North America Seam Welding Machine Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Mode (Intermittent Seam Welding and Continuous Seam Welding), Operation (Manual, Semi-Automatic, and Automatic), and Industry (Construction, Automotive, Oil & Gas, Manufacturing, and Others)
The seam welding machine market in North America is expected to grow from US$ 249.23 million in 2022 to US$ 307.25 million by 2028. It is estimated to grow at a CAGR of 3.5% from 2022 to 2028.
Rising Adoption of Industry 4.0
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.
The US, Canada, and Mexico are among the major economies in North America. The presence of many well-established and technologically advanced manufacturing businesses benefits this region's seam welding machine market. With increasing government investments in transportation, building, and infrastructure sectors, the US dominates the market in North America. Seam welding machines are used in the building and construction industries on a large scale; thus, the rising number of residential and commercial building construction projects boosts the market growth across the region. Governments in North American countries are taking initiatives to build the smart industrial sector. For instance, in November 2021, the US Congress passed a US$ 1 trillion infrastructure spending bill; the infrastructure legislation in the country proposes US$ 550 billion in new federal expenditure over the next eight years for upgrading roads, bridges, and highways and modernizing city transit systems and passenger rail networks. Such a rise in spending on infrastructure projects favors the growth of the construction industry, thereby bolstering the demand for seam welding machines.
North America is one of the world's largest and wealthiest economies, and construction is the backbone of its economy. The region has witnessed a remarkable rise in infrastructure and construction over the last decade. In Canada, ~50 skyscrapers reached completion in major cities such as Toronto, Vancouver, and Calgary. According to a study by Zillow, a real estate company, the total value of private residential real estate in the US will increase by US$ 6.9 trillion in 2021. Further, the real estate industry had predicted that home prices would rise at a year-on-year rate of 22% in the first half of 2022. Thus, a rise in construction activities in the residential sector is augmenting the need for more welded products, thereby driving the demand for seam welding machines.
Many large retailers are expanding their e-commerce operations amid the pandemic-led boom in online businesses, propelling the demand for industrial spaces in North America. As a result, industrial developers are looking for more unconventional spots for building warehouses. Per the Commercial Real Estate Services (CBRE), an American commercial real estate services and investment firm, retail and wholesale were the second-largest occupiers of industrial and commercial buildings in the US, as of 2022, as they occupy 27.4% of the total available space, up from 24% in 2021. Thus, a surge in need for industrial spaces and a consequent rise in construction activities fuel the demand for seam welding machines in North America.
North America Seam Welding Machine Market Revenue and Forecast to 2028 (US$ Million)
North America Seam Welding Machine Market Segmentation
The North America seam welding machine market is segmented into mode, operation, industry, and country. Based on mode, the North America 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 North America 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 North America 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 the US, Canada, and Mexico. The US dominated the market in 2022.
A.C.T Otomotiv Müh. Dan. San. Tic. Ltd. Şti.; Emerson Electric Co; KOIKE ARONSON, INC.; Miller Electric Manufacturing Co.; and MITUSA Inc are the leading companies operating in the seam welding machine market in the region.
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