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.
This report provides:
-An overview of the market for welding products and related consumables.
-Analyses of 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.
-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.
Welding, the fusing of the surfaces of two workpieces is a precise, reliable and cost-effective method for joining materials. No other technique is as widely used by manufacturers to join metals and alloys efficiently and to add value to their products. 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. Welding has been used in space. The process also finds applications in air and underwater. Most of the familiar objects in modern society, from buildings and bridges, to vehicles, computers, and medical devices, could not be produced without the use of welding. Welding goes well beyond the bounds of its simple description. Welding today is applied to a wide variety of materials and products, using such advanced technologies as lasers and plasma arcs. The future of welding holds even greater promise as methods are devised for joining dissimilar and nonmetallic materials, and for creating products of innovative shapes and designs.Read » Welding Equipment and Supplies: The Global Market - Focus on Thermochemical Welding