Europe Welding Equipment Market Size & Outlook, 2023-2030
Europe welding equipment market, 2018-2030 (US$M)
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Europe welding equipment market highlights
- The Europe welding equipment market generated a revenue of USD 4,234.0 million in 2023.
- The market is expected to grow at a CAGR of 4.4% 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.
- Country-wise, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 4,234.0 million |
| Market revenue in 2030 | USD 5,720.6 million |
| Growth rate | 4.4% (CAGR from 2023 to 2030) |
| Largest segment | Arc welding |
| Fastest growing segment | Laser Beam Welding |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Europe region accounted for 21.5% of the global welding equipment 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 10,705.9 million by 2030.
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Welding Equipment Market Scope
Welding Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe 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 70.22% in 2023. Horizon Databook has segmented the Europe 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.
The Russian invasion of Ukraine casts a shadow over Europe and the European economy. The Ukraine conflict has impacted the European economy at a time when private investment and consumption were low. Large rises in commodity prices and ongoing supply-side disruptions are currently driving inflation to higher levels, hence reducing family incomes and corporate profits.
The European economy is expected to grow at a steady pace in the coming years. Supportive policies and employment creation activities are some of the factors contributing to the economic growth of the region.
In addition, automation, and public investment, most notably in digital & transport infrastructure, are further anticipated to impact economic growth positively. Private investments, especially in the construction sector, are expected to boost the region's economic growth.
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Our clientele includes a mix of welding equipment market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 continent-level data and insights on the Europe welding equipment market , including forecasts for subscribers. This continent databook contains high-level insights into Europe welding equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe welding equipment market size, by country, 2018-2030 (US$M)
Europe Welding Equipment Market Outlook Share, 2023 & 2030 (US$M)
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