At 4.0% CAGR, the Europe Seam Welding Machine Market is projected to be worth US$ 392.69 Million by 2028, says Business Market Insights

According to Business Market Insights’ research, the Europe seam welding machine market was valued at US$ 310.96 million in 2022 and is expected to reach US$ 392.69 million by 2028, registering a CAGR of 4.0% from 2022 to 2028. Rising adoption of industry 4.0 and increasing adoption in energy, shipbuilding, and construction industries are the critical factors attributed to the market expansion.

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. The industry 4.0 ready seam welding machines consist of several microprocessors connected by bus systems, and they form a network internally. This architecture allows flexible implementation of a variety of system configurations with few different base devices. 

Industry 4.0 fully automates production processes with minimal to little human intervention. It works on the industrial internet of things (IIoT), cyber-physical systems, cloud computing, cloud robotics, and big data. As a result, welding robot manufacturers are moving to produce networked and intelligent robots compatible with Industry 4.0. Many end-use industries, such as automotive & transportation, metals & machinery, electrical & electronics, and aerospace & defense, have started implementing the industry 4.0 concept in their manufacturing processes to harness the advantages associated with it, including increased productivity, flexibility, and safety; better quality; decreased need for consumables; and reduced production costs.

Another key factor that is boosting the demand for Industry 4.0 in the seam welding machine market is data security. 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.  

On the contrary, high maintenance and operating costs hurdles the growth of Europe seam welding machine market.

Based on mode, the Europe seam welding machine market is segmented into intermittent seam welding and continuous seam welding segment. The continuous seam welding segment accounted for 74.8% market share in 2022, amassing US$ 232.69 million. It is projected to garner US$ 287.92 million by 2028 to expand at 3.6% CAGR during 2022–2028.

Based on operation, the Europe seam welding machine market is segmented into manual, semi-automatic and automatic segment. With 56.5% share of the domain automatic segment accounted for the largest share of the seam welding machine market in 2022. It accrued US$ 175.68 million in 2022 and is estimated to generate US$ 232.34 million by 2028 to grow at a CAGR of 4.8% over the forecast period.

Based on industry, the Europe seam welding machine market is categorized into construction, automotive, oil and gas, manufacturing, and others. With 28.5% share of the domain, the construction segment dominated the market in 2022. It accrued US$ 88.57 million in 2022 and is estimated to generate US$ 128.42 million by 2028 to grow at a CAGR of 6.4% over the forecast period.

Based on country, the market is segmented into France, Germany, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that the Germany captured 35.2% market share in 2022. It was assessed at US$ 109.50 million in 2022 and is likely to hit US$ 157.89 million by 2028, exhibiting a CAGR of 6.3% during the forecast period.    

Key players dominating the Europe seam welding machine market are A.C.T Otomotiv Müh. Dan. San. Tic. Ltd. Şti.; Emerson Electric Co; LEISTER TECHNOLOGIES; Schnelldorfer Maschinenbau GmbH; SPIRO INTERNATIONAL Inc, among others.

• In 2021, Emerson announced the launch of its new Branson GMX-20MA ultrasonic metal spot welder. This advanced spot welder bonds nonferrous metals, including bus bars, foils, switches, and wire terminations in automotive electrical systems, electric vehicles, batteries, battery packs, power storage systems, and related applications.

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com