Jan 27, 2023   SOURCE: BusinessWire

The Worldwide Seam Welding Machine Industry is Expected to Reach $1.4 Billion by 2028: Increasing Adoption in Energy, Shipbuilding, and Construction Industries Worldwide Drives Growth - ResearchAndMarkets.com

The "Seam Welding Machine Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Mode, Operation, and Industry" report has been added to ResearchAndMarkets.com's offering.

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 growing adoption of Industry 4.0 in manufacturing, automotive, and construction sectors is expected to boost the demand for seam welding machines. The welding equipment or machines needs to be equipped with high-performance information and communication technology, and customized sensors so that all production-relevant information can be digitized and helps manage the necessary real-time behavior of the system.

Data security is another key factor boosting the demand for Industry 4.0 in the seam welding machine market. In addition to a high degree of computerization of the individual production facilities, its integration into local networks, open network structures, and globally valid standards for data security; transfer, and interfaces are necessary. Thus, digital security integration in industry 4.0 is expected to boost the growth of the seam welding machine market.

The manufacturing and automotive industries are shifting toward laser welding technologies as they improve product quality and help reduce production costs. In the automotive sector, a fast assembly line manufacturing process involves laser-based welding operations.

Further, the growing trend of fiber laser welding, and semiconductor laser welding is anticipated to provide new opportunities for the seam welding machine market. Fiber laser welding uses optical fibers for oscillations and semiconductor lasers. The growing popularity of hybrid laser welding in automotive component manufacturing due to its high welding speeds and strong gap resistance is expected to contribute to market growth during the forecast period.

Asia Pacific holds a substantial share of the overall seam welding machine market owing to the growing energy, shipbuilding, and construction sectors across China, India, and other developing economies. Moreover, enhanced foreign direct investment (FDI) equity inflow supports projects in the oil & gas sector, and aerospace and heavy machinery industries. Several foreign automobile companies have formed their manufacturing base in China and India.

Further, the construction industry is rapidly evolving in these countries due to rising manufacturing business activities involving commercial and noncommercial constructions. According to the Ministry of Ministry of Micro, Small & Medium Enterprises (MSME), the estimated investment in urban infrastructural projects is US$ 650 billion in India. The total planned investment in India on the infrastructure sector till 2030 is US$ 1.0 trillion.

Market Dynamics

Drivers

  • Increasing Adoption in Energy, Shipbuilding, and Construction Industries Worldwide
  • Rising Adoption of Industry 4.0

Restraints

  • High Maintenance and Operating Costs

Opportunities

  • Increase in Demand for Laser-Based Beam Welding

Future Trends

  • Advancements in Automated Seam Welding Technology

Companies Mentioned

  • Emerson Electric Co.
  • Dahching Electric Industrial
  • Franzan
  • Koike Aronson, Inc.
  • Leister Technologies
  • Cruxweld
  • Miller Weldmaster
  • Schnelldorfer Maschinenbau
  • Spiro International

For more information about this report visit https://www.researchandmarkets.com/r/bsy0ii-welding?w=4