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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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).
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
North America Micro Welding Market by Type
- Micro Resistance Welding
- Micro Pulse Arc Welding
- Others
North America Micro Welding Market by Application
- Electrical &Electronics
- Medical
- Automotive
- Aerospace &Defense
- Telecom
- Others
Regional Analysis
- United States
- Canada
Company Profiles
- ARCO Welding Supply Co.
- Canaweld Inc.
- Colfax Corp.
- Elderfield& Hall, Inc.
- Illinois Tool Works Inc.
- Lincoln Electric Co.
- Micro Arc Welding, Inc.
- Micro Products Co.
- Spot Weld Inc.
- Sunstone Engineering
- Swagelok Company
- W. Grainger, Inc.
- Whitfield Welding Inc.
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.
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