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Welding Equipment and Consumables (US Market & Forecast)

Abstract

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US demand to rise 6.4% annually through 2015

Total demand for welding equipment and consumables is forecast to increase 6.4 percent annually to $7.1 billion in 2015. Gains in this market will be driven by continued recovery from economic recession experienced between late 2007 and 2009 in major manufacturing and construction markets. Growth will also be fueled by the increasing applications to which various types of welding can be applied. Although arc, resistance and oxyfuel welding dominate the market, emergent welding technologies such as electron beam, friction-stir, laser, ultrasonic and other welding methods have opened new markets and applications in industries such as aerospace, electronics, packaging and others. Although the most popular welding methods are used in mature market segments, and their demand is subject to the cyclical (and seasonal, in the case of construction) nature of individual markets, the diversity of welding applications mitigates the effects of cyclicality in any single consuming sector.

Arc, resistance welding systems to remain dominant

The welding equipment segment is dominated by arc and resistance welding systems, which accounted for a combined 42 percent of equipment demand in 2010. These will remain the dominant welding techniques through the forecast period, in part due to their successful integration with modern automation techniques that improve weld deposit rates and alleviate the shortage of skilled welders.

Consumables to track industry average in growth

Welding consumables include electrodes, filler metal and industrial welding gases used in oxyfuel welding applications and shielding gases used primarily in arc welding applications. Consumption of these products is dependent on the amount of oxyfuel and arc welding activity, although arc welding is the dominant market driver. Demand for consumables, which will benefit from the economic recovery and the ubiquity of arc welding processes, will increase 6.3 percent annually and approach $2.2 billion in 2015.

Welding electrodes and filler metal dominate the consumables category, typically accounting for 69 percent of the total; oxyfuel and shielding gases account for the rest. Solid wire electrodes are the largest product category for electrodes and filler metal, although flux- and metalcored electrodes are the most rapidly growing products. Among the gases, oxygen and acetylene are dominant in metal joining and cutting applications. Argon is by far the dominant shielding gas, followed by carbon dioxide.

Construction to be fastest growing market

The manufacturing sector comprises the largest market for welding products, having accounted for 63 percent of consumption in 2010. Within manufacturing, fabricated metal products and transportation equipment are the largest consuming segments, recovery in which will help drive gains in consumption to $4.4 billion in 2015. The consumption of welding products by the construction industry will grow the fastest of any enduse industry. Based on recovery from a severe slowdown in 2008 and 2009 revitalized construction of structures, pipelines and civic projects will drive demand to $750 million in 2015, or nearly 11 percent of the market.

Study coverage

This new Freedonia industry study, Welding Equipment & Consumables, presents historical demand data (2000, 2005 and 2010) plus forecasts for 2015 and 2020 by product and market. The study also considers key market environment factors, reviews technology, assesses industry structure, evaluates company market share and profiles competitors in the US industry.

Table of Contents

INTRODUCTION

I. EXECUTIVE SUMMARY

II. MARKET ENVIRONMENT

  • General
  • Macroeconomic Trends
  • Fixed Investment Trends
  • Manufacturing Sector Outlook
  • Metal Product Shipments
  • Motor Vehicle Production
  • Aerospace & Other Transportation Equipment Outlook
  • Construction Outlook
  • Building Construction Expenditures
  • Nonresidential Building Construction

III. WELDING TECHNOLOGIES

  • General
  • Welding Technologies
    • Arc Welding
      • Gas Metal Arc Welding (GMAW)
      • Gas Tungsten Arc Welding (GTAW)
      • Shielded Metal Arc Welding (SMAW)
      • Flux-Cored Arc Welding (FCAW)
      • Submerged Arc Welding (SAW)
      • Other Arc Welding
    • Oxyfuel Welding & Cutting (OFW & OFC)
    • Resistance Welding (RW)
    • Ultrasonic Welding (USW)
    • Laser Beam Welding (LBW)
    • Other Welding
    • Automation & the Welding Market

IV. WELDING EQUIPMENT & CONSUMABLES OVERVIEW

  • General
  • Welding Equipment & Consumables Supply & Demand Foreign Trade
    • Welding Equipment
    • Welding Consumables
    • Welding Equipment & Consumables Imports by Source
    • Welding Equipment & Consumables Exports by Destination
  • Pricing Trends
    • Equipment
    • Electrodes & Filler Metals
    • Gases
  • Historical Market Trends
  • Welder Employment Trends
  • Safety & Health Issues

V. WELDING EQUIPMENT

  • General
  • Welding Equipment Supply & Demand
    • Arc Welding Equipment
    • Resistance Welding
    • Oxyfuel Welding & Cutting
    • Laser Beam Welding
    • Ultrasonic Welding
    • Other Welding Equipment

VI. WELDING CONSUMABLES

  • General
  • Welding Electrode & Filler Metal Demand
    • Welding Electrode & Filler Metal Demand by Material
    • Welding Electrode & Filler Metal Demand by Type
      • Solid Wire Electrodes & Filler Metal
      • Stick Electrodes & Filler Metal
      • Flux- & Metal-Cored Welding Electrodes
  • Shielding & Oxyfuel Gases
    • Shielding Gases
      • Argon
      • Helium
      • Carbon Dioxide
      • Nitrogen
      • Hydrogen
    • Oxyfuel Gases
      • Oxygen
      • Acetylene
      • Other Fuel Gases

VII. WELDING EQUIPMENT & CONSUMABLES MARKETS

  • General
  • Manufacturing
    • Fabricated Metal Products
    • Transportation Equipment
      • Motor Vehicles
      • Marine Equipment
      • Aerospace
      • Other Transportation Equipment
    • Agricultural, Construction & Mining Equipment
    • Other Manufacturing
  • Construction
  • Energy & Power Generation
  • Repair & Maintenance
  • Consumer & Other

VIII. INDUSTRY STRUCTURE

  • General
  • Market Share
    • Leading Companies
    • Leading Welding Equipment Producers
    • Leading Consumable Electrode & Filler Metal Producers
    • Leading Oxyfuel & Shielding Gas Producers
  • Competitive Strategies
  • Product Development & Manufacturing
  • Distribution & Marketing
  • Mergers, Acquisitions & Industry Restructuring

COMPANY PROFILES

  • Air Products and Chemicals Incorporated
  • Airgas Incorporated
  • ARCON Welding LLC
  • Atlantic China Welding Consumables Incorporated
  • Bernard, see Illinois Tool Works
  • Bohler Welding Holding, see voestalpine
  • CenterLine Windsor Limited
  • Charter International plc
  • DAIHEN Corporation
  • Denyo Company Limited
  • Doncasters Group Limited
  • ESAB Group, see Charter International
  • Fronius International GmbH
  • Hobart Brothers, see Illinois Tool Works
  • Illinois Tool Works Incorporated
  • Kaierda Group Limited
  • L'Air Liquide SA
  • Lincoln Electric Holdings Incorporated
  • Linde Group
  • Manufacturing Technology Incorporated
  • Miller Electric Manufacturing, see Illinois Tool Works
  • Miyachi Corporation
  • MTI Welding Technologies, see Manufacturing Technology
  • Nelson Stud Welding, see Doncasters Group
  • NIMAK GmbH
  • OBARA Corporation
  • Panasonic Corporation
  • Praxair Incorporated
  • Rofin-Sinar Technologies Incorporated
  • Schunk Group
  • Smith Equipment, see Illinois Tool Works
  • Sonics & Materials Incorporated
  • Stapla Ultrasonics, see Schunk Group
  • Taylor-Winfield Technologies Incorporated
  • Thermadyne Holdings Corporation
  • Tianjin Bridge Welding Materials Group Company Limited
  • TRUMPF Group
  • voestalpine AG
  • Weldcraft, see Illinois Tool Works

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY

  • Summary Table

SECTION II -- MARKET ENVIRONMENT

  • 1 Macroeconomic Indicators
  • 2 Nonresidential Fixed Investment
  • 3 Manufacturers' Shipments
  • 4 Metal Product Shipments
  • 5 Motor Vehicle Indicators
  • 6 Aerospace & Other Transportation Equipment Shipments
  • 7 Construction Expenditures

SECTION III -- WELDING TECHNOLOGIES

  • 1 Major Arc Welding Processes

SECTION IV -- WELDING EQUIPMENT & CONSUMABLES OVERVIEW

  • 1 Welding Equipment & Consumables Supply & Demand
  • 2 Welding Equipment Foreign Trade
  • 3 Welding Consumables Foreign Trade
  • 4 Welding Equipment & Consumables Imports by Source
  • 5 Welding Equipment & Consumables Exports by Destination
  • 6 Selected Welding Equipment & Consumables Pricing
  • 7 US Welding Market, 2000-2010

SECTION V -- WELDING EQUIPMENT

  • 1 Welding Equipment Supply & Demand
  • 2 Arc Welding Equipment Supply & Demand
  • 3 Resistance Welding Equipment Supply & Demand
  • 4 Oxyfuel Welding & Cutting Equipment Supply & Demand
  • 5 Laser Beam Welding Equipment Supply & Demand
  • 6 Ultrasonic Welding Equipment Supply & Demand
  • 7 Other Welding Equipment Supply & Demand

SECTION VI -- WELDING CONSUMABLES

  • 1 Welding Consumables Supply & Demand
  • 2 Welding Electrode & Filler Metal Demand by Type
  • 3 Welding Electrode & Filler Metal Demand by Material
  • 4 Solid Wire Electrode & Filler Metal Demand
  • 5 Stick Electrode & Filler Metal Demand
  • 6 Flux- & Metal-Cored Welding Electrode Demand
  • 7 Shielding & Oxyfuel Gas Demand
  • 8 Shielding Gas Demand by Type
  • 9 Argon Shielding Gas Demand
  • 10 Helium Shielding Gas Demand
  • 11 Carbon Dioxide Shielding Gas Demand
  • 12 Nitrogen Shielding Gas Demand
  • 13 Hydrogen Shielding Gas Demand
  • 14 Oxyfuel Gas Demand by Type
  • 15 Welding & Cutting Oxygen Demand
  • 16 Welding & Cutting Acetylene Demand
  • 17 Other Oxyfuel Gas Demand

SECTION VII -- WELDING EQUIPMENT & CONSUMABLES MARKETS

  • 1 Welding Equipment & Consumables Demand by Market
  • 2 Manufacturing Market for Welding Equipment & Consumables
  • 3 Fabricated Metal Products Market for Welding Equipment & Consumables
  • 4 Transportation Equipment Market for Welding Equipment & Consumables
  • 5 Motor Vehicle Market for Welding Equipment & Consumables
  • 6 Marine Equipment Market for Welding Equipment & Consumables
  • 7 Aerospace Equipment Market for Welding Equipment & Consumables
  • 8 Other Transportation Equipment Market for Welding Equipment & Consumables
  • 9 Agricultural, Construction & Mining Equipment Markets for Welding Equipment & Consumables
  • 10 Other Manufacturing Markets for Welding Equipment & Consumables
  • 11 Construction Markets for Welding Equipment & Consumables
  • 12 Energy & Power Generation Markets for Welding Equipment & Consumables
  • 13 Repair & Maintenance Markets for Welding Equipment & Consumables
  • 14 Consumer & Other Markets for Welding Equipment & Consumables

SECTION VIII -- INDUSTRY STRUCTURE

  • 1 US Welding Equipment & Consumables Sales by Company, 2010
  • 2 Selected Acquisitions & Divestitures

LIST OF CHARTS

SECTION III -- WELDING TECHNOLOGIES

  • 1 Schematic of Gas Metal Arc Welding (GMAW) "MIG" Process 37
  • 2 Schematic of Gas Tungsten Arc Welding (GTAW) "TIG" Process

SECTION IV -- WELDING EQUIPMENT & CONSUMABLES OVERVIEW

  • 1 Welding Equipment & Consumables Imports by Source, 2010
  • 2 Welding Equipment & Consumables Exports by Destination, 2010
  • 3 Welding Equipment Price Indices, 2000-2020
  • 4 Electrode & Filler Metal Prices, 2000-2020
  • 5 Selected Gas Prices, 2000-2020
  • 6 Historical Market Volatility, 2001-2010

SECTION V -- WELDING EQUIPMENT

  • 1 Welding Equipment Demand by Type, 2010

SECTION VI -- WELDING CONSUMABLES

  • 1 Welding Electrode & Filler Metal Demand by Type, 2010
  • 2 Shielding Gas Demand by Type, 2010

SECTION VII -- WELDING EQUIPMENT & CONSUMABLES MARKETS

  • 1 Welding Equipment & Consumables Demand by Market, 2010
  • 2 Manufacturing Market for Welding Equipment & Consumables, 2010

SECTION VIII -- INDUSTRY STRUCTURE

  • 1 US Welding Equipment & Consumables Market Share, 2010
  • 2 US Welding Equipment Market Share, 2010
  • 3 US Consumable Electrode & Filler Metal Market Share, 2010
  • 4 US Oxyfuel & Shielding Gas Market Share, 2010
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