Increasing vehicle production boosts the Automotive Welding Market

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

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

Recent Developments:

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.