After the end of the global financial crisis, finally, things seem to be showing an upswing especially for the construction and welding industries which were among the few most impacted ones. As the economies of both UK and US continue to grow the same is expected to be seen in the soldering and welding market as well. Since these economies impact the other European countries as well any growth seen here has an impact on them too.
The welding industries major work comes from the construction industry. As per research submitted by the office for national statistics in quarter 3 in 2016 the output of the construction industry in the UK showed a drop of 2.4% from the past quarter. This shows a reverse impact on the soldering industry as well. The opposite of this also holds true as any upward boom in the construction industry leads to the welding industry also showing the same trend.
As the amount of work is increasing so is the demand for certain specific products. The category that is showing the most growth is the safety gears. The primary reason for that is the demand hike in workers who can handle soldering work. This leads to the demand for safety gears increasing as welding work cannot be done without the usage of the same. The use of blue arc technology in the welding equipment’s has led to the processes getting faster and simplified.
Manufacturing is becoming hi-tech and the use of advanced tools and processes is helping in making the product creation process faster.HLAW is another technology which makers are substantially using to their advantage. While till now it was imperative for products to be welded at the manufacturing unit this technology allows tools to be taken to the location of the product that needs to be welded.
Even though the industry had shown signs of decline in the past few years a bounce is expected in the coming few years. The UK as a market became dependent on imports and once they were stabilized the industry also started showing visible signs of improvement.2013-2015 were tough periods for this industry but as per analysts, the future is bright now.
The UK is an independent economy in itself but for raw materials, it still has to look up to other neighboring countries. In such situations, it is often tough to predict what the future of the industry is going to be like. However current indications are making things clear, as the construction industry has shown a rise in work so shall the welding supplies industry.