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Blog
Strong market forecast for welding equipment
March 19, 2008
A new market research report says global sales for welding equipment and supplies will grow to $13.2 billion by the end of this year. It is expected to increase to $16.8 billion by 2013, a compound annual growth rate of 5 percent.
The report, conducted by BCC Research of Wellesley, Mass., breaks down the market by applications of welding equipment and consumables, various gases for welding, safety and protective equipment, and welding robots and accessories. Of these, the report says, welding equipment and consumables have the largest share of the market, worth an estimated $10.7 billion by the end of 2008. Sales for that segment should reach $13.6 billion by 2013, according to the report.
The safety and protective equipment segment will be worth $406 million by the end of the year and will rise to $487 million by 2013, the report says.
Posted by Jack Keough on March 19, 2008 | Comments (0)