According to a new report published by Introspective Market Research, titled, “North America MIG & TIG Welding Consumables and Equipment Market by Product Type, Welding Process, End User Industry, Distribution Channel: Opportunity Analysis and Industry Forecast, 2024–2032,” the North America MIG & TIG Welding Consumables and Equipment market size was valued at USD 1172.34 million in 2023, and is projected to reach USD 1908.76 million by 2032, registering a CAGR of 5.57% from 2024 to 2032.
The market for TIG (Tungsten Inert Gas) and MIG (Metal Inert Gas) welding supplies and equipment has seen significant growth, fuelled by the rising application of advanced welding technologies across multiple industries. Welding, a crucial part of manufacturing, involves using heat and filler materials to unite metals.
MIG and TIG welding are two frequently utilized methods that use shielding gases and filler materials to produce strong, durable welds. The choice between MIG and TIG welding depends on aspects such as the material type, its thickness, and the required precision. This tendency influences the need for specific materials and tools that are crucial for producing high-quality welds and ensuring operational efficiency. MIG welding, referred to as Gas Metal Arc Welding (GMAW), utilizes a continuously supplied consumable wire electrode via the welding gun to create a weld pool. This wire serves as both the electrode and filler material, leading to a highly effective process
The North America MIG & TIG Welding Consumables and Equipment Market is segmented into Product Type, Welding Process, End User Industry, and Distribution Channel. By PRODUCT TYPE, the market is categorized into MIG Guns, MIG Consumables (Contact Tips, Nozzles, Diffusers, Liners), Robotic MIG Torches, TIG Consumables (Collets and Collet Bodies, Nozzles and Cups), TIG Torches. By Welding Process, the market is categorized into MIG WELDING, and TIG Welding. By End User Industry, the market is categorized into Construction and Infrastructure, Automotive and Transportation, Aerospace and Defense, Energy and Power, Shipbuilding and Marine, Others. By Distribution Channel, The Market Is Categorized into Direct, Indirect.
The expansion of infrastructure development is a vital factor propelling the North America MIG (Metal Inert Gas) and TIG (Tungsten Inert Gas) welding supplies and equipment sector. Major infrastructure developments, including the building of bridges, highways, railroads, and urban structures, are boosting the need for premium welding solutions. MIG and TIG welding, recognized for their accuracy and capability to work with various materials such as aluminum, steel, and stainless steel, play a crucial role in the production and upkeep of infrastructure parts, guaranteeing longevity and safety. Government programs are crucial to this advancement. For instance, the U.S. Infrastructure Investment designates more than US$1 trillion for infrastructure initiatives, increasing the need for items such as wires, electrodes, and shielding gases. These welding materials, paired with modern tools, are essential for effective and long-lasting construction that meets strict safety regulations.
Innovations in Welding Materials for MIG (Metal Inert Gas) and TIG (Tungsten Inert Gas) welding products and equipment in North America are experiencing significant growth opportunities, driven by technological improvements that are transforming the welding industry. Companies like TIP TIG, Novarc Technologies, and Cavitar are pushing the boundaries of welding accuracy, efficiency, and speed, which is directly influencing the need for advanced consumables and equipment in the sector. For instance, TIP TIG’s advanced wire feed technology is enhancing traditional TIG welding methods by boosting deposition rates and reducing heat input, making it an excellent option for high-precision uses. This development improves efficiency and reduces the chances of heat-related issues like warping or distortion, making a compelling case for the adoption of advanced welding consumables.
North America MIG & TIG Welding Consumables and Equipment Market, Segmentation
North America MIG & TIG Welding Consumables and Equipment market is segmented based on Product Type, Welding Process, End User Industry, Distribution Channel.
Product Type:
The Product Type segment is further classified into MIG Guns, MIG Consumables (Contact Tips, Nozzles, Diffusers, Liners), Robotic MIG Torches, TIG Consumables (Collets and Collet Bodies, Nozzles and Cups), TIG Torches. Among these, the MIG Consumables (Contact Tips, Nozzles, Diffusers, Liners). The MIG welding supplies, encompassing components such as contact tips, nozzles, diffusers, and liners, are shaped by advancements in technology and the increasing adoption of automated welding systems throughout North America. As the focus on improving weld quality, productivity, and operational efficiency intensifies, the demand for high-performance consumables tailored for specific applications is rising. In North America, industries such as automotive, aerospace, and construction significantly utilize MIG and TIG welding tools and materials, prompting market growth. The shift towards automated and robotic welding systems has significantly influenced the design and manufacturing of MIG consumables. Robotic applications benefit from consumables such as chrome zirconium contact tips and HDP contact tips due to their longevity and resistance to wear, making them ideal for high-duty-cycle and high-precision jobs.
Welding Process:
The Welding Process segment is further classified into MIG Welding, and TIG Welding. Among these, the MIG Welding sub-segment is anticipated to show the fastest growth by 2032. MIG welding has become one of the most common and versatile welding techniques, providing speed, efficiency, and dependability, which makes it highly favored across various industries. The technique, which utilizes a disposable wire electrode and shielding gas, is perfect for elements of both thin plates and thick parts. As technology has progressed, MIG welding has expanded its applications, ranging from creative projects and individual pursuits to extensive industrial manufacturing, making it readily available for enthusiasts, agricultural workers, and experts. A notable development in MIG welding is the ongoing progress of consumables and equipment, particularly in North America. The rise in MIG welding demand is attributed to its versatility and ability to work with different metals, including steel, aluminum, and stainless steel. The process has been improved by using different shielding gases, such as the 75% argon/25% carbon dioxide blend (C25), ideal for carbon steel, and pure CO2, which allows for deeper penetration but generates more spatter.
Country:
The North America MIG & TIG Welding Consumables and Equipment market in U.S is projected to show the fastest growth by 2032. In the United States, the market for MIG and TIG welding tools and supplies was estimated at USD 917.12 million in 2023 and is projected to reach USD 1,484.98 million by 2032, reflecting a compound annual growth rate (CAGR) of 5.50% during the forecast period from 2024 to 2032. The United States exhibits unmatched superiority in areas such as defense, construction, and automotive manufacturing, resulting in considerable demand for cutting-edge technologies like MIG (Metal Inert Gas) and TIG (Tungsten Inert Gas) welding tools and materials. With about 4,012 functioning aircraft in the U.S. Navy and 5,500 combat jets in the U.S. Air Force, accurate production is essential. MIG and TIG welding methods are essential for preserving the structural integrity and functionality of military-grade parts. Likewise, the operational fleet of more than 1,000 strike fighters in the Navy highlights the necessity for advanced welding techniques to produce robust and efficient aircraft components.
Some of The Leading/Active Market Players Are-
- Lincoln Electric
- Esab
- Illinois Tool Works Inc.
- Mk Products
- American Torch Tip
- American Weldquip
- Abicor Binzel
- Cm Industries
- Ck Worldwide, Inc.
- Fronius International Gmbh
- Profax
- Astaras
- Southweld
- Inweld Corporation, and Other Active Players,
Key Industry Developments
- In June 2024, ESAB Corporation, a focused premier industrial compounder, announced that it has entered into a distribution agreement with INFRA Group to expand the availability of ESAB’s differentiated solutions by offering its welding and gas control equipment to customers in Mexico. Founded in 1919, INFRA Group is a leading Mexican provider of industrial and medical gases, welding machines, and a diverse range of welding products.
- In May 2024, ESAB Corporation a leading global industrial compounder, announced its agreement to acquire Linde Industries Private Limited (LIPL), a prominent provider of welding consumables and equipment in Bangladesh. This acquisition marks ESAB’s third strategic move this year, aimed at expanding its presence in high-growth markets. Shyam P. Kambeyanda, President and CEO of ESAB Corporation, expressed enthusiasm for the deal, stating, “Bangladesh is a fast-growing and attractive market.
Key Findings of the Study
- The market was valued at USD 1172.34 million in 2023 and is projected to reach USD 1908.76 million by 2032, growing at a 5.57% CAGR.
- Government initiatives like the U.S. Infrastructure Investment Plan are driving demand for welding consumables and equipment.
- Innovations such as TIP TIG’s wire feed technology are boosting efficiency, accuracy, and adoption of MIG and TIG welding tools.
- MIG consumables, including contact tips and nozzles, dominate the market due to their role in automated welding systems and high-precision applications.