Hot Bar Soldering Machine Market REPORT OVERVIEW
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The global hot bar soldering machine market size was 172.25 million in 2022. As per our research, the hot bar soldering machine market is expected to reach USD 333.14 million by 2028, exhibiting a CAGR of 11.62% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, hot bar soldering machine experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
Hot bar bonding, additionally referred to as hot bar soldering, constitutes a particular joining technique in which two parts with solder plating are pressed together, heated to a temperature high enough to cause the solder to melt and flow, and then cooled to create a long-lasting electro-mechanical bond.
In order to meet the demands of high-volume manufacturing, vendors are also concentrating on creating high-speed selective soldering systems. Selected soldering equipment market trends, such as the adoption of sophisticated soldering techniques in sectors, will further propel market expansion in addition to the rising output of electronics.
COVID-19 Impact: Declaration of Lockdowns to Deplete Market Share
Due to low demand in the electronics industry, the need for hot bar soldering fell in the year 2020. The COVID-19 pandemic halted manufacturing of a variety of items involving hot bar soldering machine and related business, owing mostly to a lengthy lockdown in key global countries. This considerably impacted the expansion of the hot bar soldering machine market in recent months, and continued in 2020.
COVID-19 had an impact on equipment and machinery sales in the initial three months of 2020, and had a negative influence on the market's expansion throughout the year. The significant demand for machinery and other supplies was previously observed from huge manufacturing countries such as the United States, Germany, Italy, the United Kingdom, and China, which has been severely impacted by the spread of the coronavirus, halting desire for machinery and other supplies.
After COVID-19 infection instances begin to decline, equipment and machinery producers have to concentrate on protecting their staff, operations, and supply networks in order to respond to urgent emergencies and establish new methods of working.
LATEST TRENDS
"Availability of New Technologies to Stimulate Market Development "
As new technologies become available, key players in the machine market are developing more advanced and high-quality products. Many new products were introduced to the market in 2019. These products are technologically advanced and have distinct features. Metcal Inc. a prominent participant in the market has announced new items in addition to the current offerings of the company.
SEGMENTATION
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By Type
Based on type; the market is divided into fully automatic, semi-automatic
Fully automatic is the leading part of the type segment.
By Application
Based on the application; the market is divided into PCB welding, FPC welding, FFC welding, ACF welding, other
PCB welding is the leading part of the application segment.
DRIVING FACTORS
"Developments in Internet of Things to Aid Market Expansion "
The need for fast data processing and developments in IoT are driving up need for advanced electronic equipment. For instance, due to the affordable internet costs, smartphone penetration has significantly increased in emerging economies including China and India. Also, the continuous shift to automated and electric vehicles is boosting the installation of electronics components in automobiles. These factors will enhance the demand of hot bar soldering machine, in producing high functionality electronic devices.
"Electronics Sector to Foster Industry Progress "
The electronics sector held the greatest hot bar soldering machine market share. The expansion of the aforementioned area can be connected to the rising need for electronic gadgets around the world. Additionally, increasing urbanization has boosted the number of electronics production units in India, China, and South Korea, driving demand in the worldwide market. The semiconductor industry is also growing in significance as a consequence of technical advances and increasing customer interest from a variety of end-use industries worldwide, including household goods and appliances and telecommunications.
RESTRAINING FACTOR
"Supplementary Soldering Technologies to Stop Market Evolution "
Other soldering technologies are a challenge to hot bar soldering in the market. The merchant may opt for alternative forms of welding equipment, including laser soldering as well as fibers focus infrared solder equipment, depending on variables including the application location and equipment cost. Some manufacturers even always weld manually. Even though automated assembly and automated welding are frequently utilized in contemporary businesses, hand soldering continues to be used when producing prototypes, small batches of goods, and goods with unique needs for high reliability.
As a result, the market for hot bar soldering machines is seriously threatened by alternatives to other welding technology and apparatus, and the growth of market share is met with considerable resistance.
REGIONAL INSIGHTS
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"Asia Pacific to Support Market owing Presence of Electronics Equipment Manufacturers"
Asia Pacific was the biggest market as of 2019, and the region would provide market vendors with many growth possibilities over the forecast period. Significant electronics equipment output and the presence of several electronics equipment manufacturers will boost hot bar soldering machine market growth expansion in this area significantly over the forecast period.
During the forecast period, Asia Pacific will account for a substantial percentage of market growth. Asia Pacific primary markets producing machinery are China and Japan.
KEY INDUSTRY PLAYERS
"Key Players Focus on Partnerships to Gain a Competitive Advantage"
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.
The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.
List of Market Players Profiled
- AMADA WELD TECH (Japan)
- Neuschaefer Elektronik GmbH (Germany)
- Guangdong Xiangjie (China)
- Universal Instruments Corporation (U.S.)
- Guangzhou Jingyuan (China)
- Advanced Integrated Technologies Inc (U.S.)
- Shanghai Siesoar (China)
- Quick Intelligent (China)
- Dongguan Juke (China)
- AVIO (Italy)
REPORT COVERAGE
This research offers a thorough analysis of the global market, covering all relevant areas. This includes everything from a broad market overview to micro-level information about size of the market, degree of competition, evolution trend, opportunities in the market, important market drivers, and SWOT opportunities and threats. The reader can use the study to influence industry competitiveness and competitive environment strategies to increase potential profit. Additionally, it offers a straightforward framework for assessing and gaining access to the situation of the corporate organization.
In a nutshell, this study should be read by all market participants, traders, academics, analysts, business planners, and anyone else with an interest in the market. The market competitive landscape is another area that the report structure focuses on. This report presents in depth information the share of the market, macroeconomic indicators, product scenario, operation circumstances of the major players, which aids readers in the industry in recognizing the key rivals and better understanding the market's competitive landscape.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 172.25 Million in 2022 |
Market Size Value By |
US$ 333.14 Million by 2028 |
Growth Rate |
CAGR of 11.62% from 2022 to 2028 |
Forecast Period |
2022-2028 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the hot bar soldering machine market expected to touch by 2028?
The global hot bar soldering machine market size is expected to reach USD 333.14 million by 2028.
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What CAGR is the hot bar soldering machine market expected to exhibit by 2028?
The hot bar soldering machine market is expected to exhibit a CAGR of 11.62% by 2028.
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Which are the driving factors of the Hot Bar Soldering Machine market?
The driving factors of the Hot Bar Soldering Machine market are developments in internet of things combined with electronics sector.
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Which are the key players or most dominating companies functioning in the Hot Bar Soldering Machine market?
AMADA WELD TECH, Neuschaefer Elektronik GmbH, Guangdong Xiangjie, Universal Instruments Corporation, Guangzhou Jingyuan are some of the key players in functioning in the Hot Bar Soldering Machine market.