Global Hardfacing Welding Market Size & Outlook, 2023-2030
Global hardfacing welding market, 2018-2030 (US$M)
Global hardfacing welding market highlights
- The global hardfacing welding market generated a revenue of USD 1,734.4 million in 2023 and is expected to reach USD 2,479.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.2% by 2030.
- In terms of segment, submerged arc welding (saw) accounted for a revenue of USD 1,734.4 million in 2023.
- Submerged Arc Welding (SAW) is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 1,734.4 million |
| Market revenue in 2030 | USD 2,479.7 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Submerged arc welding (saw) |
| Fastest growing segment | Submerged Arc Welding (SAW) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Submerged Arc Welding (SAW) |
Other key industry trends
- In terms of revenue, the North America accounted for 25.8% of the global hardfacing welding market in 2023.
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Hardfacing Welding Market Scope
Hardfacing Welding Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global hardfacing welding market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hardfacing welding market will help companies and investors design strategic landscapes.
Submerged arc welding (saw) was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Global hardfacing welding market based on submerged arc welding (saw) covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Hardfacing Welding Type Outlook (Revenue, USD Million, 2018-2030)
- Submerged Arc Welding (SAW)
- Flux Cored Arc Welding (FCAW)
- Shielded Metal Arc Welding (SMAW)
- Gas Metal Arc Welding (GMAW)
- Gas Tungsten Arc Welding (GTAW)
- Plasma Transferred Arc Welding (PTAW)
- Oxy-Fuel Welding (OFW)
- Electro Slag Welding (ESW)
- Others
- Global Hardfacing Welding Application Outlook (Revenue, USD Million, 2018-2030)
- Metalworking
- Shipbuilding
- Mining Industry
- Oil & Gas
- Others
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Target buyers of Global hardfacing welding market databook
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Our clientele includes a mix of hardfacing welding market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global hardfacing welding market , including forecasts for subscribers. This global databook contains high-level insights into Global hardfacing welding market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global hardfacing welding market size, by regions, 2018-2030 (US$M)
Related regional statistics
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