Welding Consumables Market for Automobile & Transportation, Building & Construction, Marine, Power, Oil & Gas, and Other End-users - U.S. Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2023

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Sep 13, 2016, 07:25 ET

LONDON, Sept. 13, 2016 /PRNewswire/ -- Welding consumables are materials such as metals, alloys, and minerals that are used for amalgamation of metal and thermoplastic components. Commonly used welding consumables for different welding processes in the U.S. include stick electrodes, flux-cored wires, solid wires, SAW wires and fluxes, and various shielding gases and rods. Flux-cored wires are used for shielded metal arc welding (SMAW) and flux-cored arc welding (FCAW) applications in various end-user industries. Welding consumables are primarily employed in building & construction, automobile & transportation, power, oil & gas, and marine industries. The bargaining power of buyers of welding consumables is estimated to be hampered, due to high degree of forward integration of manufacturers in the value chain.

This report provides detailed analysis and forecast of the welding consumables market in the U.S. from 2015 to 2023. On the country level, the market has been segmented based on volume (kilo tons) and revenue (US$ Mn) between 2015 and 2023. Demand for welding consumables has been forecast in terms of volume (kilo tons) and revenue (US$ Mn) between 2015 and 2023 to provide in-depth understanding of the market at the country level. The report includes drivers and restraints along with their impact on the market growth during the forecast period. Furthermore, the study encompasses various opportunities for growth of the market at the country level.

The report thoroughly evaluates the value chain to provide comprehensive understanding of the welding consumables market. Additionally, it covers Porter's Five Forces Model, which offers an understanding of the market competitiveness. The study also contains market attractiveness analysis, wherein various end-user industries are benchmarked based on their market size, growth rate, and general attractiveness.

We conducted in-depth interviews and discussions with numerous key industry participants and opinion leaders for the research report. Primary research represents the bulk of our research efforts coupled with extensive secondary research. We reviewed key players' annual reports, product portfolio, press releases, and relevant documents for competitive analysis and better understanding of the market. Secondary research includes in-depth research on current trends, technical writing, recent trade, Internet sources, trade associations, and statistical data from government websites as well as associated and authorized agency websites. This proved to be the most successful, effective, and reliable approach for obtaining relevant data, capturing industry participants' insights, and identifying opportunities and growth.

The report provides the size of the welding consumables market for 2014 and forecast for the next eight years. The size of the welding consumables market in the U.S. has been presented in terms of volume (kilo tons) and revenue (US$ Mn). Various key products and end-user industries have been taken into consideration to estimate market numbers. Market size and forecast for each segment have been provided in the context of the market in the U.S. Each product and end-user segment has been analyzed and forecast based on volume (kilo tons) and revenue (US$ Mn) from 2015 to 2023.

The report includes profiles of leading manufacturers operating in the welding consumables market in the U.S. such as The Lincoln Electric Company, Air Liquide S.A., The Linde Group, voestalpine Böhler Welding GmbH, ESAB, Illinois Tool Works Inc., Hyundai Welding Co., Ltd., Kobe Steel, Ltd., Welding Alloys Group, Kiswel Inc., and Hilarius Haarlem Holland B.V. (HILCO).

The report segments the welding consumables market in the U.S. as follows:

Welding Consumables Market - Product Analysis

Stick electrodes
Solid wires
Flux-cored wires
SAW wires and fluxes
Others (including rods, etc.)
Welding Consumables Market - End-user Analysis

Automobile & transportation
Building & construction
Marine
Power
Oil & gas
Others (including repair & maintenance, etc.)
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