Welding Torch Market Report Overview
Maximise Market Research has issued papers to help clients understand the landscape of the Welding Torch Market in which they compete. The research provides market insights to help clients understand future demand for their product and the Welding Torch’s competitiveness. The Welding Torch market overview provides detailed information on the market’s size, trade data, key players, and several market metrics such as life cycle, trends, and so on.
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Welding Torch Market Growth:
Welding Torch Market size was valued at US$ 3.28 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 6% through 2022 to 2029, reaching nearly US$ 4.94 Bn.
Welding Torch Market Report Scope and Research Methodology
The Welding Torch market report delves into the importance of segments and regional markets, based on factors like market size and growth rate. A comprehensive overview of all segments and regions is outlined within the report. An in-depth analysis of projected statistics, significant developments, and revenue is encompassed in the Welding Torch market report. It also entails a thorough examination of the key strategies employed by leading market players to enhance business growth on a global scale while maintaining a competitive edge. The research on the Welding Torch market encompasses an evaluation of production, consumption, revenue, market share, and growth rates across the following regions: North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. The application of SWOT analysis offers insights into the strengths and weaknesses of the Welding Torch market.
Market Dynamics:
The increasing emphasis on the development of modern automobiles is likely to drive the growth of the welding torch market. Increased vehicle production in India, Brazil, China, and South Korea, as well as rising demand for light commercial vehicles, are likely to provide new markets for welding torch manufacturers in developing countries.
However, health risks such as fire, hazardous surroundings, and electric shocks deter individuals from pursuing this profession. As a result, a shortage of skilled workers is projected to stymie welding torch market growth. Robotic technology is predicted to remain essential in solving this hurdle. End-use businesses will be interested in the highly affordable ergonomic welding torch because of its increased productivity, enhanced quality, and decreased overhead expenses.
Welding Torch Market Regional Insights:
The report is segmented into several key countries, with market size, growth rate, import and export of EV Connectors market in these countries, which covering North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and Middle East and Africa.
Welding Torch Market Segmentation:
by Product
• MIG/MAG Welding Torch
• TIG Welding Torch
• Plasma Torch
The market is divided into three product segments: MIG/MAG Welding Torch, TIG Welding Torch, and Plasma Torch. The MIG/MAG Welding Torch sector is predicted to have the biggest market share (xx%) by 2029. MIG welding is preferable for welding thicker materials because it employs an electrode as a filler material. It is suited for both automatic and mechanical welding. Welding speeds can be raised without sacrificing weld seam quality. This tool can be used to weld out of position as well as in difficult situations. The costs of filler metal are cheap.
The TIG Welding Torch segment is predicted to grow significantly at a CAGR of xx% from 2023 to 2029. TIG welding products can mix materials without the use of filler to produce cleaner welds.
by Cooling
• Water Cooled
• Air Cooled
by Welding Operation
• Manual
• MIG/MAG Welding
• TIG Welding
• Plasma
• Robotics
by End-Use Industry
• Automotive and Transportation
• General Fabrication
• Shipyards and Offshore
• Energy
• Yellow Goods (Earth Moving Equipment, Fork Lifts, Agriculture Equipment)
The market is divided into five segments based on end-use industry: automotive and transportation, general fabrication, shipyards and offshore, energy, and yellow goods (earth moving equipment, forklifts and agriculture equipment). The Automotive & Transportation segment is predicted to grow fast at a CAGR of xx% from 2023 to 2029. This is due to the growing demand for welding torches in the automotive and transportation industries, which provide numerous benefits. The primary benefits are enhanced flexibility, productivity, and significant maintenance and energy cost savings while producing a strong weld.
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Welding Torch Market Key Players:
• American Torch Tip
• Arc Machines Inc.
• GCE Group
• Kobe Steel
• NIMAK GmbH
• OTC Daihen
• Panasonic Welding Systems
• Shenzhen Riland Industry
• Senor Metals Pvt. Ltd.
• Telwin
• Pemamek
• Tokin Corporation
• ABB
• Kawasaki
• Valk Welding B.V
• TBi Industries
• Lincoln Electric
• HERZ GmbH
• SKS Welding systems
• Illinois Tool Works Inc.
• ABICOR BINZEL USA, Inc.
Table of Content: Welding Torch Market
Part 01: Executive Summary
Part 02: Scope of the Welding Torch Market Report
Part 03: Welding Torch Market Landscape
Part 04: Welding Torch Market Sizing
Part 05: Welding Torch Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Key questions answered in the Welding Torch Market are:
- What are the Welding Torch Market segments?
- Which Welding Torch market segment is expected to grow rapidly during the forecast period?
- What is the expected CAGR of the Welding Torch market during the forecast period?
- Who are the top players in the Welding Torch industry?
- Which region is expected to grow at a high CAGR during the forecast period?
- Which region held the largest Welding Torch market share in 2024?
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Key Offerings:
- Market Overview
- Market Share
- Market Size
- Forecast by Revenue | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by segments, sub-segments and region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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