Growing Demand for Welding Guns from Various End-Use Industries to Foster the Growth of the Global Welding Guns Market by 2031

Welding is a vital process in the field of metalwork, allowing for the fusion of two or more materials to create a strong and durable bond. A welding gun is an indispensable tool that provides the required amount of heat and electricity to create a successful weld.

Welding guns come in different variations, each designed for specific welding techniques and applications. The two most used types are MIG (Metal Inert Gas) and TIG (Tungsten Inert Gas) welding guns. MIG guns are widely used due to their versatility and ease of use. They employ a consumable wire electrode that continuously feeds through the gun, melting, and fusing the base metals. On the other hand, TIG welding guns utilize a non-consumable tungsten electrode to create an arc. They are favored for their precision and ability to weld various metals, including stainless steel and aluminum. TIG welding guns find applications in industries such as aerospace, electronics, and sculpture, where aesthetic and precise welds are crucial. 

Forecast Analysis of the Global Welding Guns Market

According to the report published by Research Dive, the global welding guns market is anticipated to generate a revenue of $327.2 million and rise at a CAGR of 5.6% during the analysis timeframe from 2022-2031.

The increasing demand for welding guns from various end-use industries such as construction, automotive, aerospace, and shipbuilding for a variety of applications such as maintenance of structures and equipment, repair, and many more are predicted to foster the growth of the welding guns market throughout the analysis timeframe. Moreover, the increasing demand for safety-focused equipment in the welding industry for workers and employers due to the increasing awareness of hazards associated with welding among them is expected to create immense growth opportunities for the welding guns market over the estimated period. However, the high initial cost of welding guns may hinder the growth of the market during the forecast period. 

The major players of the welding guns market include OBARA CORP., Arm Welders, Milco Manufacturing, Düring Schweißtechnik GmbH, ESAB, The Lincoln Electric Company, Stellantis N.V., Miller Electric Mfg. LLC, NIMAK GmbH, ABICOR BINZEL, and many more.

Welding Guns Market Key Developments

The key companies operating in the industry are adopting various growth strategies & business tactics such as partnerships, collaborations, mergers & acquisitions, and launches to maintain a robust position in the overall market, which is subsequently helping the global welding guns market to grow exponentially.

For instance,

• In August 2022, Miller Electric Mfg. LLC, a leading American-based arc welding and cutting equipment manufacturing company, announced its partnership with Part Analytics, a Venture-backed startup focused on transforming direct material procurement by digitizing manual processes. With this partnership, the companies aimed to help various organizations overcome supply chain changes and promote new equipment development including welding guns.
   
• In October 2022, Lincoln Electric Holding Inc., a global manufacturer of welding products, arc welding components, welding consumables, and many more, announced the launch of its new product, namely, the POWER MIG 211i MIG welder. It is a rugged 200-amp machine that is designed for flux-cored, MIG, and spool-gun welding.
   
• In February 2023, Stellantis, a multinational automotive manufacturing corporation, announced to make investments in Indiana Transmission, Kokomo Transmission, and Kokomo Casting Plants to manufacture new electric drive modules that will help power future electric vehicles assembling in North America. 

Most Profitable Region

The Asia-Pacific region of the welding guns market held the maximum market share in 2021. This is mainly because of the growing demand for welding guns across various industries including aerospace, construction, and automotive. Moreover, the increasing demand for high-quality and efficient welding processes and the increasing trend of electric vehicles in the automotive industry across the region are expected to drive the regional growth of the market over the analysis period. 

Covid-19 Impact on the Welding Guns Market

The rise of the Covid-19 pandemic has brought several uncertainties across various industries including the welding guns market. The slowdown in the manufacturing and construction sectors owing to the spontaneous spread of the deadly virus has decreased the demand for welding guns during the pandemic period. Moreover, the disruptions in supply chains have resulted in a shortage of raw materials and components which have badly impacted the production of welding guns. However, the increasing adoption of automation and robotics in the welding industry is expected to provide extensive growth opportunities for the welding guns market post-pandemic period.