Welding Guns Market size was valued at USD 19.8 Billion in 2023 and is projected to cross USD 40 Billion by the end of 2036, expanding at more than 6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of welding guns is estimated at USD 21 Billion. The increasing demand for the safety of workers is estimated to drive the market growth in the coming years. The growing need for productivity and reduction of errors is propelling the market growth.
The rising demand for welding automation to enhance thermal and overload protection is expected to increase the welding guns market size. Escalating the adoption of portable and compact welding guns is driving market growth during the forecast period. The increase in the economic standards of the countries which rises the production of industrial steel around the world is set to hike the market value. The increasing building of ships, aircraft, and automobiles and the need for general fabrication and maintenance of machinery in end-user sectors is driving the expansion of the market.
Author Credits: Richa Gupta
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