Market Overview:
The global TIG equipment market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for TIG welders from high-tech industries, heavy industries, and light industries. Additionally, the growing demand for TIG welders in regions such as North America, Latin America, Europe, Asia Pacific and Middle East & Africa is also contributing to the growth of this market. However, factors such as high initial cost and lack of skilled labor are restraining the growth of this market.
Product Definition:
TIG equipment is the acronym for tungsten inert gas. It is a welding process that uses a non-consumable tungsten electrode to produce the weld. The importance of TIG equipment is that it provides a very clean and precise weld, making it ideal for welding thin materials or materials with high heat conductivity.
Single Phase TIG Welder:
Single-phase TIG (Stick Insect Glue) welder is a device used to weld metals in a single continuous movement. It uses an electric current of 1.5 to 3 amperes and has no external control or monitoring devices. Single phase TIG equipment is widely used for small repair works, especially in the automotive industry where it's easy to access the welding area and monitor the welding process from close quarters.
Three-Phase TIG Welder:
Three-phase TIG (TIG welder) is a kind of arc welding equipment that uses three-dimensional control and can be used for metal fabrication applications. It offers advantages such as high speed, good mechanical properties, and low heat input & output. The most important advantage is that it does not require any special gas or atmosphere; it can be used under normal air conditions as well as in the presence of moisture or other impurities.
Application Insights:
High-tech industry was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The growth of this application can be attributed to increasing demand for high technology products such as electronics, medical equipment, aerospace components and machinery. Rapid industrialization coupled with rising income levels in developing countries has led to increased consumption of tig welding equipment in high-tech industry applications.
The heavy industry segment is anticipated to witness significant growth over the forecast period owing to rising demand for steel structures used in bridges, buildings and ships among others. Increasing infrastructure spending by governments across various regions has also created a scope for TIG welder manufacturers investing there since it offers higher revenue per unit area than other welding processes like MIG or flux cored welding process do.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed a huge demand for industrial gas equipment, owing to rapid industrialization and expansion of manufacturing facilities by various major players. In addition, increasing foreign investments coupled with favorable government policies are anticipated to drive regional growth over the next eight years.
The growing automotive industry in Europe is also projected to have a positive impact on industry growth over the coming years as several OEMs such as Volkswagen Group; BMW AG; Mercedes-Benz AG Daimler-Chrysler LLC; Ferrari S.p.A.; Aston Martin Lagonda Limited are based in Europe thus boosting product demand from both heavy and light industries for arc welding operations across automotive components, power generation applications etc.). Moreover, presence of major manufacturers such as Mecairnautics GmbH & Co.
Growth Factors:
- Increasing demand for TIG equipment from the automotive and aerospace industries due to the growing popularity of lightweight vehicles and aircrafts.
- Rising demand for TIG equipment from the construction industry due to increasing infrastructure development activities across the globe.
- Growing demand for TIG welding equipment from small-scale businesses as they offer high quality welds with low heat input, which helps in preserving the integrity of materials being welded together.
- Technological advancements in TIG welding technology that have resulted in development of new and innovative products, thereby driving market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
TIG Equipment Market Research Report
By Type
Single Phase TIG Welder, Three-Phase TIG Welder
By Application
High-Tech Industry, Heavy Industry, Light Industry
By Companies
Panasonic, Lincoln, Esab, OTC, Fronius, Miller, Migatronic, GYS, Sansha Electric, Auweld, CEA, Deca, Sohal, Arcraft plasma, Riland, Jasic, Time Group, HYL, Kende, Tayor, Kaierda, Hugong, Aotai, WTL, Shiwei
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
204
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global TIG Equipment Market Report Segments:
The global TIG Equipment market is segmented on the basis of:
Types
Single Phase TIG Welder, Three-Phase TIG Welder
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
High-Tech Industry, Heavy Industry, Light Industry
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Panasonic
- Lincoln
- Esab
- OTC
- Fronius
- Miller
- Migatronic
- GYS
- Sansha Electric
- Auweld
- CEA
- Deca
- Sohal
- Arcraft plasma
- Riland
- Jasic
- Time Group
- HYL
- Kende
- Tayor
- Kaierda
- Hugong
- Aotai
- WTL
- Shiwei
Highlights of The TIG Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single Phase TIG Welder
- Three-Phase TIG Welder
- By Application:
- High-Tech Industry
- Heavy Industry
- Light Industry
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the TIG Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
TIG equipment is a type of welding equipment that uses a Tig arc to create welds.
Some of the major players in the tig equipment market are Panasonic, Lincoln, Esab, OTC, Fronius, Miller, Migatronic, GYS, Sansha Electric, Auweld, CEA, Deca, Sohal, Arcraft plasma, Riland, Jasic, Time Group, HYL, Kende, Tayor, Kaierda, Hugong, Aotai, WTL, Shiwei.
The tig equipment market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 TIG Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 TIG Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 TIG Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the TIG Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global TIG Equipment Market Size & Forecast, 2020-2028
4.5.1 TIG Equipment Market Size and Y-o-Y Growth
4.5.2 TIG Equipment Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Single Phase TIG Welder
5.2.2 Three-Phase TIG Welder
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 High-Tech Industry
6.2.2 Heavy Industry
6.2.3 Light Industry
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global TIG Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 TIG Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Single Phase TIG Welder
9.6.2 Three-Phase TIG Welder
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 High-Tech Industry
9.10.2 Heavy Industry
9.10.3 Light Industry
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Single Phase TIG Welder
10.6.2 Three-Phase TIG Welder
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 High-Tech Industry
10.10.2 Heavy Industry
10.10.3 Light Industry
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Single Phase TIG Welder
11.6.2 Three-Phase TIG Welder
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 High-Tech Industry
11.10.2 Heavy Industry
11.10.3 Light Industry
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Single Phase TIG Welder
12.6.2 Three-Phase TIG Welder
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 High-Tech Industry
12.10.2 Heavy Industry
12.10.3 Light Industry
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Single Phase TIG Welder
13.6.2 Three-Phase TIG Welder
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 High-Tech Industry
13.10.2 Heavy Industry
13.10.3 Light Industry
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 TIG Equipment Market: Competitive Dashboard
14.2 Global TIG Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Panasonic
14.3.2 Lincoln
14.3.3 Esab
14.3.4 OTC
14.3.5 Fronius
14.3.6 Miller
14.3.7 Migatronic
14.3.8 GYS
14.3.9 Sansha Electric
14.3.10 Auweld
14.3.11 CEA
14.3.12 Deca
14.3.13 Sohal
14.3.14 Arcraft plasma
14.3.15 Riland
14.3.16 Jasic
14.3.17 Time Group
14.3.18 HYL
14.3.19 Kende
14.3.20 Tayor
14.3.21 Kaierda
14.3.22 Hugong
14.3.23 Aotai
14.3.24 WTL
14.3.25 Shiwei
