| Product Code: ETC8636257 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The import shipments of stud welding machines to Nigeria in 2024 continued to be dominated by top exporting countries such as China, USA, Germany, South Korea, and Belgium. The market concentration, as measured by the HHI, remained high in 2024, indicating a competitive market landscape. Despite a significant decline in the CAGR from 2020 to 2024, there was a notable growth rate increase from 2023 to 2024, suggesting a potential resurgence in demand for stud welding machines in Nigeria. This data highlights the ongoing importance of these key exporting countries in supplying stud welding machines to the Nigerian market.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Nigeria Stud Welding Machine Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Stud Welding Machine Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Stud Welding Machine Market - Industry Life Cycle |
3.4 Nigeria Stud Welding Machine Market - Porter's Five Forces |
3.5 Nigeria Stud Welding Machine Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Nigeria Stud Welding Machine Market Revenues & Volume Share, By Operation, 2021 & 2031F |
3.7 Nigeria Stud Welding Machine Market Revenues & Volume Share, By Stud Range, 2021 & 2031F |
3.8 Nigeria Stud Welding Machine Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 Nigeria Stud Welding Machine Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Nigeria Stud Welding Machine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Nigeria Stud Welding Machine Market Trends |
6 Nigeria Stud Welding Machine Market, By Types |
6.1 Nigeria Stud Welding Machine Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Stud Welding Machine Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Nigeria Stud Welding Machine Market Revenues & Volume, By Capacitor Discharge Stud Welder, 2021- 2031F |
6.1.4 Nigeria Stud Welding Machine Market Revenues & Volume, By Short Cycle / Drawn Arc Stud Welder, 2021- 2031F |
6.2 Nigeria Stud Welding Machine Market, By Operation |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Stud Welding Machine Market Revenues & Volume, By Automatic, 2021- 2031F |
6.2.3 Nigeria Stud Welding Machine Market Revenues & Volume, By Semi-automatic, 2021- 2031F |
6.3 Nigeria Stud Welding Machine Market, By Stud Range |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Stud Welding Machine Market Revenues & Volume, By Below 3 mm, 2021- 2031F |
6.3.3 Nigeria Stud Welding Machine Market Revenues & Volume, By 3-12 mm, 2021- 2031F |
6.3.4 Nigeria Stud Welding Machine Market Revenues & Volume, By 12-18 mm, 2021- 2031F |
6.3.5 Nigeria Stud Welding Machine Market Revenues & Volume, By 18 mm & Above, 2021- 2031F |
6.4 Nigeria Stud Welding Machine Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Nigeria Stud Welding Machine Market Revenues & Volume, By Automotive, 2021- 2031F |
6.4.3 Nigeria Stud Welding Machine Market Revenues & Volume, By Construction, 2021- 2031F |
6.4.4 Nigeria Stud Welding Machine Market Revenues & Volume, By Decorative and Consumer item, 2021- 2031F |
6.4.5 Nigeria Stud Welding Machine Market Revenues & Volume, By Electric Item, 2021- 2031F |
6.4.6 Nigeria Stud Welding Machine Market Revenues & Volume, By Furniture, 2021- 2031F |
6.4.7 Nigeria Stud Welding Machine Market Revenues & Volume, By Shipbuilding, 2021- 2031F |
6.5 Nigeria Stud Welding Machine Market, By Distribution Channel |
6.5.1 Overview and Analysis |
6.5.2 Nigeria Stud Welding Machine Market Revenues & Volume, By Direct, 2021- 2031F |
6.5.3 Nigeria Stud Welding Machine Market Revenues & Volume, By Indirect, 2021- 2031F |
7 Nigeria Stud Welding Machine Market Import-Export Trade Statistics |
7.1 Nigeria Stud Welding Machine Market Export to Major Countries |
7.2 Nigeria Stud Welding Machine Market Imports from Major Countries |
8 Nigeria Stud Welding Machine Market Key Performance Indicators |
9 Nigeria Stud Welding Machine Market - Opportunity Assessment |
9.1 Nigeria Stud Welding Machine Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Nigeria Stud Welding Machine Market Opportunity Assessment, By Operation, 2021 & 2031F |
9.3 Nigeria Stud Welding Machine Market Opportunity Assessment, By Stud Range, 2021 & 2031F |
9.4 Nigeria Stud Welding Machine Market Opportunity Assessment, By Application, 2021 & 2031F |
9.5 Nigeria Stud Welding Machine Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Nigeria Stud Welding Machine Market - Competitive Landscape |
10.1 Nigeria Stud Welding Machine Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Stud Welding Machine Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
To discover high-growth global markets and optimize your business strategy:
Click Here