| Product Code: ETC309924 | Publication Date: Aug 2022 | Product Type: Market Research Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India welding market import shipments saw a significant growth trend from 2020 to 2024, with a notable CAGR of 28.2%. The market exhibited strong momentum with an 18.5% growth rate between 2023 and 2024, indicating continued expansion and a robust upward trajectory.
The welding market in India is estimated to grow at a CAGR of 6.6% from 2025-2031, reaching an estimated value of US$ 8.1 Billion by 2025. It is expected to be driven by infrastructure development and increasing demand from the automotive sector. The industrial segment accounts for the major share among other end-users including construction, energy & power, aerospace & defense and others. In terms of product type, Arc welding holds a significant part while MIG/MAG welding is projected to have higher growth rate during forecast period due to its growing acceptance in various industries such as automotive and electronics manufacturing industry.
The India welding market is witnessing significant growth as the manufacturing and construction sectors invest in welding solutions for various applications. This market`s outlook is driven by factors such as the increasing demand for fabricated metal products in automotive, construction, and engineering industries, the growth of infrastructure and real estate projects, and the adoption of welding techniques for their versatility and strength in joining materials. Additionally, the development of advanced welding technologies, such as laser and robotic welding, and the rising focus on skilled labor and safety in welding operations are further contributing to market growth. The market is also benefiting from government initiatives to boost manufacturing and infrastructure development in the country.
One of the key challenges in the India welding market is the shortage of skilled welders and the need for training and certification programs. Welding requires specialized skills and expertise, and the availability of qualified welders can be limited. To address this challenge, manufacturers and government agencies need to invest in skill development and vocational training to meet the growing demand for welding services.
The India welding market is experiencing growth as the manufacturing and construction sectors invest in modern and automated welding solutions. This market`s outlook is driven by factors such as the increasing demand for welding in automotive, infrastructure, and heavy engineering applications, the growth of the metal fabrication industry, and the adoption of welding equipment for its efficiency and quality in joining metals. Additionally, the development of advanced welding technologies and the rising focus on robotics and automation in welding processes are further contributing to market growth. The market faced some impact during the COVID-19 pandemic due to disruptions in industrial activities and supply chain challenges. However, it is expected to recover with the resumption of manufacturing operations and the growing demand for welding services.
The India welding market is witnessing significant growth as the manufacturing and construction sectors seek efficient and automated welding solutions. This market`s outlook is driven by factors such as the increasing demand for welding in automotive, infrastructure, and industrial projects, the growth of metal fabrication and construction activities, and the adoption of welding technologies for their ability to provide strong and reliable joints. Additionally, the development of robotic and automated welding systems and the rising focus on welding safety and quality are further contributing to market growth. Key players in the India welding market include Lincoln Electric Company, Panasonic Corporation, and ESAB, among others.
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 Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Welding Market Revenues & Volume, 2021 & 2031F |
3.3 India Welding Market - Industry Life Cycle |
3.4 India Welding Market - Porter's Five Forces |
3.5 India Welding Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 India Welding Market Revenues & Volume Share, By Welding Type, 2021 & 2031F |
3.7 India Welding Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Welding Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing industrialization and infrastructure development in India |
4.2.2 Growth in the automotive and construction sectors driving demand for welding services and equipment |
4.2.3 Government initiatives promoting domestic manufacturing and 'Make in India' campaign |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices impacting production costs |
4.3.2 Lack of skilled labor in the welding industry |
4.3.3 Increasing competition from alternative joining technologies like adhesive bonding and mechanical fastening |
5 India Welding Market Trends |
6 India Welding Market, By Types |
6.1 India Welding Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 India Welding Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 India Welding Market Revenues & Volume, By Welding Equipment, 2021-2031F |
6.1.4 India Welding Market Revenues & Volume, By Consumables, 2021-2031F |
6.2 India Welding Market, By Welding Type |
6.2.1 Overview and Analysis |
6.2.2 India Welding Market Revenues & Volume, By Arc, 2021-2031F |
6.2.3 India Welding Market Revenues & Volume, By Resistance, 2021-2031F |
6.2.4 India Welding Market Revenues & Volume, By Oxy-Acetylene Gas, 2021-2031F |
6.2.5 India Welding Market Revenues & Volume, By Solid State, 2021-2031F |
6.2.6 India Welding Market Revenues & Volume, By Others, 2021-2031F |
6.3 India Welding Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 India Welding Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.3 India Welding Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.3.4 India Welding Market Revenues & Volume, By Heavy Engineering, 2021-2031F |
6.3.5 India Welding Market Revenues & Volume, By Railway & Shipbuilding, 2021-2031F |
6.3.6 India Welding Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.3.7 India Welding Market Revenues & Volume, By Others, 2021-2031F |
7 India Welding Market Import-Export Trade Statistics |
7.1 India Welding Market Export to Major Countries |
7.2 India Welding Market Imports from Major Countries |
8 India Welding Market Key Performance Indicators |
8.1 Utilization rate of welding equipment and services |
8.2 Number of welding certifications issued |
8.3 Percentage of welding defects detected and rectified |
8.4 Energy efficiency of welding processes |
8.5 Adoption rate of advanced welding technologies and automation in the industry |
9 India Welding Market - Opportunity Assessment |
9.1 India Welding Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 India Welding Market Opportunity Assessment, By Welding Type, 2021 & 2031F |
9.3 India Welding Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Welding Market - Competitive Landscape |
10.1 India Welding Market Revenue Share, By Companies, 2024 |
10.2 India Welding Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |