Global Seam Welding Machine Market to Reach USD 1.67 Billion by 2026
According to a recent report from Yahoo Finance, the global Seam Welding Machine market is expected to grow significantly in the coming years. The report states that "the market is projected to reach USD 1.67 billion by 2026, at a CAGR of 6.2% during the forecast period from 2021 to 2026." This growth is driven by increasing demand for the machines in various end-use industries such as automotive, construction, and others.
Market Segments
The report segments the global Seam Welding Machine market based on product, process, end-use, and region. Based on product, the market is segmented into manual, semi-automatic, and automatic. Based on process, the market is segmented into resistance, laser, and others. Based on end-use, the market is segmented into automotive, construction, aerospace, and others.
Regional Analysis
The report provides a detailed analysis of the market in different regions, including North America, Europe, Asia-Pacific, and Rest of the World. According to the report, Asia-Pacific is expected to dominate the market during the forecast period, driven by the increasing demand for seam welding machines in countries such as China and India.
Key Players
The report also highlights some of the key players in the global Seam Welding Machine market, such as Miller Electric Mfg. LLC, nexAir, Fronius International GmbH, Lincoln Electric Holdings, Inc., Panasonic Corporation, and ESAB Welding & Cutting Products. These companies are focusing on strategic collaborations and partnerships to expand their market presence.
Conclusion
In conclusion, the global Seam Welding Machine market is expected to grow significantly in the coming years, driven by increasing demand from various end-use industries such as automotive, construction, and others. The market is segmented based on product, process, end-use, and region, with Asia-Pacific expected to dominate the market. Key players in the market include Miller Electric Mfg. LLC, Fronius International GmbH, Lincoln Electric Holdings, Inc., Panasonic Corporation, and ESAB Welding & Cutting Products.
References
- Yahoo Finance. "Global Seam Welding Machine Market to Reach USD 1.67 Billion by 2026; Increasing Demand for the Machines in Various End-use Industries: Zion Market Research". January 28th, 2023. https://finance.yahoo.com/news/global-seam-welding-machine-market-090300519.html
- nexAir. "Vectis Cobot Automated Welding System". https://www.nexair.com/service/automation/
