According to the report published by Future Market Insights, the welding guns market is anticipated to attain a value pool of US$ 20 billion by 2023-end. Global demand for Welding Guns is expected to rise at a CAGR of 5.8% to US$ 35 billion in 2033.
Increasing Preference for Automated Welding Guns to Drive the Market Growth
Growing Demand for Portable and Compact Welding Guns
Increasing Adoption of Robotic Welding Guns in Industrial Applications
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | US$ 20 billion |
| Projected Market Value in 2033 | US$ 35 billion |
| Growth Rate (2023 to 2033) | 5.8% CAGR |
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Insights revealed by the latest assessment on the welding guns market portray substantial gains, with the market expanding at over 5% CAGR from 2021 to 2031. Demand growth will witness a steady recovery in the short term, with an optimistic growth outlook in the long run. The surge in demand from the semiconductor industry will create opportunities in near future.
Welding guns market is directly dependent on the requirement for welding process. Welding processes have substantial applications 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 come with necks that have the 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 to growing automotive production and the automotive aftermarket as well. Automotive manufacturing requires welding operations to a 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 the slow rate of adapting newer welding technologies. Cost sensitivity is the factor hampering investments in advanced welding technologies in developing countries.
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 the high costs of products and low investment availability.
Rapid urbanization is the crucial factor boosting the constructional requirements. Besides continuous innovation in welding technologies for welding complex and large structures in the construction industry is fuelling the growth of welding guns market.
Principal Consultant
The ongoing crisis of COVID-19 has severely hit the global economy. The impact of pandemic has compelled results in national lockdowns causing the complete shutdown of production activities and supply chain networks across the globe consequently affecting the welding guns market severely.
However, the market is expected to witness a sharp recovery as economic activity resumes post the containment of the pandemic.
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 the 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 pose a favorable market for welding guns.
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Companies from East Asia, the USA, and domestic states are poised for shifting their production facilities in the region. Significant growth in the Eastern and Central Europe regions is also anticipated to witness significant growth in the demand for Welding processes, subsequently contributing to the global Welding guns market during the forecast period.
Some of the leading manufacturers and suppliers include
Many leading manufacturers are focused on establishing their manufacturing facilities in the countries from the Asia Pacific such as India, China, Thailand, and Taiwan to cater to increasing demand in the region.
The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
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Welding Guns Market
