North America Welding Products Market Size & Outlook
North America welding products market, 2018-2030 (US$M)
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North America welding products market highlights
- The North America welding products market generated a revenue of USD 2,725.0 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, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 2,725.0 million |
| Market revenue in 2030 | USD 3,436.1 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, North America region accounted for 18.5% 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 |
|---|
North 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 38.04% in 2023. Horizon Databook has segmented the North 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.
The economy of North America is highly diverse in terms of global trade, owing to the presence of developed and advanced economies such as the U.S., Canada, and Mexico. In July 2020, the U.S. revised the North American Free Trade Agreement (NAFTA) and replaced it with an updated and rebalanced agreement for North America.
North American welding products market is expected to grow owing to increasing demand from end-use sectors such as construction, automotive, manufacturing and shipbuilding.
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Target buyers of North 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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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America welding products market , including forecasts for subscribers. This continent databook contains high-level insights into North America welding products market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America welding products market size, by country, 2018-2030 (US$M)
North America Welding Products Market Outlook Share, 2023 & 2030 (US$M)
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