Stud Welding Machine Market By Type of Arc Ignition (Drawn Arc Stud Welding, Capacitor Discharge 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): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global stud welding machine market size was $1,028.8 million in 2021 and is predicted to grow with a CAGR of 5.1%, by generating a revenue of $1,678.8 million by 2031.
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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