Global Weld Studs Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Weld Studs Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Stud Welding, more correctly termed drawn arc stud welding, is an electric arc process that rapidly joins a fastener to a base metal or substrate. The fastener can take many forms: threaded, unthreaded, tapped etc. Both the fastener and the substrate can be of various materials including: steel, stainless steel, aluminum etc.

Market Overview:

The latest research study on the global Weld Studs market finds that the global Weld Studs market reached a value of USD 738.67 million in 2022. It’s expected that the market will achieve USD 901.72 million by 2028, exhibiting a CAGR of 3.38% during the forecast period.

Impact of Russia and Ukraine War

Severe disruptions to global markets caused by Russia war on Ukraine have exposed vulnerabilities to the security of the supply of raw materials critical for industrial production and for the green transition. These supply chain vulnerabilities are the result of export restrictions, bilateral dependencies, a lack of transparency and persistent market asymmetries, including the concentration of production in just a few countries. For countries affected by supply chain vulnerabilities, there is potential to diversify sourcing through expanded production and accessing known critical raw materials reserves.

Russia and Ukraine Wars affect the upstream industry of the Weld Studs market. Numerous supply chains have been cut off and it is unclear if and when the situation will return to normal. Due to fast increasing prices of metals including Zink, Copper, Brass, and Nickel and daily fluctuation in the prices of basic raw materials used in manufacturing stainless steel due to present war between Russia and Ukraine the prominent suppliers of metals in world in which Russia alone holding over 8% share besides huge quantity of metals raw material being supplies from other affected European countries has been adversely affected steel industry as well as units manufacturing steel components in Haryana state especially at Jagadhari known as a hub for manufacturing utensils and other metal products having more than a thousand units in the town supplying goods in India as well as all export markets across the world.

Strength

The Weld Studs market has been increased in accordance with the economy development. Meanwhile, the science and technology progress is an important factor of the increase of the industry. With the fierce competition of the market, the manufacturers are had better make sure that their product with high performance and quality, with the good services level. Following the market trends, access to greater competitive advantage, concerning more on their R&D and services to get a bigger market share. In addition, global manufacturers are setting up their manufacturing plants and expanding their distribution networks in countries such as India and China.

Weakness

Potential risks and disadvantages may drive consumers away from weld studs products. For instance, there are some defects that can occur when CD stud welding is not performed accurately or with the right materials. Spread of molten metal from the weld site is a common issue when weld pressure is too low, the current is too high, or the weld is timed incorrectly. Molten metal expulsion can also be evidence of surface contamination. Misshapen weld spots are also a common defect with incorrectly performed CD stud welding. A strong, accurate weld should have a perfectly circular weld mark. Bloated, smushed, or otherwise misshapen weld spots are a result of contamination or misaligned electrodes in the welding tool. Indentations at the weld site are another result of incorrect pressure and/or current. With too much pressure, the current decreases and a poor weld connection is formed because of the low pressure. Welding studs indented into surface material even slightly are a sign of too high of pressure and too low of current/temperature.

Region Overview:

In 2022, the share of the Weld Studs market in Asia Pacific stood at 37.81%.

Company Overview

Stanley Engineered Fastening, IVOSTUD, Taylor Stud Welding, HBS Bolzenschweiss-Systeme and Cox Industries are the five key players in the global Weld Studs market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Weld Studs market in the past 5 years.

Stanley Engineered Fastening

As a division of Stanley Black & Decker, Stanley Engineered Fastening is the global leader in precision fastening and assembly solutions. Stanley Engineered Fastening industry-leading brands, Avdel®, Integr, Nelson®, Optia®, POP®, STANLEY® Assembly Technologies, and Tucker®, represent the world most diverse portfolio of fastening and assembly products and solutions.

IVOSTUD

With complete solutions in the field of stud welding, IVOSTUD offers the ideal conditions for full-surface and secure welded joints with high strength and minimized susceptibility to corrosion. IVOSTUD hence is the leading partner of automotive manufacturers and their suppliers for automotive applications worldwide.

Segmentation Overview:

By type, Arc Weld segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Automotive segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Weld Studs market covered in Chapter 3:

Advanced Studwelding Systems
Stud Craft
JHP Fasteners
Yonglong 
Sanken
Lancaster Fastener
Heinz Soyer GmbH
TSA 
Keystone Fastening Technologies
Antec
Stud Weld Pro
Studfast Studwelding
Southern Stud Weld
Midwest Fasteners
HBS Stud Weldings
Sunbelt Stud Welding
Payson Stud Welding Systems Limited
KVT-Fastening
Taylor Stud Welding
Zip Fastener Products
ChangXing KeJi
Thomas Welding Systems
TR Group
Nelson
Stud Welding and Fasteners
Stanley Black & Decker
Sparkweld Engineering
Tru-Weld
Brisbane Industrial Agencies
Cox Industries
KÖSTER & CO. Gmbh
Cutlass Stud Welding
Production Fastening Systems

In Chapter 4 and Chapter 14.2, on the basis of types, the Weld Studs market from 2018 to 2029 is primarily split into:

CD
Arc Weld

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Weld Studs market from 2018 to 2029 covers:

Machinery & Equipment
Automotive
Construction
Power
Oil & gas

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)