Product Code: ETC352764 | Publication Date: Aug 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India welding equipment, accessories & consumables market import shipment demonstrated a robust growth trend with a notable CAGR from 2020-2024. The market notably accelerated in growth between 2023 and 2024, indicating a strong upward momentum. Overall, the market significantly expanded during this period, showcasing a positive trajectory.
The India welding equipment accessories & consumables market was valued at approximately USD 3 billion and is anticipated to reach nearly USD 4 billion due to increased demand from construction activities as well as automotive manufacturing sector across India. Further supportive government initiatives such as Make In India campaign along with focus on renewable energy sources have propelled the expansion of the welding industry within India which has further led to an increase in demand for high quality equipments accessories including O-rings , filler metals , shielding gases etc., thereby driving its overall market value during forecasted time frame.
The India welding equipment accessories consumables market is driven by several key factors. One of the primary drivers is the growth of the welding industry in India. With the expanding manufacturing and construction sectors, the demand for welding equipment and consumables, such as electrodes, wires, and gases, has increased. Moreover, the adoption of advanced welding technologies, such as MIG/MAG and TIG welding, has boosted the demand for consumables that are compatible with these processes.
The India welding equipment accessories consumables market faces challenges related to the continuous need for product innovation and improvement. As welding technologies evolve, the demand for advanced welding consumables may increase. Manufacturers need to invest in research and development to stay competitive in the market. Moreover, ensuring consistent product quality and performance is essential to gain and retain customer trust. Inconsistent or substandard consumables can result in weld defects and compromise the overall welding process.
The India welding equipment accessories consumables market experienced challenges during the COVID-19 pandemic, primarily related to supply chain disruptions and logistics issues. The movement of goods and raw materials was affected due to lockdowns, leading to temporary shortages and delays in production and distribution. Additionally, with reduced industrial activities during the initial stages of the pandemic, there was a decrease in the demand for welding consumables in certain sectors. However, the gradual recovery of industrial operations and the adaptation to new safety measures fueled the market`s revival.
Prominent players in the India welding equipment accessories consumables market include Lincoln Electric India Pvt. Ltd., Ador Welding Limited, ESAB India Limited, Kobelco Welding India Pvt. Ltd., and Voestalpine B?hler Welding India Pvt. Ltd. These companies offer a wide range of welding consumables, including electrodes, wires, and gases, along with welding equipment accessories, catering to the needs of industries and welders across the country.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Welding Equipment, Accessories & Consumables Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Welding Equipment, Accessories & Consumables Market Revenues & Volume, 2021 & 2031F |
3.3 India Welding Equipment, Accessories & Consumables Market - Industry Life Cycle |
3.4 India Welding Equipment, Accessories & Consumables Market - Porter's Five Forces |
3.5 India Welding Equipment, Accessories & Consumables Market Revenues & Volume Share, By Equipment, 2021 & 2031F |
3.6 India Welding Equipment, Accessories & Consumables Market Revenues & Volume Share, By Consumable, 2021 & 2031F |
3.7 India Welding Equipment, Accessories & Consumables Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.8 India Welding Equipment, Accessories & Consumables Market Revenues & Volume Share, By End-Use Industry, 2021 & 2031F |
4 India Welding Equipment, Accessories & Consumables Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing government investments in infrastructure projects |
4.2.2 Growing demand for automobiles and construction activities |
4.2.3 Technological advancements leading to higher efficiency in welding processes |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials |
4.3.2 Lack of skilled labor in the welding industry |
4.3.3 Environmental regulations impacting manufacturing processes |
5 India Welding Equipment, Accessories & Consumables Market Trends |
6 India Welding Equipment, Accessories & Consumables Market, By Types |
6.1 India Welding Equipment, Accessories & Consumables Market, By Equipment |
6.1.1 Overview and Analysis |
6.1.2 India Welding Equipment, Accessories & Consumables Market Revenues & Volume, By Equipment, 2021-2031F |
6.1.3 India Welding Equipment, Accessories & Consumables Market Revenues & Volume, By Electrodes & Filler Metal Equipment, 2021-2031F |
6.1.4 India Welding Equipment, Accessories & Consumables Market Revenues & Volume, By Oxy-fuel Gas Equipment, 2021-2031F |
6.1.5 India Welding Equipment, Accessories & Consumables Market Revenues & Volume, By Other Equipment, 2021-2031F |
6.1.6 India Welding Equipment, Accessories & Consumables Market Revenues & Volume, By Based on the Accessory, 2021-2031F |
6.1.7 India Welding Equipment, Accessories & Consumables Market Revenues & Volume, By Protective Gear, 2021-2031F |
6.1.8 India Welding Equipment, Accessories & Consumables Market Revenues & Volume, By Gas Manifolds, 2021-2031F |
6.1.9 India Welding Equipment, Accessories & Consumables Market Revenues & Volume, By Gas Panels, 2021-2031F |
6.1.10 India Welding Equipment, Accessories & Consumables Market Revenues & Volume, By Gas Panels, 2021-2031F |
6.2 India Welding Equipment, Accessories & Consumables Market, By Consumable |
6.2.1 Overview and Analysis |
6.2.2 India Welding Equipment, Accessories & Consumables Market Revenues & Volume, By Electrodes & Filler Materials, 2021-2031F |
6.2.3 India Welding Equipment, Accessories & Consumables Market Revenues & Volume, By Gases, 2021-2031F |
6.2.4 India Welding Equipment, Accessories & Consumables Market Revenues & Volume, By Fluxes & Wires, 2021-2031F |
6.3 India Welding Equipment, Accessories & Consumables Market, By Technology |
6.3.1 Overview and Analysis |
6.3.2 India Welding Equipment, Accessories & Consumables Market Revenues & Volume, By Arc Welding, 2021-2031F |
6.3.3 India Welding Equipment, Accessories & Consumables Market Revenues & Volume, By Oxy-fuel Welding, 2021-2031F |
6.3.4 India Welding Equipment, Accessories & Consumables Market Revenues & Volume, By Others, 2021-2031F |
6.4 India Welding Equipment, Accessories & Consumables Market, By End-Use Industry |
6.4.1 Overview and Analysis |
6.4.2 India Welding Equipment, Accessories & Consumables Market Revenues & Volume, By General Fabrication, 2021-2031F |
6.4.3 India Welding Equipment, Accessories & Consumables Market Revenues & Volume, By Power Generation, 2021-2031F |
6.4.4 India Welding Equipment, Accessories & Consumables Market Revenues & Volume, By Automotive, 2021-2031F |
6.4.5 India Welding Equipment, Accessories & Consumables Market Revenues & Volume, By Construction & Infrastructure, 2021-2031F |
6.4.6 India Welding Equipment, Accessories & Consumables Market Revenues & Volume, By Heavy Fabrication, 2021-2031F |
6.4.7 India Welding Equipment, Accessories & Consumables Market Revenues & Volume, By Shipbuilding, 2021-2031F |
6.4.8 India Welding Equipment, Accessories & Consumables Market Revenues & Volume, By Offshore, 2021-2031F |
6.4.9 India Welding Equipment, Accessories & Consumables Market Revenues & Volume, By Offshore, 2021-2031F |
7 India Welding Equipment, Accessories & Consumables Market Import-Export Trade Statistics |
7.1 India Welding Equipment, Accessories & Consumables Market Export to Major Countries |
7.2 India Welding Equipment, Accessories & Consumables Market Imports from Major Countries |
8 India Welding Equipment, Accessories & Consumables Market Key Performance Indicators |
8.1 Adoption rate of automated welding technologies |
8.2 Percentage of welding equipment manufacturers investing in RD |
8.3 Utilization rate of welding equipment in key industries |
8.4 Number of welding certifications obtained by professionals |
8.5 Energy efficiency improvement in welding processes |
9 India Welding Equipment, Accessories & Consumables Market - Opportunity Assessment |
9.1 India Welding Equipment, Accessories & Consumables Market Opportunity Assessment, By Equipment, 2021 & 2031F |
9.2 India Welding Equipment, Accessories & Consumables Market Opportunity Assessment, By Consumable, 2021 & 2031F |
9.3 India Welding Equipment, Accessories & Consumables Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.4 India Welding Equipment, Accessories & Consumables Market Opportunity Assessment, By End-Use Industry, 2021 & 2031F |
10 India Welding Equipment, Accessories & Consumables Market - Competitive Landscape |
10.1 India Welding Equipment, Accessories & Consumables Market Revenue Share, By Companies, 2024 |
10.2 India Welding Equipment, Accessories & Consumables Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |