Welded Steel Cylinder Market Revenue was valued at USD 2.5 Billion in 2024 and is estimated to reach USD 4.1 Billion by 2033, growing at a CAGR of 6.5% from 2026 to 2033.
The global welded steel cylinder market was valued at approximately USD 10.5 billion in 2022 and is projected to grow at a CAGR of 6.2% from 2023 to 2030. This growth is attributed to the increasing demand for high strength cylinders in various end use industries such as automotive, chemical, oil & gas, and manufacturing. The market is seeing a rise in the adoption of welded steel cylinders due to their durability, corrosion resistance, and high pressure handling capacity. Additionally, the rising investments in infrastructure development and industrialization in emerging economies are expected to contribute to the markets expansion in the coming years.
Regionally, the Asia Pacific region dominated the welded steel cylinder market in 2022, accounting for more than 40% of the global market share. This is due to the significant industrial growth, particularly in countries like China and India, where the demand for welded steel cylinders in industries such as automotive, oil & gas, and manufacturing is on the rise. North America and Europe are also prominent markets for welded steel cylinders, driven by advancements in technology and increased application in the automotive and energy sectors. The Middle East and Africa, along with Latin America, are expected to witness substantial growth during the forecast period due to expanding industrial activities and growing demand for energy related products.
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Arntzen Corporation
Halvorsen USA
Sing Swee Bee Enterprise Pte Ltd
AP-Tela Oy
SOLINES
Metal Mate
AGIROSSI GmbH
TFL
Peninsular Cylinder
Co.
QINGDAO FORTERRA GAS CO.
LTD.
Shanghai Ronghua High-Pressure Veseel Co.
Ltd.
Zhejiang Kin-shine Technology Co.
Ltd
Hubei Daly LPG Cylinder Manufacturer
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Welded Steel Cylinder Market
Standard Welded Steel Cylinders
Customized Welded Steel Cylinders
High-Pressure Welded Steel Cylinders
Low-Pressure Welded Steel Cylinders
Specialty Welded Steel Cylinders
Aerospace
Automotive
Construction
Oil & Gas
Manufacturing
Medical
Utilities
Small Diameter Cylinders (up to 6 inches)
Medium Diameter Cylinders (6 to 12 inches)
Large Diameter Cylinders (above 12 inches)
Storage
Transport
Pressure Systems
Gas Supply and Distribution
Hydraulic Systems
Uncoated Welded Steel Cylinders
Galvanized Welded Steel Cylinders
Painted Welded Steel Cylinders
Epoxy Coated Welded Steel Cylinders
Specialty Coated Welded Steel Cylinders
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Welded Steel Cylinder Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Welded Steel Cylinder Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Welded Steel Cylinder Market, By Type
6. Global Welded Steel Cylinder Market, By Application
7. Global Welded Steel Cylinder Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Welded Steel Cylinder Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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