South Africa Welding Equipment Market Size & Outlook
South Africa welding equipment market, 2018-2030 (US$M)
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South Africa welding equipment market highlights
- The South Africa welding equipment market generated a revenue of USD 213.5 million in 2023 and is expected to reach USD 291.5 million by 2030.
- The South Africa market is expected to grow at a CAGR of 4.6% 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.
Welding equipment market data book summary
| Market revenue in 2023 | USD 213.5 million |
| Market revenue in 2030 | USD 291.5 million |
| Growth rate | 4.6% (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, South Africa accounted for 1.1% 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 Middle East & Africa, Saudi Arabia welding equipment market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 1,080.1 million by 2030.
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Welding Equipment Market Scope
Welding Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South 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 71.57% in 2023. Horizon Databook has segmented the South 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.
Growing urbanization and rising standards of living due to increasing per capita income are further expected to fuel the expansion of commercial and residential construction including retail chains and shopping malls.
These trends are anticipated to drive the demand for construction materials and equipment, thereby driving the demand for welding equipment in the region. However, construction industry has been adversely affected by the outbreak of the COVID-19 pandemic.
Most construction industries had witnessed revenue losses in the previous two years owing to consumers’ declining spending confidence. This is expected to hamper the demand for welding equipment in construction sector.
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Target buyers of South 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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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 South Africa welding equipment market , including forecasts for subscribers. This country databook contains high-level insights into South Africa welding equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa welding equipment market size, by technology, 2018-2030 (US$M)
South Africa Welding Equipment Market Outlook Share, 2023 & 2030 (US$M)
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