Subscribe Supplier Directory
Advertisement
Advertisement
Advertisement
Advertisement
Home / Robotic Welding Torch Sales Soar

Robotic Welding Torch Sales Soar

The shift to automation continues for superior weld quality and improved output.

Advertisement
Advertisement

According to a new report by Persistence Market Research (New York, NY), the global welding torch market that was valued at approximately $2.5 billion in 2014 is now projected to grow to $3.1 billion by the end of 2019, with continuing anticipated compound annual growth of about six percent from 2019 to 2029 that is projected to reach a global value of $5.6 billion by the end of 2029. Additionally, this market is estimated to create incremental monetary opportunities of $2.5 billion over this forecast period. According to the analysis done in the report, this remarkable growth owes to increasing demand from end-use industries, such as general fabrication, automotive, and transportation sectors.

The increase in production by general fabrication, automotive, transportation, energy sector, shipyards, offshore, yellow goods and other sectors have led to a significant growth in the demand for robotic welding torches that can integrate to increase the efficiency and production of manufacturing and general fabrication operations. This automated process allows the operator to maintain weld integrity using electronic weld processing for better weld quality, low labor costs and increased output that defines the expected development of the global welding torch market throughout the forecast period of 2019-2029.

ROBOTIC WELDING OPERATIONS GATHERING PACE
The global welding torch market is segmented by product type into MIG/MAG welding, TIG welding and plasma welding. MIG/MAG welding is attractive due to the high welding speed and provides opportunity for rational welding of materials that are difficult to weld. TIG welding can be a slow welding process, but if done with the right procedure and technique, it produces the highest quality weld and is mainly used for welding metals, critical weld joints, and small welds when possible. Plasma welding is used for welding thin sheet metals.

On the basis of the welding operation, the welding torch market is segmented into manual welding and robotic welding processes. Manual welding is controlled manually with the equipment at the welding conditions, while automated programmable tools are used to automate the robotic welding process. The robotic welding segment is expected to hold more than half of the market size because of its increased output with less scrap and great efficiency.

The global welding torch market is also segmented into water-cooled and air-cooled systems. Repair industries and fabrication industries benefit more from water-cooled systems that can handle the heat of the application. By end use, the global welding torch market is segmented into automotive and transportation, shipyards and offshore, general fabrication, and energy and yellow goods. The general fabrication segment is anticipated to hold nearly one-third of the market size due to its various applications.

WELDING TORCH MARKET COMPETITION ANALYSIS
The global welding torch market is fragmented because of the presence of several local and regional players across the globe. The study breaks up the market structure into two levels for in-depth analysis that includes Tier 1 and Tier 2. Emerging players are estimated to possess approximately 25 percent of the share in the global market. Moreover, business acquisitions, expansions and collaboration strategies are being adopted by the key players in emerging markets. Prominent market players include:

  • EWM AG
  • Illinois Tool Works Inc.
  • The Lincoln Electric Company
  • ESAB
  • TBi Industries GmbH
  • Tokin Corporation
  • Fronius International GmbH
  • SKS Welding Systems
  • Parweld Ltd, DINSE Inc.
  • SUMIG USA Corporation
  • Oximig Do Sul
  • Tregaskiss
  • Bernard
  • Uniarc Ltd
  • Panasonic Welding
  • Miller Electric Mfg. LLC
  • Abicor Binzel USA, Inc.
  • Tweco

www.persistencemarketresearch.com

0 Comments

Leave a Comment:

Calendar & Events
Mid-South Design-to-Part Show
May 20 - 21, 2020
Music City Center – Nashville, TN
Southern New England Design-2-Part Show
June 3 - 4, 2020
Mohegan Sun Exposition Center, Uncasville, CT
Northern California Design-2-Part Show
June 10 - 11, 2020
Santa Clara Convention Center – Santa Clara, CA
Southeast Design-2-Part Show
June 17 - 18, 2020
Cobb Galleria Centre – Atlanta, GA
IMTS 2020
September 14 - 19, 2020
McCormick Place – Chicago, IL
FABTECH 2020
November 18 - 20, 2020
Las Vegas Convention Center – Las Vegas, NV
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement