Middle East & Africa Hardfacing Welding Market Size & Outlook
MEA hardfacing welding market highlights
- The MEA hardfacing welding market generated a revenue of USD 135.0 million in 2023.
- The market is expected to grow at a CAGR of 4.6% 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.
MEA data book summary
| Market revenue in 2023 | USD 135.0 million |
| Market revenue in 2030 | USD 185.3 million |
| Growth rate | 4.6% (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, MEA region accounted for 7.8% 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 Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Welding Alloys Group | View profile | 1001-5000 | Royston, Barnsley, United Kingdom, Europe | http://www.welding-alloys.com |
| F.W. Winter | View profile | 11-50 | Camden, New Jersey, United States, North America | https://www.fwwinter.com/ |
| Polymet | View profile | 11-50 | Blackburn, Lancashire, United Kingdom, Europe | https://www.polymet.ltd.uk/ |
| Kjellberg Finsterwalde | View profile | 11-50 | Finsterwalde, Brandenburg, Germany, Europe | http://kjellberg.de |
| ARC Specialties | View profile | 11-50 | Houston, Texas, United States, North America | https://www.arcspecialties.com/ |
| OTC DAIHEN | View profile | 51-100 | Tipp City, Ohio, United States, North America | https://www.daihen-usa.com |
| ESAB Corp | View profile | 9000 | 909 Rose Avenue, 8th Floor, North Bethesda, MD, United States, 20852 | https://www.esabcorporation.com |
| Lincoln Electric Holdings Inc | View profile | 12000 | 22801 Street Clair Avenue, Cleveland, OH, United States, 44117 | https://www.lincolnelectric.com |
| Illinois Tool Works Inc | View profile | 45000 | 155 Harlem Avenue, Glenview, IL, United States, 60025 | https://www.itw.com |
Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa hardfacing welding market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa hardfacing welding market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Related industry reports
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
