US$ 21.8 Bn in
~5% from
2019 to
2027. Rapid development in infrastructure and urbanization are key factors stimulating the expansion of the global welding products market over the assessment tenure. Welding technology find increased use in the making of buildings, bridges, pipelines and various other engineered projects across the globe.
Key Drivers of Welding Products Market
Rapid infrastructural development and technological advancements primarily in the automotive industry are anticipated to boost demand over the forecast period. Growing demand for resistant welding technology from numerous applications mainly in the automotive industry for maintenance and repair are the key factors propelling the demand for welding products.