The stud welding machine global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Stud Welding Machine Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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 in the historic period can be attributed to growth in construction and infrastructure projects, automotive manufacturing expansion, increasing demand for lightweight materials, stringent quality and safety standards, expanding 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 growth in the forecast period can be attributed to rise in renewable energy projects, increased adoption in shipbuilding, focus on automation and robotics integration, demand for high-speed and precision welding, expansion of aerospace manufacturing. Major trends in the forecast period include technological innovations in welding materials, advancements in welding technology, rise in automation and integration, increasing demand for high-speed welding, technological advancements in welding equipment.
Order your report now for swift delivery @
https://www.thebusinessresearchcompany.com/report/stud-welding-machine-global-market-report
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
The growing construction industry is expected to propel the growth of the stud welding machine market going forward. Construction refers to building structures similar as homes, factories, highways, and bridges. Stud welding machines are used in construction to provide fast, efficient, and versatile permanent bond between materials. For instance, in June 2023, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, US-based government administrations, in May 2023, privately owned home starts were occurring at a seasonally adjusted annual pace of 1,631,000, representing an increase of 21.7% in the revised April 2023 prediction of 1,340,000 and 5.7% in the May 2022 rate of 1,543,000. The number of privately owned home completions in May 2023 was 1,518,000 on a seasonally adjusted yearly basis, representing an increase of 5.0% over the May 2022 rate of 1,446,000 and 9.5% above the revised April 2023 estimate of 1,386,000. Therefore, the growing construction industry is driving the growth of the stud welding machine market.
Market Trends –
Major companies operating in the stud welding machine market are increasing their focus on introducing energy-efficient and connected stud welding machines, such as Tuck stud welding equipment, to maximize their profits. Energy-efficient connected stud welding machines are designed to consume less power while providing high-quality welding results. For instance, in March 2021, Stanley Engineering Technologies, a US-based machinery manufacturing company, launched a new generation of Tucker stud welding equipment. The new software and hardware design allows the equipment to be integrated into automobile customers’ current communication structures and delivers the essential welding processes for existing lightweight materials. The use of sensor technology reduces the possibility of unscheduled stoppages. The detection and warning of consumable wear is another new function. It has an event-driven and monitored feeding system that reduces cycle time and error-causing factors.
The stud welding machine market covered in this report is segmented –
1) By Type Of Arc Ignition: Capacitor Discharge Stud Welding, Drawn Arc Stud Welding
2) By Material: Steel, Aluminum, Copper, Brass
3) By Operation: Automatic, Semi-Automatic
4) By End-Use Industry: Automotive, Shipbuilding, Electric Goods, Construction, Farm, Other End-User Industries
Get an inside scoop of the stud welding machine market, Request now for Sample Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=13246&type=smp
Regional Insights –
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
Key Companies –
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.
Table of Contents
1. Executive Summary
2. Stud Welding Machine Market Report Structure
3. Stud Welding Machine Market Trends And Strategies
4. Stud Welding Machine Market – Macro Economic Scenario
5. Stud Welding Machine Market Size And Growth
…..
27. Stud Welding Machine Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
