Global Wire Feeder Systems Market– Introduction

A wire feeder system is used to maintain a feed of wire to join metals during welding and soldering. The wire feeder system is an advanced technological method composed of double driven wire feeding mechanism, print motor, rotatable torch holder, and wire spool shaft. Wire feeders have three main forms: push system, pull system, and push - pull system. In push system, the wire is pushed by the wire feed drive rolls to the welding torch, whereas in the pull system a set of wire is pulled from the roll of wire. In addition to it, the push–pull system is a combination of both the above system. Wire feeders are usually installed to help the machine perform an automatic welding and soldering job and enable automatic feeding of welding wires. With new technology innovation, the wire feeder is regarded as an automatic machine which uses a micro-motor to feed the wire.  

growth forecast wire feeder systems market

Global Wire Feeder Systems Market–Competition Landscape

Leading market players are focusing on the development of innovative wire feeder equipment to enhance operational efficiency across the world.

  • In May 2019, Lincoln Electric Holdings, Inc. launched a new innovative wire feeder system called Activ8X, which is a semiautomatic and portable device with CrossLinc technology.                                    
company landscape wire feeder systems market

Lincoln Electric Holdings, Inc.

Founded in 1895, Lincoln Electric Holdings, Inc. is headquartered in Euclid, Ohio, the U.S. with approximately 10,000 employees. The company manufacturers different products such as arc welding equipment, welding consumables, welding products, oxy-fuel cutting and plasma equipment, and robotic welding systems. It has a worldwide network of sales offices and distributors in more than 160 countries. Furthermore, the company has its manufacturing units in North America, Latin America, Asia, and Middle East & Africa. Lincoln also operates joint ventures and manufacturing alliances in 19 countries across the world.

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Yaskawa Motoman

Established in 1989, Yaskawa Motoman is a leading industrial robotics company, having installed more than 15 million servos, 400,000 Motoman industrial robots, and 26 million inverter drives across the world. The company provides automation solutions and products for each industry and robotic application that includes arc welding, coating, assembly, dispensing, material cutting, material handling, packaging, material removal, palletizing, and spot welding throughout the world.

Some of the key players operating in the global wire feeder systems market are Yaskawa Motoman, Alexander Binzel Schweisstechnik GmbH & Co. KG, Lincoln Electric Holdings, Inc., Dr. Fritz Faulhaber GmbH & Co. KG, FengYuan Metallurgical Materials Co., Ltd., ESAB., NWorld s.r.l, DINSE G.m.b.H., Miller Electric, Guangzhou Huiyun Science & Technology Co., Ltd, Cigweld Pty Ltd, and ELMOTEC Antriebstechnik AG among others. 

Global Wire Feeder Systems Market–Dynamics

Increase in manufacturing industries across the globe

The growing number of manufacturing industries across the globe is expected to boost the demand for wire feeders during the coming years. Wire feeder is an important device used for joining different types of metal through welding and soldering. Besides, with the use of wire feeder, raw material waste can be reduced, which is anticipated to fuel the growth of the wire feeder systems market globally. The manufacturing process not only increases profit margins of industries but also has a positive impact on resource regulation across the globe. Rising demand for fabricated metal products and other metal-based products across the globe in different industries such as automotive, aerospace, electronics, and telecommunication is expected to boost the growth of the wire feeder systems market during the forecast period 2019- 2027. In industries such as electronics and telecommunication, where compressed size is an important factor, a wire feeder is used for manufacturing and metal joining processes. Furthermore, rise in demand for energy and power, where wire feeder is used to add filler metal during manufacturing of alloys, is also expected to boost the growth of the global wire feeder system market.

Increasing growth of adhesives in manufacturing industries – A restraint to the market

The increasing growth of adhesives, which are cheap and used to join metals, is one of the major restraints affecting the global wire feeder market.

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market dynamics wire feeder systems market

Global Wire Feeder Systems Market–Segmentation

The global wire feeder systems market can be segmented based on:

  • Process
  • Type
  • Power
  • Diameter
  • Industry
  • Region

Global Wire Feeder Systems Market, by Process

Based on process, the global wire feeder systems market can be categorized into:

  • Soldering
  • Welding

Global Wire Feeder Systems Market, by Type

Based on type, the global wire feeder systems market can be bifurcated into:

  • Electrode wire feeder
  • Cold wire feeder

Global Wire Feeder Systems Market, by Power

In terms of power, the global wire feeder systems market can be bifurcated into:

  • Constant Voltage (CV)
  • Constant Current(CC)
  • Hybrid of CV and CC

Global Wire Feeder Systems Market, by Diameter

Based on diameter, the global wire feeder systems market can be segmented into:

  • 8/1.0
  • 0/1.2 
  • Others

Global Wire Feeder Systems Market, by Industry

Based on industry, the global wire feeder systems market can be categorized into:

  • Manufacturing & General Fabrication
  • Medical Device
  • Aerospace
  • Electronics & Electricals
  • Automotive & Transportation
  • Jewelry Industry
  • Energy & Power
  • Petrochemical

The report incorporates in-depth assessment of product development, financial analysis, product market sizing, competition landscape, product benchmarking, market trends, and strategic analysis to estimate the potential opportunities for and impact forces of the global wire feeder systems market. The report also includes a study and qualitative and quantitative research of major developments in the market such as mergers and acquisitions, product launches, agreements, and collaborations to recognize the prevailing market dynamics and their estimated impact during the forecast period.

Regional analysis of the global wire feeder systems market includes:

  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East & Africa (MEA)

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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