Welding Torch Market Growth by Manufacturers, Product Types, Cost Structure Analysis, Leading Countries, Companies And Forecast 2030

Welding Torch Market Overview:

Maximize Market Research is an Welding Torch research firm that has provided a detailed analysis of the “Welding Torch Market”. The report expects the market to grow from US$ 3.28 Bn. in 2022 to US$ 4.94 Bn by 2029 at a CAGR of 6 percent during the forecast period from 2022 to 2029. The report contains key business insights, demand analysis, pricing analysis, and competitive landscape.

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Welding Torch Market Scope and Methodology:

An extensive analysis of the Welding Torch market is provided in this study. In-depth market trends and highlights are analysed in the study to help clients spot opportunities and create winning marketing plans. The utilisation of primary and secondary data sources allowed for the comprehensive collection of both qualitative and quantitative information.The drivers, difficulties, significant constraints, and opportunities affecting the Welding Torch market are the main topics of the report. Segmentation and a bottom-up methodology were used to calculate the market size. This segmentation makes it possible to analyse several factors that have a positive or negative impact on the market’s growth. The study lists the developing areas where the Welding Torch industry is anticipated to grow significantly. Additionally, a PESTLE analysis was performed to determine how microeconomic issues might affect the Welding Torch market.

Welding Torch Market Dynamics: 

The market for welding torches is anticipated to grow faster due to the increased emphasis on producing modern cars. The need for light commercial cars along with increased vehicle production in China, India, Brazil, and South Korea is predicted to create new opportunities for welding torch manufacturers in developing nations.
However, people are discouraged from entering this line of work because to health risks include electric shocks, hazardous conditions, and fire.

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Welding Torch Market Regional Insights

The Welding Torch market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report includes a thorough analysis of all the factors, market size, growth rate, and import and export in regions. The Regional Analysis provides the Welding Torch market status of various countries included in the report.

Welding Torch Market Segmentation:

by Product
• MIG/MAG Welding Torch
• TIG Welding Torch
• Plasma Torch

The market is divided into three segments based on the product: MIG/MAG Welding Torch, TIG Welding Torch, and Plasma Torch. By 2029, the MIG/MAG Welding Torch segment is anticipated to have the highest market share of x%. Because MIG welding uses electrode as a filler material, it is better for welding thicker items. For mechanical and automated welding, it’s perfect. It is possible to raise welding rates without sacrificing the quality of the weld. This instrument allows for both out-of-position welding and welding in difficult-to-reach places. Filler metal is inexpensive.
The TIG Welding Torch market is anticipated to expand quickly between 2023 and 2029, with a compound annual growth rate of xxx%. Products for TIG welding allow materials to be combined without the need for filler, resulting in 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 shipyards and offshore, energy, automotive and transportation, general fabrication, and yellow goods (earth moving equipment, fork lifts and agricultural equipment) based on the end-use industry. During the projection period of 2023–2029, the Automotive and Transportation segment is anticipated to grow significantly at a CAGR of xx%. This is because the automotive and transportation industries have a growing need for welding torches due to the many advantages these industries provide. Along with providing a strong weld, the main benefits include more flexibility, higher productivity, and significant savings on energy and maintenance costs.

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.

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Key questions answered in the Welding Torch Market are:

• What is Welding Torch?
• What was the Welding Torch market size in 2024?
• What is the growth rate of the Welding Torch Market?
• Which are the factors expected to drive the Welding Torch market growth?
• What are the different segments of the Welding Torch Market?
• What growth strategies are the players considering to increase their presence in Welding Torch?
• What are the upcoming industry applications and trends for the Welding Torch Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Welding Torch Market?
• What major challenges could the Welding Torch Market face in the future?
• What segments are covered in the Welding Torch Market?
• Who are the leading companies and what are their portfolios in Welding Torch Market?
• What segments are covered in the Welding Torch Market?
• Who are the key players in the Welding Torch market?

Key Offerings:

• Past Market Size and Competitive Landscape (2019 to 2023)
• Past Pricing and price curve by region (2019 to 2023)
• Market Size, Share, Size & Forecast by different segment | 2024−2030
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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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