Procurement Market Intelligence Report
Welding, Brazing & Soldering Services
Sourcing Guide & Market Intelligence
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Welding, Brazing & Soldering Services Global Overview
Definition
Summary
Welding uses high temperatures to melt and join metals; brazing uses moderate heat to melt a filler that then joins the metals; and soldering is a lower-temperature version of brazing. Major buyers of these services include construction firms and manufacturers.
This Report Includes:
- Arc Welding
- Metal inert Gas Welding
- Laser Welding
- Spot Welding
Not in this Report:
- Coating Services
- Forming Services
- Heat Treatment Services
Global Welding, Brazing & Soldering Services Procurement Trends
Discover the top international trends affecting procurement in the global Welding, Brazing & Soldering Services market.
Warning Trends
United States announces new tariffs on all imported aluminum
- In February 2025, the United States announced 25.0% tariffs on all imported aluminum with no exemptions or exceptions. The tariffs took effect on March 12, 2025. On June 4th, these tariffs were increased further to 50%. These tariffs were not impacted by a recent court decision that temporarily suspended duties on certain goods as they were implemented under Section 232 of the Trade Expansion Act.
- Previously, countries such as Canada and Mexico, two of the top exporters of aluminum to the United States, had exemptions from tariffs and the rate was only 10.0%. These have now been removed and all imported aluminum, regardless of origin, will be subject to the 50.0% tariff.
- When tariffs on imported aluminum were implemented in March 2018, aluminum prices rose modestly. According to the Bureau of Labor Statistics (BLS), prices rose 1.2% in the year after the tariffs were introduced. Because this market relies on aluminum as an input, it may be impacted by this policy.
Neutral
Inflation climbs above 3.0% for the first time in seven months
- In January, the Consumer Price Index (CPI) 12-month inflation rate, the most commonly used measure of inflation, rose by 0.1% to 3.0%, the highest it has been since June 2024.
- This uptick in inflation follows cuts to interest rates which may have added to consumer demand, fueling higher consumer prices.
- Additionally, the threat of impending tariff hikes has driven preemptive stockpiling by importers, adding to demand and price growth across a range of industries in the United States.
- While inflation is still low relative to previous years, sustained recent increases in inflation and the potential effects of tariffs, such as the recently implemented 10.0% on all Chinese goods, mean prices are still rising at a faster-than-normal pace.
Global Welding, Brazing & Soldering Services Market - Suppliers by Region
| Country/Region | Number of Suppliers |
|---|---|
| #1 Europe | 12,365 |
| #2 China | 11,960 |
| #3 Africa & Middle East | 6,720 |
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2
Geography Drilldown - US & Europe
Average Cost of Welding, Brazing & Soldering Services
United States
2026 Market Pricing$30.00 to $XXX.XX
per hourEurope
Average Price
Prices in the Welding, Brazing & Soldering Services market range from $30.00 to $XXX.XX, depending on Service Type, Technique and Project Location. For example, lower prices are associated with MIG welding ($30.00 to $90.00 per hour), whereas higher prices are associated with Arc and TIG welder ($75.00 to $130 per hour).
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Welding, Brazing & Soldering Services Category Price Trends
Pricing trends are indicated by the compound annual growth rate (CAGR) during a set period of time. For the Welding, Brazing & Soldering Services market, prices in the US have grown 2.7% from 2022 to 2025. Meanwhile, the recent three-year CAGR for Europe is +0.9%.
United States (2022-2025)
Europe (2022-2025)
Compound Annual Growth Rate
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Cost Analysis - Total Cost of Ownership for Welding, Brazing & Soldering Services
Total cost of ownership is Low in the Welding, Brazing & Soldering Services market. The average cost of ownership differs depending on the contract but generally includes costs negotiated before the contract begins, costs billed during the contract period and unforeseen costs. For example, unforeseen costs in the form of Delays may raise the total cost of ownership unexpectedly.
Negotiated Before
Transportation
Billed During
Hardware
Unforeseen
Delays
Buyer Power in Procurement Negotiations
In 2026, buyer power amounts to -3.0 in the United States. Buyer power is most positively impacted by Recent Developments. It is most negatively impacted by Market Share Concentration. Subscribers can access details on eight other factors that impact buyer power. Learn more
United States
Europe
Buyer power forecasts: your glimpse into the future
Develop strategies for the upcoming year and identify unforeseen opportunities for buying now
- Actionable "Buy Now" and "Buy Later" insights
- Near-real-time updates to current and forecast Buyer Power Scores
- Methodology and weightings for Buyer Power Score Components
Supply Chain Risk
The average level of supply chain risk is assessed as Medium, which has a negative impact on buyer power. The level of supply chain risk is affected by industry volatility, barriers to entry, competition, import penetration, regulation and industry financial risk. Buyers in this market can mitigate procurement and supply chain management risks by monitoring risk levels for individual first and second tier suppliers:
1st
Tier Suppliers
- Metalworking Machinery Manufacturers
- Nonferrous Metal Foundry Products Manufacturers
- Inorganic Chemical Manufacturers
2nd
Tier Suppliers
- Iron & Steel Manufacturers
- Copper, Nickel, Lead & Zinc Miners
- Nonferrous Metal Refiners
Biggest Welding, Brazing & Soldering Services Suppliers in the US by Revenue
The largest Welding, Brazing & Soldering Services vendors by revenue in the US are Axenics, Meyer Tool & Mfg. Inc. and Modern Welding Company Inc. Subscribers can sort and filter by market share concentration, profit level and other factors. Learn more
| Supplier | Operational Size | Headquarters | Number of Employees | Market Share (%) | Market Share Performance (3yr trend) | Total Revenue ($ million) | Profit Level (%) | Risk Level |
|---|---|---|---|---|---|---|---|---|
| Messer Group GmbH | Global | Bad Soden, DE | 1,001-10,000 | < 5 | ||||
| Reliance Steel & Aluminum Co. | Global | SCOTTSDALE, CA | >10,000 | < 5 | ||||
| Martinrea International Inc. | Global | Vaughan, CA | >10,001 | < 5 | ||||
| Mayville Engineering Company Inc. | Regional | Milwaukee | 1,001-10,000 | < 5 | ||||
| Axenics | Regional | Middleton, MA | 25-50 | < 5 | ||||
| Meyer Tool & Mfg. Inc. | International | Oak Lawn, IL | 25-50 | < 5 | ||||
| Modern Welding Company Inc. | National | Owensboro, KY | 501-1,000 | < 5 | ||||
| TechPrecision Corporation | Global | WESTMINSTER, MA | 101-250 | < 5 | ||||
| Marmen Inc. | International | Trois-Rivieres, CA | 101-250 | < 5 | ||||
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Subscribers can access vendor information on Canadian and European suppliers, too. We also offer custom research services to help with vendor sourcing anywhere in the world.
Profit Analysis
The average profit margin across vendors in the Welding, Brazing & Soldering Services market is 3.5% and steady. Profit levels shift depending on suppliers' spend on wages, purchases and overhead. The highest cost component for vendors is Purchases. The cost trend for this component is rising, when considering movement between 2025 and 2026. To understand cost forecasts for 2027 and uncover the implications on profit, start your subscription. Learn more
Vendor & Supply Chain Analysis
Due to the intense price-based competition among vendors and the slow rise in market share concentration, financial risk within the market is moderate. A medium level of financial risk is disadvantageous for buyers because it increases the chance of service disruptions or business discontinuity.
Although market share concentration has been on the rise in the past three years due to acquisitions of smaller entities by larger vendors, the great amount of small suppliers that operate on a local base make the overall market share concentration low. This increases competition and allows buyers to have more comparable options when seeking welding services.
The overall moderate level of supply chain risk results in some fluctuations in suppliers’ input costs, which can add risk for buyers.
The United States is a net importer of welding machinery, as it imports more than it exports. This exposes the market to external risk factors like currency exchange fluctuations and local disruptions.
Supplier Information
Axenics
Axenics is a private company operating regionally in the manufacturing sector. The company's offerings include welding, brazing & soldering services. Founded in 1984, the company is currently headquartered in Middleton, Massachusetts, United States of America with an estimated 50 employees. Subscribe to learn more
Marmen Inc.
Marmen Inc. is a private company operating internationally in the manufacturing sector. The company's offerings include welding, brazing & soldering services. Founded in 1972, the company is currently headquartered in Trois-Rivieres, Quebec, Canada with an estimated 205 employees. Subscribe to learn more
Martinrea International Inc.
Martinrea International Inc. is a public company operating globally in the manufacturing sector. The company's offerings include welding, brazing & soldering services. Founded in 2018, the company is currently headquartered in Vaughan, Canada with an estimated employee count of over 10,000. Subscribe to learn more
Mayville Engineering Company Inc.
Mayville Engineering Company, Inc. is a manufacturing company that provides a broad range of prototyping and tooling, production fabrication, coating, assembly, and aftermarket components. It offers metal fabrication, stamping, tube bending and forming, robotic part forming, robotic welding, resistance welding,... Subscribe to learn more
Messer Group GmbH
Messer Group GmbH is a public company operating globally in the manufacturing and manufacturing sectors. The company's offerings include noble & elemental gases and welding, brazing & soldering services. Founded in 2018, the company is currently headquartered in Bad Soden, Germany with an estimated 5500 employees.... Subscribe to learn more
Meyer Tool & Mfg. Inc.
Meyer Tool & Mfg. Inc. is a private company operating internationally in the manufacturing sector. The company's offerings include welding, brazing & soldering services. Founded in 1969, the company is currently headquartered in Oak Lawn, Illinois, United States of America with an estimated 37 employees. Subscribe to learn more
Modern Welding Company Inc.
Modern Welding Company Inc. is a private company operating nationally in the manufacturing sector. The company's offerings include welding, brazing & soldering services. Founded in 1932, the company is currently headquartered in Owensboro, Kentucky, United States of America with an estimated 641 employees.... Subscribe to learn more
O'neal Industries, Inc.
O'neal Industries, Inc. is a private company operating globally in the manufacturing sector. The company's offerings include sheet metal, electroshock weapons, metal forming services and welding, brazing & soldering services. Founded in 1921, the company is currently headquartered in Birmingham, Alabama, Subscribe to learn more
Reliance Steel & Aluminum Co.
Reliance Steel & Aluminum Co. is a public company operating globally in the manufacturing sector. The company's offerings include welding, brazing & soldering services. Founded in 1939, the company is currently headquartered in LOS ANGELES, California, United States of America with an estimated 14500 employees.... Subscribe to learn more
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Procurement Management KPIs for the Welding, Brazing & Soldering Services Market
Managing vendor performance throughout the contract period is easier when tracking specific key performance indicators (KPIs). For example, buyers should monitor Customer Satisfaction (CSAT) and Employee Retention Rate. Buyers may experience better performance throughout their contracts if they establish service level agreements (SLAs) based on Timeliness and other factors.
| KPI | Level of Importance (1-5) | Measurements | Key Considerations |
|---|---|---|---|
| Customer Satisfaction (CSAT) |
|
Number of complaints Number of positive customer responses Number of customer responses |
Customer satisfaction represents customers’ overall satisfaction with a company. An increasing number of complaints from customers that exceeds the growth of new customers indicates that the product or service may be declining in its level of quality. Customer satisfaction can be used to determine whether customer improvements are required. |
| Employee Retention Rate |
|
Number of employees at start of period Number of employees at end of period |
The employee retention rate represents the share of employees a company is able to retain over a set timeframe. A vendor with an increasing employee attrition rate will face additional costs in efficiency and productivity by needing to take on and train new employees. A low employee retention rate can reveal whether employees are satisfied with their work environment. |
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Questions to Ask During Procurement Negotiations
How can I gain leverage during negotiations?
Experience and Expertise
How long has your company operated in this market? What types of welding processes do you specialize in?
Tell me about similar projects you have worked on in the past. What challenges did you face and how did you overcome them?
Competition
How do you maintain your competitive edge?
How do you attract new clients and retain existing clients?
Timeliness
What is your on-time delivery rate?
What checks and balances are in place to assure that the work is done on time without sacrificing quality?
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Welding, Brazing & Soldering Services RFP Guidelines
What should my RFP include?
Organizational Overview
Buyers should describe their organization, including information about the industries they operate in.
Buyers should state where they are located and where the welding, brazing and soldering services will primarily be completed.
Statement Of Need
Buyers should describe the materials that need welding, brazing and soldering.
Buyers should indicate what the intended use of the final product will be.
Project Budget
Buyers should state the amount of the contract.
Buyers should state the payment terms. (I.e. whether payment will be completed within 30 days after the bid is awarded, throughout the length of the contract, or upon project completion.)
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Our Reports include:
- Opportunity assessment
- Market dynamics
- Recent developments
- Positive and warning trends
- Buyer power levers
- Price environment and market pricing
- Geographic wage rates
- Global market updates
- Total cost of ownership
- Cost structure benchmarks and analysis
- Supply chain and vendors
- Global supplier breakdown
- Market share concentration
- Regulation and business requirements
- Vendor management and KPIs
- Sourcing strategy guidance
