North America Welding Wire Market - Industry Trends and Forecast to 2029

Description

List of Tables

North America welding wire market is projected to register a CAGR of 2.7% in the forecast period of 2022 to 2029.The new market report contains data for historic year 2020, the base year of calculation is 2021 and the forecast period is 2022 to 2029.

Market Segmentation:

North America Welding Wire Market by Type (Solid Gas Metal Arc Welding Wire, Composite Metal-Cored Wires, and Gas-Shielded Flux-Cored Arc Welding Wire), Material (Alloys, Stainless Steel, Aluminium and Others), Application (Fabrication, Repair & Maintenance and Retrofit), End-Use (Automotive, Building & Construction, Aerospace, Defence, Oil & Gas, Shipbuilding and others), Product (Copper-Nickel, Low Alloyed Copper, Aluminium-Bronze, Tin-Bronze, Aluminium) Industry trends and forecast to 2029.

Some of the major factors contributing to the growth of the market are:

Increasing building and construction activities across the region

Rising competition among manufacturing companies for welding operations

Market Players

Some of the major players operating in the market are:

voestalpine Bohler Welding Group GmbH

The Lincoln Electric Company,

Berkenhoff GmbH

Saarstahl AG

U.S. Titanium Industry Inc.

KOBE STEEL LTD

ESAB

WeldWire

Venus Wire Industries Pvt. Ltd.

National Standard

American Welding Products, Inc

Hobart Brothers LLC (A subsidiary of Illinois Tool Works Inc.)

LUVATA

1 INTRODUCTION 12

1.1 OBJECTIVES OF THE STUDY 12
1.2 MARKET DEFINITION 12
1.3 OVERVIEW OF NORTH AMERICA WELDING WIRE MARKET 12
1.4 CURRENCY AND PRICING 13
1.5 LIMITATIONS 13
1.6 MARKETS COVERED 14

2 MARKET SEGMENTATION 16

2.1 MARKETS COVERED 16
2.2 GEOGRAPHICAL SCOPE 17
2.3 YEARS CONSIDERED FOR THE STUDY 17
2.4 DBMR TRIPOD DATA VALIDATION MODEL 18
2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 21
2.6 DBMR MARKET POSITION GRID 22
2.7 MARKET END-USE COVERAGE GRID 24
2.8 MULTIVARIATE MODELING 25
2.9 TYPE TIMELINE CURVE 25
2.10 MARKET CHALLENGE MATRIX 26
2.11 SECONDARY SOURCES 27
2.12 ASSUMPTIONS 27

3 EXECUTIVE SUMMARY 28

4 PREMIUM INSIGHTS 30

4.1 PRODUCTION-CONSUMPTION ANALYSIS 31
4.2 IMPORT-EXPORT SCENARIO 31
4.3 RAW MATERIAL PRODUCTION COVERAGE 33
4.4 TECHNOLOGICAL ADVANCEMENTS BY MANUFACTURERS 34
4.5 PRICE ANALYSIS 35
4.6 LIST OF KEY BUYERS 35
4.7 PORTER'S FIVE FORCE ANALYSIS 36
4.8 VENDOR SELECTION CRITERIA 37
4.9 PESTEL ANALYSIS 39

5 CLIMATE CHANGE SCENARIO 40

5.1 ENVIRONMENTAL CONCERNS 40
5.2 INDUSTRY RESPONSE 41
5.3 GOVERNMENT'S ROLE 42
5.4 ANALYST RECOMMENDATION 43

6 SUPPLY CHAIN ANALYSIS 44

6.1 OVERVIEW 44
6.2 LOGISTIC COST SCENARIO 44
6.3 IMPORTANCE OF LOGISTICS SERVICE PROVIDERS 44

7 MARKET OVERVIEW 45

7.1 DRIVERS 47
- 7.1.1 INCREASING CONSTRUCTION AND ENGINEERING ACTIVITIES ACROSS THE REGION 47
- 7.1.2 TECHNOLOGICAL ADVANCEMENTS IN CONSUMABLES AND WELDING WIRE 47
- 7.1.3 RISE IN DEMAND FOR VARIOUS WELDING WIRES IN THE AUTOMOTIVE INDUSTRY 48
7.2 RESTRAINTS 49
- 7.2.1 HIGHER COSTS ASSOCIATED WITH WELDING WIRES AND CONSUMABLES 49
- 7.2.2 EMISSION OF HARMFUL GASES WHILE PERFORMING WELDING OPERATIONS 49
7.3 OPPORTUNITIES 50
- 7.3.1 INCREASE IN BUSINESS DEVELOPMENT AND EXPANSION ACTIVITIES BY ORGANIZATIONS 50
- 7.3.2 PENETRATION OF AUTOMATION IN VARIOUS WELDING PROCESS 50
- 7.3.3 GOVERNMENT INITIATIVES AND INVESTMENTS FOR WELDING PROFESSIONALS 51
7.4 CHALLENGES 52
- 7.4.1 LACK OF SKILLED WELDING PROFESSIONALS IN NORTH AMERICA 52
- 7.4.2 INCREASING LABOR COSTS IN THE WELDING PROCESS 53

8 NORTH AMERICA WELDING WIRE MARKET, BY TYPE 54

8.1 OVERVIEW 55
8.2 SOLID GAS METAL ARC WELDING WIRE 56
8.3 COMPOSITE METAL-CORED WIRES 56
8.4 GAS-SHIELDED FLUX-CORED ARC WELDING WIRE 57

9 NORTH AMERICA WELDING WIRE MARKET, BY MATERIAL 58

9.1 OVERVIEW 59
9.2 ALUMINUM 60
9.3 STAINLESS STEEL 60
9.4 ALLOYS 61
9.5 OTHERS 61

10 NORTH AMERICA WELDING WIRE MARKET, BY APPLICATION 62

10.1 OVERVIEW 63
10.2 FABRICATION 64
10.3 REPAIR & MAINTENANCE 64
10.4 RETROFIT 65

11 NORTH AMERICA WELDING WIRE MARKET, BY END-USE 66

11.1 OVERVIEW 67
11.2 AUTOMOTIVE 68
- 11.2.1 SOLID GAS METAL ARC WELDING WIRE 69
- 11.2.2 COMPOSITE METAL-CORED WIRES 69
- 11.2.3 GAS-SHIELDED FLUX-CORED ARC WELDING WIRE 69
11.3 BUILDING & CONSTRUCTION 69
- 11.3.1 SOLID GAS METAL ARC WELDING WIRE 70
- 11.3.2 COMPOSITE METAL-CORED WIRES 70
- 11.3.3 GAS-SHIELDED FLUX-CORED ARC WELDING WIRE 70
11.4 SHIPBUILDING 70
- 11.4.1 SOLID GAS METAL ARC WELDING WIRE 71
- 11.4.2 COMPOSITE METAL-CORED WIRES 71
- 11.4.3 GAS-SHIELDED FLUX-CORED ARC WELDING WIRE 71
11.5 AEROSPACE 71
- 11.5.1 SOLID GAS METAL ARC WELDING WIRE 72
- 11.5.2 COMPOSITE METAL-CORED WIRES 72
- 11.5.3 GAS-SHIELDED FLUX-CORED ARC WELDING WIRE 72
11.6 DEFENCE 72
- 11.6.1 SOLID GAS METAL ARC WELDING WIRE 73
- 11.6.2 COMPOSITE METAL-CORED WIRES 73
- 11.6.3 GAS-SHIELDED FLUX-CORED ARC WELDING WIRE 73
11.7 OIL & GAS 73
- 11.7.1 SOLID GAS METAL ARC WELDING WIRE 74
- 11.7.2 COMPOSITE METAL-CORED WIRES 74
- 11.7.3 GAS-SHIELDED FLUX-CORED ARC WELDING WIRE 74
11.8 OTHERS 74
- 11.8.1 SOLID GAS METAL ARC WELDING WIRE 75
- 11.8.2 COMPOSITE METAL-CORED WIRES 75
- 11.8.3 GAS-SHIELDED FLUX-CORED ARC WELDING WIRE 75

12 NORTH AMERICA WELDING WIRE MARKET, BY PRODUCT 76

12.1 OVERVIEW 77
12.2 COPPER-NICKEL 78
12.3 LOW ALLOYED COPPER 78
12.4 ALUMINIUM-BRONZE 78
12.5 TIN-BRONZE 78
12.6 ALUMINIUM 78

13 NORTH AMERICA WELDING WIRE MARKET 79

13.1 U.S. 84
13.2 CANADA 88
13.3 MEXICO 92

14 NORTH AMERICA WELDING WIRE MARKET, COMPANY LANDSCAPE 96

14.1 COMPANY SHARE ANALYSIS: NORTH AMERICA 96

15 SWOT ANALYSIS 97

16 COMPANY PROFILE 98

16.1 THE LINCOLN ELECTRIC COMPANY 98
- 16.1.1 COMPANY SNAPSHOT 98
- 16.1.2 REVENUE ANALYSIS 98
- 16.1.3 PRODUCT PORTFOLIO 99
- 16.1.4 RECENT DEVELOPMENTS 100
16.2 ESAB 101
- 16.2.1 COMPANY SNAPSHOT 101
- 16.2.2 REVENUE ANALYSIS 101
- 16.2.3 PRODUCT PORTFOLIO 102
- 16.2.4 RECENT DEVELOPMENTS 102
16.3 HOBART BROTHERS LLC (A SUBSIDIARY OF ILLINOIS TOOL WORKS INC.) 103
- 16.3.1 COMPANY SNAPSHOT 103
- 16.3.2 PRODUCT PORTFOLIO 103
- 16.3.3 RECENT DEVELOPMENTS 104
16.4 VOESTALPINE BOHLER WELDING GROUP GMBH 105
- 16.4.1 COMPANY SNAPSHOT 105
- 16.4.2 REVENUE ANALYSIS 105
- 16.4.3 BRAND PORTFOLIO 106
- 16.4.4 RECENT DEVELOPMENT 106
16.5 NATIONAL STANDARD 107
- 16.5.1 COMPANY SNAPSHOT 107
- 16.5.2 PRODUCT PORTFOLIO 107
- 16.5.3 RECENT DEVELOPMENT 107
16.6 VENUS WIRE INDUSTRIES PVT. LTD 108
- 16.6.1 COMPANY SNAPSHOT 108
- 16.6.2 PRODUCT PORTFOLIO 108
- 16.6.3 RECENT DEVELOPMENT 108
16.7 SAARSTAHL AG (A SUBSIDIARY OF STAHL-HOLDING-SAAR (SHS) GROUP) 109
- 16.7.1 COMPANY SNAPSHOT 109
- 16.7.2 SOLUTION PORTFOLIO 109
- 16.7.3 RECENT DEVELOPMENT 109
16.8 AMERICAN WELDING PRODUCTS, INC 110
- 16.8.1 COMPANY SNAPSHOT 110
- 16.8.2 PRODUCT PORTFOLIO 110
- 16.8.3 RECENT DEVELOPMENT 110
16.9 BERKENHOFF GMBH 111
- 16.9.1 COMPANY SNAPSHOT 111
- 16.9.2 PRODUCT PORTFOLIO 111
- 16.9.3 RECENT DEVELOPMENT 111
16.10 KOBE STEEL, LTD 112
- 16.10.1 COMPANY SNAPSHOT 112
- 16.10.2 REVENUE ANALYSIS 112
- 16.10.3 PRODUCT PORTFOLIO 113
- 16.10.4 RECENT DEVELOPMENT 113
16.11 LUVATA 114
- 16.11.1 COMPANY SNAPSHOT 114
- 16.11.2 SOLUTION PORTFOLIO 114
- 16.11.3 RECENT DEVELOPMENT 115
16.12 U.S. TITANIUM INDUSTRY INC. 116
- 16.12.1 COMPANY SNAPSHOT 116
- 16.12.2 PRODUCT PORTFOLIO 116
- 16.12.3 RECENT DEVELOPMENT 116
16.13 WELDWIRE 117
- 16.13.1 COMPANY SNAPSHOT 117
- 16.13.2 PRODUCT PORTFOLIO 117
- 16.13.3 RECENT DEVELOPMENT 117

17 QUESTIONNAIRE 118

18 RELATED REPORTS 121

LIST OF TABLES

TABLE 1 EXPORTS OF WELDING WIRES FROM THE U.S. 32
TABLE 2 AVERAGE PRICE RANGE OF WELDING WIRES IN THE U.S. 35
TABLE 3 HEALTH EFFECTS OF HAZARDOUS FUMES DURING WELDING 41
TABLE 4 NORTH AMERICA WELDING WIRE MARKET, BY TYPE, 2020-2029 (USD MILLION) 56
TABLE 5 NORTH AMERICA WELDING WIRE MARKET, BY TYPE, 2020-2029 (KILO TONS) 56
TABLE 6 NORTH AMERICA WELDING WIRE MARKET, BY MATERIAL, 2020-2029 (USD MILLION) 60
TABLE 7 NORTH AMERICA WELDING WIRE MARKET, BY MATERIAL, 2020-2029 (KILO TONS) 60
TABLE 8 NORTH AMERICA WELDING WIRE MARKET, BY APPLICATION, 2020-2029 (USD MILLION) 64
TABLE 9 NORTH AMERICA WELDING WIRE MARKET, BY APPLICATION, 2020-2029 (KILO TONS) 64
TABLE 10 NORTH AMERICA WELDING WIRE MARKET, BY END-USE, 2020-2029 (USD MILLION) 68
TABLE 11 NORTH AMERICA WELDING WIRE MARKET, BY END-USE, 2020-2029 (KILO TONS) 68
TABLE 12 NORTH AMERICA AUTOMOTIVE IN WELDING WIRE MARKET, BY TYPE, 2020-2029 (USD MILLION) 69
TABLE 13 NORTH AMERICA BUILDING & CONSTRUCTION IN WELDING WIRE MARKET, BY TYPE, 2020-2029 (USD MILLION) 70
TABLE 14 NORTH AMERICA SHIPBUILDING IN WELDING WIRE MARKET, BY TYPE, 2020-2029 (USD MILLION) 71
TABLE 15 NORTH AMERICA AEROSPACE IN WELDING WIRE MARKET, BY TYPE, 2020-2029 (USD MILLION) 72
TABLE 16 NORTH AMERICA DEFENCE IN WELDING WIRE MARKET, BY TYPE, 2020-2029 (USD MILLION) 73
TABLE 17 NORTH AMERICA OIL & GAS IN WELDING WIRE MARKET, BY TYPE, 2020-2029 (USD MILLION) 74
TABLE 18 NORTH AMERICA OTHERS IN WELDING WIRE MARKET, BY TYPE, 2020-2029 (USD MILLION) 75
TABLE 19 NORTH AMERICA WELDING WIRE MARKET, BY PRODUCT, 2020-2029 (USD MILLION) 78
TABLE 20 NORTH AMERICA WELDING WIRE MARKET, BY COUNTRY, 2020-2029 (USD MILLION) 83
TABLE 21 NORTH AMERICA WELDING WIRE MARKET, BY COUNTRY, 2020-2029 (KILO TONS) 83
TABLE 22 U.S. WELDING WIRE MARKET, BY TYPE, 2020-2029 (USD MILLION) 84
TABLE 23 U.S. WELDING WIRE MARKET, BY TYPE, 2020-2029 (KILO TONS) 84
TABLE 24 U.S. WELDING WIRE MARKET, BY MATERIAL, 2020-2029 (USD MILLION) 84
TABLE 25 U.S. WELDING WIRE MARKET, BY MATERIAL, 2020-2029 (KILO TONS) 84
TABLE 26 U.S. WELDING WIRE MARKET, BY APPLICATION, 2020-2029 (USD MILLION) 85
TABLE 27 U.S. WELDING WIRE MARKET, BY APPLICATION, 2020-2029 (KILO TONS) 85
TABLE 28 U.S. WELDING WIRE MARKET, BY END-USE, 2020-2029 (USD MILLION) 85
TABLE 29 U.S. WELDING WIRE MARKET, BY END-USE, 2020-2029 (KILO TONS) 85
TABLE 30 U.S. AUTOMOTIVE IN WELDING WIRE MARKET, BY TYPE, 2020-2029 (USD MILLION) 86
TABLE 31 U.S. BUILDING & CONSTRUCTION IN WELDING WIRE MARKET, BY TYPE, 2020-2029 (USD MILLION) 86
TABLE 32 U.S. SHIPBUILDING IN WELDING WIRE MARKET, BY TYPE, 2020-2029 (USD MILLION) 86
TABLE 33 U.S. AEROSPACE IN WELDING WIRE MARKET, BY TYPE, 2020-2029 (USD MILLION) 86
TABLE 34 U.S. DEFENCE IN WELDING WIRE MARKET, BY TYPE, 2020-2029 (USD MILLION) 86
TABLE 35 U.S. OIL & GAS IN WELDING WIRE MARKET, BY TYPE, 2020-2029 (USD MILLION) 87
TABLE 36 U.S. OTHERS IN WELDING WIRE MARKET, BY TYPE, 2020-2029 (USD MILLION) 87
TABLE 37 U.S. WELDING WIRE MARKET, BY PRODUCT, 2020-2029 (USD MILLION) 87
TABLE 38 CANADA WELDING WIRE MARKET, BY TYPE, 2020-2029 (USD MILLION) 88
TABLE 39 CANADA WELDING WIRE MARKET, BY TYPE, 2020-2029 (KILO TONS) 88
TABLE 40 CANADA WELDING WIRE MARKET, BY MATERIAL, 2020-2029 (USD MILLION) 88
TABLE 41 CANADA WELDING WIRE MARKET, BY MATERIAL, 2020-2029 (KILO TONS) 88
TABLE 42 CANADA WELDING WIRE MARKET, BY APPLICATION, 2020-2029 (USD MILLION) 89
TABLE 43 CANADA WELDING WIRE MARKET, BY APPLICATION, 2020-2029 (KILO TONS) 89
TABLE 44 CANADA WELDING WIRE MARKET, BY END-USE, 2020-2029 (USD MILLION) 89
TABLE 45 CANADA WELDING WIRE MARKET, BY END-USE, 2020-2029 (KILO TONS) 89
TABLE 46 CANADA AUTOMOTIVE IN WELDING WIRE MARKET, BY TYPE, 2020-2029 (USD MILLION) 90
TABLE 47 CANADA BUILDING & CONSTRUCTION IN WELDING WIRE MARKET, BY TYPE, 2020-2029 (USD MILLION) 90
TABLE 48 CANADA SHIPBUILDING IN WELDING WIRE MARKET, BY TYPE, 2020-2029 (USD MILLION) 90
TABLE 49 CANADA AEROSPACE IN WELDING WIRE MARKET, BY TYPE, 2020-2029 (USD MILLION) 90
TABLE 50 CANADA DEFENCE IN WELDING WIRE MARKET, BY TYPE, 2020-2029 (USD MILLION) 90
TABLE 51 CANADA OIL & GAS IN WELDING WIRE MARKET, BY TYPE, 2020-2029 (USD MILLION) 91
TABLE 52 CANADA OTHERS IN WELDING WIRE MARKET, BY TYPE, 2020-2029 (USD MILLION) 91
TABLE 53 CANADA WELDING WIRE MARKET, BY PRODUCT, 2020-2029 (USD MILLION) 91
TABLE 54 MEXICO WELDING WIRE MARKET, BY TYPE, 2020-2029 (USD MILLION) 92
TABLE 55 MEXICO WELDING WIRE MARKET, BY TYPE, 2020-2029 (KILO TONS) 92
TABLE 56 MEXICO WELDING WIRE MARKET, BY MATERIAL, 2020-2029 (USD MILLION) 92
TABLE 57 MEXICO WELDING WIRE MARKET, BY MATERIAL, 2020-2029 (KILO TONS) 92
TABLE 58 MEXICO WELDING WIRE MARKET, BY APPLICATION, 2020-2029 (USD MILLION) 93
TABLE 59 MEXICO WELDING WIRE MARKET, BY APPLICATION, 2020-2029 (KILO TONS) 93
TABLE 60 MEXICO WELDING WIRE MARKET, BY END-USE, 2020-2029 (USD MILLION) 93
TABLE 61 MEXICO WELDING WIRE MARKET, BY END-USE, 2020-2029 (KILO TONS) 93
TABLE 62 MEXICO AUTOMOTIVE IN WELDING WIRE MARKET, BY TYPE, 2020-2029 (USD MILLION) 94
TABLE 63 MEXICO BUILDING & CONSTRUCTION IN WELDING WIRE MARKET, BY TYPE, 2020-2029 (USD MILLION) 94
TABLE 64 MEXICO SHIPBUILDING IN WELDING WIRE MARKET, BY TYPE, 2020-2029 (USD MILLION) 94
TABLE 65 MEXICO AEROSPACE IN WELDING WIRE MARKET, BY TYPE, 2020-2029 (USD MILLION) 94
TABLE 66 MEXICO DEFENCE IN WELDING WIRE MARKET, BY TYPE, 2020-2029 (USD MILLION) 94
TABLE 67 MEXICO OIL & GAS IN WELDING WIRE MARKET, BY TYPE, 2020-2029 (USD MILLION) 95
TABLE 68 MEXICO OTHERS IN WELDING WIRE MARKET, BY TYPE, 2020-2029 (USD MILLION) 95
TABLE 69 MEXICO WELDING WIRE MARKET, BY PRODUCT, 2020-2029 (USD MILLION) 95

LIST OF FIGURES

FIGURE 1 NORTH AMERICA WELDING WIRE MARKET: SEGMENTATION 16
FIGURE 2 NORTH AMERICA WELDING WIRE MARKET: DATA TRIANGULATION 18
FIGURE 3 NORTH AMERICA WELDING WIRE MARKET: DROC ANALYSIS 19
FIGURE 4 NORTH AMERICA WELDING WIRE MARKET: REGIONAL VS. COUNTRY MARKET ANALYSIS 20
FIGURE 5 NORTH AMERICA WELDING WIRE MARKET: COMPANY RESEARCH ANALYSIS 20
FIGURE 6 NORTH AMERICA WELDING WIRE MARKET: INTERVIEW DEMOGRAPHICS 21
FIGURE 7 NORTH AMERICA WELDING WIRE MARKET: DBMR MARKET POSITION GRID 22
FIGURE 8 NORTH AMERICA WELDING WIRE MARKET: MARKET END-USE COVERAGE GRID 24
FIGURE 9 NORTH AMERICA WELDING WIRE MARKET: SEGMENTATION 29
FIGURE 10 INCREASE IN CONSTRUCTION AND ENGINEERING ACTIVITIES IS EXPECTED TO DRIVE THE NORTH AMERICA WELDING WIRE MARKET IN THE FORECAST PERIOD 30
FIGURE 11 SOLID GAS METAL ARC WELDING WIRE SEGMENT IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF THE NORTH AMERICA WELDING WIRE MARKET IN 2022 & 2029 30
FIGURE 12 U.S. WELDING MATERIAL CONSUMPTION 31
FIGURE 13 IMPORTS OF WELDING WIRES IN THE U.S. (2011-2021) 32
FIGURE 14 PRODUCTION OF IRON ORE IN THE U.S. 34
FIGURE 15 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES OF NORTH AMERICA WELDING WIRE MARKET 46
FIGURE 16 NORTH AMERICA WELDING WIRE MARKET, BY TYPE, 2021 (USD MILLION) 55
FIGURE 17 NORTH AMERICA WELDING WIRE MARKET, BY MATERIAL, 2021 (USD MILLION) 59
FIGURE 18 NORTH AMERICA WELDING WIRE MARKET, BY APPLICATION, 2021 (USD MILLION) 63
FIGURE 19 NORTH AMERICA WELDING WIRE MARKET, BY END-USE, 2021 (USD MILLION) 67
FIGURE 20 NORTH AMERICA WELDING WIRE MARKET, BY PRODUCT, 2021 (USD MILLION) 77
FIGURE 21 NORTH AMERICA WELDING WIRE MARKET: SNAPSHOT (2021) 80
FIGURE 22 NORTH AMERICA WELDING WIRE MARKET: BY COUNTRY (2021) 81
FIGURE 23 NORTH AMERICA WELDING WIRE MARKET: BY COUNTRY (2022 & 2029) 81
FIGURE 24 NORTH AMERICA WELDING WIRE MARKET: BY COUNTRY (2021 & 2029) 82
FIGURE 25 NORTH AMERICA WELDING WIRE MARKET: BY TYPE (2022-2029) 82
FIGURE 26 NORTH AMERICA WELDING WIRE MARKET: COMPANY SHARE 2021 (%) 96