Brazil Welding Products Market Size & Outlook, 2023-2030
Brazil welding products market, 2018-2030 (US$M)
Related Markets
Brazil welding products market highlights
- The Brazil welding products market generated a revenue of USD 232.8 million in 2023 and is expected to reach USD 307.1 million by 2030.
- The Brazil market is expected to grow at a CAGR of 4% from 2024 to 2030.
- In terms of segment, arc welding was the largest revenue generating technology in 2023.
- Oxy-Fuel Welding is the most lucrative technology segment registering the fastest growth during the forecast period.
Welding products market data book summary
| Market revenue in 2023 | USD 232.8 million |
| Market revenue in 2030 | USD 307.1 million |
| Growth rate | 4% (CAGR from 2023 to 2030) |
| Largest segment | Arc welding |
| Fastest growing segment | Oxy-Fuel Welding |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Arc Welding, Resistance Welding, Oxy-Fuel Welding, Laser Beam Welding, Other Technologies |
| Key market players worldwide | Enovis Corp, Voestalpine AG, Lincoln Electric Holdings Inc, Illinois Tool Works Inc, Sandvik AB, Kemppi, Mitco Global, Ador Welding |
Other key industry trends
- In terms of revenue, Brazil accounted for 1.6% of the global welding products market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil welding products market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 307.1 million by 2030.
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Welding Products Market Scope
Welding Products Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Brazil 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 37.2% in 2023. Horizon Databook has segmented the Brazil 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.
The construction industry in Brazil is expected to be driven by the rise in investments focused on infrastructure development. In March 2017, the government had launched an infrastructure concessions program intending to develop the country's road, railway, port, sanitation infrastructure, and energy sector.
Furthermore, government programs such as Plano Decenal de Expansao de Energia 2026, Minha Casa Minha Vida (MCMV), and the National Education Plan are expected to support the construction industry, which in turn will drive the growth of the welding products market during the forecast period.
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Target buyers of Brazil 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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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 country-level data and insights on the Brazil welding products market , including forecasts for subscribers. This country databook contains high-level insights into Brazil welding products market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil welding products market size, by technology, 2018-2030 (US$M)
Brazil Welding Products Market Outlook Share, 2023 & 2030 (US$M)
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