Welding Equipment and Supplies: The Global Market
Report Highlights
The global market for welding products reached $23.0 billion in 2015. The market should reach $24.2 billion in 2016 and $31.8 billion by 2021, demonstrating a compound annual growth rate (CAGR) of 5.6% from 2016 to 2021.
Report Includes
- An overview of the global markets for welding equipment, supplies, and related technologies.
- Analyses of global market trends, with data from 2015, estimates for 2016, and projections of CAGRs through 2021.
- Information pertaining to machinery, filler materials, and accessories for various welding processes.
- A look at how the value of shipments at the manufacturing level fluctuates with the volume of metals consumed in the global industry.
- Insight concerning the fact that new technologies and methods are being introduced in the market at a very fast rate.
- Evaluation of the technology life-cycle costs of various technologies involved as well as the product life cycle of equipment and supplies involved in the processes.
- Analysis of the market's dynamics, specifically growth drivers, restraints, and opportunities.
- Sales figures of major manufacturers, their respective positions in the market, competition involved in the field, and the future outlook for these companies.
Report Scope
The report has been prepared in a simple, easy-to-understand format. A number of tables and charts/figures are included to illustrate current and future market scenarios. The report includes a detailed study of global and regional markets for various types of welding equipment and consumables, including shielding gases, safety and protective equipment and automated welding equipment and accessories, with reasons given for variations in the growth of the industry in certain regions.
Analyst Credentials
Srinivasa Rajaram 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 this equipment. He was senior vice president of M/S Schenck Avery Ltd., an Indo-German joint venture producing balancing and diagnostic equipment, and has set up heavy fabrication shops for various weighing and dynamic balancing equipment.
Report Highlights
The global market for welding products reached nearly $18.4 billion in 2013. This market is expected to reach $19.3 billion in 2014 and nearly $25.1 billion by 2019, demonstrating a compound annual growth rate (CAGR) of 5.3% for the five-year period, 2014 to 2019.
Report Includes
- An overview of the global market for welding products and related consumables.
- Analyses of global market trends, with data from 2012 and 2013, estimates for 2014, and projections of CAGRs through 2019.
- Information pertaining to machinery, filler materials, and accessories for various welding processes.
- A look at how the value of shipments at the manufacturing level fluctuates with the volume of metals consumed in the global industry.
- Insight concerning the fact that new technologies and methods are being introduced in the market at a very fast rate.
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%.
Report Highlights
This Report:
- 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.
Report Highlights
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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.
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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.
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The world market is growing faster than North America because welding is used to build infrastructure in industrializing Third World nations.
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Welding is threatened by alternative joining technologies, such as adhesive bonding, with many users seeing welding as a manufacturing bottleneck.
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Arc welding accounts for roughly 75% of the market in North America.
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Laser welding grew 10% to 12% annually prior to 2001 and continues to develop.