Stud Welding Machine Market by Type of Arc Ignition (Drawn Arc Stud Welding and Capacitor Discharge Stud Welding), Material (Steel, Aluminum, Copper, and Brass), Stud Diameter (Below 3 mm, 3-12 mm, 12-18 mm, and 18 mm and Above), Operation (Automatic and Semi-automatic), End-use Industry (Automotive, Shipbuilding, Electric Goods, Construction, Farm, and Others), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2022-2031

Global Stud Welding Machine Market Analysis

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.

Global Stud Welding Machine Market Synopsis

The global stud welding market is anticipated to grow at a notable growth rate during the forecast period owing to the significant expansion of key industry verticals like construction, automotive, and shipbuilding, which are increasingly dependent on the use of stud welding machines in their manufacturing processes. The stud welding machine can be used for welding studs that are made of stainless steel, copper, carbon steel, aluminum, and alloy stud. With the utilization of stud welding machines, welding time is maintained at the millisecond level, so there is minimal thermic effect and welding deformation. The stud welding machine is very suitable for sheet welding thickness greater than 0.5 mm. All these factors are anticipated to drive the market revenue growth during the forecast period.

Numerous building projects and activities, including government infrastructure projects, were completely halted owing to the worldwide lockdowns. The stud welding machine market is highly dependent on end-user industries such as construction and shipbuilding. Hence, instabilities in these sectors are likely to hamper the stud welding machines market growth. Therefore, factors such as a shortage of skilled technical personnel are projected to hamper the market expansion during the forecast period. Some of the limitations associated with stud welding machine is that it can be used to weld small components such as plugs or studs that can easily rotate onto a workpiece at high speed.

The demand for domestic items including cooking stoves, kitchen chimneys, and refrigerators is increasing steadily. The rise in demand for domestic goods is expected to offer lucrative opportunities to the stud welding machine market players as these welding machines are increasingly used in the production of domestic goods such as refrigerators. For instance, in catering and food processing sector, stud welding machines are used for fixing elements to the counters, refrigeration units, and tabletops. Also, the invisible welding that does not cause blackening on the surface of workpiece being weld endures a strong and long-lasting weld to the product. These factors are anticipated to propel the stud welding machine market share during the forecast period.

According to regional analysis, the Asia-Pacific stud welding machine market accounted for the highest market size in 2021. This growth is majorly attributed to the rapid industrialization in various countries in the region, including China, Japan, India, and Indonesia. In addition, expansion in shipbuilding and construction projects is anticipated to further support the regional market growth for stud welding machines in the future.

Stud Welding Machine Overview

Stud welding is an arc welding technique in which metal parts can be end-joined to a workpiece instantaneously. Stud welding applies the same principles and has the same metallurgical characteristics as any other arc welding process. Machines for stud welding are affordable, portable, light, and safe. A computerized monitor on the machine shows crucial data including welding voltage, current, and time.

COVID-19 Impact on Global Stud Welding Machine Market

The COVID-19 pandemic caused strict lockdowns and social isolation across the globe. The pandemic has had a detrimental effect on the market potential for stud welding machines owing to the suspension of manufacturing and production facilities due to a manpower shortage and a delay in the availability of raw materials. Many end-user industries, including the automobile, shipbuilding, and construction witnessed a decline due to import-export restrictions, closed borders, and economic instability. These industries consistently have a significant need for stud welding equipment. Therefore, the decline in these sectors ultimately hindered the expansion of the stud welding machine market during the pandemic. The majority of manufacturing hubs are in the Asia-Pacific region. China and India implemented strict lockdowns and social isolation during the COVID-19 pandemic, which disrupted manufacturing activities for many weeks and caused the country's economy to contract.

Expansion of the Shipbuilding Industry is Expected to Drive the Market Demand for Stud Welding Machines

Shipbuilding activities have expanded because of more goods being transported by sea, which in turn has boosted demand for stud welding equipment. Stud welding machines plays a major role in the shipbuilding industry. For instance, in the shipbuilding sector, the stud welding machines are used for constructing large structures generally made out of steel. Professionals consider welding operations as a crucial one in the shipbuilding sector owing to faster operations and efficient operations facilitated by these machines. The development of welding technology has made it possible to construct completely water- and oil-tight ship constructions. Without the correct use of welding materials and processes, these structures cannot operate effectively or safely. All these are the major factors expected to drive the growth of the stud welding machine market during the forecast period.

To know more about global stud welding machine market drivers, get in touch with our analysts here.

Lack of Skilled Workers is Expected to Hinder the Market Growth

The need for qualified welders is increasing across many industries, including shipbuilding and construction. For instance, a shipyard welder's tasks include a variety of activities such as checking the materials and structures to be welded, building ship components, repairing ship components, and using cutting equipment and torches. For ships and boats to operate securely, shipyard welding must be efficient and effective. However, several industries, like shipbuilding, are struggling to find qualified welders. This, in turn, is anticipated to restrain the stud welding machine market growth in the upcoming years.

Rise in Demand from the Automotive and Construction Sectors is Expected to offer Ample Growth Opportunities During the Forecast Period

The automotive sector majorly uses stud welding machines. This is because when welding fastenings to sheet metal, accuracy and strength is of the utmost importance. Various automotive applications, including heat shields, power steering parts, exhaust systems, insulation, electrical wire routing, and lighting use stud welding machines. In addition, stud welds are also ideal for a variety of construction applications due to their higher strength. Stud welding machines are used in the construction industry for a variety of applications, including building work, and bridge construction. For roads and buildings to be safer, underground systems like sewer pipes and other subsurface services also need to be well-welded. These factors are expected to offer excellent opportunities to stud welding machine market players during the forecast period.

To know more about global stud welding machine market opportunities, get in touch with our analysts here.

Global Stud Welding Machine Market, by Type of Arc Ignition

Based on type of arc ignition, the market has been divided into drawn arc stud welding and capacitor discharge stud welding. Among these, the drawn arc stud welding sub-segment accounted for the highest market share in 2021 and is projected to show the fastest CAGR during the forecast period.

Global Stud Welding Machine Market Size, by Type of Arc Ignition, 2021

Source: Research Dive Analysis

The drawn arc stud welding sub-segment accounted for a dominant market share in 2021 and is projected to show the fastest CAGR during the forecast period. Drawn arc stud welding is a very efficient technique of attaching fasteners mainly to stainless steel and mild steel of 2mm thickness and above by using a steady current DC power supply. This method can tolerate surface curvature and defects like grease, light rust, and scale. This technique employs a welding rectifier that involves an energy source and provides a continuous welding current. Drawn arc stud welding type of arc ignition offers numerous benefits including uniform quality, high duty cycle, and also avoids the need for riveting and drilling.

Global Stud Welding Machine Market, by Material

Based on material, the market has been divided into steel, aluminum, copper, and brass. Among these, the steel sub-segment accounted for the highest revenue share in 2021, whereas the aluminum sub-segment is estimated to show the fastest growth during the forecast period.

Global Stud Welding Machine Market Share, by Material, 2021

Source: Research Dive Analysis

The steel sub-segment accounted for a dominating market share in 2021. Stud welding technique is increasingly used in the shipbuilding industry and steel is the most widely utilized material. High-strength steels are needed for crucial areas of ships. Both stainless steel and mild steel can be stud welded. Generally, steel is a fantastic choice for studs and bases in general because it works well for procedures like drawn arc stud welding and capacitor discharge stud welding.

Global Stud Welding Machine Market, by Stud Diameter

Based on stud diameter, the market has been 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 highest revenue share in 2021.

Global Stud Welding Machine Market Growth, by Stud Diameter, 2021

Source: Research Dive Analysis

The 3-12 mm sub-segment accounted for the largest market share in 2021. The growth of this sub-segment is mainly attributed to its rising application in various sectors including transportation, shipbuilding, marine, and automotive. The usage of 3-12mm studs is known as short cycle stud welding as these studs provide an undisturbed backside finish with a rapid attachment.

Global Stud Welding Machine Market, by Operation

Based on operation, the market has been classified into automatic and semi-automatic. Among these, the semi-automatic sub-segment accounted for the highest revenue share in 2021.

Global Stud Welding Machine Market Forecast, by Operation, 2021

Source: Research Dive Analysis

The semi-automatic sub-segment accounted for the largest market share in 2021. Machines that automatically weld studs are not always the best option. Semi-automatic welding equipment maintains a high level of control while doubling the output of the manual welder. When the quality of the weld is extremely important or when numerous welds need to be done, semi-automatic welding equipment is increasingly being used. These stud welding machines provide many advantages over automated equipment, including higher employee safety, high-quality welding output, reproducibility, high total product output, reduced scrap produced, and others.

Global Stud Welding Machine Market, by End-use Industry

Based on end-use industry, the market has been classified into automotive, shipbuilding, electric goods, construction, farm, and others. Among these, the construction sub-segment accounted for the highest revenue share in 2021.

Global Stud Welding Machine Market Analysis, by End-use Industry, 2021

Source: Research Dive Analysis

The construction sub-segment accounted for the largest market share in 2021. Stud welding is widely used in the construction industry as an alternative to hole punching or spot welding from one surface to another. A variety of applications in the construction sector are suited for the stud welding process because of the increased strength of stud welds. Stud welding is used in the construction sector for a variety of tasks, including building works, bridge construction, and others. Stud welding machines are also used in the construction of an interesting façade. Stud welding is also used for constructing bridges, elevators, staircases, and escalators.

Global Stud Welding Machine Market, Regional Insights

The stud welding machine market was investigated across North America, Europe, Asia-Pacific, and LAMEA.

Global Stud Welding Machine Market Size & Forecast, by Region, 2021-2031 ($ Million)

Source: Research Dive Analysis

The Market for Stud Welding Machine in Asia-Pacific to be the Most Dominant

The Asia-Pacific stud welding machine market accounted for the highest market share in 2021, owing to the rapid industrialization, robust growth in the automotive sector, and increase in heavy engineering and construction projects mainly in countries such as India, China, and Japan. Vehicle sales across the Asia-Pacific region are highest compared to all other regions due to rising population and disposable income. Therefore, the automotive sector in this region is expanding significantly, which ultimately boosts the demand for the stud welding machine market.

Competitive Scenario in the Global Stud Welding Machine Market

Investment, agreement, product launches and developments, and partnerships are some of the common strategies followed by major market players. For instance, in October 2022, STANLEY Engineered Fastening, the manufacturer of stud welding machines declared its plans for an automated production line in the manufacturing of steel with integrated stud welding systems.

Source: Research Dive Analysis

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, and TFP Corporation.