OVERVIEW OF THE WELDING

INDUSTRY IN INDIA

Prepared by BDB India Private Limited

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Welding industry in India

Welding industry in India : Market landscape (1/2)

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Indian welding industry for FY 2016 is estimated at INR 4,000 Cr

Welding Equipment market size: ~ 30%

Welding consumable market size : ~ 70%

INR 1200 Cr

FY 2015 - 16 FY 2020 - 21

INR 1500 Cr Market Size

CAGR 7-8%

INR 2800 Cr

FY 2015 - 16

INR 4200 Cr

CAGR 10-11%

FY 2020 - 21

67%80%

33%20%

Welding Equipment's Consumables

Domestic Sales Import

Import

Vs Domestic supply

Key highlights

Fragmented industry with 40-50% being controlled by unorganised players

Driven by infrastructure, heavy engineering, and automobile sectors

Imports constitute significant portion of the market

Semiautomatic and automatic systems witnessing good growth

Welding industry in India

Welding industry in India : Market landscape (2/2)

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Indian welding industry for FY 2016 is estimated at INR 4,000 Cr

Welding Equipment market size: ~ 30%

Welding consumable market size : ~ 70%

30% 27%

40% 43%

18% 22%

12% 8%

FY 2016 FY 2020

SAW Wires &Flux

Flux CoredWire

Solid Wire

MMAW

Stick electrodes are losing its market share to wires and

fluxes to growing usage across the end-use industries and their advantages such as high deposition rate, strong welds, and suitability for outdoor work

Technology Market contribution

MMAW 30-35%

GMAW 40-45%

GTAW 10-15%

SAW 8-10%

Semi automatic and automatic systems seeing increased growth. Automation predominantly present in the heavy engineering segment

Welding industry in India

Welding industry in India : Segmentation, new welding technologies and challenges

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31% 33%

20%23%

6%

8%10%

11%3%

4%

30%

21%

FY 2016 FY 2020

Others*

Shipbuilding

Construction

Railways

Automotive

Heavy Engineering

Segment wise contribution

Growth in use of semiautomatic and automatic robots for efficient and qualitative welding

Orbital TIG welding, stud welding, robotic welding, and laser welding are some of the latest technologies that have been introduced to meet precision welding requirement

Robotics and automation are increasingly being deployed by industries to achieve welding quality and improve productivity

New technologies

Availability of sufficient skill welders

Customer awareness for selection of right technology with a long term perspective

R & D effort in India for welding electrodes is fragmented among few leading manufacturers and WRI, Tiruchy. Very frequently research effort is being spent on already developed products.

Technology upgradation in the small and medium sectors

Unorganised market and increased imports

Industry challenges

Thank You

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