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ALBANY, N.Y., Jan. 11, 2021 /PRNewswire/ The demand for welding torches is anticipated to rise with increased production in sectors like shipyards transportation, yellow goods, energy, general fabrication, and automotive. Rising disposable income has generated increased demand for automotives, which has led to augmented production of commercial and passenger vehicles. There has been better road connectivity to ensure improved transport and commuting facilities. These factors are estimated to trigger growth of the global welding torch and wear parts market over the forecast timeframe, from 2020 to 2030.
Technological progress made in the welding torches, such as introduction of technologically advanced Flexlite torches by Finnish company Kemppi Oy is expected to work in favor of the market. New products are bringing in more comfort, precision, and speed, thereby favoring development of the global welding torch and wear parts market in the ye