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United States Welding Consumables Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A3026
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Market Overview:
The United States welding consumables market size reached US$ 2.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.6 Billion by 2028, exhibiting a growth rate (CAGR) of 3.42% during 2023-2028.
Welding consumables refer to various flux and filler metals used for combining metals and thermoplastics through welding. The filler metals used in welding are melted to fix the joints and the flux acts as a deoxidizer to prevent the formation of pores. Some of the commonly used welding consumables include stick electrodes, flux-cored wires, fluxes and submerged arc welding (SAW) wires. They are usually manufactured using iron, steel, copper, aluminum, brass, bronze and other coating materials and are extensively used across the construction, automotive, transportation and marine industries.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Significant growth in the construction industry, coupled with the increasing consumption of steel, is one of the key factors creating a positive outlook for the market in the United States. For instance, welding consumables, such as flux-cored wires and stick electrodes, are widely used in the fabrication of steel and manufacturing infrastructural components. Furthermore, the extensive adoption of innovative welding techniques in next-generation automobile designs with enhanced safety features is also contributing to the market growth. Additionally, various technological advancements, such as the development of laser and ultrasonic welding techniques, are acting as other growth-inducing factors. These techniques assist in the manufacturing of robotic, electric and automotive components with immense precision and accuracy.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the United States welding consumables market report, along with forecast at the country and regional level from 2023-2028. Our report has categorized the market based on product, welding technique and end use industries.
Breakup by Product:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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- Stick Electrodes
- Solid Wires
- Flux Cored Wires
- SAW Wires and Fluxes
- Others
Breakup by Welding Technique:
- Arc Welding
- Resistance Welding
- Oxyfuel Welding
- Ultrasonic Welding
- Others
Breakup by End Use Industries:
- Construction
- Automobile
- Energy
- Shipbuilding
- Aerospace
- Industrial Equipment
- Others
Breakup by Region:
- Northeast
- Midwest
- South
- West
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Billion |
| Segment Coverage | Product, Welding Technique, End Use Industries, Region |
| Region Covered | Northeast, Midwest, South, West |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The United States welding consumables market was valued at US$ 2.9 Billion in 2022.
We expect the United States welding consumables market to exhibit a CAGR of 3.42% during 2023-2028.
The advent of automated and laser-based welding technologies used in manufacturing of next- generation automobile designs with enhanced safety features, is primarily catalyzing the United States welding consumables market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations in the United States resulting in temporary closure of numerous end-use industries, thereby limiting the demand for welding consumables.
Based on the product, the United States welding consumables market can be segmented into stick electrodes, solid wires, flux cored wires, SAW wires and fluxes, and others. Currently, stick electrodes hold the majority of the total market share.
Based on the welding technique, the United States welding consumables market has been divided into arc welding, resistance welding, oxyfuel welding, ultrasonic welding, and others. Among these, arc welding currently exhibits a clear dominance in the market.
Based on the end use industries, the United States welding consumables market can be categorized into construction, automobile, energy, shipbuilding, aerospace, industrial equipment, and others. Currently, the construction industry accounts for the largest market share.
On a regional level, the market has been classified into Northeast, Midwest, South, and West, where South currently dominates the market.
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