북미 용접 와이어 시장 – 2029년까지의 산업 동향 및 예측

 북미 용접 와이어 시장 분석 및 규모

용접은 자동차 산업에서 다양한 자동차 부품을 제조하는 데 광범위하게 사용됩니다. 또한 철도 또는 지하철 프로젝트에서 레일을 연결하는 운송 산업에서도 사용되며, 용접은 매끄럽고 견고하며 내구성 있는 조인트를 제공합니다. 이로 인해 제작 공정으로서 용접 사용이 증가하여 용접 와이어에 대한 수요가 증가했습니다. 석유 및 가스 산업과 수처리 및 공급 시설에서 정유소와 공급 시스템의 수가 증가함에 따라 북미 용접 와이어 시장이 성장할 것으로 예상됩니다. 사용 편의성과 조인트의 강도가 우수하여 잠재적 구매자에게 이점이 됩니다. 다양한 유형의 용접을 위한 광범위한 용접 와이어가 시장에 출시되어 북미 용접 와이어 시장이 더욱 성장합니다.

Data Bridge Market Research는 북미 용접 와이어 시장이 2029년까지 2,296.27백만 달러에 도달할 것으로 예상하며, 예측 기간 동안 CAGR은 2.7%라고 분석했습니다. 용접 와이어 시장 보고서는 또한 가격 분석, 특허 분석 및 기술 발전에 대한 심층적인 내용을 다룹니다.

시장 정의

Welding wires, commonly referred to as welding consumables, are thin metallic rods that ignite when electricity is applied, creating a hot arc that is further used to fuse metal components. The welding wires melt while joining two metals to serve as a filler material, strengthen the junction and thereby protect the molten weld from various atmospheric containments. Since welding wires are a consumable product that is in high demand, therefore the welding wire market is anticipated to grow significantly over the forecasted years.

Welding Wire Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges.

Drivers

• Increasing construction and engineering activities across the region

The construction and engineering industries are responsible for creating all kinds of structures with varying sizes, levels of complexity and uses. ‘‘The structural integrity of the framework and component's durability, are the most important considerations in this industry. This is why the construction industry employs a huge quantity of metals. Welding technologies are widely used in construction, mainly for fabricating structurally sound metal frameworks by fusing various components. It is also used to create and maintain non-structural details. Therefore, increasing construction and engineering activities across the region are driving market growth.

• Technological advancements in consumables and welding wire

Nowadays, multiple wires are used to increase the productivity in the various welding processes, allowing a remarkably increased welding speed for steel, stainless steel and aluminum. Another new way to improve productivity is to use double filler wires. Both wires can be connected to the same power unit, which means they share a familiar arc. This method is also known as twin arc. Two-wire processes such as tandem welding and double welding wire are classified depending on whether one common or two separated potentials are applied to the wire. Over the past years, tandem welding has established itself as a reliable joining method in high-performance welding. It meets the demand for modern mechanized welding, thereby raising productivity. Such technological advancements are driving market growth.

Opportunity

• Increase in business development and expansion activities by organizations

Expanding the business could connect more people to the company's products and services. They will be able to convert more clients and boost their sales by expanding the customer base. As a result of this, profits may increase in the future. Customers are crucial to the success of any company, just like the team members are. Also, the company may be better positioned to get the required funding if it can successfully expand it. This capital might be a lifeline for the company during the expansion process and once the expansion has taken place, they can still rely on it. This helps make awareness and increase the organization's profit and creates scope for sustainable growth. Furthermore, this helps the company to get recognized in the premium market. An increasing number of business developments and expansion activities by organizations are creating many opportunities for the market players.

Restraint/Challenge

• Higher costs associated with welding wires and consumables

In today's world, fabricators have many choices in deciding the best welding process and consumables to use in a particular application. Many considerations are necessary, including welder skill, equipment, availability of the consumables, environmental issues and the economics of the process. When deciding on the implementation of any fabrication process, the welders always look for a feasible solution with a low-cost process. Moreover, pre-and post-weld activities, product flow, inventory management and the equipment affect the welding operations' quality, productivity and profitability. The filler metal is essential as it can create costs in many ways that may not be immediately apparent. These hidden costs can generate a lot of difference between maintaining a gainful, competitive welding operation and keeping up with the rest of the industry.

• Increase in labor costs in the welding process

Labour costs account for a significant amount of the total welding costs. A welder is compensated hourly and has a limited capacity to complete a set number of components per hour. Of course, this figure can vary depending on the welder's training and experience. Only a certain amount of welded material can be produced by a welder during the allotted working time. Since various requirements must be met for welding operations and laborer’s hourly wages are rising daily, welding expenses have naturally increased.

Post-COVID-19 Impact on Welding Wire Market

COVID-19 significantly impacted the welding wire market as almost every country has opted for the shutdown for every production facility except those dealing in producing the essential goods.

The COVID-19 pandemic has impacted the welding wire market to an extent a negative manner. So, the market has resulted in a lower estimated year-on-year growth rate as compared with 2019 because of the fewer activities in the sectors associated with the welding wire market. However, the growth has been high since the market opened after COVID-19 and it is expected that there will be considerable growth in the sector owing to increasing demand for automotive, building & construction industries.

Manufacturers & solution providers are making various strategic decisions to bounce back post-COVID-19. The players are conducting multiple research and development activities to improve the technology involved in welding wire. With this, the companies will bring advanced technologies to the market. In addition, government initiatives for electric vehicle usage have led to the market's growth.

Recent Developments

•  In November 2021, Hobart Brothers LLC introduced its new gas-shielded flux-cored wire named FabCO 91K2-M. Without compromising on quality or mechanical properties, these new wires give operators the flexibility to work within a larger range of welding parameters. This will enhance the product portfolio of the company.
• In October 2019, voestalpine Böhler Welding Group GmbH introduced its first manufacturing facility in U.S. Local production is a crucial step for voestalpine Böhler Welding to expand further its product line in the U.S. This will increase the global reach of the company.

North America Welding Wire Market Scope

The welding wire market is segmented based on type, material, application and end-use.

The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.       

Type

• Solid Gas Metal Arc Welding Wire
• Composite Metal-Cored Wires
• Gas-Shielded Flux-Cored Arc Welding Wire

On the basis of type, the North America welding wire market is segmented into solid gas metal arc welding wire, composite metal-cored wires and gas-shielded flux-cored arc welding wire.

Material

• Alloys
• Stainless Steel
• Aluminum
• Others

On the basis of material, the North America welding wire market has been segmented into alloys, stainless steel, aluminum and others.

Application

• Fabrication
• Repair & Maintenance
• Retrofit

On the basis of application, the North America welding wire market is segmented into fabrication, repair & maintenance and retrofit.

End-Use

• Automotive
• Building & Construction
• Aerospace
• Defense
• Oil & Gas
• Shipbuilding
• Others

On the basis of end-use, the North America welding wire market is segmented into automotive, building & construction, aerospace, defense, oil & gas, shipbuilding and others.

Welding Wire Market Regional Analysis/Insights

용접 와이어 시장을 분석하고, 위에 참조된 대로 국가, 재료, 유형, 응용 분야 및 최종 용도별로 시장 규모에 대한 통찰력과 추세를 제공합니다.

용접 와이어 시장 보고서에서 다루는 국가는 미국, 캐나다, 멕시코입니다. 미국은 선진 산업 인프라, 정부 이니셔티브, 용접 기술 교육 프로그램에 대한 투자로 인해 북미 지역을 지배하고 있습니다.

보고서의 국가 섹션은 또한 현재 및 미래 시장 추세에 영향을 미치는 개별 시장 영향 요인과 시장 규제의 변화를 제공합니다. 다운스트림 및 업스트림 가치 사슬 분석, 기술 추세 및 포터의 5가지 힘 분석, 사례 연구와 같은 데이터 포인트는 개별 국가의 시장 시나리오를 예측하는 데 사용되는 몇 가지 포인터입니다. 또한 북미 브랜드의 존재 및 가용성과 지역 및 국내 브랜드와의 대규모 또는 희소한 경쟁으로 인해 직면한 과제, 국내 관세 및 무역 경로의 영향은 국가 데이터에 대한 예측 분석을 제공하는 동안 고려됩니다.   

경쟁 환경 및 용접 와이어 시장 점유율 분석

북미 용접 와이어 시장 경쟁 구도는 경쟁자별 세부 정보를 제공합니다. 포함된 세부 정보는 회사 개요, 회사 재무, 창출된 수익, 시장 잠재력, 연구 개발 투자, 새로운 시장 이니셔티브, 글로벌 입지, 생산 현장 및 시설, 생산 용량, 회사의 강점과 약점, 제품 출시, 제품 폭과 범위, 응용 분야 우세입니다. 위에 제공된 데이터 포인트는 용접 와이어 시장과 관련된 회사의 초점에만 관련이 있습니다.

북미 용접 와이어 시장의 주요 기업으로는 voestalpine Böhler Welding Group GmbH, The Lincoln Electric Company, Berkenhoff GmbH, Saarstahl AG, US Titanium Industry Inc., KOBE STEEL, LTD., ESAB, WeldWire, Venus Wire Industries Pvt. Ltd., National Standard, American Welding Products, Inc., LUVATA 및 Hobart Brothers LLC(Illinois Tool Works Inc.의 자회사) 등이 있습니다.

SKU-68756