Soldering Equipment Market Size, Share, and COVID-19 Impact Analysis By Type (Soldering Station, Soldering Irons & Guns, and Others), By Application (Consumer Electronics, Networking & Communication, Automotive, Aerospace & Defence, and Others), and Regional Forecast, 2024-2032

The increasing necessity for the repair & maintenance of electronic gadgets and printed circuit boards (PCB) among automobile, aerospace, and consumer electronics-related manufacturing industries is mainly driving the soldering equipment market growth. Electricians essentially use soldering irons & guns to carry out electronic gadget-related repairing work at household and commercial establishments. Therefore, increasing housing infrastructural facilities and evolving home renovation & remodeling trends are further accelerating the soldering equipment demand globally.

• According to the data presented by the National Association of REALTORS (NAR), existing-home sales in the U.S. increased from 6.00 million in December 2021 to 6.49 million in January 2022.

Nowadays, manufacturing industries are utilizing selective wave soldering machines to improve operational efficiency. This aspect will increase the product consumption rate globally.

• In June 2022,  Incap Electronics Slovakia s.r.o., a Slovakian electronic manufacturer, opened a new line of selective soldering machines in its  Námestovo factory.


• In May 2022, Natel Engineering Holdings Inc., an electronic manufacturing services provider, acquired ‘Synchrodex Pro,’ a line of selective wave soldering machines of Pillarhouse International Ltd., England, a U.K.-based industrial equipment supplier, to increase the efficiency of its rapid soldering of high volume assemblies.  

Furthermore, shifting manufacturing industries' focus toward using small-sized, lightweight, and efficient soldering guns and other equipment is further likely to accelerate the market growth. In addition, the manufacturing companies' continual provision of innovative technology-based soldering items is expected to increase consumer sales orders for such items, supporting market growth.

• For instance, in May 2020, Metcal, Ok Holding Inc.-owned manufacturing solutions provider, launched a line of high-performing, adjustable technology-based soldering systems in Illinois, U.S.

Impact of COVID-19 on the Soldering Equipment Market

Shutting down the manufacturing industries & transportation and equipment shipping-related restrictions due to the COVID-19-related lockdown restrictions in many countries has impacted product revenues globally. In addition, limited manufacturers' accessibility to the production systems required in manufacturing the soldering equipment such as iron, cutlers, and molding systems during the COVID-19 pandemic has impacted the market growth. Furthermore, chip shortage issues and limited manufacturing industries' accessibility to technical workers are the factors responsible for lowering global soldering equipment sales amid the COVID-19 pandemic.

• According to the report ‘State of the U.S. Semiconductor Industry 2021’ presented by the Semiconductor Industry Association, the U.S. share in the global semiconductor manufacturing capacity was reduced from 37% in 1990 to 12% in 2021.

Key Insights

The report will cover the following key insights:

• Global Electrical Equipment Industry Overview.


• Global Housing Sales Growth – Soldering Equipment Market.


• Supply Chain and Regulatory Landscape – Soldering Equipment Market.


• Key industry developments (Merger & acquisition, Product Innovation, and Partnership & Expansion) – Soldering Equipment Market.


• Impact of COVID-19 on Soldering Equipment Market.

Analysis by Type

The soldering irons & guns segment is expected to hold a major market share due to the significant small-scale electronic industries’ necessity of using soldering guns in manual printed circuit boards (PCB) making processes. Furthermore, the higher prices of the soldering systems used in large-sized printed circuit board manufacturing industries are likely to support segmental growth.

Analysis By Application

The consumer electronics segment is expected to lead the global market due to the significant laptop and smartphone manufacturers' need to deploy soldering systems to produce these items in their manufacturing units. Furthermore, the rising number of smartphone users preferring advanced sensor technology-based smartphones is further likely to increase the consumption rate of soldering equipment among consumer electronic industries.

Regional Analysis

The Asia Pacific region is expected to dominate the global soldering equipment market due to the presence of robust automobile, consumer electronics, aerospace & defense, and other electronic manufacturing industries in China, Japan, and India, which thereby results in a significant consumption rate of the soldering irons and other equipment in the region.

• According to the data presented by Japan Automobile Manufacturers Association (Jama), the total production volume of automobiles in Japan reached 8.96 million in 2019.

Furthermore, governmental assistance in developing electronic manufacturing industries in India and Vietnam is likely to accelerate the soldering equipment demand among these industries in the region.

• For instance, in 2021, under the government’s Free Trade Agreements (FTA), local Vietnamese industrial Parks (IPs) attracted USD 1.1 billion in investment projects supporting manufacturing industries in the country.

Key Players Covered

The report will include the profiles of key players such as American Hakko Products Inc., Apex Tool Group LLC, Antex Limited, Pillarhouse International Ltd, SEHO Systems GmbH, Kurtz Ersa, JUKI Automation Systems GmbH, Illinois Tool Works Inc., Nordson Corporation, RPS Automation LLC., and others.

Segmentation

Key Industry Developments

• February 2022: Kimball Electronics POLAND SP. ZO.O., an electronic manufacturing services provider, expanded its soldering equipment manufacturing facilities in Poznan, Poland.


• January 2022: Harima Chemicals Group, a Japanese chemical manufacturer and a solder plate producer, acquired Henkel AG & Co. KGaA-owned solder materials business to strengthen its position in producing Tall Oil Resin (TOR) production and existing solder plate portfolio.