd.
20.Schunk GmbH
21.Sonics & Materials, Inc.
22.Sonobond Ultrasonics, Inc.
23.TECH-SONIC Inc.
24.Telsonic AG

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COVID-19 Impact Evaluation on Welding Equipment, Accessories & Consumables Market:

The global economy bore a significant impact from the COVID-19 pandemic, with healthcare services and associated industries experiencing substantial disruptions. The Welding Equipment, Accessories & Consumables market, in particular, witnessed both adverse and positive effects. The heightened demand for medical professionals had a favorable impact on market growth. However, manufacturers in the Welding Equipment, Accessories & Consumables sector, as well as companies within the industry, encountered considerable setbacks during the pandemic. The repercussions of COVID-19 were experienced across urban and rural areas alike. The outbreak, initially concentrated in major metropolitan centers, eventually affected both rural and urban populations. Moreover, there was a surge in interest in online medical services and therapies. Import-export restrictions due to lockdowns affected the Welding Equipment, Accessories & Consumables market's dynamics.

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size and Forecast by different segment | 2022−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation – A detailed analysis by Product Type , Application , Form and Distribution Channel
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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