Market Overview:
The global welding torches market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the welding torches market can be attributed to the increasing demand for welded products from various end-use industries, such as equipment manufacturing, shipping industry, automobile industry, and others. In addition, the growing demand for air-cooled and water-cooled welding torches across different regions is also propelling the growth of this market. On the basis of type, the global welding torches market can be segmented into air-cooled welding torches and water-cooled welding torches. Air-cooled welding torches are more popular than water- cooled ones owing to their low cost and easy installation process. However, water cooled welders are gaining popularity due to their high performance levels and ability to handle large amounts of heat without any damage or distortion in workpieces being welded. Based on application, the global Welding Torches Market can be segment into equipment manufacturing; shipping industry; automobile industry; other applications including construction & infrastructure development; energy sector (oil & gas pipelines); metal fabrication etc.). Among these applications segments, equipment manufacturing held a dominant share in 2017 and is projected to maintain its dominance duringthe forecast period as well.
Product Definition:
A welding torch is a tool used to weld metals together. It is a handheld device that uses heat to join two pieces of metal together. The welding torch is important because it allows for the joining of metals in a way that is both strong and durable.
Air-Cooled Welding Torches:
Air-cooled welding torches are also known as air-cooled stick welding devices or portable electric welders. They are used for metal fabrication and repair work in construction, shipbuilding, automotive industries and other related applications. Air-cooled welding device is a portable electric device that uses compressed air as a coolant to remove heat from the tip of the electrode during the process of welding.
Water-Cooled Welding Torches:
Water-cooled welding torches are used in the manufacturing industries for various processes such as cutting, drilling, grinding and welding. These products have gained popularity owing to their ability to provide a cool burn while operating at high temperatures. The water-cooling system employed in these products helps remove heat from the combustion area which reduces the temperature of molten metal and protects it from overheating. This factor is anticipated to drive product demand over the forecast period.
Application Insights:
Equipment manufacturing was the prominent application segment in terms of revenue share in 2017. The growth can be attributed to the growing demand for equipment manufacturing, particularly across emerging economies including China and India. In addition, air-cooled welding torches are preferred for their high efficiency at a lower cost which further boosts product demand in this application segment.
The shipping industry is another significant user of welding torches as they provide flexibility and easy handling while loading or unloading cargo at a seaport or airport facility. Water-cooled welding torches are used on account of their low power consumption which makes them an ideal choice when it comes to operating heavy machinery on ships that have limited energy resources available. Moreover, water-based MIG welds ship structure without requiring additional support structures such as masts and derricks because it is less likely that the ship will move during the weld process due to its fixed position compared with when using gas metal arc Welding (GMAW).
Regional Analysis:
Asia Pacific accounted for the largest share of over 40% in 2017. The region is expected to witness significant growth owing to increasing demand from several end-use industries, such as transportation and manufacturing. In addition, rising investments by governments in developing countries are anticipated to boost the demand for equipment welding processes, thereby driving market growth over the forecast period.
The Middle East & Africa is projected to be one of the fastest-growing regions with a CAGR exceeding 5% during the forecast period owing to rapid development taking place in this region coupled with increasing government spending on infrastructure projects such as oil & gas facilities and refineries which will drive industrialization across various sectors including shipbuilding and metalworking industry resulting into high product consumption especially for equipment manufacturing applications.
North America was estimated at USD X million in 2017.
Growth Factors:
- Increasing demand for welding torches from the automotive and aerospace industries due to the growing popularity of lightweight and fuel-efficient vehicles.
- Rising demand for welding torches from construction and infrastructure development projects as governments around the world focus on upgrading their infrastructure.
- Growing use of welding torches in manufacturing processes owing to their ability to provide high-quality welds quickly and efficiently.
- Increasing adoption of robotic welding systems, which require specially designed welding torches, across various industrial sectors.
- Technological advancements that have led to the development of more advanced and efficient welding torches, making them more attractive to buyers
Scope Of The Report
Report Attributes
Report Details
Report Title
Welding Torches Market Research Report
By Type
Air-Cooled Welding Torches, Water-Cooled Welding Torches
By Application
Equipment Manufacturing, Shipping Industry, Automobile Industry, Other
By Companies
FRONIUS, Herz GmbH, LEISTER Technologies AG, Lincoln Electric, Forsthoff, Miller Electric, Nworld srl, SINCOSALD, Victor Technologies, BAK Thermoplastic Welding Technology Ltd., FRONIUS, Cigweld, CLOOS, ESAB, EWM AG
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
132
Number of Tables & Figures
93
Customization Available
Yes, the report can be customized as per your need.
Global Welding Torches Market Report Segments:
The global Welding Torches market is segmented on the basis of:
Types
Air-Cooled Welding Torches, Water-Cooled Welding Torches
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
Equipment Manufacturing, Shipping Industry, Automobile Industry, 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:
- FRONIUS
- Herz GmbH
- LEISTER Technologies AG
- Lincoln Electric
- Forsthoff
- Miller Electric
- Nworld srl
- SINCOSALD
- Victor Technologies
- BAK Thermoplastic Welding Technology Ltd.
- FRONIUS
- Cigweld
- CLOOS
- ESAB
- EWM AG
Highlights of The Welding Torches 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:
- Air-Cooled Welding Torches
- Water-Cooled Welding Torches
- By Application:
- Equipment Manufacturing
- Shipping Industry
- Automobile Industry
- 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 Welding Torches 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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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?
Welding torches are a type of welding equipment that uses a torch to heat up metal so it can be welded together.
Some of the key players operating in the welding torches market are FRONIUS, Herz GmbH, LEISTER Technologies AG, Lincoln Electric, Forsthoff, Miller Electric, Nworld srl, SINCOSALD, Victor Technologies, BAK Thermoplastic Welding Technology Ltd., FRONIUS, Cigweld, CLOOS, ESAB, EWM AG.
The welding torches 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 Welding Torches 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 Welding Torches Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Welding Torches 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 Welding Torches 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 Welding Torches Market Size & Forecast, 2020-2028
4.5.1 Welding Torches Market Size and Y-o-Y Growth
4.5.2 Welding Torches 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 Air-Cooled Welding Torches
5.2.2 Water-Cooled Welding Torches
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 Equipment Manufacturing
6.2.2 Shipping Industry
6.2.3 Automobile Industry
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Welding Torches 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 Welding Torches 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 Air-Cooled Welding Torches
9.6.2 Water-Cooled Welding Torches
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 Equipment Manufacturing
9.10.2 Shipping Industry
9.10.3 Automobile Industry
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 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 Air-Cooled Welding Torches
10.6.2 Water-Cooled Welding Torches
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 Equipment Manufacturing
10.10.2 Shipping Industry
10.10.3 Automobile Industry
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 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 Air-Cooled Welding Torches
11.6.2 Water-Cooled Welding Torches
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 Equipment Manufacturing
11.10.2 Shipping Industry
11.10.3 Automobile Industry
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 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 Air-Cooled Welding Torches
12.6.2 Water-Cooled Welding Torches
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 Equipment Manufacturing
12.10.2 Shipping Industry
12.10.3 Automobile Industry
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) 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 Air-Cooled Welding Torches
13.6.2 Water-Cooled Welding Torches
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 Equipment Manufacturing
13.10.2 Shipping Industry
13.10.3 Automobile Industry
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 Welding Torches Market: Competitive Dashboard
14.2 Global Welding Torches Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 FRONIUS
14.3.2 Herz GmbH
14.3.3 LEISTER Technologies AG
14.3.4 Lincoln Electric
14.3.5 Forsthoff
14.3.6 Miller Electric
14.3.7 Nworld srl
14.3.8 SINCOSALD
14.3.9 Victor Technologies
14.3.10 BAK Thermoplastic Welding Technology Ltd.
14.3.11 FRONIUS
14.3.12 Cigweld
14.3.13 CLOOS
14.3.14 ESAB
14.3.15 EWM AG
