Cloud Banner

Chemical and Materials

Image

Global Resistance Welding Products Market – Industry Trends and Forecast to 2029

  • Chemical and Materials
  • Upcoming Report
  • May 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Resistance Welding Products Market – Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR - 6% Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 1802.00 Million
Diagram Market Size (Forecast Year) USD 2872.11 Million
Diagram CAGR 6%

Global Resistance Welding Products Market, By Contactors (Mechanical Contractors, Electro-Mechanical Contractors, Electronic Contactors, Ignitron Tube Contactors, Silicon Controlled Rectifier (SCR) Contactors, Others), Product (Stick Electrodes, Solid Wires, Flux-Cored Wires, Saw Wires and Fluxes, Others), Control Sequence (Spot Sequence, Multiple Impulse (Pulsation) Sequence, Others), Application (Transportation and Automobiles, Building and Construction, Marine, Others), Level of Automation (Manual, Semi- Automatic, Automatic) – Industry Trends and Forecast to 2029

Resistance Welding Products Market

Market Analysis and Size

One of the oldest types of electric welding is resistance welding. The market is expected to expand due to rising resistance welding demand utilization in the automotive and manufacturing industries. The increased popularity owing to various beneficial properties such as suitability for high-volume and low-cost production, is further aiding the market to gain traction over the forecast period.

Global Resistance Welding Products Market was valued at USD 1802.00 million in 2021 and is expected to reach USD 2872.11 million by 2029, registering a CAGR of 6.00% during the forecast period of 2022-2029. The "Automobiles" accounts for the largest application segment in the resistance welding products market owing to its increased applications of resistance welding products in the manufacturing of vehicles. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

By Contactors (Mechanical Contractors, Electro-Mechanical Contractors, Electronic Contactors, Ignitron Tube Contactors, Silicon Controlled Rectifier (SCR) Contactors, Others), Product (Stick Electrodes, Solid Wires, Flux-Cored Wires, Saw Wires and Fluxes, Others), Control Sequence (Spot Sequence, Multiple Impulse (Pulsation) Sequence, Others), Application (Transportation and Automobiles, Building and Construction, Marine, Others), Level of Automation (Manual, Semi- Automatic, Automatic)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa

Market Players Covered

Envois (U.S.), voestalpine AG (Austria), Air Liquide (France), The Lincoln Electric Company (U.S.), Illinois Tool Works Inc. (U.S.), HYUNDAI WELDING CO., LTD. (South Korea), OBARA CORP (Japan), Sandvik AB (Sweden), Kiswel Inc. (U.S.), Kemppi Oy. (Finland), Mitco Weld Products Pvt. Ltd.(India), Senor Metals Pvt. Ltd. (India), Rofin-Sinar (U.S.), DAIHEN Corporation. (Japan), Basiloid Products Corp.(U.S.)., RME MIDDLE EAST FZCO (UAE) and capilla GmbH (Germany)

Market Opportunities

  • Surging trends of joining dissimilar and non-metallic materials
  • Technological advancement in welding products

Market Definition

Welding products are used in the welding process. Welding is a fabrication process used to join metals or thermoplastics by melting the parts with high heat. Welding professionals use welding supplies. The most common welding techniques are arc welding, oxy-fuel welding, laser beam welding, and resistance welding. Resistance welding is the joining of metals that is accomplished by applying weight and passing current through the metal region to be joined for a period of time. Resistance welding machines are designed and built for a wide range of medical, aviation, and modern applications.

Resistance Welding Products Market Dynamics

This section deals with understanding the market drivers, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

  • Expansion of Construction Sector

The rapid expansion of the construction sector and infrastructural development of backward areas particularly in developing economies are expected to drive the growth of the resistance welding products market. The construction industry is very diverse, encompassing activities such as infrastructure, buildings, and maintenance. Welding is mostly used in the fabrication of metal structural frameworks. Welding is used to join trusses, footers, steel I-beams, and columns that support the walls, roof, and floors of a building. For instance, the global construction sector is expected to grow to $8 trillion by 2030, according to the Intercontinental Exchange (ICE), a US-based technology company. As a result, the rapidly expanding construction sector propels the growth of the resistance welding products market.

  • High Demand Across End Users

The growing utilization of the resistance welding products across the various end user industries is estimated to carve a way for the growth of the market. Resistance welding's widespread adoption in the automotive for various manufacturing processes is expected to drive the resistance welding equipment market. The global market is being driven by the high utilization in the end use industries.

  • Resistance Welding Products Offer Various Advantages

Resistance welding has many advantages because, unlike arc and gas welding, no training is required to improve the welder's skill. It is appropriate for high-volume production of low-cost products in a short period of time. As a result of its short duration, less heat is transferred over the work piece's non-work area. Furthermore, no filler metals or consumables are required for joining or welding metal sheets and components, and the process is environmentally friendly and clean. These determinants are expected to drive the resistance welding equipment market during the forecast period.

Furthermore, its suitability for high-volume and low-cost production will propel the market even further. . End-user industries prefer semi-automatic and automatic resistance welding equipment to manual resistance welding equipment due to their ease of operation and time savings. For the fabrication of pipe, tubing, and smaller structural sections, the steel industry employs semi-automatic and automatic resistance welding equipment.

Opportunities

  • Technological Advancement and Surging Trends

Furthermore, the technological advancement in welding products coupled with the surging trends of joining dissimilar and non-metallic materials extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the surging trends of joining dissimilar and non-metallic materials will further expand the future growth of the resistance welding products market.

Restraints/Challenges

  • Drawbacks of Resistance Wielding Products

Resistance welding equipment costs more than arc welding equipment. It is a major factor that may stymie the growth of the resistance welding equipment market. Resistance spot welding has low fatigue and tensile strength and restricted movement on the assembly line. These are some of the other factors impeding the growth of the resistance welding equipment market.

  • Requirement of High Power

The resistance welding products require a high power source to generate enough heat to melt the joint and to generate a stable arc and metal transfer, and due to ease and convenience with which the required high current at a low voltage can be obtained using a transformer, AC power is used for resistance welding.  This factor will challenge the resistance welding products market growth rate as a challenge.

This resistance welding products market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the resistance welding products market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Resistance Welding Products Market

The recent outbreak of coronavirus had a negative impact on the resistance welding products market. The severe disruptions in various manufacturing, as well as the supply-chain operations due to the various precautionary lockdowns, led to huge financial setback for the market. The governments have halted various business activities in order to reduce the spread of novel viruses.. Furthermore, the pandemic has had a rapid and severe impact on the global automotive industry, resulting in disruptions in Chinese part exports, large-scale manufacturing disruptions across Europe, and the closure of assembly plants in the United States. As the resistance welding products market largely relies on automotive and the building and construction sector, it is also estimated to have a direct negative impact.

On the brighter side, the government gave an allowance to most construction activities as well as the other industries to resume selective operations with certain policies and regulations after the first phase of lockdown in most countries. This helped market to overcome the financial setback and therefore, the market is estimated to expand and the pre-pandemic levels.

Global Resistance Welding Products Market Scope

The resistance welding products market is segmented on the basis of contactors, product, control sequence, application and level of automation. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Contactors

  • Mechanical Contractors
  • Electro-Mechanical Contractors
  • Electronic Contactors
  • Ignitron Tube Contactors
  • Silicon Controlled Rectifier (SCR) Contactors
  • Others

Product

  • Stick Electrodes
  • Solid Wires
  • Flux-Cored Wires
  • Saw Wires and Fluxes
  • Others

Control Sequence

  • Spot Sequence
  • Multiple Impulse (Pulsation) Sequence
  • Others

Application

  • Transportation and Automobiles
  • Building and Construction
  • Marine
  • Others

Level of Automation

  • Manual
  • Semi- Automatic
  • Automatic

Resistance Welding Products Market Regional Analysis/Insights

The resistance welding products market is analysed and market size insights and trends are provided by country, contactors, product, control sequence, application and level of automation as referenced above.

The countries covered in the resistance welding products market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the industrial growth in emerging economics such as China and India within the region. Moreover, the substantial pace of growth in electronic industry accelerates the market growth.

On the other hand, North America is estimated to show lucrative growth over the forecast period of 2022-2029, due to the large number of automobile manufacturers in the region. The region's market is likely to be driven by rising demand for electric vehicles as a result of government laws and regulations.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Resistance Welding Products Market Share Analysis

The resistance welding products market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to resistance welding products market.

Some of the major players operating in the resistance welding products market are

  • Envois (U.S.)
  • voestalpine AG (Austria)
  • Air Liquide (France)
  • The Lincoln Electric Company (U.S.)
  • Illinois Tool Works Inc. (U.S.)
  • HYUNDAI WELDING CO., LTD. (South Korea)
  • OBARA CORP (Japan)
  • Sandvik AB (Sweden)
  • Kiswel Inc. (U.S.)
  • Kemppi Oy. (Finland)
  • Mitco Weld Products Pvt. Ltd.(India)
  • Senor Metals Pvt. Ltd. (India)
  • Rofin-Sinar (U.S.)
  • DAIHEN Corporation. (Japan)
  • Basiloid Products Corp. (U.S.)
  • RME MIDDLE EAST FZCO (UAE)
  • capilla GmbH (Germany)


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for Infographics

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Please fill in the below form for Research Methodology

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Please fill in the below form for Available Customization

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

FREQUENTLY ASK QUESTIONS

Global Resistance welding products Market is expected to show a value of USD 2872.11 million by 2029.
The market is estimated to register a CAGR of 6.00% within the forecast period.
The major players operating in the Resistance Welding Products Market are Envois (U.S.), voestalpine AG (Austria), Air Liquide (France), The Lincoln Electric Company (U.S.), Illinois Tool Works Inc. (U.S.), HYUNDAI WELDING CO., LTD. (South Korea), OBARA CORP (Japan), Sandvik AB (Sweden), Kiswel Inc. (U.S.), Kemppi Oy. (Finland), Mitco Weld Products Pvt. Ltd.(India), Senor Metals Pvt. Ltd. (India), Rofin-Sinar (U.S.), DAIHEN Corporation. (Japan), Basiloid Products Corp.(U.S.)., RME MIDDLE EAST FZCO (UAE) and capilla GmbH (Germany).
The major countries covered in the Resistance Welding Products Market are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand., Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
Free Sample Report

CHOOSE LICENCE TYPE

  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00

Why Choose Us

Industry Coverage

DBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem.

Regional Coverage

Coverage of Data Bridge is not restricted to developed or emerging economies. We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown.

Technology Coverage

In today’s world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry. This leads to innovation and our clients to come out as winners.

Goal Oriented Solutions

DBMR goal is to help our clients achieve their goals through our solutions; hence we formatively create the most appropriate solutions for our client needs, saving time and efforts for them to drive their grand strategies.

Unparallel Analyst Support

Our analysts take pride in our clients’ success. Unlike others, we believe in working along our clients to achieve their goals with 24 hours analyst support determining the correct needs and inspire innovation through service.

Banner

Client Testimonials