What is the global market size of the U.S. Welding Consumables Market?

U.S. Welding Consumables Market size was valued at USD 2.43 billion in 2021 and is poised to grow from USD 2.5 billion in 2022 to USD 3.45 billion by 2030, growing at a CAGR of 4.1% in the forecast period (2023-2030).

U.S. Welding Consumables Market Size, Share, Growth Analysis, By product(Stick Electrodes, Solid Wires), By Technology(Arc Welding, Resistance Welding) - Industry Forecast 2024-2031

Report ID: SQMIC20E2090 | Region: Country | Published Date: April, 2024
Pages: 202 | Tables: 63 | Figures: 76

U.S. Welding Consumables Market Competitive Landscape

U.S. Welding Consumables Market Top Player's Company Profiles

Lincoln Electric Holdings, Inc.
ESAB (a subsidiary of Colfax Corporation)
Illinois Tool Works Inc.
The Harris Products Group
voestalpine Böhler Welding USA, Inc.
ITW Welding (a subsidiary of Illinois Tool Works Inc.)
Air Liquide S.A.
Arcon Welding Equipment
Kobe Steel, Ltd.
Sandvik AB
Avesta Welding
Bohler Welding Group USA, Inc.
Welding Alloys Ltd.
UTP Maintenance
Genstar Capital (the parent company of Uniweld Products, Inc.)
American Torch Tip Company
Select-Arc, Inc.
Atlantic China Welding Consumables, Inc.
Weldcote Metals
Tregaskiss (a subsidiary of ITW Welding)

U.S. Welding Consumables Market Recent Developments

In January 2021, In order to design consumables for the former's hard-face welding, Welding Alloys Group worked with Intellegens Limited.

U.S. Welding Consumables Market Report Snapshots

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U.S. Welding Consumables Market size was valued at USD 2.5 billion in 2022 and is poised to grow from USD 2.6 billion in 2023 to USD 3.59 billion by 2031, at a CAGR of 4.1% during the forecast period (2024-2031).

U.S. welding consumables market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. Moreover, Key players in the United States are collaborating with several associations to train welders in advanced technologies such as resistance spot welding, hybrid welding, and others. 'Lincoln Electric Holdings, Inc.', 'ESAB (a subsidiary of Colfax Corporation)', 'Illinois Tool Works Inc.', 'The Harris Products Group', 'voestalpine Böhler Welding USA, Inc.', 'ITW Welding (a subsidiary of Illinois Tool Works Inc.)', 'Air Liquide S.A.', 'Arcon Welding Equipment', 'Kobe Steel, Ltd.', 'Sandvik AB', 'Avesta Welding', 'Bohler Welding Group USA, Inc.', 'Welding Alloys Ltd.', 'UTP Maintenance', 'Genstar Capital (the parent company of Uniweld Products, Inc.)', 'American Torch Tip Company', 'Select-Arc, Inc.', 'Atlantic China Welding Consumables, Inc.', 'Weldcote Metals', 'Tregaskiss (a subsidiary of ITW Welding)', 'In January 2021, In order to design consumables for the former's hard-face welding, Welding Alloys Group worked with Intellegens Limited.'

Increased demand for welding consumables across industry verticals will drive the market growth. The use of SAW and fluxes, stick electrodes, solid wires, and other materials is expanding rapidly in the aerospace, railway, construction, shipbuilding, and defence industries. This is because these products are frequently coated with copper to prevent oxidation and corrosion, even when welding thick materials and alloys. Construction and infrastructure, as well as railways, are expanding rapidly as a result of increased urbanisation. For example, AGC, the leading construction association in the United States, stated that the construction industry in the United States creates nearly USD 1.3 trillion in structures each year. Furthermore, federal investments in the railway industry in California and across the country totaled billions of dollars as a result of procurement policies for programmes such as the implementation of the Next-Generation Corridor and high-speed intercity passenger rail initiatives. The expansion of these key industries is expected to increase the demand for consumables across a variety of industry verticals.

Automotive vendors across the United States are lowering vehicle weight by replacing metal parts with fabric materials to reduce fuel consumption, emissions, and noise pollution, thereby supporting in-line production processes. Furthermore, market participants are employing advanced welding technologies such as laser beam, resistance spot, MIG & TIG, friction, and oxy fuel welding, as well as welding consumables designed specifically for these technologies. For example, the Lincoln Electric Company provides auto manufacturers with aluminium MIG wires and stainless steel metal-cored wires that are specifically designed for automotive exhaust systems such as catalytic converters, body panels, truck panels, and others. As a result, the aforementioned welding techniques are supporting future market growth.

This market is expected to grow significantly over the forecast period. The rising government incentives, the expansion of construction and railways, and the high consumption of steel for various applications are all contributing to the growth. Furthermore, OEMs are implementing technologies such as resistance, oxy-fuel, ultrasonic, and stir welding techniques, as well as the Internet of Things (IoT) across industries to supplement the growth of the welding consumables market. Furthermore, governments are enacting new industrial policies and investment plans in response to the opportunities presented by new industrial revolutions, such as cross-border and foreign direct investment (FDI). As a result, welding consumable manufacturers will have numerous opportunities in the near future.

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U.S. Welding Consumables Market Size, Share, Growth Analysis, By product(Stick Electrodes, Solid Wires), By Technology(Arc Welding, Resistance Welding) - Industry Forecast 2024-2031

U.S. Welding Consumables Market Competitive Landscape

U.S. Welding Consumables Market Report Snapshots

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