Not far behind, the global welding equipment, accessories, and consumables market is expected to fetch $24 billion by 2021. Despite projected growths, the welding industry faces some uncertainties due to the ever-growing skilled labor shortage, as well as the recent Section 232 tariffs.
Most Popular Types of Welding
Metal Inert Gas (MIG or GMAW) ...
Tungsten Inert Gas (TIG or GTAW) ...
Shielded Metal Arc Welding (SMAW or Stick) ...
Fluxcore (FCAW)
Key factors driving the welding products market growth include design flexibility, reduction in the overall weight of the building structures, and the ease of modification are projected to promote the demand from construction and industrial application segments.
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