Insights revealed by the latest assessment on welding guns market portray substantial gains, with the market expanding at over 5% CAGR from 2021 to 2031.
Demand growth will witness steady recovery in short-term, with optimistic growth outlook in the long-run. Surge in demand from semiconductor industry will create opportunities in near future.
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What are Dynamics for Welding Guns Market
Welding guns market is directly dependent on the requirement for welding process. Welding processes have substantial application for metal fabrication in manufacturing industries including automotive, marine, aerospace, railways, general fabrication, energy, building and construction, etc.
The demand is estimated to increase at a significant pace owing to increasing industrial production and manufacturing activities.
Welding guns generally have tips and nozzles that are easier for cleaning and changing, this makes them suitable for high-volume welding operations.
Some guns comes with necks that have ability to rotate or bend enabling the welder to reach difficult joint angles without causing wrist strain.
The demand for passenger cars is increasing and leading towards growing automotive production and automotive aftermarket as well. Automotive manufacturing requires welding operations in remarkable extent which is likely to drive the demand for welding process and subsequently welding guns during the forecast period.
One of the challenging factors restraining the growth of welding guns market is slow rate of adapting newer welding technologies.
Cost-sensitivity is the factor hampering investments in advanced welding technologies in developing countries.
The advanced welding technologies such as automated welding machines are getting commissioned in developed countries.
However, employing these technologies in developing economies is remarkably lower due to high costs of products and low investments availability.
Rapid urbanization is the crucial factor boosting the constructional requirements. Besides continuous innovation in welding technologies for welding complex and large structures in construction industry is fuelling the growth of welding guns market.
Sales to Recover Sharply Post the Containment of Pandemic
The ongoing crisis of COVID-19 has severely hit the global economy.
The impact of pandemic have compelled results in national lockdowns causing the complete shutdown of the production activities and supply chain networks across the globe consequently affecting the welding guns market severely.
However, the market is expected to witness sharp recovery as the economic activity resumes post the containment of the pandemic.
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East Asia Welding Guns Market growth Outlook
With the blooming industrial sector, including manufacturing, construction, utilities, and oil & gas, demand for welding processes, subsequently Welding guns, in the global market is expected to rise during the forecast period. Countries in East Asia region such as China, Taiwan, Japan and South Korea are expected to witness high demand for welding processes in the upcoming years.
On account of the early adopters of robotic based welding as well as conventional methods is projected to remain a dominant share in the global market. Moreover, the three countries being the prominent industrial production hubs also poses a favorable market for welding guns.
Europe Demand Potential
Companies from East Asia, U.S. and domestic states are poised for shifting their production facilities in the region.
Significant growth in the Eastern and Central Europe regions are also anticipated to witness significant growth in the demand for Welding processes, subsequently contributing to the global Welding guns market during the forecast period.
Who are the Key Manufacturers and Suppliers of Welding Guns
Some of the leading manufacturers and suppliers include
- Lincoln Electric
- Kent Welding guns
- Carl Cloos Schweisstechnik GmbH
- NIMAK GmbH
- CM Industries
- Milco Manufacturing
- ARO Technologies
- Miller Welding
- Centerline among others.
Many leading manufacturers are focused on establishing their manufacturing facilities in the countries from Asia Pacific such as India, China, Thailand, and Taiwan to cater increasing demand in the region.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
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By Product Type:
- Robotic Guns
- Manual Guns
- Innershield Guns
- Specialty guns
By Welding Type:
- Spot Welding
- Arc Welding
By End Use Industry:
- Metal Fabrication
- Buildings and Construction
- Oil and Gas