Stud Welding Machine Global Market Report 2024

The stud welding machine market size has grown strongly in recent years. It will grow from $1.17 billion in 2023 to $1.24 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth observed in the historical period can be attributed to the expansion of construction and infrastructure projects, the growth of automotive manufacturing, increasing demand for lightweight materials, adherence to stringent quality and safety standards, and the expanding activities in oil and gas exploration.

The stud welding machine market size is expected to see strong growth in the next few years. It will grow to $1.54 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The anticipated growth in the forecast period can be attributed to the rise in renewable energy projects, increased adoption in shipbuilding, a focus on automation and robotics integration, the demand for high-speed and precision welding, and the expansion of aerospace manufacturing. Key trends expected in the forecast period include technological innovations in welding materials, advancements in welding technology, a rise in automation and integration, increasing demand for high-speed welding, and technological advancements in welding equipment.

The anticipated growth in the construction industry is set to drive the expansion of the stud welding machine market in the coming years. Construction activities involve the creation of structures such as homes, factories, highways, and bridges. Stud welding machines play a crucial role in construction by providing a rapid, efficient, and versatile permanent bond between materials. As of June 2023, data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development revealed that privately owned home starts were underway at a seasonally adjusted annual rate of 1,631,000. This marked a 21.7% increase from the revised April 2023 estimate of 1,340,000 and a 5.7% rise from the May 2022 rate of 1,543,000. Additionally, the number of privately owned home completions in May 2023 reached 1,518,000 on a seasonally adjusted yearly basis, reflecting a 5.0% increase over the May 2022 rate of 1,446,000 and a 9.5% surge from the revised April 2023 estimate of 1,386,000. Therefore, the burgeoning construction industry is a key driver propelling the growth of the stud welding machine market.

The increasing demand for household goods is expected to contribute significantly to the growth of the stud welding machine market. Household goods encompass items found in homes, including furniture, appliances, and everyday items used for domestic purposes. Stud welding machines play a vital role in manufacturing household goods such as refrigerators, kitchen chimneys, and cooking stoves. Sustainable Energy for All reported in May 2022 that an estimated 20 million people could gain first-time access to a refrigerator by 2025, potentially creating over 250,000 new home-based jobs. In high-impact countries, around 1.3 billion individuals typically own an air conditioner and a refrigerator. Therefore, the increasing consumption of household goods is driving the growth of the stud welding machine market.

The limited application of stud welding machines is expected to hinder the market's growth. While these machines are versatile within their designated niche, they face constraints related to the range of applications. Primarily engineered for relatively small components, such as plugs or studs, which can be rotated onto a workpiece at high speeds, stud welding systems are limited in accommodating components up to 25 mm in diameter, as highlighted by IOP Publishing, a UK-based scientific publisher. Therefore, the restricted application of these machines represents a hindrance to the growth of the market.

Major companies in the stud welding machine market are increasingly focusing on the development of energy-efficient and connected stud welding machines, such as Tuck stud welding equipment, to enhance their profitability. These machines are designed to consume less power while delivering high-quality welding results. For example, in March 2021, Stanley Engineering Technologies, a U.S.-based machinery manufacturing company, introduced a new generation of Tucker stud welding equipment featuring advanced software and hardware design. The equipment is integrated into automobile customers' current communication structures and facilitates essential welding processes for existing lightweight materials. It incorporates sensor technology to reduce the likelihood of unscheduled stoppages and includes functions for detecting and warning of consumable wear. The event-driven and monitored feeding system is designed to decrease cycle time and minimize error-causing factors.

In September 2021, IVOSTUD GmbH, a Germany-based provider of stud welding technology, systems, and products for the automotive industry, acquired the welding stud and end-customer business of OBTEC GmbH for an undisclosed amount. This strategic acquisition allowed IVOSTUD to increase its manufacturing capacity and solidify its position as one of the top suppliers of stud welding technology in the automotive industry. OBTEC GmbH, based in Germany, is a manufacturer of welding studs serving the automotive and industrial end sectors.

Major companies operating in the stud welding machine market report are Würth Group, Hilti Group, DAIHEN Corporation, Nelson Stud Welding Inc., STANLEY Engineered Fastening, Genesis Inc., Midwest Fasteners Inc., Hanlon Equipment Company, SINOARS Stud Welding Co. Ltd., TFP Corporation, ChangZhou Jinda Welding Material Co. Ltd., Koster & Co. GmbH, Stud Welding Products Inc., Image Industries Inc., ElectroArc Manufacturing Co., Keystone Fastening Technologies Inc., Cutlass Stud Welding, THOMAS Welding Systems, Sunbelt Stud Welding Inc., ProWeld International, Bolte GmbH, HBS Stud Welding, Heinz Soyer GmbH, Taylor Studwelding Systems Ltd., Cruxweld Industrial Equipments Pvt. Ltd.

Asia-Pacific was the largest region in the stud welding machine market in 2023. The regions covered in the stud welding machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa The countries covered in the stud welding machine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The stud welding machine market consists of sales of lift-gap stud welding guns, contact stud welder guns, and short-cycle stud welder guns. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The main types of arc ignition in stud welding machines include capacitor discharge stud welding and drawn arc stud welding. Capacitor discharge stud welding involves storing electrical energy in a capacitor bank, which is then discharged through a stud to create an arc. The materials involved in this process comprise steel, aluminum, copper, and brass, and operations can be either automatic or semi-automatic. This technology finds applications in various industries, including automotive, shipbuilding, electric goods, construction, farming, and others.

The stud welding machine market research report is one of a series of new reports that provides stud welding machine market statistics, including stud welding machine industry global market size, regional shares, competitors with a stud welding machine market share, detailed stud welding machine market segments, market trends and opportunities, and any further data you may need to thrive in the stud welding machine industry. This stud welding machine market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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