Welding Torch and Wear Parts Market Forecast, 2020 - 2030

The welding torch and wear parts market is estimated to surge at a sluggish CAGR of ~3% during the assessment period, as fragmented nature of the market has intensified the competition. The increased supply of welding torch and wear parts has led to a demand shortage. Challenges such as lack of skilled workers and difficulties in staff maintenance are also important factors for low demand. Thus, OEMs (Original Equipment Manufacturers) are offsetting these disadvantages by diversifying their supply for atomic hydrogen welding, TIG (Tungsten Inert Gas) welding, and other applications.

OEMs in the welding torch and wear parts market are increasing their production capabilities of accelerator pedals and introducing fingertip control on the torch to simplify TIG welding.

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