Resistance Welding Products Market Players Consider Automotive Long-Term Revenue Outlook Key to Automation to Unlock Value: TMR
ALBANY, NY, May 24, 2021 / PRNewswire / – The resistance welding process has been widely used in the manufacture of components for the electrical and electronic industry. A wide range of electrical components are manufactured using this technology. The expansion of welding power supplies and the general advancement of manufacturing technologies have propelled growth prospects in the United States. resistance welding products market. In particular, the regional market has been active in adopting robotics in factories operating end-use industries. Another key trend that has helped gamers see new sources of revenue is the use of additive manufacturing technologies. Resistance welding can be used to define a unique set of parameters, allowing manufacturers to achieve high quality metal-to-metal assemblies. The cases are aluminum-aluminum and steel-to-steel gaskets for the automotive industry.
Focusing on eliminating all of the major drawbacks of spot welding through the integration of automation will help increase the revenue potential in the US resistance welding product market.
Opportunities are projected to reach ~ US $ 200 million by the end of 2031, with a modest CAGR of around 5% from 2021 to 2031. Some of the major end-use industries are the food and beverage, pharmaceuticals, white goods and clothing industries. electronic.
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Key Findings of Resistance Welding Products Market Research
- Technological advancements to overcome the limitations of previous welding devices: spot welding has generated considerable demand. However, there are a few limitations that prevent end users from adopting it. In this regard, manufacturers are harnessing the potential of automation technologies, so that spot welding can be used for high-volume production of heavy machinery and components such as rail tracks and fuel tanks. The adopted automation technology has eliminated the need for fillers, further reducing the overall cost of welding, making them more attractive.
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- Consumer electronics and other high volume production applications: The increased demand for precise electronic components to meet the demand for consumer devices is increasing in the United States and is seen as a generator of substantial revenue streams. US smartphone revenues have proliferated in recent years. With governments banning imports China, in-house production has also received a boost since 2020. In addition, increasing production volumes of automakers is a key factor driving the use or application of resistance welding products. Automakers increasingly demand components that comply with ISO standards and standards that support the Unified Numbering System (UNS). Examples are the demand for standard electrodes, plates and flat bars. Thus, the automotive industry is likely to be the opportunity to capture value for players in the US resistance welding products market. It should be noted that an increasing number of car manufacturers are entering into agreements and partnerships with producers of resistance welding products.
- Industrial robotics to support the next wave of automation: Advanced technology in industrial robotics is seen as the next wave of innovation for resistance welding product manufacturers and their customers. For example, recent advancements in welding cables have greatly benefited the food and beverage industry. The adoption of advanced machining technologies has enabled players to meet the customized needs of companies in the US market.
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Resistance Welding Products Market: Key Factors and Avenues
- Advances in instrumentation and machining technologies in various manufacturing sectors are boosting demand potential in the U.S. market for resistance welding products
- Growing appetite of middle-class consumers drives the market
- Growing demand for automobiles, especially electric vehicles, drives growth momentum
- Tuffaloy Products, Inc
- TJ Snow, Co
- Milco manufacturing
- Cal Manufacturing Inc.
- CenterLine Holdings Inc.
- Spotwelding Products, Inc.
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