U.S. Welding Products Market Size & Outlook, 2023-2030
U.S. welding products market, 2018-2030 (US$M)
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U.S. welding products market highlights
- The U.S. welding products market generated a revenue of USD 2,255.2 million in 2023 and is expected to reach USD 2,831.1 million by 2030.
- The U.S. market is expected to grow at a CAGR of 3.3% 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 2,255.2 million |
| Market revenue in 2030 | USD 2,831.1 million |
| Growth rate | 3.3% (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, U.S. accounted for 15.3% 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 North America, U.S. welding products market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 202.7 million by 2030.
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Welding Products Market Scope
Welding Products Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 38.05% in 2023. Horizon Databook has segmented the U.S. 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.
Increasing investments in public infrastructural projects are expected to drive the demand for welding products in the country. Government is taking several initiatives to upgrade public infrastructure.
The construction sector is expected to witness high growth over the forecast period, which, in turn, is predicted to drive the demand for welding products due to the wide range of welding applications in construction.
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Our clientele includes a mix of welding products market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. welding products market , including forecasts for subscribers. This country databook contains high-level insights into U.S. welding products market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. welding products market size, by technology, 2018-2030 (US$M)
U.S. Welding Products Market Outlook Share, 2023 & 2030 (US$M)
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