Press release
Automotive Welding Market is estimated to grow at a CAGR of 4.6% within the forecast period of 2023-2030: Cognitive Market Research
Automotive Welding Market is estimated to grow at a CAGR of 4.6% within the forecast period of 2023-2030
Automotive welding refers to the specific application of welding techniques in the automotive industry. It involves the process of joining metal components together to create the various structures and systems found in vehicles. The primary objective of automotive welding is to create strong, reliable, and durable connections that contribute to the overall strength, safety, and performance of automobiles. The automotive industry relies heavily on welding for the fabrication and assembly of vehicle components. These components include frames, chassis, body panels, exhaust systems, suspension systems, engine mounts, and other critical parts. Welding plays a crucial role in constructing these components into a unified structure.
There are several commonly used welding methods in automotive applications: Gas Metal Arc Welding (GMAW/MIG) also known as Metal Inert Gas (MIG) welding, is a widely used method in the automotive industry. It employs a consumable wire electrode that is continuously fed through a welding gun. An electric arc is created between the electrode and the workpiece, generating intense heat that melts the wire and the base metal. A shielding gas is used to protect the weld pool from atmospheric contamination.
Summary:
The Global Automotive Welding market was valued at USD 7.62 Billion in 2022, registering a CAGR of 4.6% for the forecast period 2023-2030.
To know more about The Automotive Welding Market statistics click here: https://www.cognitivemarketresearch.com/automotive-welding-market-report
Market Dynamics:
• Increasing vehicle production significantly boosts the automotive welding market growth
Automotive welding plays a crucial role in the assembly and manufacturing of vehicles. It involves joining different components and parts to create the vehicle's structural framework, body, and other essential elements. Welding is used in various stages of vehicle production, including chassis fabrication, body panel assembly, frame construction, and engine component integration. As vehicle production increases, there is a higher demand for welding processes to join these components efficiently and securely.
The global demand for automotives has been on the rise due to factors such as population growth, increasing urbanization, rising disposable incomes, and improved accessibility to automotive financing. As more people aspire to own vehicles, automotive manufacturers face the need to scale up their production capacities to meet the market demand. This surge in demand for automotive leads to an increased requirement for automotive welding technologies and services.
The automotive industry has witnessed significant growth and expansion in emerging economies, particularly in countries like China, India, Brazil, and Mexico. These countries have experienced rapid industrialization, urbanization, and a growing middle class, resulting in increased consumer demand for vehicles. As these markets expand, automotive manufacturers establish new production facilities or increase their existing capacities to cater to the rising demand. This expansion drives the need for automotive welding technologies and services to support the manufacturing processes in these regions.
• Lightweight vehicle manufacturing anticipatedly drives the market growth (Access Detailed Analysis in the Full Report Version)
• Rising demand for electric & autonomous vehicles and stringent safety & quality standards eventually drives the market growth (Access Detailed Analysis in the Full Report Version)
Market Segmentation:
Type:
• Inert Protect Type
• Semi-Inert Gas Protect Type
Application:
• Passenger Cars
• Commercial Vehicles
The passenger car segment is dominating the global automotive welding market, owing to the high demand for passenger vehicles and thereby the large production of passenger vehicles. Passenger cars have a significantly higher demand compared to other vehicle segments such as commercial vehicles or off-road vehicles. For instance, according to the International Organization of Motor Vehicle Manufacturers, 1751736, 23,836,083, 3480357, and 4439039 cars were produced in the United States, China, Germany, and India, respectively.
Method of Welding:
• Resistance metal inert gas (MIG) welding
• Plasma arc welding (PAW)
• Tungsten inert gas (TIG) welding
• Others
Get free sample pages of latest published Automotive Welding Market Report: https://www.cognitivemarketresearch.com/automotive-welding-market-report#request_sample
Competitive Analysis for Automotive Welding Market:
• Bosch (Germany)
• Continental (Germany)
• ThyssenKrupp (Germany)
• Denso (Japan)
• ZF Friedrichshafen (Germany)
• Magna International (Canada)
• Aisin Seiki (Japan)
• Faurecia (France)
• Valeo Group (France)
• Lear (USA)
• Eaton (USA)
• Adient (USA)
• Mahle (Germany)
• Toyota Boshoku (Japan)
• Tenneco (USA)
• Others (Available on- https://www.cognitivemarketresearch.com/automotive-welding-market-report)
Regional Analysis:
North America dominates the passenger vehicles market because of the high purchase of passenger cars within the region. For instance, U.S. light vehicle sales in December 2022 of 1,287,280 units were up 5.4% as compared to the same month in 2021. Truck and SUV sales increased 5.3% from last December to 1,020,952 units, while passenger car sales increased 5.7% to 266,328 units. In addition, major automotive manufacturers and suppliers are based in the region, leading to a significant concentration of automotive production facilities. This concentration of manufacturing creates a strong demand for welding technologies and services.
Company Profile:
• ABB
ABB is a Switzerland-based manufacturer of automotive products. The company operates through several divisions including electrification, industrial automation, robotics, discrete automation, motion, and others. The company's electrification segment provides electric vehicle charging infrastructure, renewable power solutions, modular substation packages, distribution automation products, switchboard and panel boards, switchgear, UPS solutions, circuit breakers, measuring, and others.
The company's robotics segment offers several robotic welding solutions that including, welding robots, arc welding equipment, spot welding equipment, and welding software. The company's Discrete Automation segment offers industrial robots, software, robotic solutions and systems, field services, spare parts, and digital services.
Recent Development:
JULY 2018
• ABB has acquired AB Rotech to expand automotive welding solutions
ABB has acquired AB Rotech to expand robotic welding solutions and services for the automotive industry. The e AB Rotech's engineering team covers the entire robotics welding lifecycle, from design and commissioning to electrical engineering and customer service. This acquisition will boost ABB's robotic welding solutions offering and capability for all tiers in this growing automotive segment.
To know more about the Automotive Welding Market click here: https://www.cognitivemarketresearch.com/automotive-welding-market-report
Related Report:
• Fluoropolymers- https://www.chemicalmarketstudy.com/fluoropolymers-market-report
• Hydrochloric Acid- https://www.chemicalmarketstudy.com/hydrochloric-acid-market-report
• Polyethylene Furanoate- https://www.chemicalmarketstudy.com/polyethylene-furanoate-market-report
Infographics from Cognitive Market Research:
• Party Balloons- https://www.cognitivemarketresearch.com/assets/images/report_images/report_infographics/Party_Balloons_market_report_1681540671.jpg
Blog from Cognitive Market Research:
• Various Industries Leads to Growth in the Polyurethane Market: Chemical Market Study- https://blog.chemicalmarketstudy.com/various-industries-leads-to-growth-in-the-polyurethane-market
To view a Company Profile click here:
• Teleflex Incorporated- https://www.chemicalmarketstudy.com/company_profile/teleflex-incorporated
Article from Cognitive Market Research:
• Why Vintage Classical Guitars String can be a Potential Market Investment- https://www.cognitivemarketresearch.com/articles/why-vintage-classical-guitars-string-can-be-a-potential-market-investment
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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