Construction & Industrial

According to a market report by Lucintel, the future of the welding wire market looks promising with opportunities in the automotive, construction, aerospace, defense, and shipbuilding industries. The global welding wire market is expected to reach an estimated $9.2 billion by 2028 with a CAGR of 4.8% from 2023 to 2028. The major drivers for this market are rapid industrialization, growing demand in the automotive industry for lightweight and high-performance vehicles, and introduction of hybrid MIG welding technology.



In this market, alloys, stainless steel, and aluminium are the major material segments. Lucintel forecasts that stainless steel is expected to witness the highest growth over the forecast period due to its increasing demand in the construction and automotive industries.



Within this market, construction is expected to witness the highest growth over the forecast period due to the growing demand for welding wires for product innovations and advancements in technology in the building and construction industries.



APAC is expected to witness the highest growth over the forecast period due to the continuous expansion of the construction and automotive industries and encouraging foreign direct investment for developing end use industries in the region.

Lincoln Electric, Kobe Steel, ESAB, Ador Welding, and Kiswel are the major suppliers in the global welding wire market.  



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global welding wire market by product type, material, application, end use industry, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Welding Wire Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global welding wire market by product type, material, application, end use industry, and region, as follows:

 

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the global welding wire market by product type (composite metal-cored wires, gas-shielded flux-cored arc welding wire, and solid gas metal arc welding wire), material (alloys, stainless steel, aluminum, and others), application (fabrication, maintenance, and retrofit), end use industry (automotive, construction, aerospace, defense, shipbuilding, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?