South Korean Welding Equipment and Consumables Markets

Abstract

South Korean welding equipment and consumables markets are one of the larger world markets in terms of the revenue generated. This is a direct result of the role major welding intensive sectors play in the economy, namely the automotive and the shipbuilding sector. However, in terms of technological requirements of the end-users of welding technology, the market has a slightly lower level of sophistication than other major welding equipment markets like the United States, Germany or Japan. Nevertheless, general growth prospects remain good and the outlook for the welding equipment and consumables markets do also.