MAG Welding Torch Market Size, Share, Growth, and Industry Analysis, (Air Cooled, Water Cooled and Others), By Application (General Industry, Construction, Automotive, Energy Industry and Others), Regional Insights, and Forecast To 2032

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MAG WELDING TORCH MARKET REPORT OVERVIEW

The global mag welding torch market size was anticipated to be worth USD 0.43 billion in 2023, projected to reach USD 0.72 billion by 2032 at a 5.5% CAGR during the forecast period.

Metal Inert Gas (MIG) welding, often referred to as Metal Active Gas (MAG) welding, is a type of welding in which metal components are joined using a welding flame. In Europe, "MAG" is a frequently used word, although "MIG" is more generally used in the US. The procedure uses a shielding gas to keep the weld clean from air contamination and a consumable wire electrode that is continually delivered into the weld pool. A key element in the MAG welding procedure is a MAG welding torch. A handle or grip, a trigger or switch to regulate the wire feed, and a nozzle to aim the shielding gas are usually its constituent parts.

COVID-19 Impact: Pandemic Aroused the Demand Fluctuations and Workforce Challenges Havocked the Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

Construction projects, industry activity, and infrastructure development may have been impacted by economic instability and lockdown measures implemented in different countries. The need for welding supplies, such as MAG welding torches, can be directly impacted by shifts in the demand for these industries. Construction sites and manufacturing facilities may have seen lockdowns, social distancing tactics, and personnel interruptions. Welding equipment use may be impacted by changes in working circumstances or a reduction in worker availability.

LATEST TRENDS

"Trend Towards Automation and Digitalization to Propagate the Market Growth"

Automation is becoming more and more common in welding procedures, and MAG welding is no exception. The increasing use of robots and automated systems in conjunction with MAG welding torches is improving productivity and accuracy across a range of sectors. A wider variety of materials and alloys will probably be accommodated by MAG welding torches in the future as industries change and the need for specialty materials rises. This comprises aluminum, high-strength steels, and other unusual materials that are employed in a variety of applications. Digital features are being added to welding equipment, such as MAG welding torches. Connectivity is required for data gathering, processing, and remote monitoring. Control and efficiency are increased with the use of digital interfaces on welding equipment and torches.

MAG WELDING TORCH MARKET SEGMENTATION

• By Type

Based on type the global market can be categorized into air cooled, water cooled and others.

Air-cooled MAG Welding Torch: Heat produced during welding is dispersed by air-cooled torches, which rely on the surrounding air to do it. These torches usually don't require extra parts for water circulation, thus their designs are simpler. more portable and light-weight. simplicity in both functionality and design. cheaper initially than torches that use water cooling.

Water-Cooled MAG Welding Torch: To disperse heat from the torch components, water-cooled torches employ a water circulation system. A water-cooling device and tubing for water circulation are among the extra parts of these torches. Greater heat dissipation capability enables longer welding times and greater amperage. increased duty cycle, which qualifies them for high-amperage or continuous welding.

• By Application

Based on application the global market can be categorized into general industry, construction, automotive, energy industry and others.

General Industry: In metal manufacturing, MAG welding is frequently utilized to assemble structures and component parts. It is used in the manufacturing of numerous metal items, machinery, and equipment. In industrial facilities, MAG welding torches are utilized for maintenance and repair work. They are able to connect or repair metal components fast and efficiently.

Construction: Buildings, bridges, and other structures are frequently constructed using MAG welding. It offers quick and effective structural component welding. Sheet metal is welded using MAG welding in construction for things like HVAC systems, ducts, and roofing.

Automotive: When constructing automobiles, MAG welding is a commonly utilized procedure in the automotive sector. It is utilized throughout the assembling process of body panels, chassis parts, and additional structural components. MAG welding is frequently used in auto repair businesses to replace or repair damaged car panels.

Energy Industry: MAG welding is used in the construction and upkeep of power plants, including the welding of support structures, pipelines, and structural elements. MAG welding is utilized in the oil and gas industry for a variety of structural components, drilling equipment fabrication, and pipeline welding. Solar panels and wind turbines are examples of renewable energy systems whose components are manufactured and assembled using MAG welding.

Others: Ships and other maritime vessels are built and repaired using MAG welding. It is utilized to weld a variety of materials, such as aluminum and steel. Aerospace manufacturers fabricate fuselage sections and structural parts among other aircraft components using MAG welding. Drills, haul trucks, and processing machines are among the mining equipment that is made by MAG welding.

DRIVING FACTORS

"Low Cost and Easy Availability to Nurture the Market Growth"

Due to their low cost and easy availability, MIG Welders have become increasingly in demand in recent years across a variety of application areas, including shipbuilding, offshore platforms, and automotive manufacturing and repair shops. These areas are expected to drive growth over the next seven years or so. The choice of MAG welding torches is influenced by the investment cost as well as the total cost of ownership, which includes consumable and maintenance costs. While water-cooled torches may initially cost more but perform better in some situations, air-cooled torches are often more affordable at first.

"User Friendly Designs and Safety Features to Boom Up the Market Share Profitably"

For welding equipment, manufacturers are putting a lot of emphasis on ergonomic designs and user-friendly interfaces. To increase user comfort and lessen operator fatigue, MAG welding torches with enhanced grips, weight distribution, and user-friendly controls are part of this. MAG welding torches may have cutting-edge safety measures in order to consistently prioritize worker safety. This includes attributes like higher arc visibility, stronger thermal protection, and improved gas shielding systems.

RESTRAINING FACTOR

"Certain Limitations to Environment and Positions to Restrain the Market Growth"

Although MAG (Metal Active Gas) welding torches have many benefits, users should be aware of their limits and other factors. A shielding gas is used in MAG welding to prevent airborne contamination of the weld pool. If appropriate shielding precautions are not used, wind and unfavorable weather conditions might disturb the shielding gas coverage, making MAG welding less appropriate for outdoor applications. Although MAG welding may be done in a variety of configurations, flat and horizontal positions are usually easiest to do. Welding vertically and above may need for significant skill and technique modifications. Hence, such factors are expected to hinder the MAG welding torch market growth during the forecast period.

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MAG WELDING TORCH MARKET REGIONAL INSIGHTS

"North America to Dominate the Market owing to Wide Utilization and Industrialized "

The market is primarily segregated into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.

Over the course of the forecast period, the North America is expected to grow at one of the fastest rates and dominate the MAG welding torch market share. Historically, industrialized areas of North America have made extensive use of MAG welding, sometimes referred to as MIG (Metal Inert Gas) welding. In North America, MAG welding is extensively utilized in the building and industrial sectors. Because of MAG welding's speed and simplicity of usage, the automotive, aerospace, and general fabrication industries frequently rely on it.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

Important industry players have a big impact on the market and are crucial in determining customer preferences and market dynamics. These major firms provide consumers easy access to a vast array of clothing alternatives through their huge retail networks and online platforms. Product adoption has increased as a result of their strong worldwide presence and well-known brand, which has also enhanced consumer trust and loyalty. These industry titans also consistently fund R&D, bringing cutting-edge designs, materials, and clever features to MAG welding torch to meet changing customer demands and preferences. These big businesses' combined efforts have a big impact on the market's future direction and level of competition.

LIST OF TOP MAG WELDING TORCH COMPANIES

• ABICOR BINZEL (Germany)
• ESAB Group (U.S.)
• Lincoln Electric (U.S.)
• Fronius International (Austria)
• Kemppi (Finland)
• Tokin Corporation (Japan)
• Huarui Welding & Cutting Machinery (China)
• North Welding Tools Company (China)
• DINSE (U.S.)
• SUMIG (U.S.).

INDUSTRIAL DEVELOPMENT

• October 2022: The acquisition of Ohio Medical, a world-renowned manufacturer of oxygen regulators and central gas systems for the healthcare sector, was announced by ESAB Corporation.

REPORT COVERAGE

The report includes a thorough SWOT analysis and offers predictions for market growth in the future. It explores a broad range of market categories and possible applications that might have an impact on the market's trajectory in the upcoming years, as well as key aspects that contribute to the market's growth. The research provides a comprehensive overview of the market's components and identifies possible growth opportunities by taking into account both historical turning points and present trends.