Welding Equipment and Supplies: The Global Market
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 report has been prepared in a simple, easy to understand format. A number of tables and charts/figures are included, which illustrate current and future market scenarios. The scope of the report includes a detailed study of global and regional markets for various types of welding equipment and consumables with the reasons given for variations in the growth of the industry in certain regions.
The analyst is a mechanical engineer with more than 40 years of experience in designing factory layouts and setting up factories. He has set up factories for the production of weighing machines and dynamic balancing machines in India and has experience in designing, producing, and servicing the above equipment. He was Senior Vice President of M/S Schenck Avery, Ltd., an Indo-German joint venture, and has set up heavy fabrication shops for fabricating various structures of weighing and dynamic balancing equipment.
- The global market for welding equipment and consumables increased from $12.7 billion in 2007 to an estimated $13.2 billion by the end of 2008. It should reach $16.9 billion by 2013, a compound annual growth rate (CAGR) of 5%.
- Arc-welding equipment holds the largest market share. Worth an estimated $10.7 billion by the end of 2008, this segment will reach $13.6 billion in 2013.
- The market for welding robots is growing at a higher rate than any other industrial robot market.
The U.S. and Canadian markets for metal welding equipment and supplies in 2002 is expected to reach $3.9 billion. Rising at an average annual growth rate (AAGR) of 3.5%, this market will reach $4.6 billion in 2007.
The world market is estimated at $9.9 billion in 2002 and is projected to grow at an AAGR of 5.0% to about $12.7 billion in 2007.
The world market is growing faster than North America because welding is used to build infrastructure in industrializing Third World nations.
Welding is threatened by alternative joining technologies, such as adhesive bonding, with many users seeing welding as a manufacturing bottleneck.
Arc welding accounts for roughly 75% of the market in North America.
Laser welding grew 10% to 12% annually prior to 2001 and continues to develop.