What to Weld?
Did you know that employment projections predict that jobs in welding, cutting, soldering, and brazing will grow by 8% between 2020 and 2030? That requires a lot of welding equipment!
Welding is a necessary part of many industries that drive our economy, like general construction, aerospace, automotive, shipping and rail, maintenance, and manufacture.
There’s also plenty of personal uses for welding equipment outside of the industrial sector. Learning to weld yourself can help save money on home and auto repairs that would normally require you to pay a professional. Welding can also be creative — there are plenty of crafts that can be done with welding equipment, like making sculptures out of household items.
The Welding Market
Over the past few years, the welding market has grown steadily, especially in wealthier countries like the U.S.
The growth of the welding sector has been driven by trends like city growth, increasing industrialization, advancements in welding technology, and rising foreign investment in welding.
In 2019, the size of the global welding products market was an estimated $14.49 billion. The welding market is expected to have a revenue-based compound annual growth rate of 6.2% over the next six years. Stick electrodes and solid and flux-cored wires represent the most product growth in this market.
Welding Equipment at Compass
If you’re looking to liquidate welding equipment while adding to the bottom line of your business, contact Compass today to speak with our team of consignment professionals.
Our auctions attract a good bidding audience in the industrial sector, thanks to their industrial focus.