Stud Welding Machine Market Size Projected to Generate a Revenue of $1,678.8 Mn by 2031

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The Global Stud Welding Machine Market Size is predicted to be valued at $1,678.8 million by 2031, surging from $1,028.8 million in 2021, at a CAGR of 5.1%.

COVID-19 Impact on Stud Welding Machine Market

The coronavirus outbreak impacted various business activities across the globe, as several countries closed their ports and airports, and banned transportation while imposing stringent lockdowns, leading to a disruption in trade activities and day to day life of individuals. Major global manufacturing hubs are located in the Asia-Pacific region. In addition, the world's two most populated countries, China and India are in this region. The severe lockdowns in India and China affected manufacturing activities negatively resulting in a deceleration of the overall economy. This in turn negatively impacted the demand for stud welding machines. Stringent lockdowns restricted manufacturing operations and construction activities on account of labor shortages, high raw material prices, and supply chain disruptions. Stud welding machines majorly have high demand from the automotive and construction sector. During the pandemic, these sectors were among those that witnessed the most substantial impact. All these factors severely impacted the growth prospects of the stud welding machine market.

Stud Welding Machine Market Analysis

Stud welding is a type of fastening system, utilizing fasteners known as weld studs. Weld studs are available in a wide range of designs, sizes, and shapes for various applications. The base metal and the welded stud fastener do not need to be made of the same material. Brass to copper, brass to steel, copper to steel, and other combinations, for instance, can be welded together. Stud welding machines are cost-effective, portable, and lightweight. Stud welding achieved by these machines aids in the development of strong one-sided welds on the base metal. Due to these factors, these machines are used in a wide range of applications such as automobile bodies, building construction, electrical panels, shipbuilding, and others. A fully cross-sectional weld that has a solid link to the surrounding metal can be created with stud welding equipment. The welds made with a stud welding machine are vibration resistant. Furthermore, stud welding machines deliver stylish and appealing final products with greater design versatility. In addition, the process of stud welding is more affordable as the stud welding equipment prevents hole penetration. These factors are predicted to accelerate the expansion of the stud welding machine market during the forecast time.

Skilled technicians have specialized training and experience to use stud welding machines. These expertise levels are achieved through good training and rich technical experience. Therefore, a lack of qualified technical staff is one of the major factors projected to limit the stud welding machine market expansion during the forecast period.

The rise in the use of stud welding machines in the food processing and shipbuilding sector is expected to offer excellent opportunities during the forecast period. Stud welding machines are increasingly used in the shipbuilding industry for building ship decks, corridors, and others. In the health and food processing industry, these machines are increasingly used for the welding of tabletops, food counters, refrigeration units, and other electrical items. These factors are anticipated to generate excellent opportunities for the stud welding machine market players in the upcoming years.

Global Stud Welding Machine Market, Segmentation

The stud welding machine market is segmented on the basis of type of arc ignition, material, stud diameter, operation, end-use industry, and region.

Type of Arc Ignition:

The type of arc ignition segment is further classified into drawn arc stud welding and capacitor discharge stud welding. Among these, the drawn arc stud welding sub-segment dominated the market share in 2021. Base metals can be joined to fasteners efficiently using drawn arc stud welding. This is accomplished by melting the fastener's end and joining it to the base metal using a controlled electric arc technique. Metals such as steel, stainless steel, and aluminum can be joined together by drawn arc welding. Drawn arc stud welding type of arc ignition offers many advantages such as enhanced quality, increased productivity, and economic advantages.

Material:

The material segment is further divided into steel, aluminum, copper, and brass. Among these, the steel sub-segment accounted for the largest market share in 2021. The stud welding technique is widely used in the construction, shipbuilding, and automotive industries. For welding applications in various sectors, steel is the most widely utilized. For instance, high-strength steel is required for crucial areas of ships. Both mild steel, as well as stainless steel, can be stud welded. Steel is a fantastic option for studs and bases because it functions well for processes like drawn arc stud welding and capacitor discharge stud welding.

Stud Diameter:

The stud diameter segment is further classified into below 3 mm, 3-12 mm, 12-18 mm, and 18 mm and above. Among these, the 3-12 mm sub-segment accounted for the largest market share in 2021. This growth is primarily attributed to its growing application in different industries such as shipbuilding, automotive, and transportation. The use of 3-12mm studs is called short cycle stud welding as these studs deliver an undisturbed backside finish with a rapid attachment.

Operation:

The operation segment is further classified into automatic and semi-automatic. Among these, the semi-automatic sub-segment accounted for the largest market share in 2021. Semi-automatic welding equipment is being used more frequently when the weld quality is crucial or when there are many welds. When compared to automatic welding machines, these stud welding machines offer a number of benefits, including increased worker safety, high-quality welding output, reproducibility, decreased scrap, and others.

End-use Industry:

The end-use industry segment is further divided into automotive, shipbuilding, electric goods, construction, farm, and others. Among these, the construction sub-segment dominated the market share in 2021. The higher strength of stud welds enables the stud welding method to be best suited for several applications in the construction industry. Different jobs, such as building projects, bridge construction, and others require the usage of stud welding in the construction industry. A beautiful façade is built using stud welding machines as well. Moreover, bridges, escalators, elevators, and staircases can all be built using stud welding machines.

Region:

The global stud welding machine market size in the Asia-Pacific region is projected to show the fastest growth during the forecast period. This growth is majorly attributed to robust demand for stud welding machines from the end-use industries such as the automobile sector. For instance, the automobile industry is thriving in countries namely China, India, and others owing to rapid industrialization as well as an increase in demand for automotive vehicles.  The Asia-Pacific region has the highest number of vehicle sales compared to other regions due to the growing population and disposable income. Therefore, the automobile industry in this region is rapidly growing, which ultimately increases the market need for stud welding machines.

Key Players in the Global Stud Welding Machine Market

Some of the leading stud welding machine market players are

• 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

For instance, in January 2023, Bolte GmbH, the leading manufacturer of stud welding machines introduced a special version of the tabletop stud welding machine MAS-04. This stud welding machine is equipped with sound insulation housing.