Friction Stir Welding Equipment Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Friction stir welding (FSW) is also known as solid-state joining, it is a type of welding process, wherein, the material is not melted for joining of pieces or components. An increase in demand for vehicles across the world has led to the rising adoption of friction stir welding equipment in the automotive industry for aluminum welding. This factor is likely to propel the growth of the friction stir welding equipment market during the forecast period. Furthermore, advancement in welding technology and the rising use of FSR in the railway sector is also positively impacting the friction stir welding equipment market growth.

MARKET DYNAMICS

The various benefits of FSW over traditional such as offer reliable and efficient welding operations, low cost, and environmental friendly welding. Therefore, the rising adoption of friction stir welding by the various companies which anticipating the growth of the friction stir welding equipment market. However, the requirement of a skilled workforce and high operating cost may restraint the growth of the friction stir welding equipment market. Moreover, the wide range of application of friction stir welding in different end-user industries such as automotive, marine, aerospace, electronics, robotics, and others are expected to boost the demand for the friction stir welding equipment market.

MARKET SCOPE

The "Global Friction Stir Welding Equipment Market Analysis to 2031" is a specialized and in-depth study of the friction stir welding equipment industry with a special focus on the global market trend analysis. The report aims to provide an overview Friction stir welding equipment market with detailed market segmentation as product type, end-user, and geography. The global friction stir welding equipment market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading friction stir welding equipment market players and offers key trends and opportunities in the friction stir welding equipment market.

MARKET SEGMENTATION

The global friction stir welding equipment market is segmented on the basis of product type, end-user. On the basis of product type the market is segmented fixed friction stir welding, adjustable friction stir welding, self-reacting friction stir welding. On the basis of end-user the market is segmented as marine, automotive, aerospace, railways, others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Friction stir welding equipment market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The friction stir welding equipment market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting friction stir welding equipment market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the friction stir welding equipment market in these regions.

Friction Stir Welding Equipment Market Report Analysis

Friction Stir Welding Equipment Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• Beijing FSW Technology Co, Ltd.
• ESAB
• FOOKE GmbH
• Gatwick Technologies
• Hitachi Power Solutions Co.,Ltd
• KUKA AG
• Manufacturing Technology, Inc.
• Mazak Corporation
• Norsk Hydro ASA

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Product Type

• Fixed Friction Stir Welding
• Adjustable Friction Stir Welding
• Self-reacting Friction Stir Welding

By End-user

• Marine
• Automotive
• Aerospace
• Railways

MARKET PLAYERS

The reports cover key developments in the friction stir welding equipment market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from friction stir welding equipment market are anticipated to lucrative growth opportunities in the future with the rising demand for friction stir welding equipment in the global market. Below mentioned is the list of few companies engaged in the friction stir welding equipment market.

The report also includes the profiles of key friction stir welding equipment companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   Beijing FSW Technology Co, Ltd.
  
•   ESAB
  
•   FOOKE GmbH
  
•   Gatwick Technologies
  
•   Hitachi Power Solutions Co.,Ltd
  
•   KUKA AG
  
•   Manufacturing Technology, Inc.
  
•   Mazak Corporation
  
•   Norsk Hydro ASA
  
•   PaR Systems, LLC
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Friction Stir Welding Equipment Market Report Scope