Welding Torch Market Sales to Top US$ 5.6 Bn by 2029-end|Key Players- Tokin Corp, EWM AG & more

Welding Torch Market to 2029

The market for welding torch is anticipated to grow at a CAGR of ~6% between 2019 and 2029 and is projected to reach a global value of US$ 5.6 Bn by 2029 end.

Additionally, the global welding torch market is estimated to create incremental $ opportunity of US$ 2.5 Bn over the forecast period.

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The Welding Torch Market is a crucial part of the global manufacturing industry, as welding torches are essential tools for welding, cutting, and other metalworking processes. Welding torches are used in a wide range of industries, including automotive, construction, shipbuilding, and aerospace, and are available in a variety of sizes and styles to suit different applications.

The growth of the Welding Torch Market is driven by a number of factors, including the increasing demand for welded products in various industries, the development of new welding technologies, and the need for improved productivity and efficiency in manufacturing processes. The increasing use of automation in welding processes is also driving the demand for welding torches, as automated systems require precision and accuracy to produce high-quality welds.

Key Companies- 

• Tokin Corporation
• SKS Welding systems
• The Lincoln Electric Company
• Illinois Tool Works Inc.
• ABICOR BINZEL USA, Inc.
• EWM AG
• Parweld Ltd
• Panasonic Welding
• Fronius International GmbH
• Miller Electric Mfg. LLC and more

According to the analysis done in the report, the global welding torch market is anticipated to observe a remarkable growth owing to the features such as the increasing demand from end-use industries such as general fabrication, automotive, and transportation sector.

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Robotic Welding Operations Gathering Pace

By product type, the global welding torch market is segmented into MIG/MAG welding, TIG welding, and plasma welding. MIG/MAG welding is attractive due to the high welding speed and provides opportunity for rational welding of materials, which are difficult to weld. However, TIG welding at the same time is a slow welding process but if done with the right procedure and technique, it produces the highest quality weld. It is mainly used for welding metals, critical weld joints, and small welds where ever possible. Plasma welding is used for welding thin sheet metals.

On the basis of welding operation, the welding torch market is segmented into manual welding and robotic welding. Manual welding process consists of welding which is controlled manually with the equipment at the welding conditions. In the robotic welding automated programmable tools are used to automate the welding process. The robotic welding segment is expected to hold more than half of the market size owing to its increased output with less and great efficiency.

By cooling type, the global welding torch market is segmented into water cooled and air-cooled. Repair industries and fabrication industries are more benefitted by water cooled systems, which can handle the heat of the application. By end use, the global welding torch market is segmented into automotive and transportation, shipyards and offshore, general fabrication, and energy and yellow goods. The general fabrication segment is anticipated to hold nearly one third of the market size owing to its various applications.

The Welding Torch Market is highly competitive, with a large number of manufacturers offering a wide range of products. Some of the key players in the market include ESAB, Miller Electric, Lincoln Electric, and Air Liquide. These companies offer a variety of welding torches, including MIG, TIG, and plasma torches, as well as consumables such as welding wire and shielding gas.

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The Welding Torch Market is segmented based on the type of welding process, the type of torch, and the end-user industry. Some of the key segments of the market include MIG, TIG, and plasma welding torches, as well as consumables. The MIG welding torch segment is expected to be the largest and fastest-growing segment of the market due to its versatility and ease of use.

Overall, the Welding Torch Market is expected to experience strong growth in the coming years, driven by the increasing demand for welded products in various industries and the development of new welding technologies.

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