LONDON--(BUSINESS WIRE)--By 2017, the global welding products market is expected to attain a value of $21.9 billion, according to a new report available from companiesandmarkets.com. This compares with 2011 market estimates of $16.3 billion, and a forecast of $17 billion in 2012; representative of a CAGR of 5.2%.
Welding Equipment and Supplies: The Global Market
http://www.companiesandmarkets.com/Market-Report/welding-equipment-and-supplies-the-global-market-670791.asp?prk=7c4ed5b510c1ffe12b50d9829eddaba2
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%.
The welding market is comprised of equipment, supplies, materials and support services providers, as well as the end users. The diverse range of applications techniques mean that the welding equipment and supply market is fragmented: several large companies dominate, while hundreds of smaller companies provide specialist/niche products and services such as marking equipment, screens and welding torches.
Examples of welding processes and technologies analysed within the report include: arc, MIG, TIG, plasma-arc, shielded metal arc-welding, submerged arc-welding, carbon arc-welding, electro-slag, radiant energy, laser, electron beam, atomic hydrogen, solid state, ultrasonic, cold and diffusion.
The 376 page welding equipment research report, published in July 2011, provides a comprehensive explanation of the welding sector, with forecast data to 2017. It incorporates discussion of advantages/disadvantages of welding techniques, technologies, trends, innovations, future requirements, market drivers/barriers, key players and their strategies.