Global Welding Equipment Market Poised for Healthy Growth; Revenues to Reach US$ 10.45 Bn by 2016 End
The global welding equipment market is expected to thrive at an impressive CAGR of 7.9% over the forecast period, 2016-2024. Staggering demand from automotive and transportation sectors will remain a key driver. In terms of sales, the market will reach a value of US$ 19.16 Bn by 2024 end, up from US$ 10.45 Bn estimated for 2016. Arc welding segment will remain the key segment with around 50% of the total market share.
View full press release