Project report for Welding shop

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Introduction

India is the second largest steel manufacturer, probably, just reaching towards Japan. The sector picks about 95 to 100 million tonne of steel every year. With the set target, it can be said that there is a huge market for the welding industry in India. Besides, the growing infrastructure projects are another big business for welding. Welding is a fabrication process that joins materials, usually metals or thermoplastics, by using high heat to melt the parts together and allowing them to cool, causing fusion. A welding business repairs, restores, and assists building metal based items. Welding and fabrication services include flux core welding, aluminum welding, plasma cutting, metal fabrication, dump truck box repair, and more. A high quality welding business can fix most things made out of metal, assisting numerous projects in the span of a year. Welding is distinct from lower temperature metal-joining techniques such as brazing and soldering, which do not melt the base metal. In addition to melting the base metal, a filler material is typically added to the joint to form a pool of molten material (the weld pool) that cools to form a joint that, based on weld configuration, can be stronger than the base material (parent metal). Pressure may also be used in conjunction with heat or by itself to produce a weld. Welding also requires a form of shield to protect the filler metals or melted metals from being contaminated or oxidized.

Market potential & Strategy

The welding materials market is projected to grow from INR 10, 180 Crores in 2020 to INR 12, 950 Crores by 2025, at a CAGR of 4.8% during the forecast period. However, environmental impact of welding materials shortage of skilled labor and high labor cost restrain the growth of the market. The welding materials market has grown considerably in recent times due to the development of the transportation industry and growth in the building and construction activities in emerging economy such as India. This is expected to remain a key driving factor for the market over the next five years. However, environmental impact of welding materials shortage of skilled labor and high labor cost restrain the growth of the market.

This industry seems to be growing the fastest with recent years showing maximum growth. The welding industry has been approximately stated to grow at the very least 6% per year. Conventional electric arc welding equipment and filler metals represent over two-thirds of this total. This industry has many segments and each segment of the industry and each welding process have its own growth patterns noted after accurate research. It’s important to note that Welding is now the universally accepted method of permanently joining all metals. The wielding industry is considered a mature industry but it is still a growing industry from different perspectives. The true impact of welding on the metalworking industry should be measured in the value of the parts produced by welding, the amount of money saved by the use of welding over other metal fabrication processes, and in the value of products made possible by welding.

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