The seam welding machine market is expected to grow from US$ 1,142.87 million in 2022 to US$ 1,444.41 million by 2028; it is estimated to grow at a CAGR of 4.0% from 2022 to 2028.
The demand for seam welding machines is expected to increase due to the rising adoption of Industry 4.0 in the manufacturing, automotive, and construction sectors. To meet this demand, welding equipment and machines must be equipped with high-performance information and communication technology, as well as customized sensors that can digitize all production-related information and manage the system's real-time behaviour as needed.
The growth of Industry 4.0 in the seam welding machine market is being boosted by data security, which is another key factor. To achieve this, individual production facilities need to be highly computerized and integrated into local networks, while adhering to globally recognized standards for data security, transfer, and interfaces in open network structures. Therefore, the integration of digital security in Industry 4.0 is expected to contribute to the growth of the seam welding machine market.
The adoption of laser welding technologies is on the rise in the manufacturing and automotive industries due to the improved product quality and cost-effectiveness they offer. The automotive sector has implemented laser-based welding operations to increase the speed of the assembly line manufacturing process. The emerging trend of using fiber laser welding and semiconductor laser welding is expected to create new opportunities for the seam welding machine market. Fiber laser welding utilizes optical fibers for oscillations and semiconductor lasers, and hybrid laser welding is becoming popular in the automotive component manufacturing sector due to its high welding speeds and strong gap resistance, which is expected to drive market growth in the forecast period.
The seam welding machine market in Asia Pacific region is significant due to the increasing energy, shipbuilding, and construction sectors in developing economies such as China and India. Foreign direct investment (FDI) equity inflow has contributed to the growth of projects in the oil & gas sector, aerospace, and heavy machinery industries. In addition, several foreign automobile manufacturers have established their production bases in China and India. The construction industry is also rapidly expanding in these countries, with growing commercial and non-commercial construction activities. According to the Ministry of Micro, Small & Medium Enterprises (MSME), India's urban infrastructure projects are expected to require a US$ 650 billion investment. Furthermore, the infrastructure sector in India is expected to have a planned investment of US$ 1.0 trillion until 2030.
The global seam welding machine market was dominated by Emerson, Mitusa Inc, Cruxweld, Koike Aronson Inc, and ACT Automotive in 2021. This market is highly consolidated, with several prominent players catering to both domestic and international demand. These players engage in various activities, such as new product launches, market initiatives, investments in technology upgrades, mergers & acquisitions, and other joint activities, to expand their businesses. For instance, in November 2021, K-TIG, an Australian welding machine manufacturer, expanded its reach across North America by appointing MITUSA Inc. as a new Tier 1 distributor to supply its products in the US and Mexico. Moreover, MITUSA Inc. launched a seam welding unit that uses linear rails with bearing blocks to move as the seam is made on the tube or pipe.
COVID-19 Impact on Seam Welding machine Market Size
The seam welding machine market faced the impact of the COVID-19 pandemic in North America, with a reduction in consumer willingness to make high-cost purchases and disrupted supply chains affecting automotive parts suppliers and assembly lines. The welding industry, along with others, suffered the consequences of reduced workforce availability and manufacturing facility shutdowns. The operating profits of automotive suppliers declined year-on-year, hampering the growth of the seam welding machine market. Global supply chain disruptions caused manufacturers and distributors to face challenges in replacing inventory, equipment, or machinery, and importers and exporters of welding machines found it difficult to bring in or deliver goods across international borders due to restrictions imposed on port and harbor operations. However, the rapidly expanding economies of Asia Pacific are expected to generate momentum for a worldwide economic recovery from the effects of the COVID-19 pandemic by driving demand for seam welding machines.
Companies profiled in the seam welding machine market study include Emerson Electric Co.; Dahching Electric Industrial; Franzan; Koike Aronson, Inc.; Leister Technologies; Cruxweld; Miller Weldmaster; Schnelldorfer Maschinenbau; and Spiro International.
The analysis of the seam welding machine market has been conducted using a combination of primary and secondary sources. The research process began with extensive secondary research from internal and external sources to gather qualitative and quantitative information related to the market. This process helped to obtain an overview and forecast of the market size for all market segments. In addition, industry experts and commentators were interviewed to validate the data and gain deeper analytical insights. The 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 who specialize in the seam welding machine market.