Seam welding machine market size is projected to reach US$ 1,649.31 million by 2031 from US$ 1,187.75 million in 2023. The market is expected to register a CAGR of 4.2% in 2023–2031. Seam welding machines consist of one or two motor-driven wheels that create a series of over-lapping spot welds on the steel sheet components for achieving air and liquid-proof sealing on the welded components. The seamless current passes through these roller sheets, and the welded components are pressed in between them. Growing demand for seam welding machines across different industries, including automotive, industrial fabrications, construction energy, and power, among others, drives the market growth during the forecast period.
Seam Welding Machine Market Analysis
The seam welding machines market is dominated by Asia Pacific countries such as India, China, South Korea, Japan, and many others. This is owing to increasing demand from the automotive manufacturing facilities across the Asia Pacific countries drives the market growth. India's auto components manufacturing imports reached US$ 20.3 billion in 2023, with a significant share of 30% from China. Indian government is boosting the domestic manufacturing of electric vehicles is driving the seam welding machine market growth.
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Seam Welding Machine Market: Strategic Insights
Market Size Value in US$ 1,142.87 Million in 2022 Market Size Value by US$ 1,444.41 Million by 2028 Growth rate CAGR of 4.0% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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Seam Welding Machine Market: Strategic Insights
| Market Size Value in | US$ 1,142.87 Million in 2022 |
| Market Size Value by | US$ 1,444.41 Million by 2028 |
| Growth rate | CAGR of 4.0% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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Seam Welding Machine Market Overview
Seam Welding Machine Market Drivers and Opportunities
Growing Demand for Seam Welding Machines in the Automotive Sector is Boosting the Seam Welding Machine Market
Automotive production increased by 11.5% in 2022 compared to 2023, amounting to about 92 million units globally. The increase in production primarily drives the demand for advanced machines such as robotic welding seamless welding machines for automotive panels manufacturing by the leading automotive OEMs. Such rapid growth of automotive vehicle production across the advanced economies globally has driven the seam welding machine market growth in the automotive sector. Further, rising electric vehicle production with the emergence of hybrid electric vehicles is gaining popularity in the seam welding machine market.
Rising Energy and Power Sector Across the Globe are Expected to Create Ample Opportunities for Market Growth
Increasing demand for the fabrication of solar panel stands, and industrial boilers in the energy and power sector is expected to create ample opportunity for the seam welding machine market growth during the forecast period. For instance, in January 2024, Mortenson and Terra-Gen launched the largest solar panel and energy storage project named Edwards & Sanborn Solar in the US. Mortenson is the procurement, engineering, and construction service contractor for this project in the US. Increasing such projects across the globe is expected to create ample opportunity for the global seam welding machine market growth during the forecast period.
Seam Welding Machine Market Report Segmentation Analysis
Key segments that contributed to the derivation of the seam welding machine market analysis are mode, operation, and industry.
- Based on mode, the market is segmented into intermittent seam welding and continuous seam welding. Among these, continuous seam welding has the largest share owing to the increasing demand across automotive production across the globe.
- Based on operation, the seam welding machine market is categorized into manual, semi-automatic, and automatic.
- Based on industry, the market is segmented into construction, automotive, oil and gas, manufacturing, and others. Among these, the automotive industry has the largest share in 2023, this is owing to increasing automotive production across the globe.
Seam Welding Machine Market Share Analysis by Geography
The geographic scope of the Seam Welding Machine market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
Based on geography, the seam welding machine market is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). Asia Pacific is expected to account for the largest market share in 2023, and it is likely to retain its dominance during the forecast period. Further, the seam welding machine market in this region is expected to witness the highest CAGR during the forecast period. This is owing to increasing automotive production in the Asia Pacific countries such as China, Japan and India. For instance, in 2023, the Indian automotive manufacturers planned to invest more than US$ 7 billion by 2028 to strengthen its local automotive components production, such as electric motors, car panels, chassis and many others. Also, in March 2024, Autoneum planned to expand its production in Asia Pacific countries such as China and India. The company planned to open two new plants in Pune across Western India and in Changchun in Jilin, China. Increasing such investment in the automotive sector across the Asia Pacific countries has created massive demand for the seam welding machine market growth.
Europe is expected to hold the second-largest share of the seam welding machine market in 2023. In contrast, Germany is expected to be the dominant contributor to the regional seam welding machine market. Europe is home to top automakers, including Mercedes, Volkswagen, Skoda, BMW, and Audi. According to the Policy Department for Economic, Scientific, and Quality of Life Policies, the COVID-19 pandemic indirectly impacted over 1.1 million jobs due to the shutdown of automotive factories from March to May 2020.
Moreover, vehicle sales plummeted across Europe in 2020, while original equipment manufacturers (OEMs) announced further delays in the reopening of their assembly plants. In addition to a drop in demand for passenger cars and LCVs, disruptions in raw material supply chains due to limitations on cross-border movements led to delays in the supply of equipment, such as welding machines. However, the COVID-19 pandemic and its repercussions encouraged manufacturing companies to digitize and automate their operations, which allowed them to revive their operations in late 2020. Such revival efforts by manufacturing companies are creating future growth opportunities for seam welding machine providers in Europe.
Seam Welding Machine Market Report Scope
Seam Welding Machine Market News and Recent Developments
The Seam Welding Machine market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for innovations, business expansion, and strategies:
- In 2022, Stealth, a global manufacturing expert in performance gear, launched a first-to-market, patented seam welding technology that removes the need for stitching. The technology results in warmer, tougher, and entirely durable seams for longer-lasting products that protect adventurers from the harshest elements. (Source: Eurofins, Press Release)
- In 2022, Miller Electric launched a single-wire automated Hercules high-deposition MIG welding system. The Hercules welding system enhances the welding capacity without additional cost requirements related to the welding cells. This is a seamless welding machine with high deposition rates and enhances productivity by up to 30%. (Source: SGS, Newsletter)
Seam Welding Machine Market Report Coverage and Deliverables
The “Seam Welding Machine Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering the following areas:
- Seam Welding Machine Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Seam Welding Machine Market Trends
- Detailed PEST Analysis and SWOT analysis
- Seam Welding Machine Market Analysis covering key market trends, Global and regional framework, major players, regulations, and recent market developments.
- Seam Welding MachineMarket Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments.
- Detailed Company Profiles
- Emerson Electric Co.
- Dahching Electric Industrial
- Franzan
- Koike Aronson, Inc.
- Leister Technologies
- Cruxweld
- Miller Weldmaster
- Schnelldorfer Maschinenbau
- Spiro International
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Mode, Operation, and Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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