Weld Studs Market – Introduction
Weld stud is a type of fastener formed into a shape of a nut and then weld onto another part of the metal. Various types of weld studs such as threaded, unthreaded, internally threaded, and coarse threaded are available in the market. These studs are made up of hard metals, which have longer durability and are non-corrosive. These studs are made up of steel, stainless steel, and aluminum. These studs are made from the cold forming process due to cost effectiveness of the method.
Due to increase in catering and food processing industries demand for weld studs has grown in the past years. Weld studs are increasingly used in counters, tabletops, refrigeration units, and electrical items. This is expected to drive the market during the forecast period. Weld studs are employed in decorative and consumer items due to its invisible nature and gives finish design such as badges, home ware, cookware, jewelry, etc. to give neat and attractive look.
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Weld Studs Market – Competitive Landscape
STANLEY Engineered Fastening
STANLEY Engineered Fastening is a division of Stanley Black and Decker, which provides fastening and assembly solutions. The company offers various brands such as Avdel, Integra, Nelson, Optia, POP, STANLEY® Assembly Technologies, and Tucker. It has presence in 68 countries with 32 manufacturing plants. The company offers products and solutions for various industries such as aerospace, general manufacturing, nuclear energy, appliances, ground transportation, oil & gas, automotive aftermarket, HVAC & sheet metal, power generation, automotive & light truck, lawn & garden, recreational products, commercial lighting, medical equipment, renewable energy, construction & infrastructure, military & defense, shipbuilding, electronics & telecom, and mining & agriculture.
HBS Bolzenschweiss-Systeme GmbH & Co. KG
Founded in 1975, HBS Bolzenschweiss-Systeme GmbH & Co. KG is headquartered at Dachau, Bayern, Germany. The company provides four types of services: automation, repair and service, training, and rent service. It offers products such as welding units, welding guns, accessories, and welding elements. Under welding element business segment company sells weld studs.
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Midwest Fasteners Inc.
Established in 1970, Midwest Fasteners Inc. is headquartered at Miamisburg, Ohio, the U.S. The company provides various products such as insulation fasteners (insulation anchors, weld pins, and cup head pins), weld studs (CD weld studs and arc weld studs), stud welding accessories (CD welding accessories and arc stud welding accessories), and stud welding equipment (CD welding equipment and arc stud welding equipment).
Key players operating in the global weld studs market include Nelson Stud Welding, HBS Stud Welding, Tru-Weld Stud Welding, Heinz Soyer GmbH, Cox Industries, Brisbane Industrial Agencies, Köster & Co. GmbH, Taylor Studwelding Systems Ltd., Nippon Stud Welding Co. Ltd., Stud Welding Products Inc., and Sunbelt Stud Welding Inc.
Weld Studs Market – Dynamics
Growth in Automotive Industry
Demand for new vehicles has been rising in developing countries due to the increase in population. Due to trend for cabs and rented car, the sale of automotive has increased and grown the demand for weld studs. Companies are focusing on manufacturing sustainable cars owing to the introduction of various norms and regulations for automotive companies.
Rise in demand for Manufacturing Machinery and Equipment
Demand for consumer goods has increased over the last few years due to the rise in urbanization. Machinery and equipment manufacturing companies employ weld studs for attaching, machinery guards, mounting handles, fixing cover plates and maintenance hatches, fixing air/fluid lines, etc. Consumer goods companies are establishing their manufacturing plants in developing countries such as Brazil, India, and China due to increasing demand for consumer goods.