Submerged Arc Welding Market – Global Industry Analysis and Forecast (2024-2030), by Type, End user and Region

Global Submerged Arc Welding Market was valued $ 7.91 Bn in 2023 and is expected to reach $ 11.90 Bn by 2030, at a CAGR of 6% during the forecast period.

Global Submerged Arc Welding Market Introduction

The growth of the welding industry has been approximately 6% per year. Submerged arc welding involves the formation of an arc on a continuously fed bare wire electrode and the desired work piece. The process makes use of a granular flux to produce protective gases, slag, and to add alloying elements to the weld pool. It is the most efficient fusion welding process in a plate and structural work such as shipbuilding, bridge building, and pressure vessel fabrication.Submerged Arc Welding MarketTo Know About The Research Methodology :- Request Free Sample Report

Global Submerged Arc Welding Market Dynamics

Owing to the highly competitive landscape of the global welding industry, vendors in the submerged arc welding industry are focusing on implementing advanced technologies including welding automation and welding information management systems. These submerged arc welding machine manufacturers are leveraging technological advances to increase their capital budgets while reducing and maintaining their overall operating costs. Furthermore, the rising popularity of lean manufacturing is aiding companies to improve the overall workflow and efficiency of welding operations. Manufacturers adopting technologies to enhance their productivity will be one of the key welding market trends gaining traction throughout the forecast period. With the presence of a considerable number of welding equipment manufacturers, this market appears to be fragmented. To gain an advantage over the other players, the companies are highly focusing on adopting advanced technologies to introduce superior products. As a result, the level of competition among the players is quite intense. Increased demand for construction activities, the growing popularity of laser welding technology, and the innovation of advanced technologies by top manufacturers are contributing to the market growth.

Global Submerged Arc Welding Market Segment Analysis

The increased demand from construction activities will impact the submerged arc welding market growth positively during the next few years. With the rising construction activities across the globe, the use of structural steel has considerably increased in recent years. Furthermore, to meet the evolving demands of offering reliability, safety, and durability to the steel structures, it has become important to upgrade technology, leading to the rising demand for submerged arc welding equipment. Such a rising demand for ensuring the quality of construction is, in turn, driving the need for submerged arc welding equipment. With the growth in the automotive industry worldwide, the demand for submerged arc welding machines are expected to go up as arc welding is a key operation in manufacturing vehicles. The auto sector in the emerging nations with increasing disposable income for the middle classes is forecast to grow at a much faster pace as consumers with higher disposable incomes will stimulate demand for motor vehicles. The implementation of submerged arc welding in the global automotive sector is wide and is vital to sheet metal work, fabrication, and other related operations. Submerged arc welding will continue to grow in popularity as the auto sector continues to flourish. With the advent and growing popularity of electronic vehicles in the global market, the global submerged arc welding market is expected to grow further in the future.

Global Submerged Arc Welding Market Regional Insights

Asia Pacific contributed significantly to the submerged arc welding market in the past years. The market in the region is expected to expand at a significant pace during the forecast period. Increase in demand for submerged arc welding equipment in various end-user industries in major economies such as India, China, and Japan is propelled the submerged arc welding market in Asia Pacific.

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Global Submerged Arc Welding Market
Report Coverage Details
Base Year: 2023 Forecast Period: 2024-2030
Historical Data: 2018 to 2023 Market Size in 2023: US $ 7.91 Bn.
Forecast Period 2024 to 2030 CAGR: 6% Market Size in 2030: US $ 11.90 Bn.
Segments Covered: by Type Semi-automatic Submerged Arc Welding Automatic Submerged Arc Welding
by End user Construction Automotive Aerospace & Defense Shipbuilding

Submerged Arc Welding Market, by Region

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)

Submerged Arc Welding Market, Key Players

1.Colfax Corporation 2.DAIHEN Corporation 3.Illinois Tool Works Inc. 4.Kjellberg Finsterwalde Plasma und Maschinen GmbH 5.Lincoln Electric Holdings, Inc. 6.Miller Electric 7.Mitrowski Welding Equipment 8.Gullco International 9.ESAB 10.Techvagonmash Frequently Asked Questions: 1. Which region has the largest share in Global Submerged Arc Welding Market? Ans: Asia Pacific region held the highest share in 2023. 2. What is the growth rate of market? Ans: The market is growing at a CAGR of 6% during forecasting period 2024-2030. 3. What is scope of the Global Submerged Arc Welding Market report? Ans: market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. What was the Global Submerged Arc Welding Market size in 2023? Ans: The market was valued at US$ 7.91 Bn. In 2023. 5. What is the study period of this Market? Ans: The market is studied from 2023 to 2030.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Submerged Arc Welding Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Submerged Arc Welding Market 3.4. Geographical Snapshot of the Submerged Arc Welding Market, By Manufacturer share 4. Global Submerged Arc Welding Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Submerged Arc Welding Market 5. Supply Side and Demand Side Indicators 6. Global Submerged Arc Welding Market Analysis and Forecast, 2022-2029 6.1. Global Submerged Arc Welding Market Size & Y-o-Y Growth Analysis. 7. Global Submerged Arc Welding Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 7.1.1. Semi-automatic Submerged Arc Welding 7.1.2. Automatic Submerged Arc Welding 7.2. Market Size (Value) Estimates & Forecast By End user, 2022-2029 7.2.1. Construction 7.2.2. Automotive 7.2.3. Aerospace & Defense 7.2.4. Shipbuilding 8. Global Submerged Arc Welding Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Submerged Arc Welding Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 9.1.1. Semi-automatic Submerged Arc Welding 9.1.2. Automatic Submerged Arc Welding 9.2. Market Size (Value) Estimates & Forecast By End user, 2022-2029 9.2.1. Construction 9.2.2. Automotive 9.2.3. Aerospace & Defense 9.2.4. Shipbuilding 10. North America Submerged Arc Welding Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Submerged Arc Welding Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By End user, 2022-2029 12. Canada Submerged Arc Welding Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By End user, 2022-2029 13. Mexico Submerged Arc Welding Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By End user, 2022-2029 14. Europe Submerged Arc Welding Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By End user, 2022-2029 15. Europe Submerged Arc Welding Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Submerged Arc Welding Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By End user, 2022-2029 17. France Submerged Arc Welding Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By End user, 2022-2029 18. Germany Submerged Arc Welding Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By End user, 2022-2029 19. Italy Submerged Arc Welding Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By End user, 2022-2029 20. Spain Submerged Arc Welding Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By End user, 2022-2029 21. Sweden Submerged Arc Welding Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By End user, 2022-2029 22. CIS Countries Submerged Arc Welding Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By End user, 2022-2029 23. Rest of Europe Submerged Arc Welding Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By End user, 2022-2029 24. Asia Pacific Submerged Arc Welding Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By End user, 2022-2029 25. Asia Pacific Submerged Arc Welding Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Submerged Arc Welding Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By End user, 2022-2029 27. India Submerged Arc Welding Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By End user, 2022-2029 28. Japan Submerged Arc Welding Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By End user, 2022-2029 29. South Korea Submerged Arc Welding Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By End user, 2022-2029 30. Australia Submerged Arc Welding Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By End user, 2022-2029 31. ASEAN Submerged Arc Welding Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By End user, 2022-2029 32. Rest of Asia Pacific Submerged Arc Welding Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By End user, 2022-2029 33. Middle East Africa Submerged Arc Welding Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By End user, 2022-2029 34. Middle East Africa Submerged Arc Welding Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Submerged Arc Welding Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By End user, 2022-2029 36. GCC Countries Submerged Arc Welding Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By End user, 2022-2029 37. Egypt Submerged Arc Welding Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By End user, 2022-2029 38. Nigeria Submerged Arc Welding Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By End user, 2022-2029 39. Rest of ME&A Submerged Arc Welding Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By End user, 2022-2029 40. South America Submerged Arc Welding Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By End user, 2022-2029 41. South America Submerged Arc Welding Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Submerged Arc Welding Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By End user, 2022-2029 43. Argentina Submerged Arc Welding Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By End user, 2022-2029 44. Rest of South America Submerged Arc Welding Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By End user, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Submerged Arc Welding Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of key players by price, presence, market share, End users and R&D investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and End users 45.2.3.2. M&A Key Players, Forward Integration and Backward Integration 45.3. Company Profile – Colfax Corporation 45.3.1. Company Overview 45.3.2. Financial Overview 45.3.3. Geographic Footprint 45.3.4. Product Portfolio 45.3.5. Business Strategy 45.3.6. Recent Developments 45.4. DAIHEN Corporation 45.5. Illinois Tool Works Inc. 45.6. Kjellberg Finsterwalde Plasma und Maschinen GmbH 45.7. Lincoln Electric Holdings, Inc. 45.8. Miller Electric 45.9. Mitrowski Welding Equipment 45.10. Gullco International 45.11. ESAB 45.12. Techvagonmash 45.13. Other Key Players
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