U.S. Welding And Soldering Equipment Market.
Analysis And Forecast to 2020
By PR Rocket on June 21, 2017
IndexBox Marketing has just published a new report “U.S. Welding And Soldering Equipment Market. Analysis And Forecast to 2020”
In 2014, U.S. welding and soldering equipment exports surpassed the pre-recession level of 2008. However, the decline of2015 led to a level significantly below that of 2008.
A post-crisis recovery and further stability improved industry performance in the recent years; however, due to declining exports and the strong dollar, exports should not be considered a major driving force for the welding and soldering equipment industry.
In 2015, Canada (401 million USD) and Mexico (297 million USD) were the main destinations of U.S. welding and soldering equipment exports, together comprising 50% of U.S. exports. Mexico became the fastest growing country of destination. Average annual growth rate of exports of welding and soldering equipment into this country stood at +10.3% from 2007 to 2015.
China came in third in this ranking with a 6% share, followed by Brazil and the Republic of Korea (3% each).
While the shares of Canada (+7 percentage points) and Mexico (+12 percentage points) increased, the shares of the other leaders remained relatively stable throughout the analyzed period.
From 2007 to 2015, the U.S. was a net exporter of welding and soldering equipment. During this period, exports consistently exceeded imports in value terms. However, imports displayed strong growth in 2015, while exports decreased, which resulted in a trade deficit of 74.6 million USD.
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“U.S. Welding And Soldering Equipment Market. Analysis And Forecast to 2020” provides an in-depth analysis of the U.S. welding and soldering equipment market. It presents the latest data of the market size and volume, domestic production, exports and imports, price dynamics and turnover in the industry. In addition, the report contains insightful information about the industry, including industry life cycle, business locations, productivity, employment and many other crucial aspects. The Company Profiles section contains relevant data on the major players in the industry.
In 2014, the U.S. took third place in global welding and soldering equipment exports (with a 14% share, based on USD), following China and Germany (14% each). In 2015, the U.S. exported 1,382 million USD, 14% below the previous year's figure.
U.S. exports of welding and soldering equipment showed mixed dynamics from 2007 to 2015. A significant drop in 2009 was followed by a recovery over the next two years, until the growth stalled. Exports remained relatively stable from 2012 to 2014, followed by a steeper decline in 2015.
Countries coverage: the U.S.
Data coverage:
Market size;
Domestic production, value of shipments;
Key market players and their profiles;
Exports, imports and trade balance;
Import and export prices;
Forecast of the market dynamics in the medium term;
Key industry statistics;
Life cycle of the industry;
Number of establishments and their locations;
Employment data;
Industry productivity.
Product coverage: Arc welding machines, components, and accessories, excluding electrodes and stud welding equipment; Arc welding metal electrodes; Resistance welders, components, accessories, and electrodes; Gas welding and cutting equipment, parts, attachments, and accessories; Other welding equipment, components, and accessories (excluding arc, resistance, and gas welding equipment); Welding and soldering equipment manufacturing etc.
Companies mentioned: Lincoln Electric Company, Miller Electric Mfg. Co., Nordson Efd, The ESAB Group, Comau, Hobart Brothers Company, Amada Miyachi America, ARC Machines, OK International, American Torch Tip Company, Manufacturing Technology, Automation International, The Paslin Company, Uniweld Products, Utica Enterprises, Aro Welding Technologies, Electron Beam Technologies, Select-Arc, Alltra Corporation, Associated Equipment Company, Lincoln Electric Holdings, The Harris Products Group, Lincoln Electric International Holding Company, Craft Industries, Fair Industries, Cookson America, Kaliburn, Surf-Frac Wellhead Equipment Company, Spiegelberg Manufacturing, Hi-Tech Weld Overlay Group.