Summary

Welding materials are various flux and filler metals that are used in the welding process. The flux acts as a deoxidizer, preventing metal oxidation, whereas the filler metals help to hold the object's joints together. The key factors driving the market's growth are rapid industrialization and urbanisation, which are increasing demand for improved infrastructural facilities across India. Furthermore, significant growth in the manufacturing industries is boosting the market's outlook. In line with this, rising demand for welding consumables in the energy sector is fueling market expansion. Welding consumables are used in power plants for plant maintenance and the construction of on-site storage tanks for liquefied gases. Other factors, such as extensive growth in the automotive industry and various technological advancements, such as the use of dissimilar metal welding via fiber lasers in the production of electric cars, are expected to drive the market further in the country. Furthermore, The Indian welding equipment and consumables market is expected to benefit from the growth of the railway industry in India. The increasing demand for railway equipment such as locomotives, wagons, and coaches is expected to drive the demand for welding equipment and consumables in the sector. In addition, The Indian welding equipment and consumables market is expected to benefit from the growth of the mining industry in India. The increasing demand for mining equipment such as excavators, dump trucks, and loaders is expected to drive the demand for welding equipment and consumables in the sector.

According to the research report "India Welding Equipment and Consumable Market Overview, 2028," published by Bonafide Research, the India Welding Equipment and Consumable market is expected to grow at more than 7% CAGR from 2023 to 2028. India has a large population, which has led to an increase in the demand for housing, healthcare, and transportation. This has led to an increase in the demand for welding equipment and consumables in various industries. Furthermore, with the increasing competition in the market, end-users are now focusing on the quality of welding equipment and consumables. This has led to an increase in the demand for high-quality welding equipment and consumables that can meet the stringent quality standards. Moreover, with the increasing number of welding equipment and consumables being used in various industries, the demand for repair and maintenance services is also increasing. This has led to an increase in the demand for welding equipment and consumables that are easy to repair and maintain. In addition, India has a large pool of skilled and unskilled workers, which has led to an increase in the availability of trained welders and welding technicians.

The Indian government has set a target to achieve 175 GW of renewable energy capacity by 2022. This has led to an increase in the demand for welding equipment and consumables in the solar and wind energy industries. Furthermore, the Indian government has set a target to achieve 100% electric vehicle sales by 2030. This has led to an increase in the demand for welding equipment and consumables in the manufacturing of electric vehicle components. For, instance, The Indian government's initiatives to increase the use of renewable energy sources such as solar power and wind power are expected to drive the demand for welding equipment and consumables in the energy sector. In addition, The Indian government has launched several initiatives such as Make in India and Atmanirbhar Bharat to promote local manufacturing and reduce the country's dependence on imports. This has led to the development of several domestic players in the welding equipment and consumables market.

The main organization in the welding industry in India is the Indian Institute of Welding (IIW). IIW provides technical support, training, and certification programs for welding professionals and promotes research and development activities in the field of welding. Apart from IIW, there are several other organizations in the welding industry in India, including the Welding Research Institute (WRI), Indian Welding Society (IWS), and the Welding Federation of India (WFI). These organizations provide technical support, training, and certification programs for welding professionals and promote research and development activities in the field of welding. In India, some popular welding schools and training centres include Weldcraft is a leading welding training center in India that offers a variety of welding courses, including TIG welding, MIG welding, and welding inspection. The center has state-of-the-art facilities and experienced instructors. Furthermore, the Welding Research Institute (WRI) is a premier welding research and training center in India that offers a variety of courses, including welding technology, welding inspection, welding metallurgy, and non-destructive testing. The center is equipped with modern welding equipment and has experienced instructors. Furthermore, Advanced Welding Training Centre (AWTC) is a leading welding training center in India that offers a variety of welding courses, including TIG welding, MIG welding, and welding inspection. The center has modern facilities and experienced instructors. Moreover, the Indian Welding Society (IWS) is a professional body that promotes welding education and training in India. The society offers a variety of welding courses, including welding technology, welding inspection, and welding safety.

Based on product type, the market is divided into two sections: welding equipment and welding consumables. The welding equipment segment will hold a dominant position in this market in terms of market share during the forecast period, owing to the rising trend of automated machines used in various industries such as automotive and construction to join thermoplastics, metals, and others. The welding consumables segment has the highest CAGR during the forecast period. The high demands for customised solutions for joining dissimilar and non-metallic materials, as well as the rise in steel consumption, are all factors. Furthermore, this industry is now emphasising the use of simple and cost-effective solutions to protect the work piece from the outside environment. Consumables are gaining traction in this scenario because the raw materials used to manufacture them include copper, rutile, and aluminium, all of which have high tensile strength and antioxidant properties.

According to consumable, the market is divided into Stick electrodes, Solid Wires, Flux-cored wires, SAW wires and Fluxes, and Others (gases, rods, etc.). Among them, In 2022, the stick electrodes product segment held the most market share. Stick electrodes are becoming increasingly popular for welding a diverse range of components due to their ability to increase welding strength as well as their high corrosion resistance and tensile strength. During the forecast period, flux-cored wires have the highest CAGR. Flux-cored wires have greater deposition rates than other welding consumables, making them ideal for high-speed welding applications. This makes them popular in industries where productivity and efficiency are critical, such as automotive, construction, and shipbuilding.

Based on by Technology, the market is divided into Arc weldings and oxy-fuel welding . Arc welding is expected to gain prominence in the coming years due to the increasing adoption of fusion processes and the use of high-strength low-alloy (HSLA) across various industries because it is a flexible and cost-effective process. Oxy-fuel welding technology has the highest CAGR from 2023 to 2028. Its growing use in industrial manufacturing applications The welding equipment and products used in this technology are highly cost-efficient, which promotes their implementation in welding fillet, butt, and lap joints with object thicknesses up to 5mm. Based on end users, the automotive segment will hold a dominant position in this market in terms of market share during the forecast period as the automotive industry is focusing on reducing the weight of vehicles by replacing metal parts with plastic, which requires high precision. Based on equipment, electrodes and filler metal equipment have the largest market share. Electrodes and filler metal equipment are widely used in various industries, including automotive, construction, shipbuilding, and aerospace. They are essential for welding and joining different materials such as steel, aluminium, and stainless steel. The oxy-fuel welding industry has the highest CAGR during the forecast period. Oxy-fuel welding equipment is lightweight and portable, which makes it ideal for use in remote locations where electricity is not available. However, oxy-fuel welding produces a high heat input, which allows for quick welding and efficient fusion of the workpieces. This makes it suitable for welding thicker materials.

Some welding equipment manufacturers and consumables manufacturers in India include Ador Welding Ltd., Esab India Ltd., Lincoln Electric India Pvt. Ltd., Kemppi India Pvt. Ltd., Fronius India Pvt. Ltd., D&H Sécheron Electrodes Pvt. Ltd., Rasi Electrodes Ltd., Panasonic Welding India Co. Ltd., Swastik Welding & Allied Products, L&T Welding Products, and many more. There are some start-ups in the field of welding equipment and consumables in India, including Weldcraft, Bohler Welding India, Lutra Technologies, Innoverda Technologies, WeldLab and many more.

Considered in this report
• Geography: India
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• India Welding Equipment & Consumables market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Type:
• Welding Equipment
• Welding Consumables

By Equipment:
• Electrodes & Filler Metal Equipment
• Oxy-fuel Gas Equipment
• Other Equipment

By Consumable:
• Stick electrodes
• Solid wires
• Flux-cored wires
• SAW wires and Fluxes
• Others (gases, rods, etc.)

By Technology:
• Arc Welding
• Oxy-fuel Welding
• Others (Resistance welding, Laser beam welding, plasma arc welding, electron beam welding)

By end- Users:
• Automotive
• Fabrication
• Building & Construction
• Marine
• Power
• Oil & Gas
• Others (Shipbuilding, Maintenance & Repair, Offshore, Pipe Mill, Pipeline, Aerospace, etc.)

The approach of the report:
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, government-generated reports, and databases. After gathering the data from secondary sources, primary research was conducted by making telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started doing primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations and organizations related to the 3D printing industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.

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Table of Contents

Table of Contents
1. Executive Summary
2. Market Structure
2.1. Market Considerate
2.2. Assumptions
2.3. Limitations
2.4. Abbreviations
2.5. Sources
2.6. Definitions
2.7. Geography
3. Research Methodology
3.1. Secondary Research
3.2. Primary Data Collection
3.3. Market Formation & Validation
3.4. Report Writing, Quality Check & Delivery
4. India Macro Economic Indicators
5. Market Dynamics
5.1. Key Findings
5.2. Key Developments - 2021
5.3. Market Drivers & Opportunities
5.4. Market Restraints & Challenges
5.5. Market Trends
5.6. Covid-19 Effect
5.7. Supply chain Analysis
5.8. Policy & Regulatory Framework
5.9. Industry Experts Views
6. India Welding Equipment & Consumables Market Overview
6.1. Market Size By Value
6.2. Market Size and Forecast By Type
6.3. Market Size and Forecast By Equipment
6.4. Market Size and Forecast By Consumable
6.5. Market Size and Forecast By Technology
6.6. Market Size and Forecast By End-User
7. India Welding Equipment & Consumables Market Segmentations
7.1. India Welding Equipment & Consumables Market, By Type
7.1.1. India Welding Equipment & Consumables Market Size, By Welding Equipments , 2017-2028
7.1.2. India Welding Equipment & Consumables Market Size, By Welding Consumables, 2017-2028
7.2. India Welding Equipment & Consumables Market, By Equipment
7.2.1. India Welding Equipment & Consumables Market Size, By Electrodes & Filler Metal Equipment, 2017-2028
7.2.2. India Welding Equipment & Consumables Market Size, By Oxy-fuel Gas Equipment, 2017-2028
7.2.3. India Welding Equipment & Consumables Market Size, By Other Equipment, 2017-2028
7.3. India Welding Equipment & Consumables Market, By Consumable
7.3.1. India Welding Equipment & Consumables Market Size, By Stick electrodes, 2017-2028
7.3.2. India Welding Equipment & Consumables Market Size, By Solid wires, 2017-2028
7.3.3. India Welding Equipment & Consumables Market Size, By Flux-cored wires, 2017-2028
7.3.4. India Welding Equipment & Consumables Market Size, By SAW wires and Fluxes, 2017-2028
7.3.5. India Welding Equipment & Consumables Market Size, By Others (gases, rods, etc.), 2017-2028
7.4. India Welding Equipment & Consumables Market, By Technology
7.4.1. India Welding Equipment & Consumables Market Size, By Arc Welding, 2017-2028
7.4.2. India Welding Equipment & Consumables Market Size, By Oxy-fuel Welding, 2017-2028
7.4.3. India Welding Equipment & Consumables Market Size, By Others (Resistance welding, Laser beam welding, plasma arc welding, electron beam welding), 2017-2028
7.5. India Welding Equipment & Consumables Market, By End-User
7.5.1. India Welding Equipment & Consumables Market Size, By Automotive, 2017-2028
7.5.2. India Welding Equipment & Consumables Market Size, By Fabrication, 2017-2028
7.5.3. India Welding Equipment & Consumables Market Size, By Building & Construction, 2017-2028
7.5.4. India Welding Equipment & Consumables Market Size, By Marine, 2017-2028
7.5.5. India Welding Equipment & Consumables Market Size, By Power, 2017-2028
7.5.6. India Welding Equipment & Consumables Market Size, By Oil & Gas, 2017-2028
7.5.7. India Welding Equipment & Consumables Market Size, By Others (Shipbuilding, Maintenance & Repair, Offshore, Pipe Mill, Pipeline, Aerospace, etc.), 2017-2028
8. India Welding Equipment & Consumables Market Opportunity Assessment
8.1. By Type, 2023 to 2028
8.2. By Equipment, 2023 to 2028
8.3. By Consumable, 2023 to 2028
8.4. By Technology, 2023 to 2028
8.5. By End-User, 2023 to 2028
9. Competitive Landscape
9.1. Porter's Five Forces
9.2. Company Profile
9.2.1. Company 1
9.2.2. Company 2
9.2.3. Company 3
9.2.4. Company 4
9.2.5. Company 5
9.2.6. Company 6
9.2.7. Company 7
9.2.8. Company 8
10. Strategic Recommendations
11. Disclaimer

List of Figures
Figure 1: India Welding Equipment & Consumables Market Size By Value (2017, 2022 & 2028) (in USD Billion)
Figure 2: Market Attractiveness Index, By Type
Figure 3: Market Attractiveness Index, By Equipment
Figure 4: Market Attractiveness Index, By Consumable
Figure 5: Market Attractiveness Index, By Technology
Figure 6: Market Attractiveness Index, By End-User
Figure 7: Porter's Five Forces of India Welding Equipment & Consumables Market

List of Table
Table 1: Influencing Factors for Global Welding Equipment & Consumables Market, 2022
Table 2: India Welding Equipment & Consumables Market Size and Forecast By Type (2017, 2022 & 2028)
Table 3: India Welding Equipment & Consumables Market Size and Forecast By Equipment (2017, 2022 & 2028)
Table 4: India Welding Equipment & Consumables Market Size and Forecast By Consumable (2017, 2022 & 2028)
Table 5: India Welding Equipment & Consumables Market Size and Forecast By Technology (2017, 2022 & 2028)
Table 6: India Welding Equipment & Consumables Market Size and Forecast By End-User (2017, 2022 & 2028)
Table 7: India Welding Equipment & Consumables Market Size of Welding Equipments (2017 to 2028) in USD Billion
Table 8: India Welding Equipment & Consumables Market Size of Welding Consumables (2017 to 2028) in USD Billion
Table 9: India Welding Equipment & Consumables Market Size of Electrodes & Filler Metal Equipment (2017 to 2028) in USD Billion
Table 10: India Welding Equipment & Consumables Market Size of Oxy-fuel Gas Equipment (2017 to 2028) in USD Billion
Table 11: India Welding Equipment & Consumables Market Size of Other Equipment (2017 to 2028) in USD Billion
Table 12: India Welding Equipment & Consumables Market Size of Stick electrodes (2017 to 2028) in USD Billion
Table 13: India Welding Equipment & Consumables Market Size of Solid wires (2017 to 2028) in USD Billion
Table 14: India Welding Equipment & Consumables Market Size of Flux-cored wires (2017 to 2028) in USD Billion
Table 15: India Welding Equipment & Consumables Market Size of SAW wires and Fluxes (2017 to 2028) in USD Billion
Table 16: India Welding Equipment & Consumables Market Size of Others (gases, rods, etc.) (2017 to 2028) in USD Billion
Table 17: India Welding Equipment & Consumables Market Size of Arc Welding (2017 to 2028) in USD Billion
Table 18: India Welding Equipment & Consumables Market Size of Oxy-fuel Welding (2017 to 2028) in USD Billion
Table 19: India Welding Equipment & Consumables Market Size of Others (Resistance welding, Laser beam welding, plasma arc welding, electron beam welding) (2017 to 2028) in USD Billion
Table 20: India Welding Equipment & Consumables Market Size of Automotive (2017 to 2028) in USD Billion
Table 21: India Welding Equipment & Consumables Market Size of Fabrication (2017 to 2028) in USD Billion
Table 22: India Welding Equipment & Consumables Market Size of Building & Construction (2017 to 2028) in USD Billion
Table 23: India Welding Equipment & Consumables Market Size of Marine (2017 to 2028) in USD Billion
Table 24: India Welding Equipment & Consumables Market Size of Power (2017 to 2028) in USD Billion
Table 25: India Welding Equipment & Consumables Market Size of Oil & Gas (2017 to 2028) in USD Billion
Table 26: India Welding Equipment & Consumables Market Size of Others (Shipbuilding, Maintenance & Repair, Offshore, Pipe Mill, Pipeline, Aerospace, etc.) (2017 to 2028) in USD Billion