India Welding Wires Market Import Shipment Trend (2020-2024)
The India welding wires market import shipments demonstrated a modest growth trend from 2020 to 2024, with a CAGR of 1.1. However, there was a slight decline in growth momentum between 2023 and 2024, with a negative growth rate of -1.5%. Overall, the market showed signs of stabilization towards the end of the period.
India Welding Wires Market Synopsis
The India welding wires market was estimated at USD 690 million in 2025 and is anticipated to reach a value of USD 929.2 million, with a CAGR of 5.7% over the forecast period. India has been witnessing significant growth in demand for welding wires from various end-user industries such as automotive, construction & infrastructure, and heavy machinery manufacturing. The growth can be attributed to increasing investments in the infrastructure sector coupled with rising consumer spending on automobiles as well as an upsurge in industrial production across numerous sectors. Additionally, rapid urbanisation and industrialisation have also contributed significantly towards increased demand for welding wires from different applications across multiple industries such as oil & gas pipeline construction, pressure vessels & tanks fabrication, shipbuilding activities etc., further propelling the growth of this industry.
Market Drivers of the market
The welding wires market in India is driven by several key factors. Firstly, the growth of the automotive and manufacturing industries has increased the demand for welding wires in various fabrication and assembly processes. Secondly, the rise in infrastructure projects, such as bridges and buildings, has further boosted the demand for welding wires in the construction sector.
Challenges of the Market
The welding wires market in India faces distinctive challenges that impact its growth and market dynamics. One significant challenge is the need for skilled labor and welders capable of using different types of welding wires effectively. Additionally, the market contends with fluctuations in metal prices, as welding wires are often made of various metals like steel, aluminum, and copper, making the industry sensitive to commodity price changes.
Covid-19 Impact on the Market
The India welding wires market faced challenges during the COVID-19 pandemic as manufacturing and infrastructure projects were put on hold. The reduced demand from industries impacted the sales of welding wires. However, as economic activities resumed, the market showed signs of recovery, driven by the construction, automotive, and manufacturing sectors.
Key Players of the Market
In the India welding wires market, key players include Ador Welding Limited, Esab India Limited, and Lincoln Electric. With the growth of the manufacturing and construction industries, welding wires are essential for various welding processes, and these companies are leading the market with their innovative solutions.
Key Highlights of the Report:
- India Welding Wires Market Outlook
- Market Size of India Welding Wires Market, 2024
- Forecast of India Welding Wires Market, 2031
- Historical Data and Forecast of India Welding Wires Revenues & Volume for the Period 2021-2031
- India Welding Wires Market Trend Evolution
- India Welding Wires Market Drivers and Challenges
- India Welding Wires Price Trends
- India Welding Wires Porter's Five Forces
- India Welding Wires Industry Life Cycle
- Historical Data and Forecast of India Welding Wires Market Revenues & Volume By Product Type for the Period 2021-2031
- Historical Data and Forecast of India Welding Wires Market Revenues & Volume By Composite Metal-Cored Wires for the Period 2021-2031
- Historical Data and Forecast of India Welding Wires Market Revenues & Volume By Gas-Shielded Flux-Cored Arc Welding Wire for the Period 2021-2031
- Historical Data and Forecast of India Welding Wires Market Revenues & Volume By Solid Gas Metal Arc Welding Wire for the Period 2021-2031
- Historical Data and Forecast of India Welding Wires Market Revenues & Volume By Material for the Period 2021-2031
- Historical Data and Forecast of India Welding Wires Market Revenues & Volume By Alloys for the Period 2021-2031
- Historical Data and Forecast of India Welding Wires Market Revenues & Volume By Stainless Steel for the Period 2021-2031
- Historical Data and Forecast of India Welding Wires Market Revenues & Volume By Aluminium for the Period 2021-2031
- Historical Data and Forecast of India Welding Wires Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of India Welding Wires Market Revenues & Volume By Application for the Period 2021-2031
- Historical Data and Forecast of India Welding Wires Market Revenues & Volume By Fabrication for the Period 2021-2031
- Historical Data and Forecast of India Welding Wires Market Revenues & Volume By Maintenance for the Period 2021-2031
- Historical Data and Forecast of India Welding Wires Market Revenues & Volume By Retrofit for the Period 2021-2031
- Historical Data and Forecast of India Welding Wires Market Revenues & Volume By Business Type for the Period 2021-2031
- Historical Data and Forecast of India Welding Wires Market Revenues & Volume By Original Equipment Manufacturer (OEM) for the Period 2021-2031
- Historical Data and Forecast of India Welding Wires Market Revenues & Volume By Aftermarket for the Period 2021-2031
- Historical Data and Forecast of India Welding Wires Market Revenues & Volume By End User Industry for the Period 2021-2031
- Historical Data and Forecast of India Welding Wires Market Revenues & Volume By Automotive for the Period 2021-2031
- Historical Data and Forecast of India Welding Wires Market Revenues & Volume By Construction for the Period 2021-2031
- Historical Data and Forecast of India Welding Wires Market Revenues & Volume By Aerospace for the Period 2021-2031
- Historical Data and Forecast of India Welding Wires Market Revenues & Volume By Defence for the Period 2021-2031
- Historical Data and Forecast of India Welding Wires Market Revenues & Volume By Shipbuilding for the Period 2021-2031
- Historical Data and Forecast of India Welding Wires Market Revenues & Volume By Others for the Period 2021-2031
- India Welding Wires Import Export Trade Statistics
- Market Opportunity Assessment By Product Type
- Market Opportunity Assessment By Material
- Market Opportunity Assessment By Application
- Market Opportunity Assessment By Business Type
- Market Opportunity Assessment By End User Industry
- India Welding Wires Top Companies Market Share
- India Welding Wires Competitive Benchmarking By Technical and Operational Parameters
- India Welding Wires Company Profiles
- India Welding Wires Key Strategic Recommendations