Welding Equipment and Supplies: The Global Market

August 24, 2011

Wellesley, Mass. – In a recent release, WELDING EQUIPMENT AND SUPPLIES: THE GLOBAL MARKET (AVM040C) from BCC Research (www.bccresearch.com), the global market for welding products will reach $17 billion in 2012. That value is projected to reach nearly $21 billion in 2017, after increasing at a five-year compound annual growth rate (CAGR) of 5.2%.

The global market for welding products can be broken down into three segments – consumables/gases/protective equipment; welding equipment; and automated/robotic welding and accessories.

The segment comprised of consumables/gases/protective equipment, estimated to value $10.9 billion in 2012, is projected to reach $14.4 billion in 2017, yielding a CAGR of 5.7%.

The welding equipment segment should be worth $4.7 billion for 2012 and in 2017 that value should reach $5.6 billion, a CAGR of 3.3%.

The segment made up of automated/robotic welding and accessories will be worth $1.3 billion in 2012 and in 2017 should be worth $1.9 billion, a CAGR of 7.2%.

Welding is used as a fabrication process in every industry large or small, and is a principal means of fabricating and repairing metal products. The process is an efficient, economical, and dependable means of joining metals. It finds application in the automobile industry, and in the construction of buildings, bridges and ships, submarines, pressure vessels, offshore structures, storage tanks, oil, gas and water pipelines, girders, press frames, and water turbines.

The welding equipment market is very mature, however, with the growing trend toward welding automation and the increase in demand from end-user industries, higher growth is expected. The remarkable success of welding-intensive, end-user sectors, such as the shipbuilding and automotive industries, has galvanized the welding equipment and consumables market.

An increasing number of industries are automating their production to a large extent and robot welding is becoming a standard feature of such automation. The market for welding robots is growing at a higher rate than any other type of industrial robot.

This report is intended to help marketing managers, research and development professionals, advertising agencies, business development executives, and anyone interested in finding out more about welding, its market, and its future.

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Welding Equipment and Supplies: The Global Market( AVM040C )
Publish Date: Jul 2011    

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