India Welding Products Market Size & Outlook, 2023-2030
India welding products market, 2018-2030 (US$M)
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India welding products market highlights
- The India welding products market generated a revenue of USD 1,282.7 million in 2023 and is expected to reach USD 1,754.9 million by 2030.
- The India 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.
- 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 1,282.7 million |
| Market revenue in 2030 | USD 1,754.9 million |
| Growth rate | 4.6% (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, India accounted for 8.7% 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 Asia Pacific, China welding products market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,690.4 million by 2030.
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Welding Products Market Scope
Welding Products Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 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 35.15% in 2023. Horizon Databook has segmented the India 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.
As per the India Brand Equity Foundation (IBEF), India was the fifth-largest auto market in 2020, with around 3.49 million units sold in the passenger and commercial vehicle categories combined. In 2019, it was the seventh-largest maker of commercial vehicles.
These aforementioned trends have positively impacted the demand for welding products in automotive manufacturing and are likely to continue to remain key market drivers over the projected period.
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Target buyers of India 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 India welding products market , including forecasts for subscribers. This country databook contains high-level insights into India welding products market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India welding products market size, by technology, 2018-2030 (US$M)
India Welding Products Market Outlook Share, 2023 & 2030 (US$M)
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