A welding torch used in welding system to keep the welding electrode in the perfect direction and to supply welding power to the electrode. There are several types of welding torches depending on the welding process, electrode size, etc. It also comes in different shapes such as a straight torch or bend torch. The two main functions of a welding torch are delivering welding current and shielding gas to the electrode. Welding torches have a wide range of applications across several industries such as construction, automotive, and metal fabrication. Growing construction and automotive industry in emerging economies in Asia Pacific and South America are anticipated to boost the welding torch market during the forecast period. 

Welding Torch Market – Competitive Landscape

The welding torch market is fragmented into several international and domestic companies. Leading market players are focusing on technological developments in the product to reduce the cost of production and increase sales.

  • In February 2019, Miller Electric Mfg. LLC introduced a new welding torch series, named MDX Series MIG guns. This includes three models: MDX-100, MDX-250, and MDX-250 EZ-Select. The company is focused more on increasing durability and consumable life when welding with MDX-250 or MDX-250 EZ-Select welding torch in heavier industrial environments.
  • In January 2019, Leister Group launched a new welding torch product. The MINI enables a jet of hot air to be directed with millimeter accuracy at a temperature of up to 750°C. The company is focusing on product portfolio expansion to meet the growing demand for welding torch in different regions. 

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Fronius International GmbH

Fronius International GmbH was founded in 1945 and has a wide range of products diversified across three business units including charging business unit, welding business unit, and solar energy business unit. It has around subsidiaries across 28 countries and sales partners and representatives in over 60 countries.  

Leister Technologies AG.

Leister Technologies AG. was founded in 1949 in Solingen, Germany and has its headquarters in Switzerland. The company is involved in manufacturing hot air plastic welding equipment, laser welding systems, process heat components, gas sensor equipment, and micro-optics. It operates in around 120 countries across the globe with approximately 730 employees.

Miller Electronic

Miller Electronic is a subsidiary of Illinois Tool Works and was founded in 1929, with headquarters in Wisconsin, U.S. It is active in manufacturing arc welding and cutting equipment. Product portfolio of the company includes welders, wire feeders, plastic cutters etc.

Several international and domestic players are involved in the welding torch market. Some of them are Lincoln Electric, American Torch Tip, Arc Machines, Inc, HERZ GmbH, and others.

Welding Torch Market – Dynamics

Growth in application industry anticipated to boost welding torch demand in the coming years

Welding torches find application across different industries including automotive, construction, metal fabrication, and aerospace. Economic development across several emerging countries such as Brazil, China, and India are surging the growth of these industries. This factor is anticipated to encourage the welding torch market across the globe during the forecast period.

Technological advancement in products expected to encourage welding torch demand

Manufacturers are focusing on technological development and product innovation to cater to diverse markets across the globe. Improved features such as corrosion resistance, high tensile strength, and ductility are expected to make welding torch more attractive. Continuous innovation in welding technologies to weld large and complex structures in the construction industry is expected to stimulate the growth of the welding torch market during the forecast period. 

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Welding Torch Market – Segmentation

The welding torch market can be bifurcated on the basis of:

  • Type
  • Application
  • Distribution Channel
  • Region

Welding Torch Market Segmentation – By Type:

Based on type, the welding torch market is segmented into:

  • Air-cooled Welding Torches
  • Water-cooled Welding Torches

Welding Torch Market Segmentation – By Application:

In terms of application, the welding torch market can be bifurcated into:

  • Construction
  • Automotive
  • Metal Fabrication
  • Aerospace

Welding Torch Market Segmentation – By Distribution Channel:

Based on distribution channel, the welding torch market can be divided into:

  • Online
  • Offline

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Welding Torch Market

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