Published on : Sep 30, 2019
Albany, New York, September 30, 2019: Welding torch has been an instrument of traditional approach to mining, conducting electric current to electrode and guiding the welding flame. Various red flags on mining environment and worker’s health have changed the existing demographic of mining culture and persuaded the stakeholders to shift to undergo change and innovation.
Poor working conditions prevalent in small- and mid-size enterprises in various industries including ship building, construction, mining and metallurgy have stemmed numerous health conditions such as respiratory illness, drowsiness, head ache and pulmonary infection. Welding generated welding fumes and excessive noise along with deteriorating health amounts to a substantial evidence, thereby forcing the business owners to shift towards eco-friendly and innovative technologies to mitigate the negative impact. Quest for environment friendly and energy efficient technologies in welding process has given major boost to the global welding torch market.
In 2014, global welding torch market was valued ?US$2.5Bn and is estimated to reach a value of ?US$3.1Bn by the end of 2019, with further growth at ?6% CAGR between 2019 and 2029. These insights are according to the intelligence report, titled, “Global Market Study on Welding Torch – Moving Past the Skilled Labor, the Future is Held by ‘Robotics’,” which has been freshly added to Market Research Hub’s (MRH) over-arching repository.
Robotic welding more efficient
Increase in the production in various sectors including transportation, automotive, fabrication and yellow goods has a positive impact on the demand of welding torches. Automation in welding ecosystem has introduced robotic welding that efficiently involves less energy and labor, and gives greater output in terms of production.
Global welding torch market can be segmented into TIG welding, MIG/MAG welding and Plasma welding, of which MIG/MAG welding is perceived as the most efficient as it accomplishes welding of rational welding materials with high speed whereas TIG welding is relatively slow but yields highest quality of welding output. Welding torch market can be further segmented into robotic and manual based on the welding operation where robotic dominates more the greater half of the market with its efficient welding skills and leaves very less scape behind.
Some of the pre-eminent players profiled in the global welding torch market are Panasonic welding, Illinois Tool Works Inc., Lincoln Electric Company, ESAB, SKS Welding Systems, Parweld Ltd., DINSE Inc., Tweco, SUMIG USA Corporation, LLC, Bernard, EWM AG and UNIARC Ltd.
Global Welding Torch Market: Report Synopsis
Quantitative and qualitative assessment exhort intelligence and overarching report on the Global welding torch market. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the Global welding torch market. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on welding torch.
An insightful and deep-dive assessment of the competitive assessment of the Global welding torch market pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the Global welding torch market. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.
Global welding torch market: Research Methodology
Primary sources and secondary sources propel intelligence report on Global welding torch market that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst.
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