Saudi Arabia Welding Products Market Size & Outlook
Saudi Arabia welding products market, 2018-2030 (US$M)
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Saudi Arabia welding products market highlights
- The Saudi Arabia welding products market generated a revenue of USD 447.1 million in 2023 and is expected to reach USD 596.3 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 4.2% 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 447.1 million |
| Market revenue in 2030 | USD 596.3 million |
| Growth rate | 4.2% (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, Saudi Arabia accounted for 3.0% 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 Middle East & Africa, Saudi Arabia welding products market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 596.3 million by 2030.
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Welding Products Market Scope
Welding Products Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia 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 36.3% in 2023. Horizon Databook has segmented the Saudi Arabia 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 Kingdom of Saudi Arabia (KSA) is predominantly an oil-based economy with a majority of economic activities controlled by the government. The country is expected to exhibit robust economic growth on account of implementing structural reforms announced under the Vision 2030.
The country offers multiple advantages that include geographical proximity to three continents, direct free trade access to the GCC market, attractive tax exemptions, highly competitive land and energy costs, and welldeveloped infrastructure.
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Target buyers of Saudi Arabia 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 country-level data and insights on the Saudi Arabia welding products market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia welding products market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia welding products market size, by technology, 2018-2030 (US$M)
Saudi Arabia Welding Products Market Outlook Share, 2023 & 2030 (US$M)
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