South Africa Welding Products Market Size & Outlook
South Africa welding products market, 2018-2030 (US$M)
Related Markets
South Africa welding products market highlights
- The South Africa welding products market generated a revenue of USD 216.8 million in 2023 and is expected to reach USD 285.8 million by 2030.
- The South Africa 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 216.8 million |
| Market revenue in 2030 | USD 285.8 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, South Africa accounted for 1.5% 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Welding Products Market Scope
Welding Products Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa 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 South Africa 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.
Expansion of commercial, residential, and industrial sectors due to sustainable economic growth in the region is expected to boost construction activities. In addition, the flourishing tourism industry in the region has led to the need for more restaurants, resorts, and food chains in the region.
Growing urbanization and rising standards of living due to increasing per capita income are further expected to fuel the expansion of commercial and residential construction, including retail chains and shopping malls.
Reasons to subscribe to South Africa welding products market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of South Africa welding products market databook
-
Our clientele includes a mix of welding products market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 South Africa welding products market , including forecasts for subscribers. This country databook contains high-level insights into South Africa welding products market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Africa welding products market size, by technology, 2018-2030 (US$M)
South Africa Welding Products Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
