Spot welding refers to a form of resistance welding wherein two or more metal sheets are joined together by applying heat and pressure to the concerned area. This is achieved using copper alloy electrodes that apply pressure and deliver current (for heating) to the workpieces. In this process, welds are typically made at regular intervals on overlapping sheets of the metal so as to ensure uniform joining of the workpieces. Spot welding is primarily used for joining parts having a thickness up to 3 mm. One of the most prominent aspects of spot welding is that the process does not include any filler material for welding the workpieces. This ensures highly precise finished products with minimal contamination.
Spot welding is used across a wide array of applications including automotive, industrial manufacturing, aerospace, construction and several others. The most significant factor fueling the market growth is the steadily growing automotive industry worldwide. The automotive industry contributes to nearly 3/4th of the total spot welding market. Thus, due to steady anticipated growth across the global automotive sector, the overall spot welding machines market is projected to continue witnessing robust growth throughout the forecast period. Another major factor contributing to the market growth is the superior advantages of spot welding technique over other welding and conventional joining methods such cost effectiveness, clean operation, simple working set-up and fast operation.
With the onset of the COVID-19 pandemic, numerous end-use industries such as aerospace, construction and industrial manufacturing, among others suffered tremendous slowdown on account of the lockdown restrictions. In addition, economic uncertainties resulting from the global lockdown resulted in halt of numerous ongoing investments towards various construction and manufacturing projects. Thereby, the overall spot welding equipment market witnessed a significant set-back in the year 2021. However, with relaxing lockdown restrictions coupled with various government initiatives towards reviving economies, the demand for spot welding equipment is expected to recover from the start of 2023.
The report titled “Spot Welding Equipment Market - Growth, Future Prospects and Competitive Landscape, 2021 - 2029 offers strategic insights into the global spot welding equipment market with a focus on the market size and estimates for the duration 2019 to 2029. The said research study covers in-depth analysis of multiple market segments based on product types, mobility, material, application and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2020 & 2029. The report also provides a prolific view on market dynamics such as market drivers, restraints, and opportunities.
In order to help strategic decision makers, the report also includes competitive profiling of the leading spot welding equipment manufacturers, their strategies, market positioning and key developments. Some of the major players profiled in the report include AMADA AMERICA, Inc., ARO Welding Technologies SAS, DECA s.p.a., Emerson Electric Company, KRITON WELD EQUIPMENTS PVT. LTD., INTRAN, Miller Electric Mfg. Co., Noble Industries, Inc., Sintec Optronics Pte Ltd., TECHNAX Industrie, T. J. Snow, Co., Vista Industrial Products, Inc., and others. Other in-depth analysis provided in the report includes:
Overall, the research study provides a holistic view of the global spot welding equipment, offering market size and estimates for the period from 2021 to 2029, keeping in mind the above-mentioned factors.
The global spot welding equipment market is segmented, based on its types, into following categories:
In 2020, press spot welding is the largest segment, in terms of revenue, of the overall spot welding equipment market worldwide. Press spot welding is the most commonly used and one of the most cost-effective techniques for welding sheet metals. Press spot welding machines are extensively used for production and assembly lines. In addition, easy integration with robots also proposes an opportunity for automation to the manufacturers. With the rise in demand for automotive and industrial manufacturing, press spot welding equipment market is expected to maintain its dominance in the future.
The overall demand for projection spot welding segment is currently in the global markets. Projection spot welder is restricted to a very few applications due to its limitations. Projection spot welder face limitation in welding unparalleled sheets; additionally, projection spot weld is close to a corner or edge and where the welds can have excess spatter from overheating. However, projection spot welder has the capability of welding a variety of cross-sections, used for resistance heating as well as projection electrodes carry more current and weld thicker material than spot welding electrodes. In addition, projection spot welder supports multiple tooling. Owing to the aforementioned merits, consistent rise in the requirement of projection welding is expected during the forecast period.
The global spot welding equipment market is segmented, based on its application, into following categories:
Spot welding equipment is used in a wide variety of applications. Manufacturing units involved in sheet metal processing and fabrication extensively use spot welding. On the basis of application, automotive segment dominated the overall spot welding equipment market, in 2020. Spot welding does not require any filler material and has very less thermal distortion compared to other welding methods. Consequently, many automotive manufacturers are using extensively this particular type of welding for their frames and chassis welding.
In the present time, spot welding equipment is integrated with accurate positioning robotic arms. The feature of easy automation and capability of deployment for a wide range of application has made automotive manufacturers to adopt spot welding machines on their assembly lines for automotive assemblies. With the significant rise in the automotive manufacturing, the demand for spot welder has also risen considerably, over the period of time.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Spot Welding Equipment market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
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| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
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Material
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Applications
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
