Global Welding Products Market Size & Outlook, 2023-2030
Global welding products market, 2018-2030 (US$M)
Related Markets
Global welding products market highlights
- The global welding products market generated a revenue of USD 14,705.4 million in 2023 and is expected to reach USD 19,939.8 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4.4% by 2030.
- In terms of segment, arc welding accounted for a revenue of USD 5,358.6 million in 2023.
- Oxy-Fuel Welding is the most lucrative technology segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 14,705.4 million |
| Market revenue in 2030 | USD 19,939.8 million |
| Growth rate | 4.4% (CAGR from 2023 to 2030) |
| Largest segment | Arc welding |
| Fastest growing segment | Oxy-Fuel 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, Oxy-Fuel Welding, Laser Beam Welding, Other Technologies |
Other key industry trends
- In terms of revenue, the North America accounted for 18.5% of the global welding products market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 2,831.1 million by 2030.
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Welding Products Market Scope
Welding Products Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global welding products 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 products market will help companies and investors design strategic landscapes.
Arc welding was the largest segment with a revenue share of 36.44% in 2023. Horizon Databook has segmented the Global welding products market based on arc welding, resistance welding, oxy-fuel welding, laser beam welding, other technologies covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Welding Products Technology Outlook (Revenue, USD Million, 2018-2030)
- Arc Welding
- Resistance Welding
- Oxy-Fuel Welding
- Laser Beam Welding
- Other Technologies
- Global Welding Products Product Outlook (Revenue, USD Million, 2018-2030)
- Stick Electrodes
- Solid Wires
- Flux-Cored Wires
- Saw Wires and Fluxes
- Other Products
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Target buyers of Global welding products market databook
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Our clientele includes a mix of welding products market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global welding products market , including forecasts for subscribers. This global databook contains high-level insights into Global welding products market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global welding products market size, by regions, 2018-2030 (US$M)
Top 10 countries: Welding products market size, 2023 (US$M)
Global welding products market share, by technology, 2023 & 2030 (%, US$M)
Welding products market: Opportunity assessment by country
Global welding products market, by region, 2023 (US$M)
| Technology | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 2,728.1 | 2,849.5 | 2,434.9 | 2,576.8 | 2,650.8 | 2,725.0 | 2,805.1 | 2,891.6 | 2,984.8 | 3,085.3 | 3,193.6 | 3,310.3 | 3,436.1 | 3.4% |
| Europe | 3,171.8 | 3,300.1 | 2,689.2 | 2,838.7 | 3,028.0 | 3,142.1 | 3,250.4 | 3,366.6 | 3,491.0 | 3,624.4 | 3,767.4 | 3,920.6 | 4,084.9 | 3.8% |
| Asia Pacific | 5,756.9 | 6,074.7 | 5,462.6 | 6,046.2 | 6,337.0 | 6,648.4 | 6,982.3 | 7,340.3 | 7,724.4 | 8,136.9 | 8,580.0 | 9,056.3 | 9,568.7 | 5.3% |
| Latin America | 668.5 | 688.4 | 554.4 | 642.4 | 668.3 | 688.5 | 709.8 | 732.6 | 757.0 | 783.0 | 810.9 | 840.6 | 872.4 | 3.4% |
| MEA | 1,529.0 | 1,586.0 | 1,330.0 | 1,390.5 | 1,449.5 | 1,501.4 | 1,556.8 | 1,615.9 | 1,679.0 | 1,746.3 | 1,818.4 | 1,895.4 | 1,977.7 | 4.0% |
| Overall | 13,854.3 | 14,498.7 | 12,471.1 | 13,494.6 | 14,133.5 | 14,705.4 | 15,304.4 | 15,946.9 | 16,636.2 | 17,376.0 | 18,170.2 | 19,023.2 | 19,939.8 | 4.5% |
Related regional statistics
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