The market for welding torches is anticipated to reach $4.94 billion by 2029. A welding torch is a device used in a welding system to hold the welding electrode in place and provide welding power to it. Depending on the electrode size, welding method, and other criteria, welding torches come in a variety of shapes and sizes. It's also available in other shapes, such as a curved torch and a straight torch.
Welding Torch Market Overview:
This Welding Torch Market study looks at current and emerging industry trends and dynamics in the global level sensor market. Welding Torch Extensive market forecasting for the major market segments is carried out between 2021 and 2027. Extensive Welding Torch Market analysis is carried out by closely monitoring key product positions and the main competitors in the market framework. To understand the competitive perspective of the Welding Torch market, key competitors are profiled and their approaches are thoroughly evaluated.
The COVID-19 epidemic has had a significant impact on the global Welding Torch industry. Due to the economic slump and a lack of manpower, production facilities have been paused. The COVID-19 pandemic has led in a severe and extended drop in production utilisation, while travel prohibitions and facility closures have kept personnel away from their facilities, causing the Welding Torch market to slow in 2020. However, the negative impact of COVID-19 on the Welding Torch market is expected to be short, with the industry rebounding quickly by early 2021 due to increasing demand for Welding Torch .
Key Insights:
Welding Torch Market size was valued at US$ 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.
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Welding Torch Market Scope:
The analysis contains an up-to-date examination of the present Welding Torch market landscape, as well as the most recent trends and drivers, as well as a general review of the Welding Torch market environment. Increased demand for Welding Torch is driving the market. The Welding Torch market research examines the technology, end-user, and type categories, among other things, as well as the regional landscape.
Welding Torch Market Drivers:
People avoid this career because to health risks such as fire, hazardous conditions, and electric shocks. As a result, a scarcity of skilled workers is projected to impede the expansion of the welding torch market. Robotic technology is predicted to remain essential in addressing this barrier. Because of its increased productivity, improved quality, and lower overhead costs, end-use industries will be interested in the highly affordable ergonomic welding torch, which is predicted to gain in popularity throughout the projection period.
Welding Torch Market Segmentation:
by Product
• MIG/MAG Welding Torch
• TIG Welding Torch
• Plasma Torch
by Cooling
• Water Cooled
• Air Cooled
by Welding Operation
• Manual
• MIG/MAG Welding
• TIG Welding
• Plasma
• Robotics
by End-Use Industry
• Automotive and Transportation
• General Fabrication
• Shipyards and Offshore
• Energy
• Yellow Goods (Earth Moving Equipment, Fork Lifts, Agriculture Equipment)
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Key Players:
The market research report provides comprehensive quantitative insights that provide a clear picture of market potential in a variety of categories, as well as country-by-country analyses in each covered area. The analysis investigates the market's major influencing factors, as well as complete company profiles of....
• 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:
Individual market influencing variables and changes in market regulations that effect present and future market trends are also included in the region segment of the Welding Torch Market analysis. Data points including downstream and upstream value chain analysis, technology trends, porter's five forces analysis, and case studies are just a few of the indicators utilised to estimate market scenarios in many domains. The existence and availability of players, as well as the problems they face due to big or low to none rivalry from local and domestic brands, are all taken into account when analysing projection data for the region.
Table Of Content:
1. Global Welding Torch Market: Research Methodology
2. Global Welding Torch Market: Executive Summary
2.1 Market Overview and Definitions
2.1.1. Introduction to Global Welding Torch Market
2.2. Summary
2.1.1. Key Findings
2.1.2. Recommendations for Investors
2.1.3. Recommendations for Market Leaders
2.1.4. Recommendations for New Market Entry
3. Global Welding Torch Market: Competitive Analysis
3.1 MMR Competition Matrix
3.1.1. Market Structure by region
3.1.2. Competitive Benchmarking of Key Players
3.2 Consolidation in the Market
3.2.1 M&A by region
3.3 Key Developments by Companies
3.4 Market Drivers
3.5 Market Restraints
3.6 Market Opportunities
3.7 Market Challenges
3.8 Market Dynamics
3.9 PORTERS Five Forces Analysis
3.10 PESTLE
3.11 Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• South America
3.12 COVID-19 Impact
Key Questions Answered in the Welding Torch Market Report are:
- Which segment emerged as the leading segment in the Welding Torch market?
- Which are the key players in the Welding Torch market?
- What trends are likely to emerge in the Welding Torch market in the coming years?
- What will be the Welding Torch market size by 2027?
- Which company held the largest share in the Welding Torch market in 2020?
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