Overview of the Market for Welding And Soldering Equipment in the USA
In value terms, welding and soldering equipment production fell to $ in 2019. Over the period under review, production recorded a perceptible curtailment. The growth pace was the most rapid in 2014 with an increase of % year-to-year. As a result, production reached the peak level of $. From 2015 to 2019, production growth remained at a lower figure.
The value of the welding and soldering equipment market in the U.S. skyrocketed to $ in 2019, growing 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). Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $ in 2017; however, from 2018 to 2019, consumption failed to regain the momentum.