Market revenue in 2023 | USD 603.0 million |
Market revenue in 2030 | USD 846.9 million |
Growth rate | 5% (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 |
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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 69.85% in 2023. Horizon Databook has segmented the France 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.
France has one of the densest networks of roads and railways in the world, which interconnects the cities. Extensive transport infrastructure in the country is expected to fuel the growth of construction activities, which, in turn, is expected to fuel the demand for welding equipment in transport applications.
The country’s manufacturing sector is undergoing unprecedented times due to the COVID-19 outbreak, and the recovery is expected to be uneven across various sectors. To assist industries in overcoming financial losses and boost manufacturing activities, in October 2021, the French government unveiled the France Reliance 2030 plan, an investment strategy based on a long-term vision that extends far beyond the current crisis.
The government intends to invest USD 38.51 billion in innovation and technology transfer areas between 2022 and 2027 through this strategy. Such initiatives are expected to boost the demand for welding equipment from end-use segments such as automotive, construction, and aerospace.
Horizon Databook provides a detailed overview of country-level data and insights on the France welding equipment market , including forecasts for subscribers. This country databook contains high-level insights into France welding equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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