World Welding Machinery Market to Grow 4.0% annually from 2014 to 2018, According to a New Study on ASDReports

Friday 3 October 2014, Amsterdam

Global demand for welding machinery is forecast to expand 4.0% p.a. between 2014 and 2018. Bangladesh, China, Germany, Japan and the United States are considered the highest potential markets in the coming years.

According to recently published research now available on ASDReports, the expansion of the global welding machinery industry is forecast to reach 4.0% p.a. in the coming years. Between 2007 and 2013 the market increased with an average annual growth of 4.6%. Currently, electric plasma and arc welding machinery accounts for 37.3% of the global demand while the remaining market share is divided between electric resistance welding machinery (24.9%), other electric, ultrasonic and laser welding machinery (30.5%), gas welding machinery (2.7%) and other welding machinery (4.6%).

Canada, China, Germany, Japan and the United States represent the largest welding machinery markets while the strongest annual growth is forecast to occur in Bangladesh (18.4%), the United States (13.1%), Bolivia (12.8%), Ecuador (9.8%) and Kyrgyzstan (9.4%).

Welding machinery market size compared to market growth in different countries