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Advanced Materials

Welding Equipment and Supplies: The Global Market

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REPORT HIGHLIGHTS

  • Global market for welding products is $16.3 billion in the year 2011 and is projected to cross $17 billion in the year 2012. This is further anticipated to increase to $21.9 billion by 2017 at a compound annual growth rate (CAGR) of 5.2%.
  • The markets for consumables gas and protective equipment accounts for the highest market share and are expected to reach $10.9 billion by 2012 and further to increase to $14.4 billion by 2017 at a CAGR of 5.7%.
  • The market for welding equipments is $4.5 billion in the year 2011 and is projected to experience an increase from $4.7 billion in 2012 to more than $5.5 billion in 2017, a CAGR of 3.3%.

SUMMARY FIGURE
GLOBAL MARKET FOR WELDING PRODUCTS, 2010-2017
($ MILLIONS)
Source: BCC Research