Welding Guns Market size is slated to surpass USD 40 Billion by the end of 2035, growing at a 6% CAGR during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of welding guns was USD 20 Billion. The increasing demand for the safety of workers is estimated to drive the market growth in the coming years. The growing need for productivity and reduction of errors is propelling the market growth.
The rising demand for welding automation to enhance thermal and overload protection is expected to increase the welding guns market size. Escalating the adoption of portable and compact welding guns is driving market growth during the forecast period. The increase in the economic standards of the countries which rises the production of industrial steel around the world is set to hike the market value. The increasing building of ships, aircraft, and automobiles and the need for general fabrication and maintenance of machinery in end-user sectors is driving the expansion of the market.
|
Base Year |
2022 |
|
Forecast Year |
2023-2035 |
|
CAGR |
~6% |
|
Base Year Market Size (2022) |
~ USD 20 Billion |
|
Forecast Year Market Size (2035) |
~ USD 40 Billion |
|
Regional Scope |
|
Growth Drivers
Challenges
Type (Manual Welding Guns, Innershield Welding Guns, Automatic or Robotic Welding Guns, Specialty Guns)
The manual welding segment is slated to hold 30% share of the global welding guns market during the forecast timeline. The increase in the use of manual welding guns as they are easy to control and the conventional method of welding used for years is estimated to propel the market segment size. The high adoption of welding guns that are manually operated is estimated to impact the market segment expansion owing to the flexibility to handle in any position. The growing manual welding gun applications are estimated to augment the market size as they are affordable and less expensive than automated systems considering the small and middle-class enterprises.
End-user Industry (Heavy Equipment, Automotive & Transportation, Energy & Power, Aerospace, Construction)
The heavy equipment segment in the welding guns market is set to generate a noteworthy growth rate with a revenue share of 25%. The increased use of heavy equipment in the construction and manufacturing sector is estimated to fuel the market size. The rising demand for new welding techniques and advanced equipment to improve the efficiency of work is expected to influence the market segment growth. The growth of the market segment is accounted for by the rising use of heavy equipment in industries that require maintenance and repair with age and functioning. The increasing development of more efficient and high-quality heavy-duty welding tasks is influencing the market size expansion.
Our in-depth analysis of the global market includes the following segments:
|
Type |
|
|
Application |
|
|
End-user Industry |
|
Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.
Customize this Report
North American Market Forecast
North America welding guns market is expected to account for 35% of the revenue share through 2035. The increasing construction activities in the region owing to the development of numerous infrastructures are anticipated to drive the market share. The growing demand for passenger cars among people in the region owing to high disposable income and the development of economic standards is poised to rise growth opportunities in the market. The rise in companies investing in the development of innovative and efficient product strategies to serve the demand from the end-user sectors of the region is stated to drive the market value during the forecast period.
APAC Market Statistics
Asia Pacific region is slated to garner lucrative growth in the welding guns market with a revenue share of 27% owing to the rapid urbanization in the region. The rising industrial count in the region with a growing number of manufacturing, utility, oil & gas industries is expected to have a positive impact on the market expansion. The increasing demand for automated welding guns in the end-user industry to enhance the safety of the employees working in the danger zones of the construction sector and to operate the welding work remotely is predicted to rise the demand for welding guns in the region. The growing number of renovation works going on in the region is augmenting the growth of the market. The demand for commercial vehicles and heavy-duty vehicles with rising imports and exports of equipment is fueling the market growth.
Author Credits: Rushikesh, Richa Gupta
Ans: Increasing demand for robotic welding guns and the rise in the manufacturing sector are the major factors driving the market growth.
Ans: The market size of welding guns is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2023 – 2035.
Ans: The major players in the market are TAYOR, Kent Welding Guns, Panasonic, Illinois Tool Works, NIMAK GmbH CM Industries, Milco Manufacturing, ARO Technologies, Miller Welding, Kemppi, Centerline, and others.
Ans: The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by type, application, end-user industry, and region.
Ans: The manual welding gun segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Ans: High cost of welding guns and increased prices of raw materials are estimated to be the growth hindering factors for the market expansion.
Ans: The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?