Germany Welding Equipment Market Size & Outlook, 2023-2030
Germany welding equipment market, 2018-2030 (US$M)
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Germany welding equipment market highlights
- The Germany welding equipment market generated a revenue of USD 1,083.6 million in 2023 and is expected to reach USD 1,504.9 million by 2030.
- The Germany market is expected to grow at a CAGR of 4.8% 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 1,083.6 million |
| Market revenue in 2030 | USD 1,504.9 million |
| Growth rate | 4.8% (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, Germany accounted for 5.5% 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 Europe, Germany welding equipment market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 846.9 million by 2030.
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Welding Equipment Market Scope
Welding Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 70.14% in 2023. Horizon Databook has segmented the Germany 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.
Automotive industry in Germany is one of the largest in Europe, in terms of revenue as well as volume, due to the specific and innovative nature of car manufacturers and suppliers. The country is marked by the presence of over 41 OEMs, which account for the largest concentration of OEM plants in the region.
Welding plays a key role in the manufacture of an automobile and is majorly used for improving the durability of the automotive structure. Welding equipment also plays a major role in aftersales services such as repair and maintenance.
Thus, the growth of automotive industry is anticipated to bolster the growth of the welding equipment market in the country as it is one of the major joining techniques used in automotive production. The country has invested significantly in solar panels, offshore wind energy, bioenergy, energy grids, photovoltaics, and energy storage projects.
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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 Germany welding equipment market , including forecasts for subscribers. This country databook contains high-level insights into Germany welding equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany welding equipment market size, by technology, 2018-2030 (US$M)
Germany Welding Equipment Market Outlook Share, 2023 & 2030 (US$M)
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