Middle East & Africa Welding Equipment Market Size & Outlook
Middle East & Africa welding equipment market, 2018-2030 (US$M)
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MEA welding equipment market highlights
- The MEA welding equipment market generated a revenue of USD 1,536.8 million in 2023.
- The market is expected to grow at a CAGR of 5.2% 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, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 1,536.8 million |
| Market revenue in 2030 | USD 2,190.4 million |
| Growth rate | 5.2% (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, MEA region accounted for 7.8% 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.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Welding Equipment Market Scope
Welding Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 71.6% in 2023. Horizon Databook has segmented the Middle East & Africa 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 Middle East & Africa is projected to be emerging markets for welding equipment over the forecast period on account of the rising number of civil engineering and commercial construction activities in the region, including the construction of stadiums and hotels.
In December 2021, the UAE government launched a railways program worth USD 13.6 billion. The UAE railways initiative is expected to witness the construction of a 1200km rail network connecting the Saudi border to Fujairah. This investment in railroads is expected to open new market opportunities for welding equipment manufacturers.
However, over the coming few years, the growth of the welding equipment market is anticipated to be hampered by the slow growth seen by the automobile sector in African countries as a result of the economic slowdown in nations like Nigeria.
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Target buyers of Middle East & Africa welding equipment market databook
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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 Middle East & Africa welding equipment market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa welding equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA welding equipment market size, by country, 2018-2030 (US$M)
Middle East & Africa Welding Equipment Market Outlook Share, 2023 & 2030 (US$M)
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