The Global MAG Welding Torches Market Size was estimated at USD 422.26 million in 2022 and is projected to reach USD 618.75 million by 2030, exhibiting a CAGR of 5.61% during the forecast period.
Market Overview
The research firm Contrive Datum Insights has just recently added to its database a report with the heading global MAG Welding Torches Market .Both primary and secondary research methodologies have been utilised in order to conduct an analysis of the worldwide MAG Welding Torches Market . In order to provide a comprehensive comprehension of the topic at hand, it has been summed up using appropriate and accurate market insights. According to Contrive Datum Insights, this worldwide comprehensive report is broken up into several categories in order to present the data in a way that is understandable, succinct, and presented in a professional manner. The expansion of this market is being fueled by the rising need for metal fabrication in sectors such as the automotive and transportation industries, general manufacturing, shipbuilding, and others. However, their high cost makes them less competitive in the market than TIG welding torches and wire feeder welders, which are more often used. The heat generated by a MIG welding flame is used in the arc welding process to make a weld. Metal inert gas (often argon) and an electric current are used to generate welding heat, hence the name MIG welding. Historical and projected statistics for the MAG Welding Torches market are shown for the years 2017 through 2030, with 2022 serving as the base year. The global market for MAG welding torches is broken down into several divisions in this report. Product, application, and key player-specific regional market sizes are also provided. We factored in the effects of both COVID-19 and the conflict between Russia and Ukraine when calculating the potential size of the market.
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Segment Analysis
It encompasses the most important key players in the world’s various regions and contains them. In this research report, several different techniques that high-level industries have utilised to achieve their goals are discussed. In order to obtain a more in-depth analysis of a number of different businesses, player profiles of the most important top players have been developed. It is beneficial to have an understanding of the worldwide competition on both the domestic and international platforms.It provides a detailed description of the drivers and opportunities in the MAG Welding Torches Market , which assists current customers and potential customers in gaining a clear vision and making decisions that are most effective for them. In order to discover the desired facts regarding the target market, various types of analysis models, such as MAG Welding Torches Market , are utilised. In addition to this, it includes a variety of different techniques for strategic planning, which encourages the way to define and develop the framework of the various industries.Product type, wear parts, cooling technique, mode of operation, end-use industry, distribution channel, and region are just few of the categories used by TMR to break down the global welding torch and wear parts market. The welding torch and wear parts market has been broken down into its component portions, and the shifting industry trends and other key market dynamics in each of those submarkets have been analyzed at length.
Based on types, the MAG Welding Torches Market is segmented into:
- Water Cooled
- Air Cooled
Based on application, the MAG Welding Torches Market is segmented into:
- Aerospace
- Automotive
- Maintenance and Repair
- General Fabrication
- Shipbuilding
- Others
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Recent Development
ESAB Welding & Cutting Products (division of Colfax Corporation) upgraded the consumables for their iSeries high-precision plasma equipment used in plasma beveling in November 2018.
2018 saw the release of ABICOR BINZEL’s Plasma arc welding system, the ABIPLAS WELD CT/MT, which features a fixed torch neck (MT) and an interchangeable torch neck (CT) for use with amperages up to 300 A. (CT)
Regional Analysis
Demand for automobile body panels in the United States and for power generation facilities in Canada are predicted to fuel substantial growth in the North American market between 2021 and 2030. As the number of shipyards in North America has grown, so too has the industry’s adoption of water-cooled torches, which use less energy than their air-cooled counterparts. Nonetheless, between 2021 and 2030, the Latin American industry is predicted to expand at a moderate rate due to rising demand for automobile body panels and Mexican power plants. More and more local producers are emphasizing low prices as a selling point, likely as a result of strong local rivalry. Due to factors including rising demand for automobile body panels and rising power demand in countries like Germany, the MIG welding torch market in Europe is predicted to show expansion (demand will increase) over the forecast period. Throughout the projected time period, demand from emerging markets in the Middle East and Africa is anticipated to be modest.
Regional MAG Welding Torches Market coverage (Regional Status, Demand Forecast, Country Trends, etc.):
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- North America, Europe, China, Japan, Southeast Asia, India.
- North America (USA, Canada, and Mexico).
- Europe (Germany, France, UK, Russia and, Italy).
- Asia-Pacific (China, Japan, Korea, India and, Southeast Asia).
Key segments covered in MAG Welding Torches Market include:
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- MAG Welding Torches Market Growth Drivers and Barriers.
- Market Trends, Market Opportunities, Porter’s Five Forces Analysis.
- Market Overview, Industry Development, Market Maturity, Value Chain Analysis.
- Regional and Country Level Analysis.
- Trends and Forecasts for Market Segments.
- Market Analysis and Various Recommendations.
- Key market forces.
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Key Market Participants in the MAG Welding Torches Market :
ABICOR BINZEL, Misatu Industries, CLS, ESAB Group, EWM AG, DINSE, Jain Group (ARMAC), Fronius International
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