Stud welding machines are widely used for the stud welding process in which the metal studs are joined to a metal workpiece by heating the parts with an arc. With the stud welding machine, a fastener is attached to a workpiece without marring the other side of the workpiece. The stud welding machine market size can be attributed to the role of the stud welding machines owing to its versatility and high-quality industrial welding solutions.
A stud welding machine facilitates the flash welding process in which the nut or fastener is welded to another metal element, substrate, or base metal. The stud welding machines make use of weld studs for two types of stud welding processes namely drawn arc stud welding and capacitor discharge stud welding. The drawn arc stud welding is a robust process that can efficiently produce welds within 0.06 seconds. The stud welding machine market has various industrial applications that help in building the structural framework for buildings and bridges.
The stud welding machine market faces some limitations as the welding process is hazardous due to heat penetration, structural integrity, molten metals, and heat penetration. Also, it is majorly suited for low alloy steels and carbon. These factors are anticipated to restrict the stud welding machine market share during the forecast period.
In the decorative and consumers good sector, the stud welding machine finds a range of applications where it is used in the home, kitchen appliances, badges, and jewelry. Stud welding machine offers a clean and aesthetic finish to the welding surface without leaving blackening on the other side of the surface. Similarly, in the electrical industry, a stud welding machine is used in the fastening of electrical items such as communication equipment, motors, and electronics systems. These factors are anticipated to generate excellent opportunities in the stud welding machine market during the analysis period.
Globally, the COVID-19 pandemic resulted in strict lockdowns and social isolation. The pandemic has had a negative impact on the market potential for the stud welding market due to the shutdown of manufacturing and production facilities because of a lack of labor and a delay in the supply of raw materials. Several end-user industries such as the automotive, shipbuilding, and construction sectors witnessed a decrease in demand due to import-export limitations, restricted borders, and economic uncertainty. There is a constant demand for stud welding equipment in these sectors. Therefore, the loss incurred by these industries hampered the market for stud welding machines from growing during the pandemic.
The key players profiled in this report include STANLEY Engineered Fastening, Midwest Fasteners Inc., Bolte GmbH, KÖSTER & CO. GMBH, ChangZhou Jinda Welding Co., Ltd., HBS Bolzenschweiss-Systeme GmbH & Co. KG, Taylor Studwelding Systems Ltd, HEINZ SOYER BOLZENSCHWEISSTECHNIK GMBH, Cruxweld Industrial Equipments Private Limited, and TFP Corporation.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the stud welding machine market analysis from 2021 to 2031 to identify the prevailing stud welding machine market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the stud welding machine market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global stud welding machine market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type of Arc Ignition
- Capacitor Discharge Stud Welding
- Drawn Arc Stud Welding
By Material
- Steel
- Aluminium
- Copper
- Brass
By Stud Diameter
- Below 3 mm
- 3-12 mm
- 12-18 mm
- 18 mm and above
By Operation
- Automatic
- Semi-automatic
By End-use Industry
- Automotive
- Shipbuilding
- Electric Goods
- Construction
- Farm
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- United Arab Emirates
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- STANLEY Engineered Fastening
- Midwest Fasteners Inc.
- Bolte GmbH
- KÖSTER & CO. GMBH
- ChangZhou Jinda Welding Co., Ltd.
- HBS Bolzenschweiss-Systeme GmbH & Co. KG
- Taylor Studwelding Systems Ltd
- HEINZ SOYER BOLZENSCHWEISSTECHNIK GMBH
- Cruxweld Industrial Equipments Private Limited
- TFP Corporation
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Table of Contents
Executive Summary
According to the report titled, “Stud Welding Machine Market," the stud welding machine market was valued at $1 billion in 2021, and is estimated to reach $1.7 billion by 2031, growing at a CAGR of 5.1% from 2022 to 2031.The stud welding machine is an efficient and economic welding method that is widely used for welding studs of different shapes and diameters. Using stud welding machines, the studs can be fixed on the parent material without the formation of holes. Stud welding machines eliminate the need for tapping and drilling operations making it a versatile welding method. Owing to this, the stud welding machine market finds a range of applications across construction, automotive, and other sectors.
Drawn arc stud welding and capacitor discharge stud welding are widely used stud welding methods. The capacitor discharge stud welding has applications in control panels, sheet metalwork, vending machines, switchboard cabinets, electrostatic precipitators, insulation technology, and others. The drawn arc stud welding is widely used in mechanical engineering, combustion systems, boiler and plant equipment, transformer tanks, heat exchangers, metal structures, shear connector welding, and heavy fabrication required in the automobile and other sectors. These factors are anticipated to boost the stud welding machines market growth during the forecast period.
The stud welding machine is a preferred method as it is inexpensive, uses less material, and can complete the weld stud cycle in a few seconds. The stud welding machine helps in the formation of strong and lasting bonds as it is an ideal method for joining pieces of materials together. Different materials such as steel, aluminum, copper, brass, and others can be stud welded with the help of stud welding machines. For instance, steel is widely used for stud welding with the help of stud welding machines. This is majorly owing to the excellent properties of steel as it is inexpensive, strong, and easy to work with. Copper is also used for stud welding owing to its high conductivity as copper has high corrosion resistance.
Some of the key advantages of the stud welding machine are that it offers instant welding solutions, and these machines are user-friendly and easy to operate. Stud welding machine offers clean and invisible welding as with this welding method there is no blackening on the opposite side. The stud welding machine market growth is driven by its application in the automotive sector as safety and accuracy are of utmost importance in this industry. The stud welding machine offers durable, accurate, and strong welding solutions. Furthermore, in the construction sector, the stud welding machine is popularly used to endure strength and durability to the surface which is being welded. Owing to this, the stud welding machine is extensively used across commercial & residential construction such as the construction of bridges, roads, highways, sewer systems, and metro constructions. Also, in the shipbuilding industry, these machines are used for the welding of decks and corridors as it acts as a leak-resistant welding solution. Also, in the food processing sector, the stud welding machine market has huge significance. In this sector, the stud welding machine is used for welding food counters, refrigeration units, tabletops, and others. These factors are anticipated to boost the stud welding machine market size in the upcoming years.
The stud welding machine market is segmented on the basis of type of arc ignition, material, stud diameter, operation, end-use industry, and region. By type of arc ignition, the market is divided into drawn arc stud welding and capacitor discharge stud welding. By material, the market is segmented into steel, aluminum, copper, and brass. Based on the stud diameter, the market is classified into below 3 mm, 3-12 mm, 12-18 mm, and 18 mm and above. By operation, the market is divided into automatic and semi-automatic. By end-use industry, the market is classified into automotive, shipbuilding, electric goods, construction, farm, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, UAE, South Africa, and rest of LAMEA).
The key players profiled in the study include STANLEY Engineered Fastening, Midwest Fasteners Inc., Bolte GmbH, KÖSTER & CO. GMBH, ChangZhou Jinda Welding Co., Ltd., HBS Bolzenschweiss-Systeme GmbH & Co. KG, Taylor Studwelding Systems Ltd, HEINZ SOYER BOLZENSCHWEISSTECHNIK GMBH, Cruxweld Industrial Equipments Private Limited, and TFP Corporation. The major players in the market have been actively engaged in the adoption of various strategies such as acquisition, business expansion, technological advancements, and partnerships. For instance, in October 2022, STANLEY Engineered Fastening, the leading manufacturer of stud welding machines announced its plans for an automated production line for manufacturing steel with integrated stud welding systems and automated stud welding processes.
Key Market Insights
- By type of arc ignition, the drawn arc stud welding segment was the highest revenue contributor to the market in 2021 and is estimated to be the fastest growing during the forecast period
- By material, the steel segment was the highest revenue contributor to the market in 2021 and the aluminum segment is projected to be the fastest growing during the forecast period
- By stud diameter, the 3-12 mm segment was the highest revenue contributor to the market in 2021 and is predicted to be the fastest growing during the forecast period
- By operation, the semi-automatic segment was the highest revenue contributor to the market in 2021 and the automatic segment is expected to be the fastest growing during the forecast period
- By end-use industry, the construction segment was the highest revenue contributor to the market in 2021 and the automotive segment is projected to be the fastest growing during the forecast period
- Based on region, Asia-Pacific was the highest revenue contributor in the market in 2021, accounting for $1,028.8 million, and is anticipated to generate a CAGR of 5.1% during the forecast period
Companies Mentioned
- STANLEY Engineered Fastening
- Midwest Fasteners Inc.
- Bolte GmbH
- KÖSTER & CO. GMBH
- ChangZhou Jinda Welding Co., Ltd.
- HBS Bolzenschweiss-Systeme GmbH & Co. KG
- Taylor Studwelding Systems Ltd
- HEINZ SOYER BOLZENSCHWEISSTECHNIK GMBH
- Cruxweld Industrial Equipments Private Limited
- TFP Corporation
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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