Welding Consumables Market is expected to grow by USD 22.12 Billion in 2028 at a CAGR of 5.58%
The global Welding Consumables Market size was valued at USD 15.3 Billion in 2021 and is expected to grow by USD 22.12 Billion in 2028 at a CAGR of 5.58%. With an increasing tendency toward combining two different metals, need for novel and customized metal shapes/designs, rising fabrication, and uses in other intensive industries such as automotive, manufacturing, and oil and gas, the market for welding consumables is exploding. Other important reasons driving to the market's growth include the introduction of numerous welding technologies, primarily resistance spot and plasma welding, as well as the widespread implementation of robotic welding solutions. For example, Yaskawa Motoman announced the ArcWorld 50 Series in September 2019, which is equipped with sophisticated welding functionalities such as weld inspection and process monitoring. Furthermore, the welding sector is being boosted by manufacturers' ongoing creation of improved grades of raw materials with novel prope