Automotive Welding Market Overview
Product Overview and Scope of Automotive Welding
Automotive welding refers to the specific application of welding techniques in the automotive industry. It involves the process of joining metal components together to create the various structures and systems found in vehicles. The primary objective of automotive welding is to create strong, reliable, and durable connections that contribute to the overall strength, safety, and performance of automobiles. The automotive industry relies heavily on welding for the fabrication and assembly of vehicle components. These components include frames, chassis, body panels, exhaust systems, suspension systems, engine mounts, and other critical parts. Welding plays a crucial role in constructing these components into a unified structure.
There are several commonly used welding methods in automotive applications: Gas Metal Arc Welding (GMAW/MIG) also known as Metal Inert Gas (MIG) welding, is a widely used method in the automotive industry. It employs a consumable wire electrode that is continuously fed through a welding gun. An electric arc is created between the electrode and the workpiece, generating intense heat that melts the wire and the base metal. A shielding gas is used to protect the weld pool from atmospheric contamination.
Gas Tungsten Arc Welding GTAW, or Tungsten Inert Gas (TIG) welding, is another commonly employed method in automotive welding. It uses a non-consumable tungsten electrode to create an arc and generate heat. A filler rod may be added manually if necessary. TIG welding provides precise control over the welding process, producing high-quality welds with excellent aesthetics. Spot welding is extensively used in automotive manufacturing, especially for joining sheet metal components.
Automotive Welding Market – Global Industry Analysis
Market Drivers
- Increasing vehicle production significantly boosts the automotive welding market growth
Automotive welding plays a crucial role in the assembly and manufacturing of vehicles. It involves joining different components and parts to create the vehicle's structural framework, body, and other essential elements. Welding is used in various stages of vehicle production, including chassis fabrication, body panel assembly, frame construction, and engine component integration. As vehicle production increases, there is a higher demand for welding processes to join these components efficiently and securely. The automotive industry produces a wide range of vehicles, including passenger cars, commercial vehicles, sports utility vehicles (SUVs), electric vehicles (EVs), and autonomous vehicles (AVs). Each vehicle segment requires specific welding techniques and technologies tailored to its unique design, materials, and manufacturing processes. As the production of diverse vehicle segments increases, the demand for specialized automotive welding technologies and services also grows. For example, EVs often use lightweight materials like aluminum, requiring advanced welding techniques to ensure efficient and reliable joints.
- Lightweight vehicle manufacturing anticipatedly drives the market growth
- Rising demand for electric & autonomous vehicles and stringent safety & quality standards eventually drives the market growth
Global Automotive Welding Revenue by Regions (2018-2023)
Global Automotive Welding Revenue and Market Share (%) by regions (2018-2023)
Global Automotive Welding Revenue (USD Billion) by regions
|
2018 |
2019 |
2020 |
2021 |
2022 |
2025 |
2030 |
CAGR |
|
|
North America |
XX |
XX |
XX |
XX |
XX |
XX |
XX |
XX |
|
Europe |
XX |
XX |
XX |
XX |
XX |
XX |
XX |
XX |
|
Asia Pacific |
XX |
XX |
XX |
XX |
XX |
XX |
XX |
XX |
|
Latin America |
XX |
XX |
XX |
XX |
XX |
XX |
XX |
XX |
|
Middle East & Africa |
XX |
XX |
XX |
XX |
XX |
XX |
XX |
XX |
|
Total |
XX |
XX |
XX |
XX |
7.62 |
XX |
XX |
4.6% |
Global Automotive Welding Revenue Market Share (%) by regions in 2022
|
Global Automotive Welding Revenue Market Share (%) by regions in 2022 |
|
|
|
Source: Cognitive Market Research |
North America dominates the passenger vehicles market because of the high purchase of passenger cars within the region. For instance, U.S. light vehicle sales in December 2022 of 1,287,280 units were up 5.4% as compared to the same month in 2021. Truck and SUV sales increased 5.3% from last December to 1,020,952 units, while passenger car sales increased 5.7% to 266,328 units.
Global Automotive Welding Revenue by Segment
Global Automotive Welding Market by Application
- Passenger Cars
- Commercial Vehicles
The passenger car segment is dominating the global automotive welding market, owing to the high demand for passenger vehicles and thereby the large production of passenger vehicles. Passenger cars have a significantly higher demand compared to other vehicle segments such as commercial vehicles or off-road vehicles.
Global Automotive Welding Market by Method of Welding
- Resistance metal inert gas (MIG) welding
- Plasma arc welding (PAW)
- Tungsten inert gas (TIG) welding
- Others
Global Automotive Welding Market by Type
- Inert Protect Type
- Semi-Inert Gas Protect Type
Global Automotive Welding Manufacturers Profiles/Analysis
ABB
ABB Company Basic Information, and Sales Area
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|
Item |
Description |
|
|
Company Name |
ABB |
|
|
Website |
new.abb.com |
|
|
Established Date |
1988 |
|
|
Headquartered |
Switzerland |
|
|
Market Position/History |
ABB was established in 1988 and the company is headquartered in Zurich, Switzerland. The company made 15 acquisitions in its first year, and in 1989, ABB purchased an additional 40 companies. In the course of time, the company expanded its presence across the regions. Further, the company has acquired several companies such as Kuhlman Electric Corporation, Baldor Electric, Thomas & Betts, Power-One, Bernecker + Rainer Industrie-Elektronik, and many others. ABB operates in more than 100 countries across the world. |
|
|
Sales Area |
Worldwide |
|
|
Manufacturing Location |
United States, Switzerland, China, India |
|
|
Ticker |
SWX |
|
|
No. of Employees |
More than 50,500 employees |
|
|
Competitors |
thyssenkrupp Steel Europe, ZF Friedrichshafen AG, Magna International Inc. |
|
|
CEO |
Bjorn Rosengren |
|
|
Ownership Type |
Public |
|
|
Contact Address |
Affolternstrasse 44, 8050 Zurich, Switzerland Tel: +41 43 317 7111 Fax: +41 43 317 4420 |
Recent Developments:
|
Year |
Latest News |
|
JULY 2018 |
ABB has acquired AB Rotech to expand automotive welding solutions ABB has acquired AB Rotech to expand robotic welding solutions and services for the automotive industry. The e AB Rotech’s engineering team covers the entire robotics welding lifecycle, from design and commissioning to electrical engineering and customer service. This acquisition will boost ABB’s robotic welding solutions offering and capability for all tiers in this growing automotive segment. |
Business Segment/ Overview:
ABB is a Switzerland-based manufacturer of automotive products. The company operates through several divisions including electrification, industrial automation, robotics, discrete automation, motion, and others. The company’s electrification segment provides electric vehicle charging infrastructure, renewable power solutions, modular substation packages, distribution automation products, switchboard and panel boards, switchgear, UPS solutions, circuit breakers, measuring, and others.
Business Strategy
ABB has done significant R&D investments to develop innovative new products and technologies to enhance product offerings. The company focuses on the expansion of its facilities across the geographies. For instance, the company has expanded its installation products plant in Canada. The company has developed and implemented a systematic approach designed to prevent, detect, and resolve any potential integrity concerns.
