The global TIG wire market is expected to grow at a CAGR of 4.5% during the forecast period, from 2021 to 2030. The growth of this market can be attributed to the increasing demand for TIG welding in various industries such as automotive, heavy equipment, railway wagon and coaches. The increasing demand for TIG welding in these industries is due to its ability to produce high-quality welds with minimal distortion and excellent surface finish. Moreover, it has a low heat input which reduces the risk of warping or burning through thin materials. The global TIG wire market by type is segmented into HSLA and AHSS types. The HSLA type accounted for more than 50% share of the total revenue generated by this market in 2017 owing to its high strength and corrosion resistance properties which make it suitable for use in various applications such as automobile industry, heavy equipment, railway wagon and coaches etc, whereas AHSS accounted for less than 10% share owing to its lower strength properties which make it unsuitable for use in applications where higher tensile strength is required such as automobile industry etc, but can be used where corrosion resistance properties are required such as railway wagon and coaches etc,.
- TIG wire is a type of welding wire that is used to weld aluminum, stainless steel, and other metals.
- TIG welding is a process that uses an electric arc to weld metals together.
- The process of TIG welding can be done with or without filler metal depending on the desired outcome and the type of metal being welded together.
- The most common types of filler metal are copper, silver, nickel, and zinc-coated copper wires which are used for different types of applications such as aluminum welding or stainless steel welding respectively.
- The use of TIG wire has increased in recent years due to its ability to produce high quality welds with minimal distortion in the material being welded together.
Industry Growth Insights published a new data on “TIG Wire Market”. The research report is titled “TIG Wire Market research by Types (HSLA, AHSS), By Applications (Automobile Industry, Heavy Equipment, Railway Wagon and Coaches, Other), By Players/Companies Lincoln Electric, KLINWELD, Italfil, Novofil Welding Wire, Kobe MIG Wire, DAIDO STEEL, Nevatia steel, ...”.
Scope Of The Report
Report Attributes
Report Details
Report Title
TIG Wire Market Research Report
By Type
HSLA, AHSS
By Application
Automobile Industry, Heavy Equipment, Railway Wagon and Coaches, Other
By Companies
Lincoln Electric, KLINWELD, Italfil, Novofil Welding Wire, Kobe MIG Wire, DAIDO STEEL, Nevatia steel, ...
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global TIG Wire Market Report Segments:
The global TIG Wire market is segmented on the basis of:
Types
HSLA, AHSS
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
Automobile Industry, Heavy Equipment, Railway Wagon and Coaches, 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:
- Lincoln Electric
- KLINWELD
- Italfil
- Novofil Welding Wire
- Kobe MIG Wire
- DAIDO STEEL
- Nevatia steel
- ...
Highlights of The TIG Wire 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:
- HSLA
- AHSS
- By Application:
- Automobile Industry
- Heavy Equipment
- Railway Wagon and Coaches
- 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 Wire 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.
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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?
TIG wire is a type of welding wire that is made of tungsten and aluminum. It has a high melting point, so it can be used to weld metals that have a higher melting point, such as titanium.
Some of the key players operating in the tig wire market are Lincoln Electric, KLINWELD, Italfil, Novofil‚Â Welding Wire, Kobe‚Â MIG Wire, DAIDO STEEL, Nevatia steel.
The tig wire market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. TIG Wire Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. TIG Wire Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. TIG Wire Market - Supply Chain
4.5. Global TIG Wire Market Forecast
4.5.1. TIG Wire Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. TIG Wire Market Size (000 Units) and Y-o-Y Growth
4.5.3. TIG Wire Market Absolute $ Opportunity
5. Global TIG Wire Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. TIG Wire Market Size and Volume Forecast by Type
5.3.1. HSLA
5.3.2. AHSS
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global TIG Wire Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. TIG Wire Market Size and Volume Forecast by Application
6.3.1. Automobile Industry
6.3.2. Heavy Equipment
6.3.3. Railway Wagon and Coaches
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global TIG Wire Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. TIG Wire Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global TIG Wire Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. TIG Wire Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global TIG Wire Demand Share Forecast, 2019-2029
9. North America TIG Wire Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America TIG Wire Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America TIG Wire Market Size and Volume Forecast by Application
9.4.1. Automobile Industry
9.4.2. Heavy Equipment
9.4.3. Railway Wagon and Coaches
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America TIG Wire Market Size and Volume Forecast by Type
9.7.1. HSLA
9.7.2. AHSS
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America TIG Wire Demand Share Forecast, 2019-2029
10. Latin America TIG Wire Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America TIG Wire Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America TIG Wire Market Size and Volume Forecast by Application
10.4.1. Automobile Industry
10.4.2. Heavy Equipment
10.4.3. Railway Wagon and Coaches
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America TIG Wire Market Size and Volume Forecast by Type
10.7.1. HSLA
10.7.2. AHSS
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America TIG Wire Demand Share Forecast, 2019-2029
11. Europe TIG Wire Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe TIG Wire Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe TIG Wire Market Size and Volume Forecast by Application
11.4.1. Automobile Industry
11.4.2. Heavy Equipment
11.4.3. Railway Wagon and Coaches
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe TIG Wire Market Size and Volume Forecast by Type
11.7.1. HSLA
11.7.2. AHSS
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Contry
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe TIG Wire Demand Share, 2019-2029
12. Asia Pacific TIG Wire Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific TIG Wire Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific TIG Wire Market Size and Volume Forecast by Application
12.4.1. Automobile Industry
12.4.2. Heavy Equipment
12.4.3. Railway Wagon and Coaches
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific TIG Wire Market Size and Volume Forecast by Type
12.7.1. HSLA
12.7.2. AHSS
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific TIG Wire Demand Share, 2019-2029
13. Middle East & Africa TIG Wire Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa TIG Wire Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa TIG Wire Market Size and Volume Forecast by Application
13.4.1. Automobile Industry
13.4.2. Heavy Equipment
13.4.3. Railway Wagon and Coaches
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa TIG Wire Market Size and Volume Forecast by Type
13.7.1. HSLA
13.7.2. AHSS
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa TIG Wire Demand Share, 2019-2029
14. Competition Landscape
14.1. Global TIG Wire Market: Market Share Analysis
14.2. TIG Wire Distributors and Customers
14.3. TIG Wire Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Lincoln Electric
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. KLINWELD
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Italfil
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Novofil Welding Wire
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Kobe MIG Wire
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. DAIDO STEEL
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Nevatia steel
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. ...
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook