Mexico Welding Equipment Market Size & Outlook, 2023-2030
Mexico welding equipment market, 2018-2030 (US$M)
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Mexico welding equipment market highlights
- The Mexico welding equipment market generated a revenue of USD 402.2 million in 2023 and is expected to reach USD 555.3 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.7% 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 402.2 million |
| Market revenue in 2030 | USD 555.3 million |
| Growth rate | 4.7% (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, Mexico accounted for 2.0% 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 North America, U.S. welding equipment market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 555.3 million by 2030.
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Welding Equipment Market Scope
Welding Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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 70.29% in 2023. Horizon Databook has segmented the Mexico 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.
Mexico has emerged as one of the largest automobile manufacturing hubs in North America as automakers from the U.S. have established their production facilities in the country owing to low tariffs and vehicle production costs in Mexico.
Welding equipment is extensively used in the automotive and transportation industries for the welding of various components and body parts of automobiles. Strong domestic demand and economic expansions are projected to contribute to the surged production of vehicles in the coming years.
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Target buyers of Mexico 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico welding equipment market , including forecasts for subscribers. This country databook contains high-level insights into Mexico welding equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico welding equipment market size, by technology, 2018-2030 (US$M)
Mexico Welding Equipment Market Outlook Share, 2023 & 2030 (US$M)
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