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Growing Construction Industry Boost The Stud Welding Machine Market: Strengthening the Growth Trajectory of the Stud Welding Machine Market
Stud Welding Machine
What Is the Expected CAGR for the Stud Welding Machine Market Through 2025?
The market size of stud welding machines has seen substantial growth lately. The market, worth $1.24 billion in 2024, is projected to escalate to $1.32 billion in 2025, with a compound annual growth rate (CAGR) of 5.9%. Rising construction and infrastructure projects, expansion in automotive manufacturing, an increase in demand for lightweight materials, stringent safety and quality standards, coupled with widespread oil and gas exploration have contributed to the surge during the historic period.
What's the Projected Size of the Global Stud Welding Machine Market by 2029?
The market size for stud welding machines is anticipated to experience substantial growth in the forthcoming years. It's projected to reach $1.64 billion by 2029, with a compound annual growth rate (CAGR) of 5.7%. The augmentation during this predicted period can be credited to the growth in renewable energy initiatives, heightened incorporation in ship construction, emphasis on automation and integration with robotics, the requirement for fast and accurate welding, and the enlargement of aerospace production. Key trends for the forecast period comprise progressive enhancements in welding materials and technology, increased automation and integration, escalated demand for high-speed welding, and breakthrough developments in welding apparatus.
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Top Growth Drivers in the Stud Welding Machine Industry: What's Accelerating the Market?
The expansion of the construction industry is anticipated to stimulate the stud welding machine market's growth. The term "construction" encompasses the creation of structures like homes, factories, highways, and bridges. Stud welding machines play a crucial role in providing a quick, efficient, and flexible permanent bond among materials in the construction process. For example, in June 2023, the U.S. Census Bureau along with the U.S. Department of Housing and Urban Development, reported that in May 2023, private residential constructions were happening at an adjusted annual rate of 1,631,000. This marked a rise of 21.7% from the revised April 2023 prediction of 1,340,000 and 5.7% from the May 2022 rate of 1,543,000. The number of private homes completed in May 2023 was 1,518,000 an adjusted annual rate signifying a rise of 5.0% over the May 2022 figure of 1,446,000 and a 9.5% rise from the revised April 2023 estimate of 1,386,000. Thus, the expansion in the construction industry is propelling the stud welding machine market. Stud Welding Machine Market Driver: Growth In Household Goods Consumption Fuels the Stud Welding Machine Market
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What Trends Will Shape the Stud Welding Machine Market Through 2029 and Beyond?
Leading firms in the stud welding machine market are shifting their focus towards the production of energy-efficient and interconnected stud welding systems such as the Tuck stud welding equipment to maximize their earnings. These energy-efficient, connected stud welding machines are designed to offer high-quality welding while using less energy. For example, Hilti North America, a construction tools company based in the US, unveiled the FX 3-A Cordless stud fusion system in August 2023. This system dramatically reduces welding time and is 75% quicker than traditional welding machines. It also features an Active Fusion Indicator (AFI) providing real-time, systematic feedback to the installer to enhance the quality of fastening.
What Are the Main Segments in the Stud Welding Machine Market?
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
Subsegments:
1) By Capacitor Discharge Stud Welding: Short Cycle Capacitor Discharge, Long Cycle Capacitor Discharge
2) By Drawn Arc Stud Welding: Regular Drawn Arc, Advanced Drawn Arc With Control Systems
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Which Top Companies are Driving Growth in the Stud Welding Machine Market?
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 Equipment Pvt. Ltd.
Which Regions Will Dominate the Stud Welding Machine Market Through 2029?
Asia-Pacific was the largest region in the stud welding machine market in 2024. The regions covered in the stud welding machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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