North America Micro Welding Market 2020-2026

North America Micro Welding Market Size, Share & Trends Analysis Report, By Type (Micro Resistance Welding, Micro Pulse Arc Welding, and Others), By Application (Electrical & Electronics, Medical, Automotive, Aerospace & Defense, Telecom, and Others) and Forecast, 2020-2026.

North America micro welding market is estimated to grow at a significant CAGR during the forecast period. A significant rise in the aerospace industry is contributing to the demand for micro welding in the region. The US aerospace manufacturers are highly competitive across the globe. As per the International Trade Administration (ITA), in 2018, the aerospace industry accounted for151 billion in export sales to the US economy. In 2018, the foreign direct investment (FDI) into the US aerospace industry amounted to nearly22 billion. This, in turn, is leading to increasing demand for micro welding machines in the region. Gas tungsten arc welding (GTA), also known as Tungsten inert gas (TIG) welding, is normally utilized in aircraft applications.

North America micro welding market is segmented on the basis of type and application. Based on the type, the market is segmented into micro resistance welding, micro pulse arc welding, and others. Further, on the basis of application, the market is segmented into electrical & electronics, medical, automotive, aerospace & defense, telecom, and others. The emergence of electronics has accelerated the need for the creation and repair of such products, which in turn, is leading the adoption of micro welding machines to achieve higher precision, durability, and flexibility. Further, geographically the report covers the analysis of the US and Canada. The US dominated the North America micro welding market in 2018.

Some of the key players in the market include Lincoln Electric Co., Elderfield & Hall, Inc., Illinois Tool Works, Inc., Micro Arc Welding, Inc., and Sunstone Engineering. These market players are focusing on expanding their range of micro welding products, which enables them to increase their market share and gain a competitive advantage. For instance, in June 2020, Lincoln Electric revealed its new product, Lincore 420-HC-S, a high carbon metal-corded wire which is commonly utilized for caster roll rebuilding. The hard-facing metal-corded submerged arc welding electrode may be utilized in circumferential, flat, and horizontal welding positions. The company’s hard-facing product line covers wires formulated for a range of arc welding processes, such as FCAW-G (flux-cored gas-shielded), FCAW-S (flux-cored self-shielded), and GMAW-C (metal-cored) and SAW (submerged arc).

Research Methodology:

The market study of the North America micro welding market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity in the reports.

Secondary Sources Include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report is intended for electron beam welding machine manufacturers, raw material suppliers, contract manufacturers, distributors, traders, industry associates & experts, government organizations, and other market participants for overall market analysis. The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. It will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

• North America Micro Welding Market Research and Analysis, By Type
• North America Micro Welding Market Research and Analysis, By Application

The Report Covers:

• Comprehensive research methodology of the North America micro welding market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the North America micro welding market.
• Insights about market determinants which are stimulating the North America micro welding market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.