Mexico Welding Equipment Market Research Report, 2028

Mexico Welding Equipment Market Research Report, 2028

Actual Market Research 31-03-2023 68 Pages Figures : 7 Tables : 26 Region : North America Country : United Arab Emirates Category : Manufacturing & Industry Machinery, Parts & Equipment

Mexico has a large and growing manufacturing sector, particularly in the automotive, aerospace, and energy industries. These industries rely heavily on welding processes, which has created a strong demand for welding equipment and consumables. Furthermore, Mexico has a number of free trade agreements with countries such as the United States and Canada, which have helped boost exports and attract foreign investment. This has helped to drive growth in the welding equipment and consumables market as more companies seek to establish a presence in Mexico. Moreover, Mexico offers a cost advantage for manufacturers of welding equipment and consumables, particularly compared to Canada. This is due to lower labour costs, favourable exchange rates, and a lower cost of living. In addition to the traditional manufacturing sectors, Mexico is also seeing growth in a number of other industries, such as healthcare, construction, and telecommunications. This has created new opportunities for welding equipment and consumables manufacturers to expand their customer bases. According to the research report "Mexico Welding Equipment and Consumables Market Research Report, 2028," published by Actual Market Research, the Mexico Welding Equipment and Consumables market was valued at more than USD 770 Million in 2022. 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 demand for customised solutions for joining dissimilar and non-metallic materials, as well as the rise in steel consumption, is 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. Mexico has a rich history of metallurgy and metalworking dating back to the pre-Columbian era, when indigenous peoples used a variety of techniques to produce metal objects such as tools, weapons, and jewelry. One of these techniques was welding, which involved heating metals and fusing them together to create a strong bond. Furthermore, the most common welding technique used by pre-Columbian cultures was known as "lost-wax casting," which involved creating a mould of the desired object in wax, covering it in clay, and then heating it to melt the wax and harden the clay. Molten metal was then poured into the mould to create the final product. Moreover, in the automotive industry, for example, welding is used extensively in the production of cars, trucks, and other vehicles. Welding is used to join together various components of the vehicle, such as the body, frame, and suspension system, as well as to create exhaust systems and other critical parts. Furthermore, in the aerospace industry, welding is used to create aircraft components such as engines, wings, and fuselages. This requires a high degree of precision and quality control, as even small defects in the welds can compromise the safety and performance of the aircraft. In addition, in the construction industry, welding is used to join together steel beams and other components of buildings and infrastructure projects. This requires specialized welding techniques and equipment, as well as a deep understanding of building codes and safety standards. The Mexican Welding Association's annual welding conference takes place every year, with the most recent one occurring in 2021. The Mexican Welding Association (AMS) recently hosted its annual welding conference, bringing together industry leaders, welding professionals, and educators to discuss the latest trends and technologies in the field of welding. The conference featured a range of presentations, workshops, and networking opportunities, and provided a platform for participants to share ideas and best practices. Mexico research and development centers focused on welding technology, including the National Welding and Inspection Center (CNII) and the Welding and Materials Science Research Group (GICIM). These organisations are working to develop new welding processes and technologies that can help improve efficiency, reduce costs, and enhance the quality of welding products and services. Furthermore, the Mexican welding industry is supported by a number of trade associations, including the Mexican Welding Society (SOLDAMEX) and the Mexican Association of Welding and Allied Processes (AMAF). These organisations provide training, certification, and support to welding professionals and companies across the country. Moreover, the Mexican government has implemented a number of programmes and initiatives to support the growth of the welding industry, including investments in education, infrastructure, and research and development. This has helped to create a favourable business environment for welding equipment manufacturers and consumables suppliers. Some of the top welding equipment manufacturers and welding consumables manufacturers in Mexico include Lincoln Electric, Infra, ESAB, Miller Electric, ITW Welding, and many more. Developments: • Lincoln Electric's plans to expand in Guanajuato were announced in November 2021. The new facility will produce welding equipment and consumables for a variety of industries, including automotive, construction, and oil and gas. • Infra's partnership with Welding Alloys Group was announced in March 2021 and provide customers with a wider range of welding solutions. • ESAB's launch of new welding machines for the Mexican market was announced in August 2020. The new machines offer improved performance and durability, and are designed to meet the unique needs of Mexican customers. Considered in this report • Geography: Mexico • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Mexico 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 Equipments • 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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