U.S. Welding Consumables Market Size Worth $2.39 Billion By 2028
U.S. Welding Consumables Industry Overview The U.S. welding consumables market size is expected to reach USD 2.39 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 2.3% from 2021 to 2028. The growing demand for the product due to rising automation in welding primarily in the automotive industry is expected to emerge as the primary growth driver for the market over the forecast period. U.S. Welding Consumables Market Segmentation Grand View Research has segmented the U.S. welding consumables market on the basis of technology and product: Based on the Technology Insights, the market is segmented into Arc Welding, Resistance Welding, Oxy-fuel Welding, Laser Beam Welding, Others. Arc welding emerged as the largest technology segment in 2020 and accounted for a revenue share of 38.5% in the U.S. market. High penetration of the technology on account of its ease of usage across the building and construction and ...