Stud Welding Machine Market Expected to Reach $1.7 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, 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. Stud welding is a popular welding method widely known for its reliability, accuracy, cost-efficiency, speed, and aesthetics. Stud welding machines are used for welding studs of various materials such as ferrous and non-ferrous studs. The stud welding machines are used for fixing studs onto parent material that does not lead to the formation of holes.

The stud welding machine market is growing at a significant rate as it is a fast and economical welding method. Stud welding machines can be used for welding studs of varying diameters and shapes. The use of stud welding machines eliminates tapping and drilling operations which makes it one of the most feasible and popular welding methods. For instance, in the construction sector, stud welding machines are used for spot welding or hole punching from one surface to another. The stud welding machine uses fewer materials, and the stud weld cycle can be completed within a few seconds. It is used for joining different pieces together and leads to the formation of strong and long-lasting bonds. Also, the stud welding machine is used for structural frameworks in the construction of buildings and bridges. These factors are anticipated to boost the stud welding machine market size during the forecast period.

Some of the limitations or disadvantages associated with stud welding machines are that this welding process requires proper inspection and planning before commencing the welding. It is mostly suitable for low alloy steels and carbon. In addition, the thickness of the sheet metal, the surface of the steel, and conducting material will affect the penetration of the weld. These factors are anticipated to restrict the stud welding machine market share in the upcoming years.

The existing and emerging applications of stud welding machine across industrial, electronics, mechanical, and heating & ventilation sectors is anticipated to generate excellent opportunities for the stud welding machine market players. For instance, in the electrical sector, stud welding machines are used for earthing components, mounting components in cabinets & on panels, fixing wiring looms, and others. In the heating & ventilation sector, stud welding machines are used for mounting fluid chambers, attaching covers, flanges, and hatches, fixing heating elements & burners, and securing the insulating materials & pipes.

Across industries, the stud welding machine opportunities lie in fixing fireproofing material, hygienic fixing of stiffener strips, and others. In the mechanical industry, these welding machines are used for fixing airlines and fluid, mounting handles, fixing inspection hatches, and cover plates, and attaching machinery guards. In addition, in the decorative & consumer goods industry, stud welding machines are used for fixing panels, signs, and plates, attaching pins, clasps to jewelry, attaching handles to the pan, feet to kettles, and others. Hence, stud welding is a highly reliable welding technology that offers optimal weld penetration with the help of stud welding machines. These factors are leading to a positive impact on the stud welding machine market outlook in the future.

The stud welding machine market is segmented on the basis of type of arc ignition, material, stud diameter, operation, and end-use industry. On the basis of arc ignition, the market is classified into drawn arc stud welding and capacitor discharge stud welding. On the basis of material, the market is divided into steel, aluminum, copper, and brass. On the basis of stud diameter, the market is categorized into below 3 mm, 3-12 mm, 12-18 mm, and 18 mm and above. On the basis of operation, the market is classified into automatic and semi-automatic. On the basis of end-use industry, the market is divided into automotive, shipbuilding, electric goods, construction, farm, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the stud welding machine market 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.

The report offers a comprehensive analysis of the global stud welding machine market trends by thoroughly studying different aspects of the market including major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working towards the growth of the market. The report also highlights the stud welding machine market forecast and present scenario along with upcoming trends & developments that are contributing toward the growth of the market. Moreover, restraints and challenges that hold power to obstruct the market growth are also profiled in the report along with Porter’s five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers and suppliers, threats of new players, and the emergence of substitutes in the market. The complete stud welding machine market analysis is provided in the report to offer 360-degree industry insights.

Impact of COVID-19 on the Global Stud Welding Machine Industry

• The COVID-19 pandemic created havoc across several sectors including automotive, shipbuilding, consumer electronics, and construction. Several economic uncertainties, shortage of labor, travel restrictions, and social distancing norms led to a negative impact on the stud welding machine market growth during the pandemic.
• The drastic decline in the demand from the end-use industries has directly impacted the demand for stud welding machines. For instance, the closure of automotive manufacturing and production units halted the welding process which lowered the demand for these welding machines.
• Furthermore, the construction sector was one of the worst hit during the pandemic. As stud welding machines are used for the construction of bridges, their demand was also impacted. Also, various companies have faced crises in terms of shortage of manpower, and economic uncertainties that led to the drastic reduction in stud welding machine sales across the world.
• The import-export restriction has led to the shortage of necessary components required for the manufacturing of stud welding machines which has further contributed to a decline in revenue for the stud welding machine manufacturers

Key Findings of the Study

• Based on type of arc ignition, the drawn arc stud welding buckets sub-segment emerged as the global leader in 2021 and is anticipated to be the fastest growing during the forecast period
• Based on material, the steel sub-segment emerged as the global leader in 2021 and the aluminum sub-segment is expected to witness the fastest growth during the forecast period
• Based on stud diameter, the 3-12 mm sub-segment emerged as the global leader in 2021 and is predicted to witness the fastest growth during the forecast years
• Based on operation, the semi-automatic sub-segment emerged as the global leader in 2021 and the automatic sub-segment is anticipated to witness the fastest growth during the forecast time
• Based on end-use industry, the construction sub-segment emerged as the global leader in 2021 and the automotive sub-segment is anticipated to witness the fastest growth during the forecast years
• Based on region, the Asia-Pacific market registered the highest market share in 2021 and is projected to maintain its position during the forecast period