The final quarter of 2024 showed a decline in welding hardgoods sales, while industrial gas revenue grew more slowly but remained significantly stronger than hardgoods.
There was a 2.3% decline in hardgoods sales in the quarter, while industrial gas sales grew 4.7%. Pricing for hardgoods and industrial gases both grew – by 2.1% and 3% respectively.
The findings come from the Baird/gasworld Q4 2024 Welding and Industrial Gas Survey, which this time around collated the views of 16 executives at industrial gas and welding equipment distributors and manufacturers, with combined annualized revenues of around $4.6bn.
Respondents were distributed across the US, with the Midwest being the most represented region in the responses.
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