Resistance Welding Products Market: Introduction
Transparency Market Research delivers key insights on the resistance welding products market in the U.S. In terms of revenue, the resistance welding products market in the U.S. is estimated to expand at a CAGR of ~5% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the resistance welding products market in the U.S.
The resistance welding products market in the U.S. is broadly affected by several factors, including increase in industrialization and rise in demand for automobiles in the country. Furthermore, the resistance welding products market in the U.S. is gaining momentum due to the growth of automation and digitization of industrial operations.
U.S. Resistance Welding Products Market: Dynamics
Investment in the aerospace industry has been increasing significantly in the U.S. due to the rise in interest in space exploration activities in the country. According to the Space Foundation, the U.S. Government invested US$ 48.3 Bn in space activities in fiscal year (FY) 2018, a rise of 10.0% compared to that in 2017. The Department of Defense (DoD) and National Aeronautics and Space Administration (NASA) accounted for 93.7% (US$ 45.2 Bn) of the U.S. Government’s space spending in 2018. The aerospace & defense industry posted strong annual growth with combined industry sales revenue amounting to US$ 909 Bn in 2019, a 6.7% increase from the 2018 industry output. Furthermore, the commercial aerospace sector managed to post strong gains, with 7% growth in sales and a 6.9% growth in its contribution to the U.S. GDP in 2019. Resistance welding products are largely used in the manufacture of aerospace components such as tube assemblies, duct assemblies, crew door components, and many other various aerospace assemblies. Resistance welding products are also commonly used in the electrical & electronics industry for joining components of various materials and shapes such as electrical connectors, rotors, and printing circuits. Thus, rise in investments in aerospace and electronics industries is likely to boost the demand for resistance welding products in the U.S.
U.S. Resistance Welding Products Market: Prominent Segments
In terms of process, spot welding was a highly attractive segment of the resistance welding products market in the U.S. in 2020. Spot welding process is the major consumer of resistance welding products, as it is a widely used resistance welding process in the world. Furthermore, spot welding is extensively employed in the automotive industry to join steel. It is also employed in the aerospace industry to join airframe components made from aluminum alloys. Based on product type, the electrodes/caps segment held dominant share of the resistance welding products market in the U.S. in 2020. Electrodes/caps are widely consumed products among resistance welding products. Caps are used in spot welding, which is an extensively used welding process in the market. Electrode/caps are available in different sizes and shapes as per application. In terms of end user, automotive is estimated to be a highly attractive segment of the resistance welding products market in the U.S. during the forecast period. This can be ascribed to the rise in demand for automobiles in the country. Resistance welding is an economical method for joining metals. It is commonly used in car manufacturing plants. The method is adaptable to high-speed automation and has fixed cycle times. The increase in the demand for electric vehicles is also likely to augment the demand for resistance welding products in the U.S. in the near future.
U.S. Resistance Welding Products Market: Leading Players
Key players operating in the resistance welding products market in the U.S. are Spotwelding Products, Inc., Tuffaloy Products, Inc., CenterLine Holdings Inc., T. J. Snow, Co., Cal Manufacturing Inc., Weld Systems Integrators (WSI), Spotco, Resistance Welding Machine & Accessory, Milco Manufacturing., and AMADA WELD TECH.
U.S. Resistance Welding Products Market: Segmentation
U.S. Resistance Welding Products Market, by Process
- Spot Welding
- Projection Welding
- Seam Welding
- Other (Flash & Butt Welding)
U.S. Resistance Welding Products Market, by Material
- Others (including Tungsten, Molybdenum, and Magnesium)
U.S. Resistance Welding Products Market, by End User
- Food & Beverages
- Electronic Appliances
- Others (including Steel and Packaging)
U.S. Resistance Welding Products Market, by Product Type
- Shanks & Adapters
- Welding Cables
- Others (including Consumables)
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