Wire feeder systems market: Global Opportunity Analysis and Industry Forecast, 2023-2030 Market

A wire feed system is used to provide a constant feed of wire in soldering and welding processes to join metals. The wire feeder system is an advanced mechanical technique which includes print motor, wire feeding mechanism, wire spool shaft, and rotatable torch holder. The different types of wire feeder systems are pull system, push system, and push-pull system. In pull system the wire is pulled by the drive roll towards the welding torch, whereas in the push system the wire is pushed towards the welding torch. In case of push-pull system both the actions take place simultaneously. The wire feeder systems are usually implemented on robotic welding machines to perform automatic welding by enabling automatic feeding of welding wires. The wire feeder systems have applications in industries like automotive, aerospace, manufacturing, and others.   

COVID-19 Scenario analysis:

• COVID-19 pandemic has shut-down the production of various products in the wire feeder systems industry, mainly owing to the prolonged lockdown in major global countries. This has hampered the growth of wire feeder systems market significantly from last few months, as is likely to continue during 2020.
• COVID-19 has already affected the sales of equipment and machinery in the first quarter of 2020 and is likely to cause a negative impact on the market growth throughout the year. 
• The major demand for equipment and machinery was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, the UK, and China, which is badly affected by the spread of coronavirus, thereby halting the demand for equipment and machinery.
• Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans.
• Equipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19 infection cases start to decrease.

Drivers, restraints, and opportunities

The increasing demand for compact-sized parts in the electronics and telecommunication industry is expected to escalate the demand for the wire feeder systems. Besides, the wire feeder systems have a wide range of applications in industries where metal joining is required. The rising demand in the energy and power sector supported with new alloys in filler materials used for welding and soldering is expected to steer the growth of the wire feeder systems market in the upcoming years. On the contrary, the growing usage of adhesives to join metals is a factor that can limit the wire feeder system's market growth. Conversely, new technologies and product launches for welding and soldering processes are anticipated to provide lucrative opportunities for the wire feeder systems market during the forecast period. 

Trends in wire feeder systems market

Increasing demand from manufacturing industries worldwide

The number of manufacturing industries worldwide is increasing gradually due to the rising consumer demand for manufactured products. The wide feeder systems have a wide range of applications in different industries where metal joining in required. For example, wire feeder equipment is used in soldering and welding machines to manufacture automobile parts proving extremely useful for the automotive industry. Also, wire feeder systems are very essential in the production of compact-sized parts that are used in the electronics and telecommunication industry. Further, wire feeder systems are important for adding filler metal during the preparation of alloys in the energy and power industry. A growing number of applications of wire feeders in various industries can raise the demand for these systems thus, it is expected to fuel the growth of the wire feeder systems market. 

New advanced products to flourish the market

Rising competition among market leaders has forced the manufacturers to come up with new advanced products to differentiate their products from others in the market. For instance, Lincoln Electric, an American multinational and a global welding products manufacturer, provides new LN-25X WIRE FEEDERS with crosslinc technology and TVT. The impressive features of this product are lightweight and portable, crosslinc technology that provides voltage control on the feeder, TVT regulates the voltage drop across cable, and more. Such new advanced products can fuel the demand for wire feeders in the market that can eventually boost the growth of the wire feeder systems market.

Key benefits of the report:

• This study represents the analytical representation of the global wire feeder systems market combined with the ongoing trends and future predictions to determine investment opportunities.
• The present market is thoroughly analyzed to enlighten the wire feeder systems market growth.
• The report gives information regarding the important drivers, restraints, and opportunities provided with an in-depth analysis of the global wire feeder systems market.
• Segmentation details of the global wire feeder systems market.
• The report gives a comprehensive global wire feeder systems market analysis based on competitiveness and how the performance of the competitors will take shape in the coming years. 

 Wire feeder systems market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights