| Product Code: ETC4493065 | Publication Date: Jul 2023 | Product Type: Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India welding materials market import shipment demonstrated a robust CAGR from 2020 to 2024 at 19.8%, indicating significant expansion. The growth rate between 2023 and 2024, although slightly lower at 11.4%, still reflects a strong upward momentum, suggesting continued market growth during this period.
The India Welding Materials Market is expanding in response to the growth of the manufacturing and construction industries. Welding materials, including electrodes, wires, and gases, are essential for joining metals and fabricating structures. The market`s growth is driven by the need for reliable welding solutions in various industrial applications.
The India welding materials market is expanding as a result of the growing industrial and manufacturing sectors. Welding materials, including electrodes, wires, and gases, are crucial for various applications, such as construction, automotive manufacturing, and shipbuilding. The demand for high-quality welding materials is driven by infrastructure development, automotive production, and the need for efficient and reliable welding solutions. Additionally, advancements in welding technology, including automation and robotic welding, further stimulate the adoption of quality welding materials.
The welding materials market in India confronts challenges regarding the adoption of advanced welding techniques and materials. Industries are looking for efficient and high-quality welding solutions that minimize defects and enhance productivity. The need for skilled welders to work with advanced materials and technologies is a significant challenge. The market also faces competition from imported welding materials and equipment.
The welding materials market had to cope with a reduction in manufacturing activities. However, the maintenance and repair segments, especially in essential industries like automotive and healthcare, remained active.
Key players like Ador Welding and ESAB India are influential in India welding materials market. These companies manufacture a diverse range of welding materials and equipment used in various industrial and construction applications.
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 Materials Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Welding Materials Market Revenues & Volume, 2021 & 2031F |
3.3 India Welding Materials Market - Industry Life Cycle |
3.4 India Welding Materials Market - Porter's Five Forces |
3.5 India Welding Materials Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Welding Materials Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 India Welding Materials Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 India Welding Materials Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing infrastructure development projects in India leading to higher demand for welding materials |
4.2.2 Growth in the automotive and transportation sector requiring welding materials for manufacturing and repairs |
4.2.3 Technological advancements in welding processes driving the adoption of new and specialized welding materials |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the cost of welding materials production |
4.3.2 Lack of skilled labor in the welding industry affecting the adoption and usage of advanced welding materials |
4.3.3 Stringent regulations and standards governing the use of welding materials leading to compliance challenges for manufacturers |
5 India Welding Materials Market Trends |
6 India Welding Materials Market, By Types |
6.1 India Welding Materials Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Welding Materials Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Welding Materials Market Revenues & Volume, By Electrodes & Filler Materials, 2021-2031F |
6.1.4 India Welding Materials Market Revenues & Volume, By Fluxes & Wires, 2021-2031F |
6.1.5 India Welding Materials Market Revenues & Volume, By Gases, 2021-2031F |
6.2 India Welding Materials Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 India Welding Materials Market Revenues & Volume, By Arc, 2021-2031F |
6.2.3 India Welding Materials Market Revenues & Volume, By Resistance, 2021-2031F |
6.2.4 India Welding Materials Market Revenues & Volume, By Oxy-Fuel Welding, 2021-2031F |
6.3 India Welding Materials Market, By End Use Industry |
6.3.1 Overview and Analysis |
6.3.2 India Welding Materials Market Revenues & Volume, By Transportation, 2021-2031F |
6.3.3 India Welding Materials Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.3.4 India Welding Materials Market Revenues & Volume, By Heavy Industries, 2021-2031F |
7 India Welding Materials Market Import-Export Trade Statistics |
7.1 India Welding Materials Market Export to Major Countries |
7.2 India Welding Materials Market Imports from Major Countries |
8 India Welding Materials Market Key Performance Indicators |
8.1 Adoption rate of advanced welding materials in key industries such as construction, automotive, and manufacturing |
8.2 Investment in research and development for innovative welding materials and processes |
8.3 Number of welding certifications obtained by professionals in India |
8.4 Environmental impact assessment of welding materials usage |
8.5 Percentage of manufacturers offering eco-friendly welding materials in their product portfolio |
9 India Welding Materials Market - Opportunity Assessment |
9.1 India Welding Materials Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Welding Materials Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 India Welding Materials Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 India Welding Materials Market - Competitive Landscape |
10.1 India Welding Materials Market Revenue Share, By Companies, 2024 |
10.2 India Welding Materials Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |