North America Welding Equipment Market Size & Outlook
North America welding equipment market, 2018-2030 (US$M)
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North America welding equipment market highlights
- The North America welding equipment market generated a revenue of USD 5,421.8 million in 2023.
- The market is expected to grow at a CAGR of 4.1% 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, Mexico is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 5,421.8 million |
| Market revenue in 2030 | USD 7,177.4 million |
| Growth rate | 4.1% (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, North America region accounted for 27.5% 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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North 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 69.78% in 2023. Horizon Databook has segmented the North 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.
The demand for welding equipment in North America is projected to be driven by the growing usage of welding equipment in key application industries, such as aerospace, automotive, oil & gas, and power generation. North America is witnessing rapid expansion owing to the industrial dynamism and easy availability of raw materials in its countries.
In addition, the increasing number of oil & gas plants in the U.S. and Canada is anticipated to surge the demand and the requirement for welding equipment in North America. Moreover, rising energy consumption in a variety of industries in the region is also anticipated to stimulate the growth of the power generation industry in North America, thereby fueling the demand for welding equipment.
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Target buyers of North America 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 North America welding equipment market , including forecasts for subscribers. This continent databook contains high-level insights into North America welding equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America welding equipment market size, by country, 2018-2030 (US$M)
North America Welding Equipment Market Outlook Share, 2023 & 2030 (US$M)
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