United States Welding Consumables Market Report

United States Welding Consumables Market Size:

The United States welding consumables market size reached US$ 3.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 4.0 Billion by 2032, exhibiting a growth rate (CAGR) of 3% during 2024-2032. Expansion of manufacturing and construction industries promoting improvement in welding techniques, emerging automation, government infrastructure projects, and increasing demand for reliable, high-performance welding solutions represent some of the key factors driving the market growth.

United States Welding Consumables Market Analysis:

• Major Market Drivers: The revival in construction industry, especially in infrastructure projects, is increasing the demand for welding technologies and materials. Moreover, automotive and aerospace industries are the primary consumer of superior quality welding technologies since these industries require durable and safe solutions, leading to the expansion of the market. Development of welding technology, automation, and robotics is increasing productivity and quality of the product, thereby propelling the market expansion.
• Key Market Trends: The welding consumables market in the United Stated is experiencing major developments due to the growing automation in manufacturing and construction sectors. The advancement of welding technologies, including flux cored and solid wires, are gaining demand due to their efficiency and performance advantages. A significant change is seen as eco-friendly approaches to welding are taken over by very strict environmental policies. Moreover, demand for welding consumables has been driven by the recovery of the automotive and construction industries after the pandemic. Furthermore, ongoing technological developments in welding processes also support the use of high-quality consumables to retain strong and long-lasting welds in critical applications.
• Competitive Landscape: The report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. 
• Challenges and Opportunities: The challenges of the United States welding consumables market are the tight environmental regulations which prohibit the use of certain materials and processes as they pose a threat to the environment. The shortage of skilled labor also poses a significant challenge, which is restricting the growth and operational efficiency of the industry. Nevertheless, there are a lot of opportunities that come with the revival of the manufacturing and construction sectors, which has caused demand for welding technologies. Advancement in welding techniques like automation and advanced materials provide opportunity for market growth. Also, the utilization of green technologies and the generation of eco-friendly welding solutions can give a competitive advantage in a market where sustainability matters.

United States Welding Consumables Market Trends:

Increasing Infrastructure Initiatives

The U.S. government is investing into infrastructure development actively, which stimulates a need for welding consumables in the projects of large scale. The federal government spent $44.8 billion on infrastructure in 2023 and transferred an additional $81.5 billion to states. The continuous rebuilding and replacement of roads, bridges, and buildings require strong welding supplies hence the market keeps on growing. For instance, the U.S. has $5.9 trillion in infrastructure funding needs up to 2029 with $3.35 trillion in place. The biggest investment gap is in surface transportation (roads, highways, bridges and public transportation systems) which requires a financial injection of $1.2 trillion up to 2029.

Advancements in Welding Technology

Welding technology is developed and perfected by the manufacturers who are striving to increase their effectiveness and accuracy. Technological improvements speed up the welding processes and help save money, making the processes more attractive to wider range of industrial applications and significantly growing the market. Due to the increase in innovations, there is a 22% rise in welding jobs according to the United States Bureau of Labor Statistics. The number is expected to continue growing through at least 2026.

Growing Manufacturing Sector

The manufacturing industry in the U.S. is ever expanding, which necessitates a lot of welding operation for production and assembly. For instance, manufacturers in the United States account for 10.70% of the total output in the country, employing 8.41% of the workforce. Total output from manufacturing was $2.5 trillion in 2021. In addition, there were an average of 12.5 million manufacturing employees in the United States in December 2021, with an average annual compensation of $95,990.00 in 2021. Welding consumables market continues to grow due to increasing demand for different and high-quality welding consumables as different industries like automotive, aerospace, and construction thrive.

United States Welding Consumables Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2024-2032. Our report has categorized the market based on product, welding technique, and end use industries.

Breakup by Product:

• Stick Electrodes
• Solid Wires
• Flux Cored Wires
• SAW Wires and Fluxes
• Others
   

Stick electrodes accounts for the majority of the market share 

The report has provided a detailed breakup and analysis of the market based on the product. This includes stick electrodes, solid wires, flux cored wires, SAW wires and fluxes, and others. According to the report, stick electrodes represented the largest segment.

The stick electrodes are important in the U.S. welding consumables market for their flexibility and ease of use in different applications. This is especially preferred in repair works and outdoor construction because they work well in wind, dirty or rusty metals. This type of product is preferred among the welders for its portability and cheaper cost of equipment, which is best for small to medium scale projects. The ease of use and low-cost investment in the stick electrodes continues to be their driving force as many advanced welding technologies are present, especially in the maintenance and construction sectors.

Breakup by Welding Technique:

• Arc Welding
• Resistance Welding
• Oxyfuel Welding
• Ultrasonic Welding
• Others
   

Arc Welding dominates the market

The report has provided a detailed breakup and analysis of the market based on the welding technique. This includes arc welding, resistance welding, oxyfuel welding, ultrasonic welding, and others. According to the report, arc welding represented the largest segment.

In the U.S. welding market, arc welding is one of the main techniques, because it is versatile and can be applied to various industries. Versatility of this method with all kinds of metals and environments makes it popular. Arc welding is critical in producing heavy machinery, automotive parts, and in shipbuilding, where strong and durable welds are a necessity. The development of the technique enabling it to merge with the automated and robotic systems improves productivity and precision of welds, solving both quality and labor shortage problems. The market value of arc welding is boosted by the role it plays in allowing for high volume and quality fabrication, leading to the industries in search of more efficient methods of production.

Breakup by End Use Industries:

• Construction
• Automobile
• Energy
• Shipbuilding
• Aerospace
• Industrial Equipment
• Others
   

Construction dominates the market

The report has provided a detailed breakup and analysis of the market based on the end use industries. This includes construction, automobile, energy, shipbuilding, aerospace, industrial equipment, and others. According to the report, construction represented the largest segment.

In the US, the construction industry is a primary user of welding consumables, which it uses to create infrastructure such as buildings, bridges, and public utilities. The continuous urbanization and modernization of old infrastructure require a substantial use of welding consumables for the new constructions and repair works. High-quality, durable welding solutions become more sought-after as the construction industry strives to improve the integrity of structures and extend the life of the projects. As government and private sector investments into infrastructure keep growing, the need for welding consumables in construction will be strong.

Breakup by Region:

• Northeast
• Midwest
• South
• West
   

South dominates the market

The report has also provided a comprehensive analysis of all the major markets in the United States which include Northeast, Midwest, South, and West. According to the report, South was the largest market for welding consumables in the United States.

Southern US is experiencing moderate growth in both industrial and construction activities with urbanization driving most of the demand and Texas and Florida being the poster children of industrial investments. The development of this area is facilitated by conducive business environments and increasing population which, in their turn, drive local economies and, thus, require the welding consumables. The existence of key industrial plants and the continuous growth of the energy sector, which encompasses mostly oil and gas related as well as renewable energy projects, fuel the demand for advanced welding technologies and materials. As a result, the South is a vibrant and growing market for welding consumables, driven by general industrial expansion and infrastructure developments.

Competitive Landscape:

• The report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
• Different strategies are used by key market players in the U.S. welding consumables industry to keep and expand their market presence. These are product development and technological advances designed to increase the efficiency and minimize environmental footprints. Also, many such companies have strategic mergers and acquisitions allowing for the expansion of product portfolios as well as market access. Moreover, alliances with construction and manufacturing companies improve the supply chain integration and customer base. To combat the shortage of skilled labor, firms invest in training programs and partnerships with educational institutions, in this way, ensuring a skilled workforce that can meet the changing requirements of current welding applications.

United States Welding Consumables Market News:

• In April 2024, Lincoln Electric Holdings, Inc. announced that it has acquired RedViking, a privately held automation system integrator based in Plymouth, Michigan, U.S. RedViking specializes in the development and integration of state-of-the-art autonomous guided vehicles (AGVs) and mobile robots, custom assembly and dynamic test systems, and proprietary manufacturing execution system (MES) software. This strategic move aims to complement Lincoln’s automated material handling and testing solutions, further expanding capabilities with integrated production data and analytic software solutions.
• In February 2024, Kobelco stated that Kobenable Steel will be used in the construction of the New Asakura Bridge ordered by the Kyushu Regional Development Bureau of the Ministry of Land, Infrastructure, Transport and Tourism. This is the first use case of Kobenable Steel for bridges. Employed for this construction work is Kobenable Premier, which reduces 100% of CO2 emissions in steelmaking based on the mass balance method.

United States Welding Consumables Market Report Scope:

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the United States welding consumables market from 2018-2032. 
• The research report provides the latest information on the market drivers, challenges, and opportunities in the United States welding consumables market. 
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the United States welding consumables industry and its attractiveness.
• The competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.