Welding Projected Growth

Welding Industry Growth According to Persistence Market Research welding equipment sales in the US eclipsed 105 Billion in 2016. The welding materials market is projected to grow from USD 136 billion in 2020 to USD 173 billion by 2025 at a CAGR of 48 Published.

Welder Hometown Success

Apr 22 2021 The Expresswire -- According to the report Thewelding market sizeis projected to reach USD 2722 billion by the end of 2027.

Welding projected growth. Welders cutters solderers and brazers use hand-welding flame-cutting hand soldering or brazing equipment to weld or join metal components or to fill holes indentations or seams of fabricated metal products. Each segment of the industry and each welding process has its own growth patterns. State Area Data.

The key factor contributing to the growth of the robotic welding market in APAC is the emergence of countries such as China Japan India and South Korea as manufacturing hubs for electronic equipment devices and components. 02 WHAT IS WELDING CUTTING SOLDERING AND BRAZING. As of today the Bureau of Labor Statistics predicts there will be a slower than average job growth period for welders between 2012-2022.

While many professions are still licking their wounds from the latest recession due to Covid-19 the welding industry has enjoyed exciting growth. Welders are required in several different industries. The resistance welding technology segment is projected to expand at a CAGR of 62 from 2020 to 2027 and reach USD 101 billion in 2027.

Global Industry Analysis and Forecast 2016 -2024 this segment is expected have an annual growth rate of 79 through 2024. Conventional electric arc welding equipment and filler metals represent over two-thirds of this total. Welding robotics follows a similar trend.

Thus it is no surprise that employment too often is high. The Bureau of Labor Statistics reports that welders have a bright job outlook in coming years projecting a 15 percent growth rate in the number of welder positions between 2010 and 2020. The number is estimated grow globally by over 80 in the coming years approaching 38 million robots in 2021.

Employment of welders cutters solderers and brazers is projected to grow 3 percent from 2019 to 2029 about as fast as the average for all occupations. The global robotic welding market is projected to reach USD 596 billion by 2023 growing at 891 Compound Annual Growth Rate CAGR. Ad High Performance Wide Range Quality Structural Adhesives for Plastic Bonding.

According to statistics the welding industry soon will grow by as much as 26 percent. Ad High Performance Wide Range Quality Structural Adhesives for Plastic Bonding. The nations aging infrastructure will require the expertise of welders cutters solderers and brazers to help rebuild bridges highways and buildings.

The growth of the welding industry has been approximately 6 per year. In their report Welding Equipment Market. Growing use of resistance welding technology in the automotive industry for various processes such as spot welding projection welding and seam welding is likely to promote the growth of the segment.

March 11 2021 at 720 am. With this potential growth welding in the United States is undoubtedly among the fastest-growing occupations. The market in this region is projected to grow at the highest CAGR from 2021 to 2026.

The site is predicting a meager 6 increase in job growth during this period. In fact since the end of 2019 skilled labor has been one of the highest occupations in demand second to Online related jobs.

Welding Equipment Market Size Share Industry Report 2025