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TIG Wire-Global Market Insights and Sales Trends 2025
Synopsis
TIG welding for motorsports. TIG stands for tungsten inert gas and is technically called gas tungsten arcwelding (GTAW). The process uses a non-consumable tungsten electrode that delivers the current to the welding arc. The tungsten and weld puddle are protected and cooled with an inert gas, typically argon.
The global TIG Wire market size is expected to reach US$ 50 million by 2029, growing at a CAGR of 3.0% from 2023 to 2029. The market is mainly driven by the significant applications of TIG Wire in various end use industries. The expanding demands from the Automobile Industry, Heavy Equipment, Railway Wagon and Coaches and Other, are propelling TIG Wire market. HSLA, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the AHSS segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for TIG Wire market, driven by demand from China, the second largest economy with some signs of stabilising, the TIG Wire market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for TIG Wire, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global TIG Wire market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global TIG Wire market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, TIG Wire sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of TIG Wire covered in this report include Lincoln Electric, KLINWELD, Italfil, Novofil Welding Wire, Kobe MIG Wire, DAIDO STEEL and Nevatia steel, etc.
The global TIG Wire market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Lincoln Electric
KLINWELD
Italfil
Novofil Welding Wire
Kobe MIG Wire
DAIDO STEEL
Nevatia steel
Global TIG Wire market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global TIG Wire market, Segment by Type:
HSLA
AHSS
Global TIG Wire market, by Application
Automobile Industry
Heavy Equipment
Railway Wagon and Coaches
Other
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of TIG Wire manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of TIG Wire in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
TIG welding for motorsports. TIG stands for tungsten inert gas and is technically called gas tungsten arcwelding (GTAW). The process uses a non-consumable tungsten electrode that delivers the current to the welding arc. The tungsten and weld puddle are protected and cooled with an inert gas, typically argon.
The global TIG Wire market size is expected to reach US$ 50 million by 2029, growing at a CAGR of 3.0% from 2023 to 2029. The market is mainly driven by the significant applications of TIG Wire in various end use industries. The expanding demands from the Automobile Industry, Heavy Equipment, Railway Wagon and Coaches and Other, are propelling TIG Wire market. HSLA, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the AHSS segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for TIG Wire market, driven by demand from China, the second largest economy with some signs of stabilising, the TIG Wire market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for TIG Wire, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global TIG Wire market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global TIG Wire market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, TIG Wire sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of TIG Wire covered in this report include Lincoln Electric, KLINWELD, Italfil, Novofil Welding Wire, Kobe MIG Wire, DAIDO STEEL and Nevatia steel, etc.
The global TIG Wire market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Lincoln Electric
KLINWELD
Italfil
Novofil Welding Wire
Kobe MIG Wire
DAIDO STEEL
Nevatia steel
Global TIG Wire market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global TIG Wire market, Segment by Type:
HSLA
AHSS
Global TIG Wire market, by Application
Automobile Industry
Heavy Equipment
Railway Wagon and Coaches
Other
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of TIG Wire manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of TIG Wire in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 TIG Wire Market Overview
1.1 TIG Wire Product Overview
1.2 TIG Wire Market Segment by Type
1.2.1 HSLA
1.2.2 AHSS
1.3 Global TIG Wire Market Size by Type
1.3.1 Global TIG Wire Market Size Overview by Type (2018-2029)
1.3.2 Global TIG Wire Historic Market Size Review by Type (2018-2023)
1.3.3 Global TIG Wire Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America TIG Wire Sales Breakdown by Type (2018-2023)
1.4.2 Europe TIG Wire Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific TIG Wire Sales Breakdown by Type (2018-2023)
1.4.4 Latin America TIG Wire Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa TIG Wire Sales Breakdown by Type (2018-2023)
2 Global TIG Wire Market Competition by Company
2.1 Global Top Players by TIG Wire Sales (2018-2023)
2.2 Global Top Players by TIG Wire Revenue (2018-2023)
2.3 Global Top Players by TIG Wire Price (2018-2023)
2.4 Global Top Manufacturers TIG Wire Manufacturing Base Distribution, Sales Area, Product Type
2.5 TIG Wire Market Competitive Situation and Trends
2.5.1 TIG Wire Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by TIG Wire Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in TIG Wire as of 2022)
2.7 Date of Key Manufacturers Enter into TIG Wire Market
2.8 Key Manufacturers TIG Wire Product Offered
2.9 Mergers & Acquisitions, Expansion
3 TIG Wire Status and Outlook by Region
3.1 Global TIG Wire Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global TIG Wire Historic Market Size by Region
3.2.1 Global TIG Wire Sales in Volume by Region (2018-2023)
3.2.2 Global TIG Wire Sales in Value by Region (2018-2023)
3.2.3 Global TIG Wire Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global TIG Wire Forecasted Market Size by Region
3.3.1 Global TIG Wire Sales in Volume by Region (2024-2029)
3.3.2 Global TIG Wire Sales in Value by Region (2024-2029)
3.3.3 Global TIG Wire Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global TIG Wire by Application
4.1 TIG Wire Market Segment by Application
4.1.1 Automobile Industry
4.1.2 Heavy Equipment
4.1.3 Railway Wagon and Coaches
4.1.4 Other
4.2 Global TIG Wire Market Size by Application
4.2.1 Global TIG Wire Market Size Overview by Application (2018-2029)
4.2.2 Global TIG Wire Historic Market Size Review by Application (2018-2023)
4.2.3 Global TIG Wire Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America TIG Wire Sales Breakdown by Application (2018-2023)
4.3.2 Europe TIG Wire Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific TIG Wire Sales Breakdown by Application (2018-2023)
4.3.4 Latin America TIG Wire Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa TIG Wire Sales Breakdown by Application (2018-2023)
5 North America TIG Wire by Country
5.1 North America TIG Wire Historic Market Size by Country
5.1.1 North America TIG Wire Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America TIG Wire Sales in Volume by Country (2018-2023)
5.1.3 North America TIG Wire Sales in Value by Country (2018-2023)
5.2 North America TIG Wire Forecasted Market Size by Country
5.2.1 North America TIG Wire Sales in Volume by Country (2024-2029)
5.2.2 North America TIG Wire Sales in Value by Country (2024-2029)
6 Europe TIG Wire by Country
6.1 Europe TIG Wire Historic Market Size by Country
6.1.1 Europe TIG Wire Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe TIG Wire Sales in Volume by Country (2018-2023)
6.1.3 Europe TIG Wire Sales in Value by Country (2018-2023)
6.2 Europe TIG Wire Forecasted Market Size by Country
6.2.1 Europe TIG Wire Sales in Volume by Country (2024-2029)
6.2.2 Europe TIG Wire Sales in Value by Country (2024-2029)
7 Asia-Pacific TIG Wire by Region
7.1 Asia-Pacific TIG Wire Historic Market Size by Region
7.1.1 Asia-Pacific TIG Wire Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific TIG Wire Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific TIG Wire Sales in Value by Region (2018-2023)
7.2 Asia-Pacific TIG Wire Forecasted Market Size by Region
7.2.1 Asia-Pacific TIG Wire Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific TIG Wire Sales in Value by Region (2024-2029)
8 Latin America TIG Wire by Country
8.1 Latin America TIG Wire Historic Market Size by Country
8.1.1 Latin America TIG Wire Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America TIG Wire Sales in Volume by Country (2018-2023)
8.1.3 Latin America TIG Wire Sales in Value by Country (2018-2023)
8.2 Latin America TIG Wire Forecasted Market Size by Country
8.2.1 Latin America TIG Wire Sales in Volume by Country (2024-2029)
8.2.2 Latin America TIG Wire Sales in Value by Country (2024-2029)
9 Middle East and Africa TIG Wire by Country
9.1 Middle East and Africa TIG Wire Historic Market Size by Country
9.1.1 Middle East and Africa TIG Wire Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa TIG Wire Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa TIG Wire Sales in Value by Country (2018-2023)
9.2 Middle East and Africa TIG Wire Forecasted Market Size by Country
9.2.1 Middle East and Africa TIG Wire Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa TIG Wire Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Lincoln Electric
10.1.1 Lincoln Electric Company Information
10.1.2 Lincoln Electric Introduction and Business Overview
10.1.3 Lincoln Electric TIG Wire Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Lincoln Electric TIG Wire Products Offered
10.1.5 Lincoln Electric Recent Development
10.2 KLINWELD
10.2.1 KLINWELD Company Information
10.2.2 KLINWELD Introduction and Business Overview
10.2.3 KLINWELD TIG Wire Sales, Revenue and Gross Margin (2018-2023)
10.2.4 KLINWELD TIG Wire Products Offered
10.2.5 KLINWELD Recent Development
10.3 Italfil
10.3.1 Italfil Company Information
10.3.2 Italfil Introduction and Business Overview
10.3.3 Italfil TIG Wire Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Italfil TIG Wire Products Offered
10.3.5 Italfil Recent Development
10.4 Novofil Welding Wire
10.4.1 Novofil Welding Wire Company Information
10.4.2 Novofil Welding Wire Introduction and Business Overview
10.4.3 Novofil Welding Wire TIG Wire Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Novofil Welding Wire TIG Wire Products Offered
10.4.5 Novofil Welding Wire Recent Development
10.5 Kobe MIG Wire
10.5.1 Kobe MIG Wire Company Information
10.5.2 Kobe MIG Wire Introduction and Business Overview
10.5.3 Kobe MIG Wire TIG Wire Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Kobe MIG Wire TIG Wire Products Offered
10.5.5 Kobe MIG Wire Recent Development
10.6 DAIDO STEEL
10.6.1 DAIDO STEEL Company Information
10.6.2 DAIDO STEEL Introduction and Business Overview
10.6.3 DAIDO STEEL TIG Wire Sales, Revenue and Gross Margin (2018-2023)
10.6.4 DAIDO STEEL TIG Wire Products Offered
10.6.5 DAIDO STEEL Recent Development
10.7 Nevatia steel
10.7.1 Nevatia steel Company Information
10.7.2 Nevatia steel Introduction and Business Overview
10.7.3 Nevatia steel TIG Wire Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Nevatia steel TIG Wire Products Offered
10.7.5 Nevatia steel Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 TIG Wire Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 TIG Wire Industrial Chain Analysis
11.4 TIG Wire Market Dynamics
11.4.1 TIG Wire Industry Trends
11.4.2 TIG Wire Market Drivers
11.4.3 TIG Wire Market Challenges
11.4.4 TIG Wire Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 TIG Wire Distributors
12.3 TIG Wire Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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