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Welding Torch and Wear Parts Market to Reach a Valuation of ~US$ 7.3 Bn by 2027: Transparency Market Research

Welding Torch and Wear Parts Market: Introduction

Transparency Market Research delivers key insights on the global welding torch and wear parts market. In terms of revenue, the global welding torch and wear parts market is estimated to expand at a CAGR of ~4% during the forecast period, owing to numerous factors, regarding which, TMR offers thorough insights and forecasts in the global welding torch and wear parts market report.

In this market report, TMR predicts that, increase in the production of passenger and commercial vehicles is anticipated to boost the welding torch and wear parts market during the forecast period. Rising disposable income and increasing road connectivity are some of the prime factors responsible for the growth of the welding torch and wear parts market. As per statistics by the International Automotive Industry, in 2017, passenger car production grew by approximately 2.4% as compared to the previous year.

Additionally, growth in construction and manufacturing industries, worldwide, is further anticipated to fuel the growth of the welding torch and wear parts market. Construction and manufacturing industries are anticipated to drive the growth of the welding torch and wear parts market due to extensive application of submerged arc, metal active gas, as well as manual metal.

However, unskilled labor is a key restraining factor for the growth of the welding torch and wear parts market, despite advancements in technologies to enhance efficiencies in welding processes, which has led to the sophistication of welding torches.

Nevertheless, increasing opportunities in untapped markets are anticipated to boost the growth of the welding torch and wear parts market. Regions such as Asia Pacific, Middle East & Africa, and South America are experiencing robust demand for welding torch and wear parts, owing to increasing economic growth in the last couple of years. Increase in disposable income, and growth in industries such as construction, manufacturing, as well as sports is augmenting the demand for welding torch and wear parts.

In terms of process under the welding torch and wear parts market, the MIG/MAG process accounted for substantial share as compared to the TIG and plasma processes. MIG/MAG processes are the most common and basic welding processes in the welding industry. The MIG welding process has wide application across aluminum, stainless steel, and steel sectors as compared to the TIG process that is ideally used for thinner surface metals.

Based on cooling method, the gas-cooled segment dominated the welding torches and wear parts market. Gas-cooled welding torches have numerous applications in lower amperages, which makes them a better option for welders as compared to water-cooled torches.

Manual welding torches acquired substantial share in 2018, owing to their extensive application in the welding industry. In terms of end-use industry, heavy the equipment manufacturing and construction industry dominated the global welding torch and wear parts market, owing to the wide-spread application of welding torches as compared to other segments.

The offline segment acquired substantial market share due to the strong network of suppliers and distributors, worldwide.

Welding Torch and Wear Parts Market: Prominent Regions

Asia Pacific dominated the global welding torch and wear parts market, followed by North America. The dominance of Asia Pacific can be attributed to the presence of strong end-use industries. Additionally, the region is one of the manufacturing hubs of the world, which helps in its dominance of the global welding torch and wear parts market.

Welding Torch and Wear Parts Market: Key Players

Key players operating in the global welding torch and wear parts market include Ador Welding Ltd., Colfax Corporation, ABICOR BINZEL, Harris Products Group, American Torch Tip, Panasonic Industry, Bernard, Dinse, EWM AG, Fronius International GmbH, Migatronic A/S, Oximig, Parweld Ltd, Riconlas, SKS Welding Systems, Sumig, TBi Industries GmbH, Welding Engineers, The Lincoln Electric Company, Trafimet Group Spa, Uniarc, and Tokin Corporation.

Global Welding Torch and Wear Parts Market: Segmentation

Welding Torch and Wear Parts Market by Process, by Wear Part & Torch Type

  • MIG/MAG
    • Wear Parts
    • Torches
  • TIG
    • Wear Parts
    • Torches
  • Plasma
    • Wear Parts
    • Torches

Welding Torch and Wear Parts Market by Wear Part

  • MIG/MAG
    • Torch Body
    • Gas Nozzle
    • Nozzle Stock
    • Contact Tip
    • Insulation Ring
    • Spatter Guard
    • Inner Liner
  • TIG
    • Torch Body
    • Insulation Ring
    • Gas Nozzle Ceramic
    • Clamping Sleeve
    • Torch Cap
    • Gas Lens
    • Tungsten Electrode
    • Clamping Sleeve Case
  • Plasma
    • Torch Body
    • Plasma Nozzle
    • Gas Nozzle Ceramic
    • Clamping Sleeve
    • Torch Cap
    • Tungsten Electrode

Welding Torch and Wear Parts Market by Cooling Method

  • Water-cooled
  • Gas-cooled

Welding Torch and Wear Parts Market by Mode of Operation

  • Manual
  • Automatic

Welding Torch and Wear Parts Market by End-use Industry

  • Automotive
  • Construction
  • Demolition & Scrap
  • Heavy Equipment Manufacturing
  • Oil & Gas
  • Yellow Goods
  • Others

Welding Torch and Wear Parts Market by Distribution Channel

  • Online
  • Offline

Welding Torch and Wear Parts Market by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific          
    • China
    • India
    • Japan
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

About Us

Transparency Market Research is a global market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for several decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts so that it always reflects latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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