U.S. Welding Consumables Market Research Scope And Data Sources 2028
U.S. Welding Consumables Industry Overview The U.S. welding consumables market size was valued at USD 2.0 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 2.3% from 2021 to 2028. The demand for welding consumables in the U.S. is expected to be driven by automation in the automotive sector, coupled with the extensive manufacturing abilities of the industrial sector in the economy. The market for U.S. welding consumables witnessed a notable decline on account of the lockdown imposed to curb the spread of COVID 19. The market also exhibited a decline due to the stoppage of industrial manufacturing on account of the lockdown imposed in the country. The demand for welding consumables for services involving essential MRO, coupled with the resumption of the manufacturing sector in the latter half of 2020, drove the demand for welding consumables. Gather more insights about the market drivers, restrains and growth of the U.S. Welding Consumables Market