What is Weld Studs Market?
Stud welding is a technique that is fastener formed nut is welded onto another metal part. Various types of material are used for manufacturing stud welding such as stainless steel, carbon steel, among others. Some of the features of weld studs are corrosion resistant, over-length and under-length studs available for convenience and ease of installation, direct replacement for a proper fit every time, double-ended studs as well as serrated bolts, among others.
The market study is being classified by Type (Screw-in Wheel Studs, Press-in Wheel Studs and Welded-in Wheel Studs), by Application (Automotive, Machinery & Equipment, Airplane, Structural applications and Others) and major geographies with country level break-up.
Nelson (United States), Midwest Fasteners (United States), STANLEY Engineered Fastening (United States), HBS Stud Weldings (Germany), Taylor Stud Welding (United Kingdom), Tru-Weld (India), Heinz Soyer GmbH (Germany), Cox Industries (United States), Brisbane Industrial Agencies (Australia) and Koster & Co. GmbH (Germany) are some of the key players profiled in the study.
The market is highly fragmented with the presence of local players and regional players operating in the market. Some of the major players operating in the market are Nelson (United States), Midwest Fasteners (United States), Stanley Engineered Fastening (United States), HBS Stud Weldings (Germany), among others.
Segment Analysis
Analyst at AMA have segmented the market study of Global Weld Studs market by Type, Application and Region.
On the basis of geography, the market of Weld Studs has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Usage of Weld Studs in Various Application
- Rising Demand from Automotive Industry across the Worldwide
Market Trend
- Technology Advancement regarding Weld Studs
Restraints
- Stringent Rules as well as Regulation
Opportunities
- Growing Demand from Emerging Market such as China, India, among others
Challenges
- High Cost of Raw Material
Key Target Audience
Wheel Studs Manufactures, Government Associations, Market Research and Consulting Firms, Government Regulatory Authorities and Others