+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)
Sale

Asia Pacific Seam Welding Machine Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Mode, Operation, and Industry

  • PDF Icon

    Report

  • 96 Pages
  • December 2022
  • Region: Asia Pacific
  • The Insight Partners
  • ID: 5715107
UP TO OFF until Mar 15th 2023
The seam welding machine market in Asia Pacific is expected to grow from US$ 398.63 million in 2022 to US$ 540.80 million by 2028. It is estimated to grow at a CAGR of 5.2% from 2022 to 2028.

Increasing Adoption in Energy, Shipbuilding, and Construction Industries in Asia Pacific

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. In Asia Pacific, increasing number of foreign direct investments have boosted the growth of oil & gas industries, aviation, and heavy machinery sector. Several foreign automobile companies have formed their manufacturing base in developing economies such as China and India due to rising automotive industry. These trends have positively impacted the demand for seam welding equipment and consumables. 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.
The construction industry is growing rapidly in developing countries such as China and India. The growing demand for seam welding machines is due to augmented activities in manufacturing industries and commercial and noncommercial construction activities. For instance, the Indian Government planned to develop one hundred smart cities and five hundred Atal Mission for Rejuvenation and Urban Transformation (AMRUT) cities. According to the Ministry of MSME, the estimated investment in urban infrastructural projects is US$ 650 billion in India. The total planned investment in the infrastructure sector is US$ 1.0 trillion.
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 seam welding machine market in APAC is segmented into China, India, Japan, Australia, South Korea, and the Rest of APAC. China, India, and Japan dominate the market in this region due to rapidly growing construction activities. Despite economic challenges, the construction industry in Asia Pacific recorded significant growth with notable investments and business expansions in 2021. Per the Building and Construction Authority (BCA), construction activities are expected to reach pre-pandemic levels, as contracts worth ~US$ 23.13 billion are likely to be awarded in 2022. Moreover, enormous potential for the development of single-family housing and multi-family housing units would trigger the demand for construction activities in the coming years. The proliferating construction industry in developing economies is further bolstering the demand for seam welding machines. For instance, in August 2022, Cambodia attracted construction investment projects with a total investment worth US$ 1.2 billion in the first half of 2022.
The automotive industry is another flourishing industry that benefitted from favorable government initiatives in Asia Pacific countries. According to the International Organization of Motor Vehicle Manufacturers, in 2020, China produced the highest number of vehicles globally, including 310,000 commercial vehicles and 1.77 million passenger cars. According to the India Brand Equity Foundation, India'ss annual production of automobiles in 2021 was 22.65 million, and it produced thirteen million vehicles from April 2021 to October 2021. Furthermore, the Government of India expects to attract US$ 8 - ten billion in local and foreign investments in the automobile sector by 2023. In this section, seam welding machines are used in every stage of the manufacturing process.
Government and financial institutions are increasingly supporting the development of the industrial sector in Asia Pacific. In July 2022, the Asian Development Bank (ADB) approved US$ 13 million for providing financial assistance to thrive the business activities in five Pacific countries. This support will help government-owned banks in Samoa, Fiji, Solomon Islands, Tonga, and Vanuatu to increase the number and volume of loans to micro, small, and medium-sized enterprises. The subsequently projected rise in industrialization is likely to favor the seam welding machine market growth in Asia Pacific countries in the coming years..

Asia Pacific Seam Welding Machine Market Segmentation

The Asia Pacific seam welding machine market is segmented into mode, operation, industry, and country. Based on mode, the Asia Pacific 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 Asia Pacific 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 Asia Pacific seam welding machine market is categorized into construction, automotive, oil and gas, manufacturing, and others. The manufacturing segment accounted for the largest share of the seam welding machine market in 2022.
  • Based on country, the market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the market in 2022.
CRUXWELD; Dahching Electric Industrial Co. Ltd.; Emerson Electric Co; and LEISTER TECHNOLOGIES are the leading companies operating in the seam welding machine market in the region.
Frequently Asked Questions about the Asian Pacific Seam Welding Machine Market

What is the estimated value of the Asian Pacific Seam Welding Machine Market?

The Asian Pacific Seam Welding Machine Market was estimated to be valued at $398.63 Million in 2022.

What is the growth rate of the Asian Pacific Seam Welding Machine Market?

The growth rate of the Asian Pacific Seam Welding Machine Market is 5.2%, with an estimated value of $540.8 Million by 2028.

What is the forecasted size of the Asian Pacific Seam Welding Machine Market?

The Asian Pacific Seam Welding Machine Market is estimated to be worth $540.8 Million by 2028.

Who are the key companies in the Asian Pacific Seam Welding Machine Market?

Key companies in the Asian Pacific Seam Welding Machine Market include CRUXWELD, Dahching Electric Industrial Co. Ltd. and LEISTER TECHNOLOGIES.

Table of Contents

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 APAC Seam Welding Machine Market - By Mode
1.3.2 APAC Seam Welding Machine Market - By Operation
1.3.3 APAC Seam Welding Machine Market - By Industry
1.3.4 APAC Seam Welding Machine Market - By Country

2. Key Takeaways

3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. APAC Seam Welding Machine Market Landscape
4.1 Market Overview
4.2 APAC PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion

5. APAC Seam Welding Machine Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Adoption in Energy, Shipbuilding, and Construction Industries in APAC
5.1.2 Rising Adoption of Industry 4.0
5.2 MARKET RESTRAINTS
5.2.1 High Maintenance and Operating Costs
5.3 MARKET OPPORTUNITIES
5.3.1 Increase in Demand for Laser-Based Beam Welding
5.4 FUTURE TRENDS
5.4.1 Advancements in Automated Seam Welding Technology
5.5 Impact Analysis of Drivers and Restraints

6. Seam Welding Machine Market - APAC Market Analysis
6.1 APAC Seam Welding Machine Market Overview
6.2 APAC Seam Welding Machine Market Forecast and Analysis

7. APAC Seam Welding Machine Market Revenue and Forecast to 2028 - Mode
7.1 Overview
7.2 APAC Seam Welding Machine Market, by Mode (2021 and 2028)
7.3 Intermittent Seam Welding
7.3.1 Overview
7.3.2 Intermittent Seam Welding: Seam Welding Machine Market Revenue and Forecast to 2028 (US$ Million)
7.4 Continuous Seam Welding
7.4.1 Overview
7.4.2 Continuous Seam Welding: Seam Welding Machine Market- Revenue and Forecast to 2028 (US$ Million)

8. APAC Seam Welding Machine Market Analysis - By Operation
8.1 Overview
8.2 APAC Seam Welding Machine Market, by Operation (2021 and 2028)
8.3 Manual
8.3.1 Overview
8.3.2 Manual: Seam Welding Machine Market- Revenue and Forecast to 2028 (US$ Million)
8.4 Semi-Automatic
8.4.1 Overview
8.4.2 Semi-Automatic: Seam Welding Machine Market- Revenue and Forecast to 2028 (US$ Million)
8.5 Automatic
8.5.1 Overview
8.5.2 Automatic: Seam Welding Machine Market- Revenue and Forecast to 2028 (US$ Million)

9. APAC Seam Welding Machine Market - By Industry
9.1 Overview
9.2 APAC Seam Welding Machine Market by Industry (2021 and 2028)
9.3 Construction
9.3.1 Overview
9.3.2 Construction: Seam Welding Machine Market - Revenue and Forecast to 2028 (US$ Million)
9.4 Automotive
9.4.1 Overview
9.4.2 Automotive: Seam Welding Machine Market - Revenue and Forecast to 2028 (US$ Million)
9.5 Oil and Gas
9.5.1 Overview
9.5.2 Oil and Gas: Seam Welding Machine Market - Revenue and Forecast to 2028 (US$ Million)
9.6 Manufacturing
9.6.1 Overview
9.6.2 Manufacturing: Seam Welding Machine Market - Revenue and Forecast to 2028 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others: Seam Welding Machine Market - Revenue and Forecast to 2028 (US$ Million)

10. APAC Seam Welding Machine Market - Country Analysis
10.1 Overview
10.1.1 Asia Pacific: Seam Welding Machine, by Key Country
10.1.1.1 Australia: Seam Welding Machine Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Australia: Seam Welding Machine Market, By Mode
10.1.1.1.2 Australia: Seam Welding Machine Market, By Operation
10.1.1.1.3 Australia: Seam Welding Machine Market, By Industry
10.1.1.2 China: Seam Welding Machine Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 China: Seam Welding Machine Market, By Mode
10.1.1.2.2 China: Seam Welding Machine Market, By Operation
10.1.1.2.3 China: Seam Welding Machine Market, By Industry
10.1.1.3 India: Seam Welding Machine Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 India: Seam Welding Machine Market, By Mode
10.1.1.3.2 India: Seam Welding Machine Market, By Operation
10.1.1.3.3 India: Seam Welding Machine Market, By Industry
10.1.1.4 Japan: Seam Welding Machine Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Japan: Seam Welding Machine Market, By Mode
10.1.1.4.2 Japan: Seam Welding Machine Market, By Operation
10.1.1.4.3 Japan: Seam Welding Machine Market, By Industry
10.1.1.5 South Korea: Seam Welding Machine Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 South Korea: Seam Welding Machine Market, By Mode
10.1.1.5.2 South Korea: Seam Welding Machine Market, By Operation
10.1.1.5.3 South Korea: Seam Welding Machine Market, By Industry
10.1.1.6 Rest of APAC: Seam Welding Machine Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of APAC: Seam Welding Machine Market, By Mode
10.1.1.6.2 Rest of APAC: Seam Welding Machine Market, By Operation
10.1.1.6.3 Rest of APAC: Seam Welding Machine Market, By Industry

11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development

12. Company Profiles
12.1 Dahching Electric Industrial Co. Ltd.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Emerson Electric Co.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 LEISTER TECHNOLOGIES
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 CRUXWELD
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments

13. Appendix
13.1 About the Publisher
13.2 Word Index

List of Tables
Table 1. APAC Seam Welding Machine Market, Revenue and Forecast, 2019-2028 (US$ Million)
Table 2. Australia: Seam Welding Machine Market, By Mode - Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia: Seam Welding Machine Market, By Operation - Revenue and Forecast to 2028 (US$ Million)
Table 4. Australia: Seam Welding Machine Market, By Industry- Revenue and Forecast to 2028 (US$ Million)
Table 5. China: Seam Welding Machine Market, By Mode - Revenue and Forecast to 2028 (US$ Million)
Table 6. China: Seam Welding Machine Market, By Operation - Revenue and Forecast to 2028 (US$ Million)
Table 7. China: Seam Welding Machine Market, By Industry- Revenue and Forecast to 2028 (US$ Million)
Table 8. India: Seam Welding Machine Market, By Mode - Revenue and Forecast to 2028 (US$ Million)
Table 9. India: Seam Welding Machine Market, By Operation - Revenue and Forecast to 2028 (US$ Million)
Table 10. India: Seam Welding Machine Market, By Industry- Revenue and Forecast to 2028 (US$ Million)
Table 11. Japan: Seam Welding Machine Market, By Mode - Revenue and Forecast to 2028 (US$ Million)
Table 12. Japan: Seam Welding Machine Market, By Operation - Revenue and Forecast to 2028 (US$ Million)
Table 13. Japan: Seam Welding Machine Market, By Industry- Revenue and Forecast to 2028 (US$ Million)
Table 14. South Korea: Seam Welding Machine Market, By Mode - Revenue and Forecast to 2028 (US$ Million)
Table 15. South Korea: Seam Welding Machine Market, By Operation - Revenue and Forecast to 2028 (US$ Million)
Table 16. South Korea: Seam Welding Machine Market, By Industry- Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of APAC: Seam Welding Machine Market, By Mode - Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of APAC: Seam Welding Machine Market, By Operation - Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of APAC: Seam Welding Machine Market, By Industry- Revenue and Forecast to 2028 (US$ Million)
Table 20. List of Abbreviation

List of Figures
Figure 1. APAC Seam Welding Machine Market Segmentation
Figure 2. APAC Seam Welding Machine Market Segmentation - Country
Figure 3. APAC Seam Welding Machine Market Overview
Figure 4. APAC Seam Welding Machine Market, By Mode
Figure 5. APAC Seam Welding Machine Market, By Country
Figure 6. APAC: PEST Analysis
Figure 7. APAC Seam Welding Machine Market Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. APAC Seam Welding Machine Market: Impact Analysis of Drivers and Restraints
Figure 10. APAC Seam Welding Machine Market, Forecast and Analysis (US$ Million)
Figure 11. APAC Seam Welding Machine Market Revenue Share, by Mode (2021 and 2028)
Figure 12. APAC Intermittent Seam Welding: Seam Welding Machine Market- Revenue and Forecast to 2028 (US$ Million)
Figure 13. APAC Continuous Seam Welding: Seam Welding Machine Market- Revenue and Forecast to 2028 (US$ Million)
Figure 14. APAC Seam Welding Machine Market Revenue Share, by Operation (2021 and 2028)
Figure 15. APAC Manual: Seam Welding Machine Market- Revenue and Forecast to 2028 (US$ Million)
Figure 16. APAC Semi-Automatic: Seam Welding Machine Market- Revenue and Forecast to 2028 (US$ Million)
Figure 17. APAC Automatic Seam Welding Machine: Seam Welding Machine Market- Revenue and Forecast to 2028 (US$ Million)
Figure 18. APAC Seam Welding Machine Market Revenue Share by Industry (2021 and 2028)
Figure 19. APAC Construction: Seam Welding Machine Market - Revenue and Forecast to 2028 (US$ Million)
Figure 20. APAC Automotive: Seam Welding Machine Market - Revenue and Forecast to 2028 (US$ Million)
Figure 21. APAC Oil and Gas: Seam Welding Machine Market - Revenue and Forecast to 2028 (US$ Million)
Figure 22. APAC Manufacturing: Seam Welding Machine Market - Revenue and Forecast to 2028 (US$ Million)
Figure 23. APAC Others: Seam Welding Machine Market - Revenue and Forecast to 2028 (US$ Million)
Figure 24. Asia Pacific: Seam Welding Machine, by Key Country- Revenue (2021) (US$ Million)
Figure 25. Asia Pacific: Seam Welding Machine Revenue Share, By Key Country (2021 and 2028)
Figure 26. Australia: Seam Welding Machine Market - Revenue and Forecast to 2028 (US$ Million)
Figure 27. China: Seam Welding Machine Market - Revenue and Forecast to 2028 (US$ Million)
Figure 28. India: Seam Welding Machine Market - Revenue and Forecast to 2028 (US$ Million)
Figure 29. Japan: Seam Welding Machine Market - Revenue and Forecast to 2028 (US$ Million)
Figure 30. South Korea: Seam Welding Machine Market - Revenue and Forecast to 2028 (US$ Million)
Figure 31. Rest of APAC: Seam Welding Machine Market - Revenue and Forecast to 2028 (US$ Million)

Companies Mentioned

A selection of companies mentioned in this report includes:

  • CRUXWELD
  • Dahching Electric Industrial Co. Ltd.
  • Emerson Electric Co
  • LEISTER TECHNOLOGIES