Welding Equipment & Consumables

Growth will be fueled in part by an increasing number of welding applications, such as ultrasonic welding for joining dissimilar materials or the welding of nonferrous metals in aerospace equipment.

US demand to rise 6.4% annually through 2015

Demand in the US for welding equipment and consumables is forecast to increase 6.4 percent annually to $7.1 billion in 2015. Gains will be driven by continued recovery from the economic recession experienced between late 2007 and 2009 in major manufacturing and construction markets. Growth will also be fueled by the increasing number of applications in which various types of welding can be used, such as ultrasonic welding for joining dissimilar materials or the welding of nonferrous metals in aerospace equipment. Although arc, resistance and oxyfuel welding dominate the market, electron beam, friction-stir, laser, and ultrasonic welding methods have found use in aerospace, electronics and packaging applications. The most popular welding methods are used in mature market segments, and demand for them is subject to the cyclical nature of individual markets, although the diversity and number of markets in which welding is used mitigates the effects of this in the welding industry overall.

Arc & resistance welding systems to remain dominant

The welding equipment segment is dominated by arc and resistance welding systems, which accounted for a combined 70 percent of equipment demand in 2010. These will remain the dominant welding techniques, in part due to their successful integration with modern automation techniques that improve weld deposit rates and alleviate the shortage of skilled welders.

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 primarily dependent on the amount of arc and oxyfuel welding activity, though arc welding is the dominant market driver. Demand for consumables, which will benefit from both 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 accounted for 73 percent of all consumables in 2010, with oxyfuel and shielding gases accounting for the rest. Solid wire electrodes are the largest product category for electrodes and filler metal in dollar terms. However, emergent consumable products such as flux- and metal-cored electrodes are the most rapidly growing product segment, having gained increased acceptance in the general marketplace. Among the gases, oxygen and acetylene are dominant in metal joining and cutting. Argon is by far the most commonly used shielding gas, followed by carbon dioxide.

Study Scope

This study analyzes the $5.2 billion US welding equipment and consumables industry. It presents historical demand data for the years 2000, 2005 and 2010, and forecasts for 2015 and 2020 by welding technology, product (e.g., arc welding equipment, resistance welding, oxyfuel welding, laser beam welding, welding electrode and filler metal, shielding gases, oxyfuel gases) and market (e.g., manufacturing, construction, energy and power generation, repair and maintenance).

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 29 industry players, including Lincoln Electric, Illinois Tool Works and Praxair.

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  1. Welding Equipment & Consumables

    $4,900.00

    1. 1 INTRODUCTION

      $126.00

    2. 2 EXECUTIVE SUMMARY

      $149.00

      1. Table | WELDING EQUIPMENT & CONSUMABLES SUPPLY & DEMAND (million dollars)

    3. 3 MARKET ENVIRONMENT

      $1,342.00

      1. 3.1 General

        $82.00

      2. 3.2 Macroeconomic Trends

        $203.00

        1. Table | MACROECONOMIC INDICATORS (billion 2005 dollars)

      3. 3.3 Fixed Investment Trends

        $147.00

        1. Table | NONRESIDENTIAL FIXED INVESTMENT (billion dollars)

      4. 3.4 Manufacturing Sector Outlook

        $181.00

        1. Table | MANUFACTURERS' SHIPMENTS (billion dollars)

      5. 3.5 Metal Product Shipments

        $106.00

        1. Table | METAL PRODUCT SHIPMENTS (billion dollars)

      6. 3.6 Motor Vehicle Production

        $143.00

        1. Table | MOTOR VEHICLE INDICATORS

      7. 3.7 Aerospace & Other Transportation Equipment Outlook

        $105.00

        1. Table | AEROSPACE & OTHER TRANSPORTATION EQUIPMENT SHIPMENTS (billion dollars)

      8. 3.8 Construction Outlook

        $402.00

        1. Table | CONSTRUCTION EXPENDITURES (billion dollars)

        2. 3.8.1 Building Construction Expenditures

          $114.00

        3. 3.8.2 Nonresidential Building Construction

          $123.00

    4. 4 WELDING TECHNOLOGIES

      $2,045.00

      1. 4.1 General

        $82.00

      2. 4.2 Welding Technologies

        $1,872.00

        1. 4.2.1 Arc Welding

          $1,100.00

          1. Table | MAJOR ARC WELDING PROCESSES

        2. 4.2.2 Oxyfuel Welding & Cutting (OFW & OFC)

          $178.00

        3. 4.2.3 Resistance Welding (RW)

          $127.00

        4. 4.2.4 Ultrasonic Welding (USW)

          $98.00

        5. 4.2.5 Laser Beam Welding (LBW)

          $119.00

        6. 4.2.6 Other Welding

          $209.00

      3. 4.3 Automation & the Welding Market

        $116.00

    5. 5 WELDING EQUIPMENT & CONSUMABLES OVERVIEW

      $893.00

      1. 5.1 General

        $83.00

      2. 5.2 Welding Equipment & Consumables Supply & Demand

        $84.00

        1. Table | WELDING EQUIPMENT & CONSUMABLES SUPPLY & DEMAND (million dollars)

      3. 5.3 Foreign Trade

        $216.00

        1. 5.3.1 Welding Equipment

          $82.00

          1. Table | WELDING EQUIPMENT FOREIGN TRADE (million dollars)

        2. 5.3.2 Welding Consumables

          $82.00

          1. Table | WELDING CONSUMABLES FOREIGN TRADE (million dollars)

        3. 5.3.3 Welding Equipment & Consumables Imports by Source

          $82.00

          1. Table | WELDING EQUIPMENT & CONSUMABLES IMPORTS BY SOURCE (million dollars)

        4. 5.3.4 Welding Equipment & Consumables Exports by Destination

          $82.00

          1. Table | WELDING EQUIPMENT & CONSUMABLES EXPORTS BY DESTINATION (million dollars)

      4. 5.4 Pricing Trends

        $186.00

        1. Table | SELECTED WELDING EQUIPMENT & CONSUMABLES PRICING

        2. 5.4.1 Equipment

          $82.00

        3. 5.4.2 Electrodes & Filler Metals

          $82.00

        4. 5.4.3 Gases

          $82.00

      5. 5.5 Historical Market Trends

        $87.00

        1. Table | US WELDING MARKET, 2000-2010

      6. 5.6 Welder Employment Trends

        $82.00

      7. 5.7 Safety & Health Issues

        $171.00

    6. 6 WELDING EQUIPMENT

      $1,198.00

      1. 6.1 General

        $82.00

      2. 6.2 Welding Equipment Supply & Demand

        $1,157.00

        1. Table | WELDING EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. 6.2.1 Arc Welding Equipment

          $216.00

          1. Table | ARC WELDING EQUIPMENT SUPPLY & DEMAND (million dollars)

        3. 6.2.2 Resistance Welding

          $163.00

          1. Table | RESISTANCE WELDING EQUIPMENT SUPPLY & DEMAND (million dollars)

        4. 6.2.3 Oxyfuel Welding & Cutting

          $207.00

          1. Table | OXYFUEL WELDING & CUTTING EQUIPMENT SUPPLY & DEMAND (million dollars)

        5. 6.2.4 Laser Beam Welding

          $152.00

          1. Table | LASER BEAM WELDING EQUIPMENT SUPPLY & DEMAND (million dollars)

        6. 6.2.5 Ultrasonic Welding

          $129.00

          1. Table | ULTRASONIC WELDING EQUIPMENT SUPPLY & DEMAND (million dollars)

        7. 6.2.6 Other Welding Equipment

          $136.00

          1. Table | OTHER WELDING EQUIPMENT SUPPLY & DEMAND (million dollars)

    7. 7 WELDING CONSUMABLES

      $1,633.00

      1. 7.1 General

        $103.00

        1. Table | WELDING CONSUMABLES SUPPLY & DEMAND (million dollars)

      2. 7.2 Welding Electrode & Filler Metal Demand

        $567.00

        1. Table | WELDING ELECTRODE & FILLER METAL DEMAND BY TYPE

        2. 7.2.1 Welding Electrode & Filler Metal Demand by Material

          $82.00

          1. Table | WELDING ELECTRODE & FILLER METAL DEMAND BY MATERIAL

        3. 7.2.2 Welding Electrode & Filler Metal Demand by Type

          $424.00

          1. Table | SOLID WIRE ELECTRODE & FILLER METAL DEMAND

          2. Table | STICK ELECTRODE & FILLER METAL DEMAND

          3. Table | FLUX- & METAL-CORED WELDING ELECTRODE DEMAND

      3. 7.3 Shielding & Oxyfuel Gases

        $962.00

        1. Table | SHIELDING & OXYFUEL GAS DEMAND (million dollars)

        2. 7.3.1 Shielding Gases

          $503.00

          1. Table | SHIELDING GAS DEMAND BY TYPE (million dollars)

          2. Table | ARGON SHIELDING GAS DEMAND

          3. Table | HELIUM SHIELDING GAS DEMAND

          4. Table | CARBON DIOXIDE SHIELDING GAS DEMAND

          5. Table | NITROGEN SHIELDING GAS DEMAND

          6. Table | HYDROGEN SHIELDING GAS DEMAND

        3. 7.3.2 Oxyfuel Gases

          $392.00

          1. Table | OXYFUEL GAS DEMAND BY TYPE (million dollars)

          2. Table | WELDING & CUTTING OXYGEN DEMAND

          3. Table | WELDING & CUTTING ACETYLENE DEMAND

          4. Table | OTHER OXYFUEL GAS DEMAND

    8. 8 MARKETS

      $1,250.00

      1. 8.1 General

        $86.00

        1. Table | WELDING EQUIPMENT & CONSUMABLES DEMAND BY MARKET (million dollars)

      2. 8.2 Manufacturing

        $710.00

        1. Table | MANUFACTURING MARKET FOR WELDING EQUIPMENT & CONSUMABLES (million dollars)

        2. 8.2.1 Fabricated Metal Products

          $110.00

          1. Table | FABRICATED METAL PRODUCTS MARKET FOR WELDING EQUIPMENT & CONSUMABLES (million dollars)

        3. 8.2.2 Transportation Equipment

          $406.00

          1. Table | TRANSPORTATION EQUIPMENT MARKET FOR WELDING EQUIPMENT & CONSUMABLES (million dollars)

          2. Table | MOTOR VEHICLE MARKET FOR WELDING EQUIPMENT & CONSUMABLES (million dollars)

          3. Table | MARINE EQUIPMENT MARKET FOR WELDING EQUIPMENT & CONSUMABLES (million dollars)

          4. Table | AEROSPACE EQUIPMENT MARKET FOR WELDING EQUIPMENT & CONSUMABLES (million dollars)

          5. Table | OTHER TRANSPORTATION EQUIPMENT MARKETS FOR WELDING EQUIPMENT & CONSUMABLES (million dollars)

        4. 8.2.3 Agricultural, Construction & Mining Equipment

          $88.00

          1. Table | AGRICULTURAL, CONSTRUCTION & MINING EQUIPMENT MARKETS FOR WELDING EQUIPMENT & CONSUMABLES (million dollars)

        5. 8.2.4 Other Manufacturing

          $82.00

          1. Table | OTHER MANUFACTURING MARKETS FOR WELDING EQUIPMENT & CONSUMABLES (million dollars)

      3. 8.3 Construction

        $149.00

        1. Table | CONSTRUCTION MARKETS FOR WELDING EQUIPMENT & CONSUMABLES (million dollars)

      4. 8.4 Energy & Power Generation

        $102.00

        1. Table | ENERGY & POWER GENERATION MARKETS FOR WELDING EQUIPMENT & CONSUMABLES (million dollars)

      5. 8.5 Repair & Maintenance

        $126.00

        1. Table | REPAIR & MAINTENANCE MARKETS FOR WELDING EQUIPMENT & CONSUMABLES (million dollars)

      6. 8.6 Consumer & Other

        $82.00

        1. Table | CONSUMER & OTHER MARKETS FOR WELDING EQUIPMENT & CONSUMABLES (million dollars)

    9. 9 INDUSTRY STRUCTURE

      $4,931.00

      1. 9.1 General

        $124.00

        1. Table | US WELDING EQUIPMENT & CONSUMABLES SALES BY COMPANY, 2010 (million dollars)

      2. 9.2 Market Share

        $315.00

        1. 9.2.1 Leading Companies

          $195.00

        2. 9.2.2 Leading Welding Equipment Producers

          $82.00

        3. 9.2.3 Leading Consumable Electrode & Filler Metal Producers

          $82.00

        4. 9.2.4 Leading Oxyfuel & Shielding Gas Producers

          $82.00

      3. 9.3 Competitive Strategies

        $144.00

      4. 9.4 Product Development & Manufacturing

        $162.00

      5. 9.5 Distribution & Marketing

        $125.00

      6. 9.6 Mergers, Acquisitions & Industry Restructuring

        $82.00

        1. Table | SELECTED ACQUISITIONS & DIVESTITURES

      7. 9.7 Company Profiles

        $4,157.00

        1. 9.7.1 Air Products and Chemicals Incorporated

          $112.00

        2. 9.7.2 Airgas Incorporated

          $82.00

        3. 9.7.3 ARCON Welding LLC

          $91.00

        4. 9.7.4 Atlantic China Welding Consumables Incorporated

          $82.00

        5. 9.7.5 CenterLine Windsor Limited

          $93.00

        6. 9.7.6 Charter International plc

          $288.00

        7. 9.7.7 DAIHEN Corporation

          $103.00

        8. 9.7.8 Denyo Company Limited

          $82.00

        9. 9.7.9 Doncasters Group Limited

          $82.00

        10. 9.7.10 Fronius International GmbH

          $165.00

        11. 9.7.11 Illinois Tool Works Incorporated

          $478.00

        12. 9.7.12 Kaierda Group Limited

          $82.00

        13. 9.7.13 L'Air Liquide SA

          $83.00

        14. 9.7.14 Lincoln Electric Holdings Incorporated

          $347.00

        15. 9.7.15 Linde Group

          $119.00

        16. 9.7.16 Manufacturing Technology Incorporated

          $164.00

        17. 9.7.17 Miyachi Corporation

          $178.00

        18. 9.7.18 NIMAK GmbH

          $100.00

        19. 9.7.19 OBARA Corporation

          $82.00

        20. 9.7.20 Panasonic Corporation

          $123.00

        21. 9.7.21 Praxair Incorporated

          $122.00

        22. 9.7.22 Rofin-Sinar Technologies Incorporated

          $217.00

        23. 9.7.23 Schunk Group

          $82.00

        24. 9.7.24 Sonics & Materials Incorporated

          $114.00

        25. 9.7.25 Taylor-Winfield Technologies Incorporated

          $103.00

        26. 9.7.26 Thermadyne Holdings Corporation

          $303.00

        27. 9.7.27 Tianjin Bridge Welding Materials Group Company Limited

          $82.00

        28. 9.7.28 TRUMPF Group

          $95.00

        29. 9.7.29 voestalpine AG

          $225.00

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