MIG Guns Market: Overview and Dynamics
A MIG gun is a type of welding torch that is used as a welding electrode in desired alignment and help in the supply of welding power to the electrode. The MIG gun comes in various shape and size depending upon the need. MIG guns are used in a wide range of applications ranging from automobile to metal fabricating industries.
The advantage of MIG guns over others is that they produce high-quality welds since there is no flux used and have least chances for the entrapment of slag in the welded metal which results in the production of high-quality welds. With abound benefits, there are a few drawbacks to consider in using MIG guns such as replacement of tips, nozzles, electrodes etc. Working in the vertical position with a MIG guns is generally difficult and needs high installation cost with proper maintenance which is poised to inhibit the MIG guns market growth over the forecast period. On the other hand, the presence of unskilled labors is flaws for the market
The key factors driving the MIG guns market are its widespread use in construction and manufacturing industries. The rising demand of construction industries due to improved living standards of people in the developing countries has hiked the demand of MIG guns.
Rising prospects in the untapped market are acting as an opportunity for the MIG guns market. It can be from any industry from food and beverage to consumer goods. Whereas, the trends for the MIG Guns market is the increase in the level of automation and the development of new compact size welding tools.
The development of robotic technology for MIG guns is still an obstacle for this market. As the manufactures are focusing on upgrading the technology with the evolution of high performance and compact size machine.
Moreover, the adaption rate of MIG guns is at a higher pace due to various environmental regulations which are being imposed on the end-use industries by the government to shift the market towards the achieving their green targets. Other aspects that influence the MIG guns market growth are the health condition of the workers working in the metallurgical industries or mining industries are suffering from the various pulmonary disorder which is due to the emission of fumes and gases during the welding process. All these impact can be slowed down with the utilization of MIG guns
MIG guns use electrode filling for the welding the thicker objects as electroplating saves the metal from rusting and help in the decoration purposes, and while doing electroplating it does not require the exciting metal or paint from that metal parts which saves time while performing an operation. All the above mentioned information contribute towards the rise of the market in the forthcoming years with increasing awareness.
MIG Guns Market: COVID- 19 Impact Insights
The impact of the pandemic on the MIG guns market was staggering and unprecedented. The pandemic COVID-19 adversely impacted the global economy due to imposed lockdowns and complete shutdowns in almost all the regions in the world. The manufacturing and the supply chain of maximum industries witnessed a huge slump in the initial phase of the year. As the leading consumers and manufacturers were facing a huge impact of COVID -19 in highly affected regions which included China, North America and Japan.
In the third quarter, after the implementation of government regulation, multinational companies started their production which increased the selling of MIG guns. Moreover, the uplifting of lockdown has begun in a few regions showing a ray of hope for the MIG guns market to bounce back strongly. The sale for MIG Guns increased with the increase in demand from automobile and food & beverage industry.
MIG Guns Market: Segmentation
The MIG guns market can be segmented into four major categories based on welding operation, cooling type, end use and regions.
On the basis of Welding operations, the MIG guns market can be classified into:
- Automated MIG Guns
- Semi-Automated MIG Guns
- Robotics MIG Guns
On the basis of cooling type, the MIG guns market can be classified into:
- Water Cooled
- Air Cooled
On the basis of End User, the MIG guns market can be classified into:
- Automotive and Transportation
- General Fabrication
- Shipyards and Offshore
On the basis of region, the MIG guns market can be classified into:
- North America
- Latin America
- South Asia and Oceania
- Middle East and Africa
MIG Guns Market: Regional Impact
According to the regional presence, U.S is the prominent player which is followed by China. According to the data published by the International Organization of Motor Vehicle and Manufactures, out of a total of 25 million commercial vehicles produced worldwide, the US accounts for the highest share of 33% which is followed by China with a share of 17%.
Because of high levels of automation and strict laws and regulations, the markets in North America and Europe are matured. The Asia Pacific is foreseen to witness significant growth, due to the surge in demand in the automotive, chemical, mining industries. The penetration of key players in the developing countries due to the availability of economic labor and economic raw material will escalate the demand of the MIG Guns market in the forecast period. The rise in disposable income and an increase in the construction units have elevated the demand for MIG guns which has strengthened the market position of many companies.
East Asia in the upcoming years is projected to hold a strong position in the MIG guns market due to the increasing population which will unswervingly increase the demand in the construction industry and rampant infrastructure spending from the governments therefore the demand for the MIG guns will increase over the forecast period. A further reason for the escalating demand in the region with the resurgence of automobile industries in China, Japan and South Korea.
Whereas Middle East Africa and Latin America will experience a robust increase in the demand of the MIG guns market with the increase in requirement for commercial as well as passenger vehicle demand.
MIG Guns Market: Key Players
MIG guns market is possessing a slightly inclined growth. The key player in the market are
- TBi Industries GmbH
- Lincoln Electric Company
- DINSE Inc.
- Tokin Corporation
- SUMIG USA Corporation etc.
The increased application of MIG guns in different industries such as the automotive and railroad industry has increased its demand historically.
In 2019, Miller Electric Mfg. LLC has introduced a new series of MIG guns which is known as MDX with a rubber handle for improving the grip and a flawless wire feeding. This is creating a trend in the MIG guns market for the development of new technologies that will escalate market growth in the coming years.
Other manufactures such as Leister Group has launched a new welding torch product which is known as MINI that enables the jet of hot air to pass through with millimetre accuracy up to a temperature of 750 degree Celsius. The launch of new products in the market is booming the market.
The important factors that contribute to the increase in the demand for the MIG guns market are the compact size, cost-effective and time-efficient properties. Manufactures are focusing on the development of flexible MIG guns with compact size machines with higher productivity and efficiency.
Owing to the aforementioned factors, manufacturers across the domains are adopting MIG guns to manufacture effective devices. This is set to affect the overall supply and demand dynamics of the MIG guns system market.
The MIG Guns Market Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
The MIG Guns Market Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Europe (UK, Germany, Spain, France, BENELUX, Italy, Rest of Europe)
- East Asia (China, Japan, South Korea)
- South Asia & Oceania (India, ASEAN, Australia and New Zealand, Rest of South Asia & Oceania)
- Middle East and Africa (GCC Countries, South Africa, Northern Africa, Turkey, Rest of MEA)
The MIG guns market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The MIG Guns market report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The MIG Guns Market report also maps the qualitative impact of various market factors based on welding operation, cooling type, end user and geographies.
The MIG Guns Market Report Highlights:
- A detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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