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Metal joining is a part of the mechanical manufacturing process.  Methods of metal joining include welding, brazing, soldering, and adhesive bonding. Producing a complete component by casting process is very difficult and hence metal joining process is used. Industries that benefited from metal joining process include automobile, aerospace, construction, defense and others, as these industries extensively use metal joining process for manufacturing components.

Factors Driving Growth of the Metal Joining Services Market:

Demand for electronics components is increasing, owing to rising consumption of consumer electronics products. Metal joining process such as Laser Beam Welding (LBW) is extensively used in manufacturing electronic products such as Integrated circuit (IC). Increasing manufacturing of electronics component is driving factor for global metal joining services market growth over the forecast period. For instance, according report published Indian Brand Equity foundation (IBEF), consumer electronics consumption in India was US$ 31.48 billion in 2018 and it is expected to reach around US$ 48.37 billion in 2022. Apart from consumer electronics, metal joining process is also used in automobile industry. Automobile industry is shifting from internal combustion (IC) engine to electric vehicles.

However, high initial equipment cost, and lack of research and development in the metal joining industry are factors that may hamper growth of the metal joining services market over the forecast period.

Metal Joining Services Market Trend:

Advancement in robotics technology has enabled use of robots in metal joining industries. Less skilled labors and increasing labor cost are driving companies to deploy industrial service robots in their manufacturing plants. For instance, according to a report by International Federation of Robotics (IFR), in September 2019, China had the largest number of industrial service robots in the world with share of 36% and the industrial service robotics market in the country is expected to grow in the forecast period.

Metal Joining Services Market: Regional Insights

The metal joining services market is segmented on the basis of six regions namely, North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Asia Pacific region held major share in the metal joining services market, owing to presence of large number of local players that are offering metal joining services across the region. For instance, according to Coherent Market Insights’ analysis, more than 53% of the metal joining service offering companies are local companies, present in India.

Asia Pacific is expected to remain the dominant region in the forecast period, owing to rising investment by government and private companies in the manufacturing sector and government initiatives to expand manufacturing sector. For instance, according to a report published by Indian Brand Equity Foundation (IBEF), in October 2019, during 2018–19, the Cumulative Foreign Direct Investment (FDI) in India’s manufacturing sector was valued at about US$ 44.36 billion.

Key Players in the Metal Joining Services Market:

Key players operating in the market include Prince & Izant Company, Johnson Matthey, Lucas Milhaupt Inc., Bodycote Plc., Solar Atmospheres, ThermoFusion Inc., Bluewater Thermal Solutions LLC, Keith Company, and others.

Metal Joining Services Market: Taxonomy

On the basis of type, the metal joining services market is segmented into:

  • Welding
  • Brazing
  • Soldering
  • Adhesive bonding of materials.

On the basis of application, the metal joining services market is segmented into:

  • Automotive
  • Heavy Machinery
  • Aerospace
  • Defense
  • Construction
  • Electronics
  • Others

On the basis of region, the metal joining services market is segmented into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users