Market revenue in 2023 | USD 435.2 million |
Market revenue in 2030 | USD 574.8 million |
Growth rate | 4.1% (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 70.43% in 2023. Horizon Databook has segmented the Italy 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 country's economic growth is expected to recover gradually on account of several factors including rising disposable income, high public investment, reduced social security charges & tax burdens, and tax incentives for businesses. In addition, the construction sector is a vital part of the country's economy.
Investments in the construction sector are anticipated to grow in the coming years owing to the continuation of public works, which is expected to drive the demand for construction chemicals. The growth of the construction sector is expected to drive demand for welding equipment.
Horizon Databook provides a detailed overview of country-level data and insights on the Italy welding equipment market , including forecasts for subscribers. This country databook contains high-level insights into Italy welding equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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