Latin America Welding Products Market Size & Outlook
Latin America welding products market, 2018-2030 (US$M)
Related Markets
Latin America welding products market highlights
- The Latin America welding products market generated a revenue of USD 688.5 million in 2023.
- The market is expected to grow at a CAGR of 3.4% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 688.5 million |
| Market revenue in 2030 | USD 872.4 million |
| Growth rate | 3.4% (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 |
| 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, Latin America region accounted for 4.7% of the global welding products market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 9,568.7 million by 2030.
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Welding Products Market Scope
Welding Products Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 36.06% in 2023. Horizon Databook has segmented the Latin America 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.
Although Central & South American industrial sector has seen tremendous growth in the last decade, the growth has been limited to a few economies. The region had witnessed an inflow of new companies, particularly from North America.
The governments focus on sustainable infrastructure projects in various sectors such as rail, urban mass transit, energy-oil and gas, renewable energy, ports, and social infrastructure to meet the demands from the growing population is one of the main factors driving the construction sector, thereby fueling the demand for welding products in the region.
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Target buyers of Latin America 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 continent-level data and insights on the Latin America welding products market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America welding products market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America welding products market size, by country, 2018-2030 (US$M)
Latin America Welding Products Market Outlook Share, 2023 & 2030 (US$M)
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