Seam Welding Machine Market Research Report and Outlook by 2028

The seam welding machine sector is projected to expand from US$ 1,142.87 million in 2022 to US$ 1,444.41 million by 2028, reflecting a compound annual growth rate (CAGR) of 4.0% during this period.

The anticipated growth in demand for seam welding machines is largely attributed to the increasing implementation of Industry 4.0 across various sectors, including manufacturing, automotive, and construction. To satisfy this rising demand, welding equipment must incorporate advanced information and communication technologies, along with tailored sensors capable of digitizing production data and managing real-time system performance effectively.

A significant driver of growth in the seam welding machine market is the emphasis on data security, which is crucial for the advancement of Industry 4.0. For production facilities to achieve this, they must be highly computerized and integrated into local networks, while also complying with internationally recognized standards for data security, transfer, and interfaces within open network frameworks. Consequently, the integration of digital security measures in Industry 4.0 is anticipated to further propel the seam welding machine market's growth.

The rise of laser welding technologies in the manufacturing and automotive sectors is notable, as these technologies enhance product quality and offer cost efficiencies. The automotive industry has increasingly adopted laser welding techniques to accelerate assembly line processes. The growing trend of utilizing fiber laser welding and semiconductor laser welding is expected to open new avenues for the seam welding machine market. Fiber laser welding employs optical fibers for oscillations, while semiconductor lasers are gaining traction. Hybrid laser welding is particularly favored in automotive component manufacturing due to its rapid welding capabilities and robust gap resistance, which is likely to stimulate market growth in the upcoming years.

In the Asia Pacific region, the seam welding machine market is particularly robust, driven by the burgeoning energy, shipbuilding, and construction industries in developing nations like China and India. The influx of foreign direct investment (FDI) has significantly bolstered projects in sectors such as oil & gas, aerospace, and heavy machinery. Additionally, numerous international automotive manufacturers have set up production facilities in China and India. The construction sector is also witnessing rapid growth in these countries, with an increase in both commercial and non-commercial construction activities. According to the Ministry of Micro, Small & Medium Enterprises (MSME), urban infrastructure projects in India are projected to require an investment of US$ 650 billion. Furthermore, the infrastructure sector in India is expected to see a planned investment of US$ 1.0 trillion by 2030.

In 2021, the global seam welding machine market was primarily led by companies such as Emerson, Mitusa Inc, Cruxweld, Koike Aronson Inc, and ACT Automotive. This market is characterized by a high level of consolidation, with several key players addressing both domestic and international market needs. These companies engage in a variety of strategies, including launching new products, initiating market campaigns, investing in technological advancements, and pursuing mergers and acquisitions to enhance their market presence. For example, in November 2021, K-TIG, an Australian manufacturer of welding machines, expanded its operations in North America by appointing MITUSA Inc. as a new Tier 1 distributor for its products in the US and Mexico. Additionally, MITUSA Inc. introduced a seam welding unit that utilizes linear rails with bearing blocks to facilitate movement during the welding process on tubes or pipes.

Impact of COVID-19 on the Seam Welding Machine Market

The seam welding machine market experienced significant challenges due to the COVID-19 pandemic, particularly in North America, where consumer reluctance to make high-value purchases and disrupted supply chains adversely affected automotive parts suppliers and assembly lines. The welding industry, like many others, faced difficulties stemming from reduced workforce availability and temporary shutdowns of manufacturing facilities. Consequently, the operating profits of automotive suppliers declined year-on-year, hindering the growth of the seam welding machine market. Global supply chain disruptions posed challenges for manufacturers and distributors in replenishing inventory, equipment, or machinery, while importers and exporters of welding machines encountered difficulties in transporting goods across international borders due to restrictions on port and harbor operations. Nevertheless, the rapidly growing economies in the Asia Pacific region are expected to drive a global economic recovery from the pandemic's impacts, thereby increasing demand for seam welding machines.

The companies analyzed in the seam welding machine market report include Emerson Electric Co., Dahching Electric Industrial, Franzan, Koike Aronson, Inc., Leister Technologies, Cruxweld, Miller Weldmaster, Schnelldorfer Maschinenbau, and Spiro International.

The assessment of the seam welding machine market was conducted through a combination of primary and secondary research methodologies. The research process commenced with extensive secondary research from both internal and external sources to gather qualitative and quantitative data relevant to the market. This approach facilitated the development of an overview and forecast of the market size across all segments. Furthermore, interviews with industry experts and commentators were conducted to validate the data and gain deeper analytical insights. Participants in the study typically included VPs, business development managers, market intelligence managers, national sales managers, as well as external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the seam welding machine market.