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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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 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.
Partial client list
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)
Related regional statistics
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