Reliable Data You Can Trust
Reliable Data You Can Trust
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.
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.
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.
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.
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.
Please Choose One of them.