Welding and Cutting Equipment Market to expand at a CAGR of 5.4%, attaining a Valuation of USD 36.0 Billion - Analysis by Transparency Market Research, Inc. [Yahoo! Finance]
ESAB Corporation (ESAB)
Company Research
Source: Yahoo! Finance
Wilmington, Delaware, United States, Transparency Market Research Inc. -, Oct. 29, 2024 (GLOBE NEWSWIRE) -- The welding and cutting equipment market ( ?? ? ?? ?? ?? was valued at US$ 22.8 billion in 2022. A CAGR of 5.4% is projected from 2023 to 2031 , with US$ 36.0 billion expected by the end of the decade. As infrastructure ages, the repair and maintenance of existing infrastructure is becoming increasingly important across many industries. Welding and cutting equipment are indispensable in repairing metal structures, equipment, and machinery. Welding and cutting tools are continuously required to maintain aging infrastructure, such as pipelines, bridges, and industrial facilities. Economic development depends heavily on the manufacturing sector. With the expansion of industries wishing to meet consumer demand, autos, electronics, machinery, welding, and cutting equipment are in higher demand. A metal fabrication tool, an assembly line tool, or a machinery tool is essential for
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ESAB
Earnings
- 10/29/24 - Beat
ESAB
Sec Filings
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- 11/1/24 - Form 4
- ESAB's page on the SEC website