A dynamic force balance model is proposed in this work as an extension of the previous static force balance model to predict metal transfer in arc welding. Dynamics of a pendant drop is modeled as the second order system, which consists of the mass, spring and damper. The spring constant of a spherical drop at equilibrium is derived in the closed-form equation, and the inertia force caused by drop vibration is included in the drop detaching condition. While the inertia force is small in the low current range, it becomes larger than the gravitational force with current increase. The inertia force reaches half of the electromagnetic force at transition current, and has considerable effects on drop detachment. The proposed dynamic force balance model predicts the detaching drop size more accurately than the static force balance model.