Global MAG Welding Torches Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global MAG Welding Torches Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Metal Active Gas (MAG) welding, a type of gas metal arc welding, is a welding process where an electric arc is created between a consumable wire electrode and the material to be joined. MAG welding uses active shielding gases, primarily for the welding of steels. These shielding gases are mixtures of carbon dioxide, argon and oxygen. Commonly, a MAG welding torch includes the connection between the torch and the union nut plus the shielding gas hosepack, as well as the various conduits, such as the protective hose, water inlet and outlet for water-cooled torches, power cable, gas hose, and inner liner.

Market Overview:

The latest research study on the global MAG Welding Torches market finds that the global MAG Welding Torches market reached a value of USD 546.27 million in 2022. It’s expected that the market will achieve USD 684.86 million by 2028, exhibiting a CAGR of 3.84% during the forecast period.

Covid-19s negative impact

The Covid-19 pandemic has created a number of challenges for industrial manufacturers globally, particularly those who rely on workers whose jobs cannot be carried out remotely. Amid plummeting oil prices and demand, supply chain bottlenecks, slowing spending and volatile credit markets, some companies have closed facilities and are considering the extent of layoffs to help contain the spread of the virus, as well as for economic reasons. Clearly, the manufacturing sector has been hard hit by the outbreak for two main reasons. First, many manufacturing jobs are performed on site and cannot be performed remotely. Second, the slowdown in economic activity has reduced the demand for MAG welding torches globally. For MAG welding torches suppliers, the suspension or slowdown of production activity in downstream companies will reduce demand for MAG welding torches. At the same time, for companies that adopt a global supply chain strategy, the outbreak of COVID-19 has hampered the supply of raw materials.

Growing Industrialization

MAG welding torch industry is quite relevant to the welding industry. MAG welding torches have advantages: the weld seam is protected against oxidation. No slag is formed. The working speed is very high. This results in less heat influence of the surrounding material. This method can be used in all welding positions. Because of these special advantages, it is the most used welding method today. With the downstream market for welding torch tool safety, portability requirements continue to improve, the emerging welding torch is expanding. MAG welding torch is a relatively mature product in Europe and North America, widely used in construction, installation, shipbuilding, transportation and other industries.

Fierce competition

The MAG welding torch market is dominated by international brands such as ABICOR BINZEL, ESAB Group, Lincoln Electric, Fronius International, etc. The MAG welding torch industry is highly competitive, with companies mainly from Europe and North America, most of which have been operating in the local and global markets for a long time. Most of the companies have been operating in the local and global markets for a long time, and their brand strategies and sales channels are mostly mature and accepted by consumers. North America and Europe are still the major markets for MAG welding torch. And the mature markets in these countries can lead to low market growth rates.

Region Overview:

In 2021, the share of the MAG Welding Torches market in Europe stood at 41.04%.

Company Overview:

ABICOR BINZEL is one of the major players operating in the MAG Welding Torches market, holding a share of 14.17% in 2021.

ABICOR BINZEL

Founded in 1945, ABICOR BINZEL early specialized in the development and production of inert-gas shielded welding and cutting torches for MIG/MAG, TIG and plasma processes.

ESAB Group

The ESAB Group produces welding tools and equipment. The Company products include filler metals, mechanized cutting systems, gas apparatuses, arc welding equipment, plasma cutters, friction stir welders, automated welding systems, and steel scarfing machines. The ESAB Group offers its products around the world.

Segmentation Overview:

As for product types, the Air Cooled segment held the largest market share in 2021.

Air Cooled

Air-cooled torches are cooled by air; they use the ambient air and shielding gas to dissipate the heat.

Water Cooled

In a water-cooled torch, the cooling solution comes through the hoses and circulates through the body and consumables of the torch and then back to the cooler where the heat is absorbed. Water-cooled designs are often more durable and boast better handling.

Application Overview:

By application, the General Industry segment occupied the biggest share from 2017 to 2022.

Key Companies in the global MAG Welding Torches market covered in Chapter 3:

Golden Globe Welding and Cutting
Fronius International
Lorch
Panasonic Welding Systems
ABICOR BINZEL
Tokin Corporation
CLOOS
DINSE
Illinois Tool Works
EWM
Kemppi
Parker Torchology
Lincoln Electric
INNOTEC
Huarui Welding & Cutting Machinery
ESAB Group
Migatronic
North Welding Tools Company

In Chapter 4 and Chapter 14.2, on the basis of types, the MAG Welding Torches market from 2018 to 2029 is primarily split into:

Air Cooled
Water Cooled

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the MAG Welding Torches market from 2018 to 2029 covers:

General Industry
Construction
Automotive
Energy Industry
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)