Global Wire Feeder Systems Market size was valued at US$ XX Mn in 2019 and expected to reach US$ XX Mn by 2019 at a CAGR of 4.3% during the forecast period.
The Global Wire Feeder Systems market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The Global Wire Feeder Systems report also provides trends by market segments, technology, and investment with a competitive landscape.
Global Wire Feeder Systems Market
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2019 is considered as the base year for the analysis of the market and 2021-2026 is considered as forecasting year for the market as 2020 is adversely influenced by the COVID pandemic and Wire Feeder Systems markets have hit the downfall during the year. Moreover, the bottom-up approach is considered during the evaluation of the market as micro-level studies are done from scratch to coherently summarize the market dynamics and statistics.
The report has covered the market trends from 2015 to forecast the market through 2026. 2019 is considered a base year however 2020’s numbers are on the real output of the companies in the market. Special attention is given to 2020 and the effect of lockdown on the demand and supply, and also the impact of lockdown for the next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.
Global Wire Feeder Systems Market Overview:
The basic function of Wire Feeder Systems is to adjust the wire feed speed and to keep the welding or soldering speed intact. Moreover, wire feeders come with 3 main types, push system, pull system, and push-pull type system. As the name suggests push and pull type systems are used where the wire is pushed or pulled from the drive rolls of wire feed respectively. Generally, an automatic system is used for wire feeding mechanism installation as automatic feeding of wires in welding and soldering is needed in industrial jobs. The global wire feeder systems market is expected to register a CAGR of approximately 4.3% during the forecast period owing to advancements in technology.
Global Wire Feeder Systems Market Dynamics:
Increasing adoption of welding and soldering processes across the globe owing to increasing fatigue strength given to materials by the processes is the key factor considered to drive the growth of the market. In addition, advancements in metal joining processes in construction and automotive industries across the globe is the key supporting factor considered to drive the growth in demand for the market.
Raw material waste is reduced in the wire feeder system as wires are non-destructible and less prone to the heat generated in the process of welding and soldering. Above mentioned factors are considered to attribute the growth in the market. According to Manufacturing Enterprise Solutions Association Data, resource management in the manufacturing sector is adhered by wire feeder system as profit margins are increased by 13.5% from 2018 owing to the use of wire feeders in industries.
Increasing demand for customized fabricated tools from consumers across the globe and rising adoption of metal joining processes in the automotive and power sector across the emerging economies in the world are the key factors considered to drive the growth of the wire feeder system market. On the other hand, increasing use of adhesives and filler materials is the key factor considered to hamper the wire feeder market growth.
Moreover, other restraining factors are analyzed in the report. Also, the data from the year 2020 have been summarized while drawing out the restraining factors in the report.
New product launches and technological adoption by prominent players in the market is the key factor expected to drive the growth of the market and to create beneficial opportunities for key players in the market. Besides, wire feeding for laser applications is considered to drive the market growth during the forecast period.
Global Wire Feeder Systems Market Segment Analysis:
Global Wire Feeder Systems Market 1
Manufacturing Industry Segment is dominating the Wire Feeder Systems Market:
According to UN Industrial Development Organization, the Manufacturing industry is expected to register a growth rate of approximately 5.9% in the year 2022 owing to increasing demand for metalworking and tooling across the globe. Moreover, the manufacturing industry accounted for approximately 53% in terms of unit share in the wire feeder market owing to the rapid adoption of automation in the industry and simplicity in the operation of welding. In addition, increasing sheet metal working process adoption in the manufacturing sector is considered to augment the growth of wire feeder systems in the market.
On the contrary, According to World Bank, world manufacturing output growth is decelerating owing to trade tensions between the US and China, and the deceleration trend is expected to continue till 2nd and 3rd quarters of 2021. Besides, the manufacturing industry is expecting a positive growth rate in 2022 and key market players have continued to invest in product integration. Hence, the wire feeder market is expected to see some positive outlook in the forecasting period.
Cold Wire feeder segment is considered to supplement the growth of Wire Feeder Systems Market:
According to SigmaWeld Survey, Cold wire feeders is dominating the market with approximately 62% market share owing to the increasing use of cold wire feeders in TIG, MIG, and other advanced welding systems. Cold feeders feed welding filler material at the desired speed and help to increase the system and operational productivity of the operators. Cold wire feeders reduce system stoppage and can integrate with a fully automatic system also.
In addition, gas consumption while pre-flow and post flow is reduced in the system. Precision and control from low to high speed toggle is the factor expected to drive the growth of the market during the forecast period.
Hybrid Wire Feeder System: New Trend in the Global Wire Feeder Systems Market:
According to the International Institute of Welding, hybrid wire feeders are the new trend in the market owing to the operating compatibility of hybrid feeders. Moreover, the use of hybrid layered manufacturing in laser welding and brazing is the key factor attributing to growth in the market. Besides, the development of new drive systems and feeder motors have adhered to the growth of the hybrid wire feeder trends in the market. Demand for minimization in wire slipping and sensor-based monitoring are some of the advantages of hybrid systems. Electric motors system integration by prominent players across the globe is the key factor considered to augment the market growth.
Global Wire Feeder Systems Market 2
Product Developments in the market:
• In 2019, Lincoln Electric Co. has launched ACTIVE8x product for semi-automatic and automatic wire feeder systems. Portable devices are the key applications of technology nowadays.
• ABICOR-Binzel has developed a new AWDS-Smartbooster in 2020 for smart and effective wire feeding in MIG, TIG, and other specialty welding applications.
• In 2020, DINSE announced a new PUSH -PUSH type of wire feeder mechanism for laser system applications in fully uncoupled drive units.
• Lincoln Electric has launched a new range of LN25 wire feeders for 25* feeding sped increment for industrial applications.
COVID Impact on the Global Wire Feeder Systems Market:
According to Welding World Magazine 2020, COVID pandemic has adversely affected the market owing to supply chain distortion across the globe and major sensor technology manufacturers are hit by the demand gap due to insufficient inventory and halted manufacturing of automotive and manufacturing industry across the globe. In addition, automotive and metalworking industries have taken a severe hit across the globe as manufacturing processes have decelerated and most of the welding and soldering techniques have stopped by operators owing to low demand.
According to AWS, increasing popularity for benefits of Wire Feeder Systems across the consumers and rescheduling of manufacturing and transportation capabilities of OEMs post restriction period are the factors considered to drive the growth of the market during the forecast period. Moreover, many manufacturers are integrating their sensor technologies to provide the most effective performance with fewer cost options for the consumers which in turn expected to reduce the strain on the market players in terms of revenue generation.
Global Wire Feeder Systems Market Regional Insights:
North America holds the dominating share in the market owing to increasing automation in the electrics and communication sector by prominent players in the region. Factors attributing growth for the Wire Feeder Systems market in the region is increasing the adoption of automatic and semi-automatic welding and exponential use of metal-based products in the region. A high no. of emerging players in the region for the wire feeder market including Lincoln Electric Holdings, DINSE, miller, and others are considered to augment the growth of the market in the region. The US holds approximately 65% market share in the region. According to American Welding Association, the US wire feeder market is expected to register Y-O-Y growth of approximately 10.3% during the forecast period owing to innovation in portable devices for welding products in different industry sectors in the region.
APAC is expected to pose as the fastest-growing region in the Wire Feeder Systems Market owing to the increasing use of hybrid wire feeder systems in the automotive manufacturing sector in the region. Moreover, increasing investment of key players across the globe in the domestic APAC market is the key driver for the penetration of the market in the region. China and India hold the prominent share in the market owing to well established technology infrastructure in the region and increasing adoption of fabricated products across the region.
Europe holds a prominent share in the market owing to high technological adoptions and growing technological awareness across operators and manufacturers in the region. According to EU WMA, Germany holds the largest share in the wire feeder systems market owing to well established automotive and electronics, and telecommunication sectors in the region. The UK is the second dominating segment in the market owing to increasing metalworking process adoption across the region.
Global Wire Feeder Systems Market 3
The objective of the report is to present a comprehensive analysis of the Global Wire Feeder Systems Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Wire Feeder Systems Market dynamics, structure by analyzing the market segments and project the Global Wire Feeder Systems Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Type portfolio, growth strategies, and regional presence in the Global Wire Feeder Systems Market make the report investor’s guide
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Global Wire Feeder Systems Market 4
Global Wire Feeder Systems Market, by Region
• North America
o CIS Countries
o Rest of Europe
• Asia Pacific
o South Korea
o Rest of Asia Pacific
• Middle East and Africa
o South Africa
o GCC Countries
o Rest of MEA
• South America
o Rest of South America
Global Wire Feeder Systems Market Key Players
• Lincoln Electric Holdings, Inc.
• YASKAWA MOTOMAN
• Dr. Fritz Faulhaber GmbH Co. KG
• Cigweld Pty
• Miller Electric
• ABICOR BINZEL
• Guangzhou Huiyun Science and Technology
• FengYuan Metallurgical Materials
• Colfax Corporation
• Fronius International
• Illinois Tool Works
• AMADA Holdings
• ARCO Welding Supply
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