Table of Contents
What is the size of the welding market?
The global welding products market size was estimated at USD 14.49 Billion in 2019 and is projected to register a revenue-based CAGR of 6.2\% over the forecast period.
How much is the welding industry worth?
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.
Who is the largest welding manufacturer?
ESAB is the world’s largest supplier of welding equipment. Miller Electric is an arc welding and cutting equipment manufacturing company based in Appleton, WI.
Is the welding industry growing?
The U.S. Bureau of Labor Statistics speculates expectations are the need for welders to grow by 26 percent by the end of 2020, although Covid-19 did become a bump in the growth rate. This also makes welding one of the fastest-growing professions in America.
What industries use welders?
There are many types of manufacturing plants that hire welders; however, the most common employers are architectural and structural metals manufacturing, mining and agricultural manufacturing as well as motor vehicle manufacturing. Aerospace industries and shipbuilding companies are also major welding employers.
What is the welding sector?
About the Industry Welding is both a technical skill and a creative art with many different applications, which can lead to a career in the following fields: construction, manufacturing, artistic welding, distribution and sales, education and technical sales.
Which welder brand is best?
The World’s Top 5 Best Welding Brands
- ESAB Welders. ESAB Welders (also known as Elektriska Svetsnings-Aktiebolaget) was founded by Oscar Kjellberg who developed the world’s first coated welding electrode in 1904.
- Lincoln Electric.
- Miller Electric.
- Everlast Welders.
- Hobart Welding Products.
Who is the world’s best welder?
Talented welders have to stack up on experience and knowledge, both of which aren’t easily found. Who is the best welder in the world? Well, according to the Arc Cup International Welding Competition (ACIWC) Anton Kamenskikh is considered as the best welder in the world in 2019.
What is the future for welding?
The Bureau of Labor Statistics expects to see 3\% growth between 2019 and 2029 for the employment of welders. This could translate into the addition of 13,600 jobs within the next 10 years. Plus, 36\% of welders in the U.S. were aged 45 or older in 2020, reports the BLS.