Welding Market to receive overwhelming hike in Revenues by 2030 | Transparency Market Research

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.

Get More Details - https://www.transparencymarketresearch.com/welding-torch-wear-parts-market.html

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.

Request a Sample -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=74337

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.

Ask for Brochure -
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=74337

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.

Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

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 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.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the 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.

This release was published on openPR.