Europe Hardfacing Welding Market Size & Outlook, 2030

Revenue, 2023 (US$M)

$397.0

Forecast, 2030 (US$M)

$559.7

CAGR, 2024 - 2030

Report Coverage

Europe

Europe hardfacing welding market, 2018-2030 (US$M)

Unlock Premium

Related Markets

Global Hardfacing Welding Industry Outlook

North America Hardfacing Welding Market Outlook

Asia Pacific Hardfacing Welding Market Outlook

Latin America Hardfacing Welding Market Outlook

MEA Hardfacing Welding Market Outlook

Europe hardfacing welding market highlights

The Europe hardfacing welding market generated a revenue of USD 397.0 million in 2023.
The market is expected to grow at a CAGR of 5% from 2024 to 2030.
In terms of segment, submerged arc welding (saw) was the largest revenue generating type in 2023.
Submerged Arc Welding (SAW) is the most lucrative type segment registering the fastest growth during the forecast period.

Europe data book summary

Market revenue in 2023	USD 397.0 million
Market revenue in 2030	USD 559.7 million
Growth rate	5% (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)
Key market players worldwide	Illinois Tool Works Inc, Lincoln Electric Holdings Inc, ARC Specialties, Kjellberg Finsterwalde, OTC DAIHEN, Polymet, F.W. Winter, ESAB Corp, Welding Alloys Group

Other key industry trends

In terms of revenue, Europe region accounted for 22.9% of the global hardfacing welding market in 2023.
Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
Asia Pacific is the fastest growing regional market and is projected to reach USD 888.4 million by 2030.

No credit card required*

Horizon in a snapshot

30K+ Global Market Reports
120K+ Country Reports
1.2M+ Market Statistics
200K+ Company Profiles
Industry insights and more

Hardfacing Welding Market Scope

Hardfacing welding market segmentation & scope

Type

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

Application

Metalworking

Shipbuilding

Mining Industry

Oil & Gas

Others

Regions

Latin America

Europe

North America

Middle East & Africa

Asia Pacific

Countries

Canada

Mexico

U.S.

France

Germany

Italy

Norway

Spain

Sweden

Australia

China

India

Japan

South Korea

Argentina

Brazil

Kuwait

Saudi Arabia

South Africa

UAE

Hardfacing Welding Market Companies

Name	Profile	# Employees	HQ	Website

Europe 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 Europe hardfacing welding market based on submerged arc welding (saw) covering the revenue growth of each sub-segment from 2018 to 2030.

Reasons to subscribe to Europe hardfacing welding market databook:

Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.

Target buyers of Europe hardfacing welding market databook

Our clientele includes a mix of hardfacing welding market companies, investment firms, advisory firms & academic institutions.
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of continent-level data and insights on the Europe hardfacing welding market , including forecasts for subscribers. This continent databook contains high-level insights into Europe hardfacing welding market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

Partial client list