“The expansion of the global welding machinery industry is forecast to reach 4.0% p.a. in the coming years. Between 2007 and 2013 the market increased with an average annual growth of 4.6%. Currently, electric plasma and arc welding machinery accounts for 37.3% of the global demand while the remaining market share is divided between electric resistance welding machinery (24.9%), other electric, ultrasonic and laser welding machinery (30.5%), gas welding machinery (2.7%) and other welding machinery (4.6%).
Canada, China, Germany, Japan and the United States represent the largest welding machinery markets while the strongest annual growth is forecast to occur in Bangladesh (18.4%), the United States (13.1%), Bolivia (12.8%), Ecuador (9.8%) and Kyrgyzstan (9.4%).”
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