Arc Welding Torch Market by Wear Parts (Gas Nozzles, Contact Tips, Electrodes), Cooling Type (Air-Cooled, Water-Cooled), End-Use Industries (Automotive, Construction, Power Generation), And Region - Global Forecast to 2029
The arc welding torch market size is projected to grow from USD 2.7 billion in 2024 and is projected to reach USD 3.5 billion by 2029, at a CAGR of 4.7%. The market for arc welding torches is experiencing significant growth, driven by increasing demand across various industries such as automotive, construction, manufacturing, and shipbuilding. Arc welding torches are crucial tools for joining metals by applying intense heat generated by an electric arc. The arc welding torch market is on a steady growth trajectory, propelled by several factors shaping the global landscape. Foremost among these drivers is the promising growth of the steel industry, spurred by infrastructural development projects and the burgeoning demand for steel in various sectors worldwide. Moreover, the market is also buoyed by the escalating global population and the rapid rate of urbanization, which drive the need for construction and infrastructure development, further fueling the demand for welding equipment, including arc welding torches.
Attractive Opportunities in the Arc Welding Torch Market
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Arc welding torch Market Dynamics
Driver: growth in steel industry
The growth in the steel industry is a significant driver for the demand in the arc welding torch industry. As the steel industry expands, there is a parallel increase in the need for welding processes to join, fabricate, and repair steel components. Arc welding, known for its versatility and effectiveness in joining metal components, becomes indispensable in various stages of steel production.
One major factor contributing to this demand is infrastructure development. With burgeoning urbanization and industrialization globally, there's a continuous requirement for constructing buildings, bridges, roads, and other infrastructure projects. Steel, being a vital material in construction, experiences increased demand. Consequently, welders rely heavily on arc welding torches to fuse steel components securely and efficiently, ensuring the structural integrity of these projects.
Moreover, the automotive industry, a significant consumer of steel, fuels the demand for arc welding torches. As the automotive sector evolves to meet demands for safer, lighter, and more fuel-efficient vehicles, manufacturers increasingly turn to high-strength steel alloys. These advanced materials require precise and robust welding techniques, where arc welding torches play a crucial role in achieving the desired weld quality and strength.
Restraint: Safety concerns associated with welding
The market for arc welding torches faces a significant challenge due to safety concerns inherent in the welding process. Welding operations pose risks such as fume exposure and burns, which not only put welders' health and safety at risk but also trigger regulatory bodies to enforce stricter standards. These regulations often require enhanced safety features to be integrated into welding torch designs, leading to increased manufacturing expenses and potential market growth impediments.
However, manufacturers are actively working to overcome these obstacles by innovating torch designs to include improved fume extraction systems, heat-resistant materials, and ergonomic features aimed at minimizing burn risks. Furthermore, they are investing in research & development initiatives to pioneer advanced technologies like automated welding systems, which can reduce human intervention in hazardous environments. By prioritizing safety and regulatory compliance, manufacturers aim to overcome these challenges, ensuring sustained growth in the arc welding torch market while safeguarding welders' well-being.
In addition, the welding process generates substantial amounts of greenhouse gases, primarily through the use of shielding gases like carbon dioxide and argon. These emissions have profound environmental implications, contributing to global warming and disrupting atmospheric equilibrium. The cryogenic process required to liquefy carbon dioxide and argon demands significant electricity, leading to additional emissions that exacerbate the environmental impact. Notably, industrial processes, including welding, accounted for 47% of global CO2 emissions in 2018, as reported by the International Energy Agency. To address the escalating emissions, various governing bodies and industry associations are implementing stringent regulations. For example, the United States Environmental Protection Agency (EPA) is developing standards under the Clean Air Act to mitigate CO2 and other greenhouse gas emissions from industrial sources, including welding operations. In response to regulatory pressures, manufacturers in the arc welding torch market are intensifying efforts to mitigate the environmental impact. They are investing in research & development to devise more sustainable welding processes, such as utilizing alternative shielding gases.
Opportunities: Development of lightweight and portable torches.
Manufacturers within the arc welding torch market have a significant opportunity to innovate and create lightweight, portable torches that cater to the needs of welders working in confined spaces. By developing torches that are easier to handle and maneuver, companies can tap into a niche market segment and gain a competitive edge. For instance, leading manufacturers like ABICOR BINZEL and Lincoln Electric have already recognized this opportunity and introduced torch models designed specifically for confined space welding. For instance, ABICOR BINZEL offers customizable lightweight torches like ABIMIG AT that are designed to keep welder comfort and performance in mind. These torches are ergonomic, allowing welders to work more comfortably and efficiently, especially in tight spots. These torches often feature compact designs, ergonomic handles, and flexible cables to facilitate ease of use in tight spaces. By reducing the bulk and weight of traditional torches, welders can access difficult-to-reach areas with greater precision and efficiency. Additionally, advancements in materials and technology have enabled the development of torches with improved durability and performance without sacrificing portability.
Overall, the development of lightweight and portable torches presents manufacturers in the arc welding market with an opportunity to expand their product offerings, attract new customers, and differentiate themselves from competitors. By focusing on innovation and meeting the evolving needs of welders, companies can position themselves for success in this dynamic industry.
Challenges Shortage of skilled welders
The shortage of skilled welders presents a significant challenge to the growth of the arc welding torch market. Advanced welding techniques often demand specific torch types tailored to intricate tasks and materials. However, the scarcity of skilled welders proficient in these techniques hampers the widespread adoption of such torches. Without skilled labor to utilize these advanced tools effectively, industries face constraints in optimizing their welding processes for efficiency and quality. The gap between technological advancements in arc welding torches and the capability of the workforce to leverage them restricts market expansion. As a result, businesses may hesitate to invest in cutting-edge torch technology due to concerns about operational feasibility and returns on investment. Addressing the skilled labor shortage becomes imperative not only for the development of the welding industry but also for unlocking the full potential of innovative torch solutions. Collaborative efforts involving training programs, industry partnerships, and technological advancements in welding education are essential to bridge this gap and foster the growth of the arc welding torch market.
ECOSYSTEM
The air-cooled segment is projected to be the larger cooling type segment of arc welding torch during the forecast period.
Air-cooled welding torches are a type of torch used in arc welding that rely on airflow to dissipate heat generated during the welding process. These torches typically feature a series of fins or channels that allow air to circulate around the torch body, carrying away heat and keeping the torch cool. One of the primary advantages of air-cooled torches is their simplicity and ease of use. Unlike water-cooled torches, which require a separate water supply and cooling system, air-cooled torches are self-contained and do not require any additional equipment. This makes them more convenient and portable, especially in situations where access to water or a cooling system may be limited. Additionally, air-cooled torches tend to be more cost-effective and easier to maintain than their water-cooled counterparts, making them a popular choice for a wide range of welding applications.
Electrodes segment is the largest wear part segment of arc welding torch market.
Wear parts in arc welding torches are components that experience gradual deterioration over time due to the heat and friction generated during the welding process. These parts typically require periodic replacement to maintain optimal performance and efficiency. Among these wear parts, the electrode segment stands out as crucial. The electrode serves as the conductor of the electric current necessary to create the welding arc, which melts the base metals and forms the weld joint. It's often made from materials like tungsten or other alloys with high melting points to withstand the intense heat generated during welding. The electrode's design and material composition play a significant role in determining welding quality and efficiency. Benefits of quality electrodes include consistent arc stability, improved weld penetration, reduced spatter, and longer service life, ultimately contributing to higher productivity and cost-effectiveness in welding operations.
Construction end-use industry is the largest end-use industry segment of arc welding torch market.
The construction industry is experiencing significant growth globally, fueled by urbanization, infrastructure development, and population expansion. This surge is evident in both residential and commercial construction projects. Welding plays a pivotal role in the construction sector, serving as a fundamental joining process for structural components like beams, columns, and frames. Its versatility enables the fabrication of complex structures, ensuring durability and structural integrity. The benefits of welding in construction include enhanced strength, precision, and cost-effectiveness compared to traditional joining methods. As the demand for construction projects rises, so does the need for efficient and reliable welding solutions. This increased demand for welding services drives the market for arc welding torches, essential tools for executing welding tasks efficiently and precisely in construction applications. Consequently, the construction end-use industry segment emerges as the largest driver of growth for the arc welding torch market during the forecast period.
Asia Pacific is estimated to account for the largest market share during the forecast period.
The dominance of the Asia Pacific region in the arc welding torch market can be attributed to several key factors, primarily driven by the region's growing population and rapid urbanization. As populations expand and urban areas continue to develop, there's a parallel surge in construction activities and infrastructure development to accommodate the increasing demand for housing, commercial spaces, and essential infrastructure like roads, bridges, and utilities. This growth in construction and infrastructure projects inherently boosts the demand for welding services and equipment, including arc welding torches. Arc welding is a fundamental process extensively used in construction and infrastructure projects for joining metal components and structures. As such, the growth in construction and infrastructure development directly correlates with an increased demand for arc welding torches.
Moreover, the Asia Pacific region is witnessing significant growth in the automotive industry. Countries like China and India are experiencing a burgeoning automotive sector, driven by rising consumer demand, increasing disposable income, and government initiatives to promote domestic manufacturing. Arc welding plays a crucial role in automobile manufacturing processes, contributing to the fabrication and assembly of vehicle components. Hence, the growth in the automotive industry further fuels the demand for arc welding torches in the region.
Furthermore, the escalating focus on renewable energy sources, particularly in China and India, is propelling the demand for arc welding torches. Both countries are aggressively expanding their wind power capacities, with a specific emphasis on offshore wind energy projects. The installation and maintenance of wind turbines require extensive welding operations, including the fabrication and installation of support structures and components, where arc welding torches are indispensable tools.
In essence, the Asia Pacific region's dominance in the arc welding torch market can be attributed to the synergistic effects of population growth, urbanization, infrastructure development, automotive industry expansion, and the increasing adoption of renewable energy sources, all of which contribute to a sustained and growing demand for welding equipment and services, particularly arc welding torches.
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Key Market Players
The Arc welding torch market comprises key manufacturers such as are The Lincoln Electric Company (US), ESAB Corporation (US), Illinois Tool Works Inc. (US), Linde Plc (Ireland), Panasonic Corporation (Japan), Fronius International GmbH (Austria), ABICOR BINZEL (Germany), Kemppi Oy (Finland), Tokin Corporation (Japan), and Migatronic A/S (Denmark) are the top manufacturers covered in the arc welding torch market. Expansions, mergers & acquisitions, new product launches and deals were some of the major strategies adopted by these key players to enhance their positions in the arc welding torch market. A major focus was given to the expansions and deals.
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Report Metric |
Details |
|
Market size available for years |
2022–2029 |
|
Base year considered |
2023 |
|
Forecast period |
2024–2029 |
|
Forecast units |
Value (USD Million) |
|
Segments covered |
Wear Parts, Cooling Type, End-use Industries, and Region |
|
Geographies covered |
North America, Asia Pacific, Europe, South America, and Middle East & Africa. |
|
Companies covered |
The Lincoln Electric Company (US), ESAB Corporation (US), Illinois Tool Works Inc. (US), Linde Plc (Ireland), Panasonic Corporation (Japan), Fronius International GmbH (Austria), ABICOR BINZEL (Germany), Kemppi Oy (Finland), Tokin Corporation (Japan), and Migatronic A/S (Denmark) are the top manufacturers covered in the arc welding torch market. |
This research report categorizes the arc welding torch market based on material type, end-use industry, application, and region.
Arc welding torch Market, By Cooling Type
- Air-cooled Torches
- Water-cooled Torches
Arc welding torch Market, By Wear Parts
- Gas Nozzles
- Contact Tips
- Electrodes
- Other wear parts
Arc welding torch Market, By Wear Parts
- Automotive
- Construction
- Shipbuilding
- Power Generation
- Other end-use industries
Arc welding torch Market, By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
Recent Developments
- In March 2024, ESAB and EWI joined forces to advance arc-DED additive manufacturing and SAW processes. This partnership involves ESAB providing robotic and submerged arc welding systems to EWI in Columbus, Ohio. EWI is renowned for its expertise in arc welding processes, particularly arc-directed energy deposition (DED), an advanced additive manufacturing method that uses a robotic arm and different energy sources, such as arc, electron-beam, or laser-beam processes with powder or wire for intricate metal builds. The collaboration aims to improve welding technologies and propel applications across various industries, demonstrating a strong dedication to innovation and progress in welding and fabrication.
- In September 2023, Miller Electric Mfg. LLC launched the Millermatic 142 MIG welder, a lightweight machine in the 140-amp class. This portable MIG welder runs on a standard 120-volt household current and features Auto-Set technology, eliminating the need to manually set voltage and wire feed speed. The Millermatic 142 is suitable for welding applications in various industries like racing, farming, manufacturing, welding education, and training.
- In June 2023, ABICOR BINZEL recently achieved a significant milestone in welding technology by establishing a new subsidiary in Kénitra, Morocco, named ABICOR BINZEL Maghreb.
- In May 2023, Fronius International GmbH recently expanded its production capacity at the Pettenbach (AT) site to meet the growing demand for welding torches. This expansion involves the addition of new production lines and the creation of more job opportunities. The product portfolio now boasts a wide range of MIG/MAG, TIG, and plasma welding torches suitable for manual, stationary, and robot-assisted welding tasks.
- In December 2022, Fujifilm Corporation revealed an intention to build a new facility in South Korea to manufacture advanced semiconductor materials in order to grow the electronic materials industry. Modern evaluation tools and cutting-edge manufacturing capabilities will be available at the new facility, enabling the creation of goods with superior performance.
Frequently Asked Questions (FAQ):
What are arc welding torch?
An arc welding torch is a handheld tool that produces an electric arc to melt and fuse metals together during welding.
What are the commonly used arc welding torch in the welding industry?
The commonly used arc welding torches in the welding industry include TIG Torches (Tungsten Inert Gas), and MIG Torches (Metal Inert Gas).
What are the major end-use industries of arc welding torches?
The major end-use industries of arc welding torches include construction, automotive, power generation, and shipbuilding.
What are the major drivers of the arc welding torch market?
The major driver of arc welding torch in the welding industry is the promising growth of the steel industry, which creates demand for welding equipment and services.
What are the upcoming opportunities in the arc welding torch market globally?
Upcoming opportunities in the arc welding torch market include the development of lightweight and portable torches, which offer increased maneuverability and ease of use for welders, enhancing productivity and flexibility in various welding applications. .
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13 ADJACENT & RELATED MARKETS (Page No. - 274)
The study involved four major activities for estimating the current size of the global arc welding torch market. Exhaustive secondary research was carried out to collect information on the market, the peer product market, and the parent product group market. The next step was to validate these findings, assumptions, and sizes with the industry experts across the value chain of arc welding torch through primary research. Both the top-down and bottom-up approaches were employed to estimate the overall size of the arc welding torch market. After that, market breakdown and data triangulation procedures were used to determine the size of different segments and sub-segments of the market.
Secondary Research
In the secondary research process, various secondary sources such as Hoovers, Factiva, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to, to identify and collect information for this study on the arc welding torch market. These secondary sources included annual reports, press releases & investor presentations of companies; white papers; certified publications; articles by recognized authors; regulatory bodies, trade directories, and databases.
Primary Research
The arc welding torch market comprises several stakeholders in the supply chain, which include raw material suppliers, processors, end-product manufacturers, buyers, and regulatory organizations. Various primary sources from the supply and demand sides of the markets have been interviewed to obtain qualitative and quantitative information. The primary participants from the demand side include key opinion leaders, executives, vice presidents, and CEOs of companies in the arc welding torch market. Primary sources from the supply side include associations and institutions involved in the arc welding torch industry, key opinion leaders, and processing players.
Following is the breakdown of primary respondents
Notes: Other designations include product, sales, and marketing managers.
Tiers of the companies are classified based on their annual revenues as of 2022: Tier 1 = >USD 5 Billion, Tier 2 = USD 1 Billion to USD 5 Billion, and Tier 3= <USD 1 Billion.
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Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the global arc welding torch market. These approaches were also used extensively to estimate the size of various segments of the market. The research methodology used to estimate the market size included the following details:
- The key players in the industry were identified through extensive secondary research.
- The supply chain of the industry and market size, in terms of value, were determined through primary and secondary research.
- All percentage share splits and breakdowns were determined using secondary sources and verified through primary sources.
- All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
- The research includes the study of reports, reviews, and newsletters of key industry players, along with extensive interviews with key officials, such as directors and marketing executives.
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Data Triangulation
After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and sub-segments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all the segments and sub-segments of the arc welding torch market. The data was triangulated by studying various factors and trends from both the demand- and supply-side.
In addition, the market size was validated by using both the top-down and bottom-up approaches. Then, it was verified through primary interviews. Hence, for every data segment, there are three sources—top-down approach, bottom-up approach, and expert interviews. The data were assumed to be correct when the values arrived at from the three sources matched.
Market Definition
Arc welding is a widely used method for fusing metals together in the category of fusion welding. This technique utilizes an electric arc to generate high heat that melts and fuses metals together. A power source is used to create an electric arc between a consumable or non-consumable electrode and the base metal. Arc welders can operate with both direct current (DC) and alternating current (AC), providing flexibility for various welding applications.
The arc welding torch market encompasses the global landscape of devices essential for welding operations across various end-use industries. The arc welding torch, also known as the welding gun or welding torch assembly, is a crucial component of the arc welding process. It consists of several parts, including the handle, trigger, nozzle, and electrode holder. The torch is connected to the power source and guides the electrode to the desired welding location. The electrode, which can be made of various materials such as steel, aluminum, or flux-coated wire, is fed through the torch and is consumed during the welding process. The torch also directs the shielding gas, if needed, to protect the weld area from atmospheric contamination.
Market segmentation within this industry is based on several factors, including cooling types, end-use industries, and wear parts. Different cooling mechanisms, such as air-cooled and water-cooled torches, cater to diverse welding requirements and preferences. Additionally, segmentation by end-use industries reflects the varied applications of arc welding across sectors like automotive, construction, aerospace, and manufacturing. Furthermore, segmentation by wear parts accounts for the replacement and maintenance needs of torch components, ensuring optimal performance and longevity. As welding continues to be an indispensable process across numerous sectors, the arc welding torch market remains dynamic, driven by technological advancements and evolving industrial demands.
Key Stakeholders
- Arc welding torch manufacturers
- Arc welding torch traders, distributors, and suppliers
- End-use industry participants of different segments
- Government and research organizations
- Associations and industrial bodies
- Research and consulting firms
- R&D institutions
- Environment support agencies
- Investment banks and private equity firms
Report Objectives
- To define, analyze, and project the size of the arc welding torch market in terms of value based on wear parts, cooling type, end-use industries and region.
- To project the size of the market and its segments with respect to the five main regions, namely, North America, Europe, Asia Pacific, Middle East & Africa, and South America
- To provide detailed information about the key factors, such as drivers, restraints, opportunities, and challenges, influencing the growth of the market
- To analyze the opportunities in the market for stakeholders and provide a detailed competitive landscape of the market leaders.
- To analyze the competitive developments, such as new product launches, expansions, and acquisitions, in the arc welding torch market
- To strategically profile the key players operating in the market and comprehensively analyze their market shares and core competencies.
Available Customizations
Along with the given market data, MarketsandMarkets offers customizations as per the specific needs of the companies. The following customization options are available for the report:
Product Analysis:
- Product Matrix which gives a detailed comparison of the product portfolio of each company
Regional Analysis:
- Further breakdown of the Rest of Asia Pacific market
- Further breakdown of Rest of Europe market
Company Information:
- Detailed analysis and profiling of additional market players (up to 5)
Growth opportunities and latent adjacency in Arc Welding Torch Market