The Global MIG Torch Market size is projected to grow at a CAGR of 4.2% from 2021 to 2028. Asia Pacific will be the fastest-growing region in terms of revenue generation for this period and has been witnessing robust growth owing to increasing demand for MIG torches in developing countries such as India and China due to their industrial expansion programs.
MIG Torch is a device that helps the MIG (Metal Inert Gas) welding process to become smoother and more efficient. This tool can also be used for gas tungsten arc welding, plasma cutting, or other processes where heat needs to be generated at high temperatures in order to melt metal.
On the basis of Types, the market is segmented into Handheld MIG Torches, Automatic MIG Torches, and Others.
Handheld MIG torches are used in the welding of thin-gauge materials. These devices use a gas metal arc to produce high heat at a lower voltage, leading to higher productivity and more stable welds.
Automatic MIG Torches are devices that can be used to weld metal parts without human supervision. These torches use electricity, compressed air, inert gas to generate a plasma arc which is directed at pieces of metal in order to fuse them together into one continuous piece of material.
On the basis of Application, the market is segmented into Automotive, Electronics, Machinery, and Others. The market for the automotive application is expected to witness significant growth during the forecast period owing to increasing demand from various end-use industries such as railway equipment, power generators, and transformers.
The use of MIG torches in the Automotive industry includes welding components. Welding is one of the most commonly used processes to join two pieces together. The demand for electric arc equipment such as automatic and handheld MIG torches has risen substantially over the past few years due to their high reliability, low costs, versatile applications, and customization capabilities.
MIG torches are widely used in the field of electronics. MIG torches help to remove anything that is over-bonded or stuck on a surface and cannot be removed by hand, which includes heat staking and hot air tools. They can also be utilized for soldering applications such as joining metals together through melting metal components with the application of heat from an electric arc between these two surfaces.
MIG torches are widely used in the welding industry for their high power and reliability. Apart from this, they have a flexible wire handling system which makes them more convenient as compared to other electrical-based machines. They can be operated using different gas valves depending upon what type of metal is being welded.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The European region has been considered as one of the most important markets for MIG Torch in terms of revenue generation across the world due to its extensive industrial base, rapid urbanization following increasing demand from key end-use industries such as automotive & transportation.
The growth of the global MIG torch market is majorly driven by factors such as a rise in demand for electric arc welding, increasing use of robotic arm systems & automation to cut fabrication costs, and the growing need for high-quality welds. There are several benefits associated with MIG torches that have led to their widespread adoption. They include low cost per foot, reduced cycle time due to faster processing speed, compactness (due to no slag pool), and higher deposition rates compared with other types of industrial torches that are currently available in the market.
Up Market Research published a new report titled “MIG Torch Market research report which is segmented by Types (Handheld MIG Torches, Automatic MIG Torches), By Applications (Automotive, Electronics, Machinery, Others), By Players/Companies ESAB, Tregaskiss, Binzel, American Weldquip, CM Industries, Mipalloy, CLS, Parweld, Dinse, MillerWelds, Bernard, Tweco, Tregaskiss, OTC, MK Products”.
Report Attributes | Report Details |
Report Title | MIG Torch Market Research Report |
By Type | Handheld MIG Torches, Automatic MIG Torches |
By Application | Automotive, Electronics, Machinery, Others |
By Companies | ESAB, Tregaskiss, Binzel, American Weldquip, CM Industries, Mipalloy, CLS, Parweld, Dinse, MillerWelds, Bernard, Tweco, Tregaskiss, OTC, MK Products |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 234 |
Number of Tables & Figures | 164 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Handheld MIG Torches, Automatic MIG Torches and By Application Automotive, Electronics, Machinery, Others.
Some of the companies that are profiled in this report are:
MIG Torch Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the MIG Torch 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 2028.
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