Summary

Welding is a mature market in North America, serving the automotive, fabrication, shipbuilding, and infrastructure industries. The market is expanding due to increased demand for welders and welding-related equipment in many industries, such as aerospace, automotive, and construction. There are many types of welding equipment available in the sector, which includes arc welders, vertical welders, and horizontal welders. Because consumers are becoming more aware of the benefits of this equipment, demand for it is increasing. The growing popularity of green building and housing initiatives is also fuelling sector expansion. Growing demand for these products, as well as increased demand for infrastructure development, is driving sector growth. The adoption of advanced welding technologies in consumer industries is increasing, which is one of the primary reasons for the continent's smooth progression in this sector. Furthermore, the sector is being stimulated by increasingly stringent government regulations governing safety and quality standards.

According to the research report, "North American Welding Equipment and Consumables Market Outlook, 2028," published by Bonafide Research, the market was valued at USD 6.63 billion in 2022. North America has a strong manufacturing base, which is driving the growth of the welding and consumable markets. The region is home to several major manufacturing companies, which are significant consumers of welding and consumable products. Also, the adoption of automation in welding is expanding the market by increasing the efficiency and speed of the welding process. This is driving the demand for specialised welding consumables designed for use with automated welding systems. Governments in North America are investing in infrastructure development projects such as roads, bridges, and railways. This is creating a significant demand for welding and consumable products. The welding industry is constantly evolving with new and advanced technologies. The adoption of these advanced technologies, such as welding automation, laser welding, and robotic welding, is increasing, which is driving the demand for welding consumables. In addition to that, companies operating in the welding and consumables market are investing heavily in research and development to develop new and innovative products. This is expanding the market by creating new opportunities for growth.

Based on the report, the market is segmented into two types, including equipment and consumables. Among them, welding equipment is leading the market in 2022 with over 50% market share. Welding equipment, especially larger pieces of equipment like welding machines and robotic systems, typically have a longer lifespan than consumables like welding electrodes and wires. This means that the replacement demand for welding equipment is generally lower than that of welding consumables, which need to be replaced more frequently. They are typically more expensive than welding consumables, which can deter some companies from investing in new equipment. However, once the equipment is purchased, it generally lasts longer and requires less on-going investment than consumables, making it a more attractive long-term investment for some companies. Welding equipment is often customised to suit specific welding applications and industry requirements, which can be more difficult to achieve with welding consumables. This level of customization can result in higher equipment sales as companies seek out specialised welding solutions. There have been significant advancements in welding equipment technology in recent years, such as the development of digital welding systems, automation technology, and improved welding processes. This has led to a greater demand for new and advanced welding equipment among North American industries, resulting in higher sales.

According to the report, the market is segmented into three equipment types, including electrodes and filler metal equipment, oxy-fuel gas equipment, and other equipment. Among them, electrodes and filler metal equipment are leading the market with higher revenue generation in 2022. This category includes stick electrodes, flux-cored wires, solid wires, and other filler metals. In North America, this category has a significant market share as it is used across various industries like construction, automotive, and shipbuilding. However, oxy-fuel gas equipment includes gas welding and cutting equipment such as regulators, torches, and tips. Oxy-fuel gas equipment has the second largest market share in North America compared to other welding processes due to its limited application range.

Based on the technology, arc welding will emerge as the largest technology segment in 2022. The key reason driving this technology segment is the high penetration of the technology due to its ease of use across the building and construction and automotive industries. However, in addition to welding thin metal sheets, small pipes, and tubes, oxy-fuel technology is widely used for repair work. The main benefit of oxy-fuel welding technology is that the welder can control the heat input and temperature regardless of the amount of filler metal used. This technology is widely used in straightening, bending, surfacing, brazing, braze welding, and other related operations, which will drive the growth of this technology segment. The use of robots and automation in welding is becoming increasingly common in North America, as it can improve efficiency, reduce labour costs, and improve safety. The FABTECH trade show, held annually in North America, is one of the largest welding and metalworking events in the world, attracting thousands of exhibitors and attendees from around the globe.

The North American market is anticipated to showcase substantial growth in the forecast period. 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 associated with the 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. The industry's players are focusing on meeting the needs of their consumers in every way possible, which allows them to offer quality products, which in turn stimulates the growth of this sector. Adoption of innovative technologies and products is expected to support the growing adoption of welding equipment, accessories, and consumables. In terms of welding consumables, the market is typically segmented based on the type of welding process, including stick electrodes, solid wires, flux-cored wires, SAW wires and fluxes, and others. The consumables market share varies by process, with solid wires and stick electrodes being the most widely used in North America.

According to the report, the market is categorised into three major countries, including the United States, Canada, and Mexico. Among them, the United States is expected to dominate the market by the next time period. The U.S. emerged as one of the pioneers in innovation related to advanced manufacturing technologies for several manufacturing industries, such as the Internet of Things (IoT) and smart factories leading to smart products and advanced materials, which are likely to emerge as the key instruments of growth. Growing innovation in the country is expected to promote industrial manufacturing, which will fuel growth. 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. For instance, the Lincoln Electric Company, one of the key manufacturers, provides training to welders to facilitate the upskilling of existing welders. The American Welding Society (AWS) and Resistance Welding Manufacturing Alliance (RWMA) authoritatively co-developed the Certified Resistance Welding Technician (CRWT) credential’ in 2020 for welders, technicians, and skilled tradesmen to distinguish them from untested welders. This certification is revolutionising the U.S. welding industry.

Based on application, the market is categorised into automotive, fabrication, building & construction, marine, power, oil & gas, and others. Welding plays a crucial role in the automotive industry in North America. Welding is used to join various metal components together to form a vehicle's body structure and frame. Welding is used extensively in the production of a vehicle's body structure, which includes the floor pan, roof, side panels, and door frames. Resistance spot welding and laser welding are commonly used welding techniques in automotive body construction. Welding is also used to construct a vehicle's frame, which provides structural support and rigidity. Welding processes such as gas metal arc welding (GMAW) and gas tungsten arc welding (GTAW) are commonly used in frame construction. However, welding in the fabrication industry is growing with a higher CAGR in North America, as it provides the strength and durability needed for the production of a variety of products. The industry's focus on quality and efficiency has led to advancements in welding technology, such as the use of automated welding systems and the development of new welding processes, to help improve productivity and reduce costs.

Companies Mentioned in this Report:
Lincoln Electric Holdings Inc, Illinois Tool Worker Inc, Kobe Steel, ltd., Air Liquide, Linde Plc, Messer GMBH, voestalpine Bohler Welding Group GmbH, Daihen Corporation, Hyundai Welding Co., Ltd., Air Products and Chemicals, Inc., Fronius International GmbH, Kemppi Oy., Obera Group Inc., Amada Weld Tech, Swagelok Company, Carl clood Welding Technology Gmbh, Panasonic Corporation, Tianjin Bridge Welding Materials Group Co., Ltd, ESAB Corporation

Considered in this report
• Geography: North America
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• North America Welding Equipment & Consumables market with its value and forecast along with its segments
• Country-wise Welding Equipment & Consumables market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Countries covered in the report:
• United States
• Canada
• Mexico

By Equipment type:
• Electrodes & Filler Metal Equipment
• Oxy-fuel Gas Equipment
• Other Equipment

By Consumable Type:
• Stick electrodes
• Solid wires
• Flux-cored wires
• SAW wires and Fluxes
• Others (gases, rods, etc.)

By Technology Type:
• Arc Welding
• Oxy-fuel Welding
• Others (Resistance welding, Laser beam welding, plasma arc welding, electron beam welding, Atomic Hydrogen Welding, Forge Welding, Thermite Welding, Submerged Arc Welding (SAW), Flux-cored arc welding (FCAW))

By End-User:
• Automotive
• Fabrication
• Building & Construction
• Marine
• Power
• Oil & Gas
• Others (Maintenance & Repair, Offshore, Pipe Mill, Pipeline, Aerospace, etc.)

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Welding Equipment & Consumables industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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