Welding Torch and Wear Parts Market Growth, Trends and Forecast by 2031

MARKET INTRODUCTION

In a welding system, a welding torch is used to shield the arc area, conduct welding power to the electrode, and direct the welding electrode into the arc. The introduction of new energy-efficient technologies for decreasing emissions in the environment, as well as the increasing availability of water and gas-cooled variants of TIG and MIG welding, are driving the welding torch and wear parts market. The need for welding torch and wear parts is being fueled by the rise of the construction and manufacturing industries around the world, as well as the growing need for welding torch and wear parts from the automotive industry.

MARKET SCOPE

The "Global Welding Torch and Wear Parts Market Analysis to 2031" is a specialized and in-depth study of the Welding torch and wear parts Market with a special focus on the global market trend analysis. The report aims to provide an overview of Welding torch and wear parts market with detailed market segmentation by product type, cooling method, operation and end user. The global Welding torch and wear parts market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Welding torch and wear parts market player and offers key trends and opportunities in the Welding torch and wear parts market.

MARKET SEGMENTATION

  Based on product type the market is bifurcated as, torch, wear parts.

  Based on cooling method the market is segmented as, water cooled and air cooled.

  Based on the operation the market is segmented as, manual and automatic

  Based on end-user the market is segmented as, automotive and transportation, construction, manufacturing, others.

MARKET DYNAMICS

Drivers:

  Welding technology advancements are converging on an increasing demand to improve welding process efficiency.

  Growth in industrialization in developing economies is likely to propel market growth.

  Expansion in manufacturing and construction sector is also the key driving factor for the market growth.

Restraints:

  The Welding torch and wear parts market's growth is restrained by, lack of availability of skilled labors.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Welding torch and wear parts market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Welding torch and wear parts market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting Welding torch and wear parts Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Welding torch and wear parts market in these regions.

IMPACT OF COVID-19 ON WELDING TORCH AND WEAR PARTS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The reports cover key developments in the Welding torch and wear parts market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Welding torch and wear parts market are anticipated to lucrative growth opportunities in the future with the rising demand for Welding torch and wear parts market. Below mentioned is the list of few companies engaged in the Welding torch and wear parts market.

The report also includes the profiles of key Welding torch and wear parts market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   ESAB
  
•   Fronius International GmbH
  
•   Lincoln Electric Company
  
•   Linde
  
•   Migatronic
  
•   Miller Electric
  
•   Parker Torchology B.V.
  
•   SKS Welding Systems Pvt Ltd
  
•   TBi Industries GmbH
  
•   Tokin Corporation
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Welding Torch and Wear Parts Report Scope

Report Attribute	Details
Market size in 2024	US$ XX million
Market Size by 2031	US$ XX Million
Global CAGR (2025 - 2031)	XX%
Historical Data	2021-2023
Forecast period	2025-2031
Segments Covered	By Product Type Torch Wear Parts By Cooling Method Water Cooled Air Cooled By Operation Manual Automatic By End-user Automotive and Transportation Construction Manufacturing
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	ESAB Fronius International GmbH Lincoln Electric Company Linde Migatronic Miller Electric Parker Torchology B.V. SKS Welding Systems Pvt Ltd TBi Industries GmbH