Published on : Jun 25, 2020
ResearchMoz.us has announced the addition of a report, titled “Welding Torch and Wear Parts Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027”. The report on the global Welding Torch and Wear Parts market offers an elaborate assessment of key growth trends and drivers, recent developments in the market, the competitive ecosystem, and opportunity and challenges analysis. Segments in the report are created by product type and application.
The report looks into some very significant aspects of the market. First, it looks into the key trends that are driving growth in the global welding torch and wear parts market. Two, it defines the growth numbers and other notable figures to provide market players with a fair view of the growth dynamics and outlook over the forecast period. Thus, it also provides future scope and a peek into trends and drivers that will determine the trajectory that the market charts over the forecast period. Also, profiling of key players, with strategies, pricing and other significant information is also added to the report.
Also, it is worth noting here that an extensive research, using both primary and secondary means, has been conducted in order to prepare the global welding torch and wear parts for the forecast period of 2019 to 2027.And, these include interviews with industry experts and web sources respectively. A heavy literature relating to market dynamics, players, strategies, way forward, industry associations has been looked into to put forth the most incisive details out.
It is worth noting at this point that the global welding torch and wear parts market is a fragmented competitive landscape owing to numerous players flexing their might in order to maintain and improve their market share. Players identified as key and notable are Ador Welding Ltd., Colfax Corporation, ABICOR BINZEL, Harris Products Group, American Torch Tip, Panasonic Industry, Bernard, Dinse, EWM AG, Fronius International GmbH, Migatronic A/S, Oximig, Parweld Ltd, Riconlas, SKS Welding Systems, Sumig, TBi Industries GmbH, Welding Engineers, The Lincoln Electric Company, Trafimet Group Spa, Uniarc, and Tokin Corporation.
One of the strategies that players are relying upon are new product launches at shorter intervals as the better the product, the higher the demand, and better the market share. Thus, it does not really come as a surprise that most products that emerge from the market landscape have short development cycles.
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In 2018, a number of companies improved upon their products. One of the major one is ESAB Welding and Cutting Products that worked on improving iSeries systems in high precision plasma segment. In the same year, ABICOR BINZEL launched ABIPLAS WELD CT/MT. The ratings were up to 300 A. And, once again, in the same year, CleanCut Nozzles Technology was given US Patent 10,129,970. In 2019, MIG Gun Solutions were showcase by Bernard and Tregaskiss.
Region-wise, Asia Pacific, will dominate the global welding torch and wear parts market owing to enviable sales of vehicles that will be noted over the forecast period. Both passenger and commercial vehicles will see an upward demand curve over the forecast period in the region, fueled by rising disposable income. There also other end-use industries with a very strong presence in the region that will contribute positively to the growth of global welding torch and wear parts market. It is worth noting here that the region is a prominent manufacturing hub. And, this will have positive consequences for the region in the global welding torch and wear parts market.