Welding Consumables Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to welding consumables market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Welding Consumables Market News

  • In March 2024, The Welding Institute (TWI) launched a groundbreaking self-healing welding wire technology. This revolutionary development aims to improve the longevity and safety of welded structures. The self-healing properties of the wire allow it to repair minor cracks or damage automatically during the welding process, resulting in improved structural integrity and lower maintenance costs for industrial applications.
  • In February 2024, ESAB Corporation, a global leader in welding and cutting technologies, introduced its new Aristo® 1000R Welding Power Source. This innovative power source is designed for high-precision applications, offering greater energy efficiency and ease of integration with automated welding systems. The new product enhances welding performance while reducing operational costs, especially for industries like automotive and shipbuilding.
  • In January 2024, Lincoln Electric Holdings, Inc., a US-based welding manufacturing company, launched the Mechanized Pipeliner AutoShield. The AutoShield is designed to handle fill, and cap passes without needing shielding gas, using a mechanized orbital system that boosts efficiency and performance in tough welding conditions.
  • In April 2023, Welding Alloys Group, a UK-based manufacturer of welding consumables acquired Premier Technical Ltd for an undisclosed amount. With this acquisition, Welding Alloys aims to expand and strengthen their presence in the UK market and to serve better for their customers by broadening its portfolio to better serve industries such as mining, cement, power generation, and steelmaking. Premier Technical Ltd., is a UK-based company that provides welding equipment.
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Global Welding Consumables Market size was valued at USD 12.98 Billion in 2023 and is poised to grow from USD 13.40 Billion in 2024 to USD 19.95 Billion by 2032, growing at a CAGR of 5.1% in the forecast period (2025-2032).

The global welding consumables industry is highly competitive, with several key players leading the charge in innovation, quality, and technological advancements. These companies focus on improving welding processes, reducing operational costs, and enhancing safety standards across a variety of industries, including automotive, aerospace, construction, and manufacturing. The competitive landscape is shaped by the increasing adoption of automation, digital technologies, and sustainable practices. Companies are constantly investing in R&D to develop high-performance welding materials, advanced welding systems, and integrated solutions that address the evolving needs of their customers. 'Lincoln Electric Holdings, Inc.', 'ESAB Corporation', 'Kemppi Oy', 'The Welding Institute (TWI)', 'Panasonic Welding Systems', 'Air Products and Chemicals, Inc.', 'Miller Electric Mfg. LLC', 'Oerlikon Metco', 'Fronius International GmbH', 'Hyundai Welding Co., Ltd.', 'Kobe Steel Ltd.', 'Migatronic A/S', 'Tama Aerial Systems', 'KEMPPI WELDING TECHNOLOGIES', 'Weldcote Metals, Inc.'

A surge in the use of welding robots acts as a significant driver propelling the welding consumables market. Welding robots are renowned for their exceptional precision and effective mitigation of safety concerns. Moreover, their capacity for precise repeatability significantly reduces the time required for the mass production of various items. Manufacturers also attest that employing welding robots optimizes quality while simultaneously minimizing manufacturing costs. Furthermore, their ability to facilitate easy offline program generation and seamless importation of third-party paths enables customers to swiftly transition solid models from the digital realm to real-world applications.

What Role Does North America Play in Market Growth?

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Global Welding Consumables Market
Welding Consumables Market

Report ID: SQMIG20E2116

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