Welding Equipment And Consumables Market

By Type;

Stick Electrodes, Solid Wires, Flux Coiled Wires, Saw Wires and Others

By Technology Type;

Arc Welding, Resistance Welding, Oxy-Fuel Welding, Solid State Welding and Others

By Application;

Automotive, Building & Construction, Marine, Aerospace & Defense, Oil & Gas and Others

By Distribution Channel;

Direct and Indirect

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn018538472 Published Date: September, 2025 Updated Date: November, 2025

Welding Equipment & Consumables Market Overview

Welding Equipment & Consumables Market (USD Million)

Welding Equipment & Consumables Market was valued at USD 25,300.58 million in the year 2024. The size of this market is expected to increase to USD 36,103.33 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.1%.


Welding Equipment And Consumables Market

*Market size in USD million

CAGR 5.1 %


Study Period2025 - 2031
Base Year2024
CAGR (%)5.1 %
Market Size (2024)USD 25,300.58 Million
Market Size (2031)USD 36,103.33 Million
Market ConcentrationMedium
Report Pages311
25,300.58
2024
36,103.33
2031

Major Players

  • Arcon Welding
  • DAIHEN Corporation
  • Doncasters Group, Ltd.
  • ESAB Group
  • Fronius International GmbH
  • Lincoln Electric Company

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Welding Equipment And Consumables Market

Fragmented - Highly competitive market without dominant players


The Welding Equipment and Consumables Market is witnessing notable growth, fueled by expanding applications in manufacturing, automotive, and infrastructure development. More than 55% of welding processes are tied to fabrication and structural work, highlighting the sector’s crucial role in industrial advancements.

Dominance of Welding Consumables
Within the industry, welding consumables contribute nearly 60% of usage, emphasizing their pivotal role in ensuring strength, durability, and consistent weld performance. Products like electrodes, filler wires, and fluxes are integral to achieving reliable results, making them indispensable in production lines.

Adoption of Advanced Welding Equipment
Technological progress is reshaping the industry, with automated systems now integrated into around 40% of welding tasks. These solutions deliver improved precision, reduced downtime, and enhanced safety, marking a clear shift toward automation and smart manufacturing practices.

Emphasis on Productivity and Cost Reduction
Industrial users are focusing on high-performance consumables and efficient machinery, which help cut production errors by over 30%. By streamlining workflows and minimizing waste, these innovations contribute significantly to operational savings and higher productivity.

Consistent Market Expansion
The welding equipment and consumables sector continues to show strong momentum, supported by the rising reliance on advanced fabrication methods. Approximately 45% of fabrication activities now leverage modern welding technologies, demonstrating the market’s sustained progression and promising outlook.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Technology Type
    3. Market Snapshot, By Application
    4. Market Snapshot, By Distribution Channel
    5. Market Snapshot, By Region
  4. Welding Equipment & Consumables Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological Advancements
        2. Growing Construction Industry
        3. Rising Automotive Demand
      2. Restraints
        1. High Initial Costs
        2. Skilled Labor Shortage
        3. Safety Concerns
      3. Opportunities
        1. Renewable Energy Projects
        2. Emerging Markets
        3. Automation Integration

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Welding Equipment And Consumables Market, By Type, 2021 - 2031 (USD Million)
      1. Stick Electrodes
      2. Solid Wires
      3. Flux Coiled Wires
      4. Saw Wires
      5. Others
    2. Welding Equipment And Consumables Market, By Technology Type, 2021 - 2031 (USD Million)
      1. Arc Welding
      2. Resistance Welding
      3. Oxy-Fuel Welding
      4. Solid State Welding
      5. Others
    3. Welding Equipment And Consumables Market, By Application, 2021 - 2031 (USD Million)
      1. Automotive
      2. Building & Construction
      3. Marine
      4. Aerospace & Defense
      5. Oil & Gas
      6. Others
    4. Welding Equipment And Consumables Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Direct
      2. Indirect
    5. Welding Equipment & Consumables Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Lincoln Electric Holdings, Inc.
      2. ESAB
      3. Air Liquide
      4. Illinois Tool Works Inc.
      5. Fronius International GmbH
      6. Kemppi Oy
      7. Panasonic Holdings Corporation
      8. DAIHEN Corporation
      9. voestalpine AG
      10. Colfax Corporation
      11. Obara Corporation
      12. Hyundai Welding Co., Ltd.
      13. voestalpine Bohler Welding GmbH
      14. Shenzhen Megmeet Electric Co., Ltd.
      15. Jiangsu Huaide Electric Co., Ltd.
  7. Analyst Views
  8. Future Outlook of the Market