Welding Torch and Wear Parts Market

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Welding Torch and Wear Parts Market (Type - MIG-mag, Tig, and Plasmas; Cooling Method - Gas-cooled, and Water-cooled; Mode of Operation - Automatic, and Manual; End-use Industry - Construction, Automotive, Heavy Equipment Manufacturing, Demolition and Scrap, Oil and Gas, Yellow Goods, and Other End-use Industries): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025

  • Published : March, 2020

  • Rep Id : IA0082

  • Category : Industry Automation

  • Status : Published

This report provides exclusive insights into the COVID-19 impact on the Welding Torch and Wear Parts Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Welding Torch and Wear Parts Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Welding Torch and Wear Parts Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.

A recent report published by Infinium Global Research on welding torch and wear parts market provides an in-depth analysis of segments and sub-segments in the global as well as regional welding torch and wear parts market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional welding torch and wears parts market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global welding torch and wear parts market. According to the report, the global welding torch and wear parts market is projected to grow at a CAGR of 3.9% over the forecast period of 2019-2025.

 

Market Insight

A welding torch is used in an automatic welding system that directs the welding electrode into an arc and conducts welding power to the electrode. Technological advancement is the key factor leading to the development of welding torch and wears parts market. Manufacturers in the market are majorly focused on innovations in the product.

 

The growing research and development to improve convenience in handling robotic welding torches drive the growth of welding torch and wear parts market. The rising focus on the development of contemporary vehicles led to the expansion of the market. Further, the surge in vehicle production activities in Brazil, India, China, and demand for light commercial vehicles will augment the growth of welding torch and wear parts market. Additionally, strict regulations regarding environment protection encourage green techniques and advanced environmentally sustainable technology for the development of welding torch. Furthermore, the introduction of software-driven solutions that are developed to gather weld data and to monitor the entire welding process leading to the expansion of the global welding torch and wear parts market. Specialized MIG welding provides visual guidance regarding travel speed, proper gun angle, and increases the productivity of welding operations favoring the growth of welding torch and wear parts market. In addition, the rising adoption of advanced light-manual, ergonomic, and flexible welding torches promotes the production of futurist vehicles. On the flip side, lack of skilled workers hinders the growth of the welding torch and wears parts market. The toxic atmosphere, fire, and electric shocks are the risks for the workers in this profession. Moreover, research and development create numerous opportunities in the global welding torch and wear parts market.

 

Geographically, the global welding torch and wear parts market is divided into North America, Asia-Pacific, Europe, and the Rest of the World. Europe is anticipated to account for the major share in the global welding torch and wear parts market. The growing automotive industry in Europe led to the expansion of the welding torch and wear parts market in Europe. The rising initiatives of European manufacturers towards conceptualization and working models of green and futuristic cats such as electric cars and autonomous vehicles contribute to the development of welding torch and wear parts market in Europe. Asia-Pacific region is expected to have the fastest CAGR in the global welding torch and wear parts market over the forecast period. The rising production of vehicles and the growing automobile sector in the Asia-Pacific region drive the growth of welding torch and wear parts market in the Asia-Pacific region. North America has lucrative growth opportunities in the global welding torch and wears parts market. New developments with robotic welding torches in North America will augment the growth of welding torch and wear parts market in North America.

 

Segment Covered

The report on global welding torch and wear parts market covers segments such as type, cooling method, mode of operation, and end-use industry. On the basis of type, the sub-markets include mig-mag, tig, and plasmas. On the basis of cooling method, the sub-markets include gas-cooled, and water-cooled. On the basis of mode of operation, the sub-markets include automatic, and manual. On the basis of end-use industry, the sub-markets include construction, automotive, heavy equipment manufacturing, demolition and scrap, oil and gas, yellow goods, and other end-use industries.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Riconlas, SKS Welding Systems, Sumig, TBi Industries GmbH, Welding Engineers, The Lincoln Electric Company, Uniarc and Tokin Corporation, Trafimet Group Spa, Parweld Ltd., Fronius International GmbH, and Other companies.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of welding torch and wear parts market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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