Latin America Welding Equipment Market Size & Outlook
Latin America welding equipment market, 2018-2030 (US$M)
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Latin America welding equipment market highlights
- The Latin America welding equipment market generated a revenue of USD 1,348.9 million in 2023.
- The market is expected to grow at a CAGR of 5.6% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,348.9 million |
| Market revenue in 2030 | USD 1,971.4 million |
| Growth rate | 5.6% (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, Latin America region accounted for 6.8% 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 |
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Latin America 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 70.95% in 2023. Horizon Databook has segmented the Latin America 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.
Central & South America has been witnessing an inflow of new companies, particularly from North America in the region. Most of the manufacturing and construction companies based in North America are strategically orienting their investments in this region, specifically in Costa Rica and Brazil owing to the presence of excellent engineering, manufacturing, and servicing facilities in Central & South America.
The focus of governments of different countries in Central & South America is on the development of sustainable infrastructures related to railways, urban mass transits, energy and oil & gas production, renewable energy generation, etc. to meet the demands for welding equipment of the growing population.
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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 continent-level data and insights on the Latin America welding equipment market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America welding equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America welding equipment market size, by country, 2018-2030 (US$M)
Latin America Welding Equipment Market Outlook Share, 2023 & 2030 (US$M)
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