The Global MAG Welding Torches Market Size was estimated at USD 422.26 million in 2022 and is projected to reach USD 618.75 million by 2030, exhibiting a CAGR of 5.61% during the forecast period.

MAG Welding Torches Market Overview:

Increasing demand for metal fabrication in the automotive and transportation industries, general manufacturing, shipyards, etc. is driving the growth of this market. However, the high price of these torches is hindering the growth of this market to some extent as they are expensive compared to other types such as TIG welding torches and wire feeder welders.

A MIG welding torch is a device that provides the necessary heat to create a weld by an arc welding process. The reason it's called MIG is because it creates electricity from the pressure between two electrodes, which uses a metal inert gas (usually argon) and an electric current to create welding heat.

MAG Welding Torches market size, estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global MAG Welding Torches market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.

Major Segments Covered in MAG Welding Torches Market Research:

Market Key Players:
ABICOR BINZEL, Misatu Industries, CLS, ESAB Group, EWM AG, DINSE, Jain Group (ARMAC), Fronius International, Miller Electric, Illinois Tool Works, TBi Industries, TOKIN CORPORATION, The Lincoln Electric Company, Panasonic, SKS Welding Systems, Riconlas, Uniarc, SUMIG, Parweld, Tregaskiss

By Type:

• Water Cooled
• Air Cooled

By Application:

• Aerospace
• Automotive
• Maintenance and Repair
• General Fabrication
• Shipbuilding
• Others

By Region:

The North American market is expected to grow at a significant rate between 2021 and 2030, driven by growing demand for automotive body panels in the United States and growing demand for power generation facilities in Canada. The industry has also increased adoption of water-cooled torches, which consume less energy than air-cooled torches, as the number of shipyards in North America increases.

On the other hand, the Latin American market is expected to grow moderately between 2021 and 2030 due to increased demand for car body panels and power generation facilities in Mexico. We also see more manufacturers here offering affordability as a key selling point, with local competition leading to a competitive pricing approach.

The MIG welding torch market in Europe is expected to register growth (demand will increase) over the forecast period, owing to increasing demand for automotive body panels and increasing demand for electricity in countries such as Germany. Demand from emerging markets in the Middle East and Africa is expected to be low during the forecast period.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Significant Market Dynamics:

Growth Factors:

The growth factors for this market are the strong demand for automated and mechanized manufacturing processes and the increasing adoption of automation technologies in various industries such as automotive and transportation, general manufacturing and shipyards. Preference is shifting towards wire arc cutting technology over thermal cutting due to low cost of equipment ownership associated with maintenance requirements. Increased production orders due to efficiency gains and reduced downtime due to the implementation of automation into manual operating processes; proliferation of downstream industries using MIG torches for welding applications such as pressure vessels, power lines and piping systems; MIG torch ownership has increased due to high demand in the electric arc air-cooled sector.

MAG Welding Torches Market report scope:

Report Attributes	Details
Growth Rate	CAGR of 5.61% from 2022 to 2030.
By Type	Water Cooled, Air Cooled
By Application	Aerospace, Automotive, Maintenance and Repair, General Fabrication, Shipbuilding, Others
By Companies	ABICOR BINZEL, Misatu Industries, CLS, ESAB Group, EWM AG, DINSE, Jain Group (ARMAC), Fronius International, Miller Electric, Illinois Tool Works, TBi Industries, TOKIN CORPORATION, The Lincoln Electric Company, Panasonic, SKS Welding Systems, Riconlas, Uniarc, SUMIG, Parweld, Tregaskiss
Regions and Countries Covered	North America: (US, Canada, Mexico, Rest of North America) Europe(Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe) Asia-Pacific (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific) The Middle East & Africa(Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa) Latin America(Brazil, Argentina, Rest of Latin America) Rest Of the World
Base Year	2022
Historical Year	2017 to 2022
Forecast Year	2023 to 2030

Important Points from this MAG Welding Torches Market Report

• Estimate MAG Welding Torches market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
• Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
• Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
• Get a quick viewpoint on the MAG Welding Torches market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
• Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
• Get complete insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
• Study the sales and distribution channels over key geographies to improve top-line revenues.

Frequently Asked Questions-

What is the CAGR of MAG Welding Torches market?

The MAG Welding Torches Market is growing at a CAGR of 5.61% During Forecast Period.

What are the key types of MAG Welding Torches market?

Water Cooled, Air Cooled

What are the key applications of MAG Welding Torches market?

Aerospace, Automotive, Maintenance and Repair, General Fabrication, Shipbuilding, Others      

Who are the key players in MAG Welding Torches market?

ABICOR BINZEL, Misatu Industries, CLS, ESAB Group, EWM AG, DINSE, Jain Group (ARMAC), Fronius International, Miller Electric, Illinois Tool Works, TBi Industries, TOKIN CORPORATION, The Lincoln Electric Company, Panasonic, SKS Welding Systems, Riconlas, Uniarc, SUMIG, Parweld, Tregaskiss