The seam welding machine market in Europe is expected to grow from US$ 310.96 million in 2022 to US$ 392.69 million by 2028. It is estimated to grow at a CAGR of 4.0% from 2022 to 2028.
Increasing Adoption in Energy, Shipbuilding, and Construction Industries
Robust expansion of the global energy (the wind power sector in particular), shipbuilding, and construction industries will provide robust growth for the seam welding machine market in the long term. Further, the growing demand for steel and other metal products in shipbuilding and construction sectors is boosting the use of innovative seam welded steel, which is anticipated to fuel the market growth. Moreover, the rising growth in aerospace, automotive, transportation, and shipbuilding industries is boosting the high growth in the seam welding machine market. The seam welding machine has high growth prospects in the shipbuilding construction business.
Market Overview
The European seam welding machine market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The economically strong countries, including Germany, Italy, the UK, and Spain, have witnessed significant growth in demand for seam welding machines owing to a rise in construction projects in the commercial, residential, and industrial sectors. The residential construction market in Germany is expected to grow owing to increasing urbanization at a faster pace, further leveraging the demand for welded products that helps drive the market growth. According to the reported news in Germany, 3.6 billion migrants are expected to arrive in Germany by 2024; thus, Germany needs at least 350,000 additional homes annually. Therefore, the German government has established the Housing Construction Campaign, a comprehensive package of policies targeting housing shortages and rising house prices, to alleviate pressure on the housing market. Per the Euroconstruct, the number of permits for new nonresidential buildings has skyrocketed, and double-digit growth is expected across European countries. The European Commission’s Renovation Wave aims to renovate thirty-five million buildings during the forecast period. The Crown Round III Offshore Wind Farm Development, Madrid Metro Expansion, Corridor 11 Pozega to Boljare Motorway, Krampnitz Housing Development, and Nantes New CHU Hospital Development are among the major construction projects lined-up in Europe with an approximate investment worth US$ 12.66 billion in 2022. According to the European Climate, Infrastructure and Environment Executive Agency, ~135 transport infrastructure projects have been selected for EU grants, totaling US$ 5.26 billion. These projects will likely boost the EU’s railway network, including cross-border links and connections to ports and airports. Under the CEF Transport program (2021–2027), US$ 25.17 billion are available for the transition of the preceding projects in the EU Member States. Since 2014, CEF has supported over 1030 projects in the transport sector for a total amount of US$ 22.44 billion. Thus, such a rise in the number of industrial, transportation, and other construction projects is augmenting the demand for seam welding machines in Europe.
Europe Seam Welding Machine Market Revenue and Forecast to 2028 (US$ Million)
Europe Seam Welding Machine Market Segmentation
The Europe seam welding machine market is segmented into mode, operation, industry, and country. 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 the larger share of the seam welding machine market in 2022.
Based on operation, the Europe seam welding machine market is segmented into manual, semi-automatic and automatic segment. The automatic segment accounted for the largest share of the seam welding machine market in 2022.
Based on industry, the Europe seam welding machine market is categorized into construction, automotive, oil and gas, manufacturing, and others. The construction segment accounted for the largest share of the seam welding machine market in 2022.
Based on country, the market is segmented into France, Germany, Italy, the UK, Russia, and the Rest of Europe. Germany dominated the market in 2022.
A.C.T Otomotiv Müh. Dan. San. Tic. Ltd. Şti.; Emerson Electric Co; LEISTER TECHNOLOGIES; Schnelldorfer Maschinenbau GmbH; and SPIRO INTERNATIONAL Inc are the leading companies operating in the seam welding machine market in the region.
At 4.0% CAGR, the Europe Seam Welding Machine Market is speculated to be worth US$ 392.69 Million by 2028, says The Insight Partners
According to The Insight Partners’ 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.
