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:
Key Offerings:
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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