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The demand for seam welding machine is projected to rise at a steady CAGR of 3.8% during 2022-2032. The global seam welding machine market size is anticipated to be valued at US$ 1,415.6 Mn in 2022 and is projected to surpass US$ 2,055.5 Mn by 2032.
The growing demand from end users such as the construction and infrastructure, consumer durable goods, and transportation industries is propelling the growth of the seam welding machine market. Additionally, increased demand for new automobiles and aircraft, as well as increased use of seam welding machines in the construction and infrastructure industries, are expected to drive seam welding machine sales through 2032.
The seam welding machine produces a very strong weld. This machine’s precisely welded joint could be stronger than the material used to make it. As a result, this factor is propelling the market share of seam welding machines.
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The market for seam welding devices is expected to expand as the method and machine become more cost-effective. However, welding with this machine is only possible along a fixed curve or line. Welding becomes difficult when sheets that must be joined together have a thickness greater than 3 mm, limiting the growth of the seam welding machine market.
Furthermore, because the disc-shaped electrodes cannot exert the required uniform pressure, this machine cannot weld obstruction-causing metal sheets with uneven surfaces. Another issue in the market for seam welding machines is respiratory problems caused by the gases produced while welding coated metals and steels.
By 2022, North America is anticipated to have the second-largest market share, at 22.0% percent. Rapid industrialization, rising government investments in the building and infrastructure sectors, and end-users of seam welding machines are strengthening their presence in North America through expansions, alliances, and significant strategic moves. These are the factors anticipated to propel North America seam welding machine market growth during the projection period.
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Europe is expected to command a 24 % share of the seam welding machine market by 2022. This expansion is the result of factors such as ongoing improvements in welding and welding-related processes, automation trends, and advancements in infrastructure development and construction projects.
Furthermore, the rising sales of seam welding machine is brought on by the rapidly-industrialising nature of the area, the expansion of smart factories, and the adoption of industry 4.0 in manufacturing facilities.
These actions have made it possible for market participants to grow their consumer bases and operations. With the increasing demand for seam welding machines in the global market, market participants in the seam welding machine market can anticipate attractive growth prospects in the future.
The key market players profiled in the report include Cogentix Medical, Palex Medical SA, Medtronic PLC, and Rainbow Medical Group.
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Key Market Segments in the Seam Welding Machine Market
Explore wide-ranging Coverage of FMI’s Industrial Automation Market Insights Landscape
Oxy-Fuel Welding Equipment Market: The global oxy-fuel welding equipment market is anticipated to have a moderate 6.4% CAGR, capturing a revenue share of US$ 1474.6 million in 2022, to reach US$ 2734.5 million by 2032.
Laser Welding Market: Global Laser Welding’ demand is anticipated to be valued at US$ 2,758.3 Million in 2022, forecast to grow at a CAGR of 6.9% to be valued at US$ 5,387.0 Million from 2022 to 2032.
Poultry Keeping Machinery Market: The global poultry keeping machinery market is set to be valued at around US$ 5.09 Bn in 2022, registering Y-o-Y growth of 3.2%. The market is projected to increase at a CAGR of 3.6% and attain a valuation of US$ 6.54 Bn by 2028.
Compact Construction Equipment Market: The global compact construction equipment market is expected to register a CAGR of 3.8% from 2022-2032.
Laser Welding Equipment Market: The laser welding equipment market is likely to grow by US$ 373 Mn by 2025, exhibiting a CAGR of 4.8% during the forecast period 2022-2032.
Tool Holders Market: The global tool holders market to grow with a year on year growth of 5.2% in 2022 reaching a value of about US$ 1,173.4 Mn by 2022 end.
Industrial Automation Market : The global Industrial Automation Market is expected to have a significant CAGR of 7% during the forecast period to reach a valuation of US$ 51 Bn by 2026, up from US$ 36 Bn in 2021.
Testing, Inspection and Certification Market: The testing, inspection and certification market is anticipated to register a CAGR of 1.8% during the forecast period.
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