Welding Torch Market: size was valued at US$ 3.28 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 6% through 2022 to 2029, reaching nearly US$ 4.94 Bn.
Welding Torch Market Overview:
The Welding Torch market competitive landscape separates information by a competitor. The facts include a corporate overview, financials, revenue generated, market potential, investment in research and development, new market efforts, geographical presence, firm strengths and weaknesses, product introduction, and application dominance. The preceding data points are solely relevant to the businesses' competitive impact on the Welding Torch market.
Market Scope:
This Welding Torch market report discusses new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, opportunities in terms of emerging revenue streams, changes in market regulations, strategic market growth analysis, market size, categorical market growth, application niches, and dominance, product approvals, product launches, and geographic expansion.
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Segmentation:
The market is divided into three categories based on the product: MIG/MAG Welding Torches, TIG Welding Torches, and Plasma Torches. By 2029, the MIG/MAG Welding Torch category is anticipated to have the highest market share of . Since electrode is used as a filler material in MIG welding, thicker items may be welded better. It is perfect for mechanical and automated welding. It is possible to increase welding rates while retaining excellent weld seam quality. This instrument makes it feasible to weld in awkward positions and in difficult-to-reach places. Filler metal is inexpensive.
The TIG Welding Torch category is anticipated to expand quickly between 2023 and 2029 at a CAGR of . Products for TIG welding can mix materials without filler for cleaner welds and
1 Global Welding Torch Market, by Product(2022-2027)
MIG/MAG Welding Torch
TIG Welding Torch
Plasma Torch
2 Global Welding Torch Market, by Cooling(2022-2027)
Water Cooled
Air Cooled
3 Global Welding Torch Market, by Welding Operation(2022-2027)
Manual
MIG/MAG Welding
TIG Welding
Plasma
Robotics
4 Global Welding Torch Market, by End-use Industry(2022-2027)
Automotive and Transportation
General Fabrication
Shipyards and Offshore
Energy
Yellow Goods (Earth Moving Equipment, Fork Lifts, Agriculture Equipment)
Key Players: The key players are
• 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.
Regional Analysis:
The geographical section of the research also includes individual market influencing variables and changes in market regulations that affect current and future market trends. Data points such as downstream and upstream value chain analysis, technological trends, porter's five forces analysis, and case studies are only a few of the indicators used to forecast the market situation for various countries' growth.
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COVID-19 Impact Analysis on Welding Torch Market:
The report also discusses how COVID-19 impacted the Welding Torch market.
Key Questions Answered in the Welding Torch Market Report are:
Which segment had the largest share in the Welding Torch market?
How is the competitive landscape of the Welding Torch market?
Which are the key factors impacting the Welding Torch market growth?
Which region has the maximum share in the Welding Torch market?
What will be the CAGR of the Welding Torch market during the forecast period (2021-2027)?
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