Argentina Welding Equipment Market Size & Outlook
Argentina welding equipment market, 2018-2030 (US$M)
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Argentina welding equipment market highlights
- The Argentina welding equipment market generated a revenue of USD 211.3 million in 2023 and is expected to reach USD 305.4 million by 2030.
- The Argentina market is expected to grow at a CAGR of 5.4% from 2024 to 2030.
- In terms of segment, arc welding was the largest revenue generating technology in 2023.
- Laser Beam Welding is the most lucrative technology segment registering the fastest growth during the forecast period.
Welding equipment market data book summary
| Market revenue in 2023 | USD 211.3 million |
| Market revenue in 2030 | USD 305.4 million |
| Growth rate | 5.4% (CAGR from 2023 to 2030) |
| Largest segment | Arc welding |
| Fastest growing segment | Laser Beam Welding |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Arc Welding, Resistance Welding, Laser Beam Welding, Oxy-Fuel Welding, Other Technology |
| Key market players worldwide | Lincoln Electric Holdings Inc, ACRO AUTOMATION SYSTEMS, INC., Illinois Tool Works Inc, Voestalpine AG, Carl Cloos Schweisstechnik, OTC DAIHEN, Panasonic Industry, ESAB Corp, Coherent Corp, Ador Welding, Mitco Global, POLYSOUDE, Kemppi |
Other key industry trends
- In terms of revenue, Argentina accounted for 1.1% of the global welding equipment market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil welding equipment market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 791.3 million by 2030.
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Welding Equipment Market Scope
Welding Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina welding equipment 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 welding equipment market will help companies and investors design strategic landscapes.
Arc welding was the largest segment with a revenue share of 70.61% in 2023. Horizon Databook has segmented the Argentina welding equipment market based on arc welding, resistance welding, laser beam welding, oxy-fuel welding, other technology covering the revenue growth of each sub-segment from 2018 to 2030.
Automobile market of Argentina witnessed a significant rise in May 2022 as approximately 35,302 units of vehicles were sold (+58.1%), making year-to-date sales of the country at 173,486 units (+1.6%). Volkswagen loses half its sales in the market in Argentina.
The rapid expansion of the automotive industry in the country has been driven by the implementation of the new national automotive plan, namely, the One Million Plan, which aims at doubling employment in this industry in the next five years owing to booming vehicle exports and increasing domestic automobile demand.
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Our clientele includes a mix of welding equipment market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina welding equipment market , including forecasts for subscribers. This country databook contains high-level insights into Argentina welding equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina welding equipment market size, by technology, 2018-2030 (US$M)
Argentina Welding Equipment Market Outlook Share, 2023 & 2030 (US$M)
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