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 for $151 billion in export sales to the US economy. In 2018, the foreign direct investment (FDI) into the US aerospace industry amounted to nearly $22 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.
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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.
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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).
North America Micro Welding Market- Segmentation
By Type
- Micro Resistance Welding
- Micro Pulse Arc Welding
- Others (Laser Welding)
By Application
- Electrical &Electronics
- Medical
- Automotive
- Aerospace &Defense
- Telecom
- Others
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