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Welding Consumables Market - India Industry Analysis,
Size, Share, Growth, Trends and Forecast 2014 - 2020
Published Date
09-April-2015
87 Page Report
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Press Release
REPORT DESCRIPTION
Welding Consumables Market - India Industry Analysis, Size, Share, Growth, Trends and Forecast 2014
- 2020
Transparency Market Research has released a new market report titled Welding Consumables Market - India
Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020. According to the report, the welding
consumables market in India was valued at INR 30.88 Bn in 2013 and is expected to reach INR 45.37 Bn by
2020, expanding at a CAGR of 5.6% between 2014 and 2020. In terms of volume, the market stood at 255.1
kilo tons in 2013.
Browse the full Welding Consumables Market for Automobile & Transportation, Building &
Construction, Marine, Power Sector, Oil & Gas, Wear Plate and Other Applications - India Industry
Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020 report at :
http://www.transparencymarketresearch.com/india-welding-consumables-market.html
The welding industry in India comprises various large, medium and small companies that manufacture welding
consumables. Large international players such as Lincoln Electric Company Pvt Ltd, ESAB India Limited, and
Voestalpine AG (Bohler Welding Group India Pvt. Ltd.) compete with various medium and small companies
based in India to provide services to end-user industries. Demand for welding consumables is directly
proportional to steel production in the country. End-use industries such as transportation, building &
construction, oil & gas, and power are likely to drive the welding consumables market in India in the near
future. However, factors such as inconsistent supply of quality raw materials, shortage of skilled labor and
competition from international companies may hamper market growth during the forecast period.
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Welding stick electrodes dominated the welding consumables market in India with more than 45% share in
2013. Stick electrodes are primarily used in manual welding and are a low cost alternative to other types of
welding consumables products. However, demand for wires and fluxes are anticipated to rise significantly
during the forecast period due to their efficient performance. Factors such as lower wastage, suitability for
automatic welding systems and outdoor work, higher productivity and wide usage among different welding
technologies are likely to lead to increasing preference for solid and flux cored wires. The SAW wires and
fluxes segment is projected to witness moderate growth, accounting for more than 7% share of the market in
2020. In terms of revenue, flux cored wires is anticipated to be the fastest growing product segment during the
forecast period.
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Growth in end-use industries (including transportation, and building & construction) is estimated to be the key
factor driving the welding consumables market in India. Furthermore, increase in investments in energy and oil
& gas sectors is anticipated to boost the welding consumables market in India. Automobile and transportation
sector witnessed the largest application of welding consumables with more than 25% share in 2013. Power
sector is likely to be the fastest growing segment, expanding at a CAGR of 5.8% during the forecast period
from 2014 to 2020. Other applications such as wear plates and marine applications are projected to grow
moderately in the next few years.
Browse Press Release : http://www.transparencymarketresearch.com/pressrelease/india-weldingconsumables-market.htm
The welding consumables market in India is moderately fragmented, as the top six players accounted for
approximately 30% share of the market in 2013. Market leaders such as ESAB, Lincoln Electric, Ador Welding
Ltd, and Voestalpine AG have strong presence in the welding consumables market in India. The welding
industry in India comprises organized and unorganized companies. ESAB dominated the welding consumables
market in the country in 2013. Bohler Welding Group India Pvt. Ltd. and Lincoln Electric followed ESAB in
2013. Additionally, many small players operate in the unorganized sector of the market.
5.2.1 India Welding Consumables Market for Automobile & Transportation, 2013 2020 (Kilo Tons) (INR
Mn)
5.3 Building & Construction
5.3.1 India Welding Consumables Market for Building & Construction, 2013 2020 (Kilo Tons) (INR Mn)
5.4 Marine Application
5.4.1 India Welding Consumables Market for Marine Application, 2013 2020 (Kilo Tons) (INR Mn)
5.5 Power Sector
5.5.1 India Welding Consumables Market for Power Sector, 2013 2020 (Kilo Tons) (INR Mn)
5.6 Oil and Gas
5.6.1 India Welding Consumables Market for Oil & Gas, 2013 2020 (Kilo Tons) (INR Mn)
5.7 Wear Plate
5.7.1 India Welding Consumables Market for Wear Plate, 2013 2020 (Kilo Tons) (INR Mn)
5.8 Others (Repair and Maintenance, Pipeline, etc.)
5.8.1 India Welding Consumables Market for Other Applications, 2013 2020 (Kilo Tons) (INR Mn)
Chapter 6 Welding Consumables Market India Raw Material Analysis
6.1 Metal & Ferro Alloys Market, 2014 2020 (Kilo tons) (INR Million)
6.1.1 Indian Metal & Ferro Alloys Market for Welding Consumables, 2014 2020 (Kilo Tons) (INR Million)
6.2 Price Trend Analysis
6.2.1 Ferro Manganese
6.2.2 Ferro Chrome
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