Overview of the Market for Welding And Soldering Equipment in the USA
In value terms, welding and soldering equipment production declined modestly to $ in . Over the period under review, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of % y-o-y. Welding and soldering equipment production peaked at $ in 2014; however, from 2015 to , production remained at a lower figure.
The size of the welding and soldering equipment market in the U.S. declined slightly to $ in , shrinking by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2013 to ; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the market value increased by % y-o-y. As a result, consumption attained the peak level of $. from 2018 to , the growth of the market remained at a somewhat lower figure.