Market Overview:
The global TIG welding torch 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 welding torches in various applications, such as automotive and transportation, general fabrication, shipyards, and other applications. In terms of type, the water cooled segment is expected to hold a major share of the global TIG welding torch market during the forecast period. This can be attributed to its advantages over air cooled torches such as better heat dissipation and low weight.
Product Definition:
A TIG welding torch is a handheld tool used to weld metals together. It has a long, thin nozzle that emits a stream of gas and heat, which is used to melt the metals and create the weld. The TIG welding torch is important because it provides an accurate and consistent way to weld metals together.
Water Cooled:
Water-cooled welding (WCS) is a process in which the heat generated by the welder is passed through water to cool down the metal. The water used in this system acts as a medium to carry away the heat and protect the work piece from getting burned. This technology was initially developed for use at offshore oil platforms, where it has found widespread acceptance due to its ability to provide high-temperature resistance with low maintenance and operating costs.
Air Cooled:
An air-cooled or air-source is a type of welding torch that operates by compressed air. It delivers an intense heat source to the work piece and also cools down the heat after each weld, which reduces the chances of burns. Air-cooled Torches are widely used in TIG (Two Inch Gas) welding owing to its advantages such as it produces less smoke and high quality welds with limited joint movement.
Application Insights:
The automotive and transportation segment accounted for the largest market share in 2017. The growth of this application is attributed to the increasing production of vehicles, especially in China, Japan and Germany. These countries account for a major part of global vehicle manufacturing owing to low labor cost, flexible work environment and easy availability of land. This trend is expected to continue over the forecast period as these countries are investing heavily in automation technology which will eventually reduce human employment rate there significantly over next few years.
Automotive manufacturers are also focusing on developing new products with advanced technology which can withstand harsh environmental conditions such as heat & coldness along with vibration & shock resistance during driving experience from customer side which will increase product life cycle substantially leading to higher demand for TIG welding equipment globally over forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, and South Korea. Rapid industrialization coupled with increasing investments in infrastructure development by governments of various countries has resulted in growing demand for welding equipment over the past few years.
China emerged as a major consumer of TIG welding equipment owing to high production volumes generated by automotive manufacturers based there as well as other industries such as electronics and textiles that require heavy duty welded joints on a regular basis. Europe accounted for more than 20% of the overall revenue share in 2017 owing to high product penetration rates across numerous manufacturing sectors including aerospace, defense industry, marine industry among others which are anticipated to drive regional growth over next eight years. North America also held a significant market share due to presence of prominent players operating within U.S.
Growth Factors:
- Increasing demand for TIG welding torches from the automotive and aerospace industries due to their superior quality and precision.
- Growing popularity of TIG welding as a preferred method of welding aluminum and other non-ferrous metals.
- Rising investments in infrastructure development projects, which is expected to lead to an increase in demand for TIG welding torches in the construction industry.
- Technological advancements that have led to the development of more advanced and efficient TIG welding torches, thereby increasing their adoption among consumers.
- The growing popularity of DIY (Do It Yourself) projects, which has resulted in an increase in the use of TIG welders by hobbyists and home-based businesses
Scope Of The Report
Report Attributes
Report Details
Report Title
TIG Welding Torch Market Research Report
By Type
Water Cooled, Air Cooled
By Application
Automotive and Transportation, General Fabrication, Shipyards, Other
By 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, Tokin Corporation, Uniarc Limited, DINSE Inc, Sumig USA Corporation, Tregaskiss, Bernard, Tweco (ESAB)
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
202
Number of Tables & Figures
142
Customization Available
Yes, the report can be customized as per your need.
Global TIG Welding Torch Market Report Segments:
The global TIG Welding Torch market is segmented on the basis of:
Types
Water Cooled, Air Cooled
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
Automotive and Transportation, General Fabrication, Shipyards, Other
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:
- 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
- Tokin Corporation
- Uniarc Limited
- DINSE Inc
- Sumig USA Corporation
- Tregaskiss
- Bernard
- Tweco (ESAB)
Highlights of The TIG Welding Torch 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:
- Water Cooled
- Air Cooled
- By Application:
- Automotive and Transportation
- General Fabrication
- Shipyards
- Other
- 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 Welding Torch 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
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- Consumer Insights
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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?
A TIG Welding Torch is a type of welding torch that uses a Tig welder. It has an electrode that is heated by an electric arc and used to weld metal pieces together.
Some of the major companies in the tig welding torch market are 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, Tokin Corporation, Uniarc Limited, DINSE Inc, Sumig USA Corporation, Tregaskiss, Bernard, Tweco (ESAB).
The tig welding torch market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 TIG Welding Torch 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 Welding Torch Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 TIG Welding Torch 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 Welding Torch 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 Welding Torch Market Size & Forecast, 2018-2028
4.5.1 TIG Welding Torch Market Size and Y-o-Y Growth
4.5.2 TIG Welding Torch Market Absolute $ Opportunity
Chapter 5 Global TIG Welding Torch 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 TIG Welding Torch Market Size Forecast by Type
5.2.1 Water Cooled
5.2.2 Air Cooled
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global TIG Welding Torch 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 TIG Welding Torch Market Size Forecast by Applications
6.2.1 Automotive and Transportation
6.2.2 General Fabrication
6.2.3 Shipyards
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global TIG Welding Torch 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 Welding Torch 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 TIG Welding Torch Analysis and Forecast
9.1 Introduction
9.2 North America TIG Welding Torch 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 TIG Welding Torch Market Size Forecast by Type
9.6.1 Water Cooled
9.6.2 Air Cooled
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 TIG Welding Torch Market Size Forecast by Applications
9.10.1 Automotive and Transportation
9.10.2 General Fabrication
9.10.3 Shipyards
9.10.4 Other
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 TIG Welding Torch Analysis and Forecast
10.1 Introduction
10.2 Europe TIG Welding Torch 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 TIG Welding Torch Market Size Forecast by Type
10.6.1 Water Cooled
10.6.2 Air Cooled
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 TIG Welding Torch Market Size Forecast by Applications
10.10.1 Automotive and Transportation
10.10.2 General Fabrication
10.10.3 Shipyards
10.10.4 Other
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 TIG Welding Torch Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific TIG Welding Torch 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 TIG Welding Torch Market Size Forecast by Type
11.6.1 Water Cooled
11.6.2 Air Cooled
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 TIG Welding Torch Market Size Forecast by Applications
11.10.1 Automotive and Transportation
11.10.2 General Fabrication
11.10.3 Shipyards
11.10.4 Other
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 TIG Welding Torch Analysis and Forecast
12.1 Introduction
12.2 Latin America TIG Welding Torch 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 TIG Welding Torch Market Size Forecast by Type
12.6.1 Water Cooled
12.6.2 Air Cooled
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 TIG Welding Torch Market Size Forecast by Applications
12.10.1 Automotive and Transportation
12.10.2 General Fabrication
12.10.3 Shipyards
12.10.4 Other
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) TIG Welding Torch Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) TIG Welding Torch 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) TIG Welding Torch Market Size Forecast by Type
13.6.1 Water Cooled
13.6.2 Air Cooled
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) TIG Welding Torch Market Size Forecast by Applications
13.10.1 Automotive and Transportation
13.10.2 General Fabrication
13.10.3 Shipyards
13.10.4 Other
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 Welding Torch Market: Competitive Dashboard
14.2 Global TIG Welding Torch Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Tokin Corporation
14.3.2 SKS Welding systems
14.3.3 The Lincoln Electric Company
14.3.4 Illinois Tool Works Inc.
14.3.5 ABICOR BINZEL USA, Inc.
14.3.6 EWM AG
14.3.7 Parweld Ltd
14.3.8 Panasonic Welding
14.3.9 Fronius International GmbH
14.3.10 Miller Electric
14.3.11 Tokin Corporation
14.3.12 Uniarc Limited
14.3.13 DINSE Inc
14.3.14 Sumig USA Corporation
14.3.15 Tregaskiss
14.3.16 Bernard
14.3.17 Tweco (ESAB)
