Brazil Welding Equipment Market Size & Outlook, 2023-2030
Brazil welding equipment market, 2018-2030 (US$M)
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Brazil welding equipment market highlights
- The Brazil welding equipment market generated a revenue of USD 524.7 million in 2023 and is expected to reach USD 791.3 million by 2030.
- The Brazil market is expected to grow at a CAGR of 6% 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 524.7 million |
| Market revenue in 2030 | USD 791.3 million |
| Growth rate | 6% (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, Brazil accounted for 2.7% 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 |
|---|
Brazil 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 70.86% in 2023. Horizon Databook has segmented the Brazil 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.
According to the National Agency for Petroleum, Natural Gas, and Biofuel, Brazil is expected to increase its oil production to over 5 million barrels of oil per day by 2027. In addition, the country requires multiple terminals and an extensive pipeline network to transport and store hydrocarbon-based products owing to their large size.
These factors are expected to drive the demand for welding equipment in Brazil as they are mainly used for joining oil-transporting pipelines. Moreover, the country is also anticipated to witness a surge in demand for these equipment due to the requirement for repairing and maintaining old pipelines.
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Target buyers of Brazil welding equipment market databook
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Our clientele includes a mix of welding equipment market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil welding equipment market , including forecasts for subscribers. This country databook contains high-level insights into Brazil welding equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil welding equipment market size, by technology, 2018-2030 (US$M)
Brazil Welding Equipment Market Outlook Share, 2023 & 2030 (US$M)
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