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Welding Torch and Wear Parts Market to Surpass Valuation of US$ 7.4 Bn by 2030: 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 its report on the global welding torch and wear parts market.

In this market report, TMR predicts that the increase in 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 the statistics of International Automotive Industry, in 2019, passenger car production rate grew by approximately 2.4% compared to the previous year.

Welding Torch and Wear Parts Market: Dynamics

The growth in construction and manufacturing industries worldwide is anticipated to fuel the expansion of the welding torch and wear parts market. Construction and manufacturing industries are anticipated to drive 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 have led to the sophistication of welding torches.

Nevertheless, increasing opportunities in untapped markets is anticipated to boost 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 terms of process under the welding torch and wear parts market, MIG/MAG process accounted for substantial share compared to TIG and Plasma processes. MIG/MAG processes are the most common and basic welding processes in the welding industry. MIG welding process finds extensive application across aluminum, stainless steel, and steel sectors compared to TIG processes that is ideally used for thinner surface metals.

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 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 Product Type

  • MIG/MAG
    • Wear Part
    • Torch
  • TIG
    • Wear Part
    • Torch
  • Plasmas
    • Wear Part
    • Torch

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
    • Others
  • TIG
    • Torch Body
    • Insulation Ring
    • Gas Nozzle Ceramic
    • Clamping Sleeve
    • Torch Cap
    • Gas Lens
    • Tungsten Electrode
    • Clamping Sleeve Case
    • Others
  • Plasmas
    • Torch Body
    • Plasma Nozzle
    • Gas Nozzle Ceramic
    • Clamping Sleeve
    • Torch Cap
    • Tungsten Electrode
    • Others

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
    • Mexico
    • Rest of North America
  • Europe
    • U.K.
    • Germany
    • France
    • Austria
    • Czech Republic
    • Spain
    • Italy
    • Poland
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • Japan
    • India
    • Australia
    • New Zealand
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

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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 thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

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