Friction Stir Welding Equipment Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
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.
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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.
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.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Friction Stir Welding Equipment Market - By Product Type
1.3.2Friction Stir Welding Equipment Market - By End-user
1.3.3Friction Stir Welding Equipment Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.FRICTION STIR WELDING EQUIPMENT MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.FRICTION STIR WELDING EQUIPMENT MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.FRICTION STIR WELDING EQUIPMENT MARKET - GLOBAL MARKET ANALYSIS
6.1.FRICTION STIR WELDING EQUIPMENT - GLOBAL MARKET OVERVIEW
6.2.FRICTION STIR WELDING EQUIPMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.FRICTION STIR WELDING EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 " PRODUCT TYPE
7.1.OVERVIEW
7.2.PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3.FIXED FRICTION STIR WELDING
7.3.1.Overview
7.3.2.Fixed Friction Stir Welding Market Forecast and Analysis
7.4.ADJUSTABLE FRICTION STIR WELDING
7.4.1.Overview
7.4.2.Adjustable Friction Stir Welding Market Forecast and Analysis
7.5.SELF-REACTING FRICTION STIR WELDING
7.5.1.Overview
7.5.2.Self-reacting Friction Stir Welding Market Forecast and Analysis
8.FRICTION STIR WELDING EQUIPMENT MARKET - REVENUE AND FORECASTS TO 2028 " END-USER
8.1.OVERVIEW
8.2.END-USER MARKET FORECASTS AND ANALYSIS
8.3.MARINE
8.3.1.Overview
8.3.2.Marine Market Forecast and Analysis
8.4.AUTOMOTIVE
8.4.1.Overview
8.4.2.Automotive Market Forecast and Analysis
8.5.AEROSPACE
8.5.1.Overview
8.5.2.Aerospace Market Forecast and Analysis
8.6.RAILWAYS
8.6.1.Overview
8.6.2.Railways Market Forecast and Analysis
8.7.OTHERS
8.7.1.Overview
8.7.2.Others Market Forecast and Analysis
9.FRICTION STIR WELDING EQUIPMENT MARKET REVENUE AND FORECASTS TO 2028 " GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Friction Stir Welding Equipment Market Overview
9.1.2North America Friction Stir Welding Equipment Market Forecasts and Analysis
9.1.3North America Friction Stir Welding Equipment Market Forecasts and Analysis - By Product Type
9.1.4North America Friction Stir Welding Equipment Market Forecasts and Analysis - By End-user
9.1.5North America Friction Stir Welding Equipment Market Forecasts and Analysis - By Countries
9.1.5.1United States Friction Stir Welding Equipment Market
9.1.5.1.1United States Friction Stir Welding Equipment Market by Product Type
9.1.5.1.2United States Friction Stir Welding Equipment Market by End-user
9.1.5.2Canada Friction Stir Welding Equipment Market
9.1.5.2.1Canada Friction Stir Welding Equipment Market by Product Type
9.1.5.2.2Canada Friction Stir Welding Equipment Market by End-user
9.1.5.3Mexico Friction Stir Welding Equipment Market
9.1.5.3.1Mexico Friction Stir Welding Equipment Market by Product Type
9.1.5.3.2Mexico Friction Stir Welding Equipment Market by End-user
9.2.EUROPE
9.2.1Europe Friction Stir Welding Equipment Market Overview
9.2.2Europe Friction Stir Welding Equipment Market Forecasts and Analysis
9.2.3Europe Friction Stir Welding Equipment Market Forecasts and Analysis - By Product Type
9.2.4Europe Friction Stir Welding Equipment Market Forecasts and Analysis - By End-user
9.2.5Europe Friction Stir Welding Equipment Market Forecasts and Analysis - By Countries
9.2.5.1Germany Friction Stir Welding Equipment Market
9.2.5.1.1Germany Friction Stir Welding Equipment Market by Product Type
9.2.5.1.2Germany Friction Stir Welding Equipment Market by End-user
9.2.5.2France Friction Stir Welding Equipment Market
9.2.5.2.1France Friction Stir Welding Equipment Market by Product Type
9.2.5.2.2France Friction Stir Welding Equipment Market by End-user
9.2.5.3Italy Friction Stir Welding Equipment Market
9.2.5.3.1Italy Friction Stir Welding Equipment Market by Product Type
9.2.5.3.2Italy Friction Stir Welding Equipment Market by End-user
9.2.5.4United Kingdom Friction Stir Welding Equipment Market
9.2.5.4.1United Kingdom Friction Stir Welding Equipment Market by Product Type
9.2.5.4.2United Kingdom Friction Stir Welding Equipment Market by End-user
9.2.5.5Russia Friction Stir Welding Equipment Market
9.2.5.5.1Russia Friction Stir Welding Equipment Market by Product Type
9.2.5.5.2Russia Friction Stir Welding Equipment Market by End-user
9.2.5.6Rest of Europe Friction Stir Welding Equipment Market
9.2.5.6.1Rest of Europe Friction Stir Welding Equipment Market by Product Type
9.2.5.6.2Rest of Europe Friction Stir Welding Equipment Market by End-user
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Friction Stir Welding Equipment Market Overview
9.3.2Asia-Pacific Friction Stir Welding Equipment Market Forecasts and Analysis
9.3.3Asia-Pacific Friction Stir Welding Equipment Market Forecasts and Analysis - By Product Type
9.3.4Asia-Pacific Friction Stir Welding Equipment Market Forecasts and Analysis - By End-user
9.3.5Asia-Pacific Friction Stir Welding Equipment Market Forecasts and Analysis - By Countries
9.3.5.1Australia Friction Stir Welding Equipment Market
9.3.5.1.1Australia Friction Stir Welding Equipment Market by Product Type
9.3.5.1.2Australia Friction Stir Welding Equipment Market by End-user
9.3.5.2China Friction Stir Welding Equipment Market
9.3.5.2.1China Friction Stir Welding Equipment Market by Product Type
9.3.5.2.2China Friction Stir Welding Equipment Market by End-user
9.3.5.3India Friction Stir Welding Equipment Market
9.3.5.3.1India Friction Stir Welding Equipment Market by Product Type
9.3.5.3.2India Friction Stir Welding Equipment Market by End-user
9.3.5.4Japan Friction Stir Welding Equipment Market
9.3.5.4.1Japan Friction Stir Welding Equipment Market by Product Type
9.3.5.4.2Japan Friction Stir Welding Equipment Market by End-user
9.3.5.5South Korea Friction Stir Welding Equipment Market
9.3.5.5.1South Korea Friction Stir Welding Equipment Market by Product Type
9.3.5.5.2South Korea Friction Stir Welding Equipment Market by End-user
9.3.5.6Rest of Asia-Pacific Friction Stir Welding Equipment Market
9.3.5.6.1Rest of Asia-Pacific Friction Stir Welding Equipment Market by Product Type
9.3.5.6.2Rest of Asia-Pacific Friction Stir Welding Equipment Market by End-user
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Friction Stir Welding Equipment Market Overview
9.4.2Middle East and Africa Friction Stir Welding Equipment Market Forecasts and Analysis
9.4.3Middle East and Africa Friction Stir Welding Equipment Market Forecasts and Analysis - By Product Type
9.4.4Middle East and Africa Friction Stir Welding Equipment Market Forecasts and Analysis - By End-user
9.4.5Middle East and Africa Friction Stir Welding Equipment Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Friction Stir Welding Equipment Market
9.4.5.1.1South Africa Friction Stir Welding Equipment Market by Product Type
9.4.5.1.2South Africa Friction Stir Welding Equipment Market by End-user
9.4.5.2Saudi Arabia Friction Stir Welding Equipment Market
9.4.5.2.1Saudi Arabia Friction Stir Welding Equipment Market by Product Type
9.4.5.2.2Saudi Arabia Friction Stir Welding Equipment Market by End-user
9.4.5.3U.A.E Friction Stir Welding Equipment Market
9.4.5.3.1U.A.E Friction Stir Welding Equipment Market by Product Type
9.4.5.3.2U.A.E Friction Stir Welding Equipment Market by End-user
9.4.5.4Rest of Middle East and Africa Friction Stir Welding Equipment Market
9.4.5.4.1Rest of Middle East and Africa Friction Stir Welding Equipment Market by Product Type
9.4.5.4.2Rest of Middle East and Africa Friction Stir Welding Equipment Market by End-user
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Friction Stir Welding Equipment Market Overview
9.5.2South and Central America Friction Stir Welding Equipment Market Forecasts and Analysis
9.5.3South and Central America Friction Stir Welding Equipment Market Forecasts and Analysis - By Product Type
9.5.4South and Central America Friction Stir Welding Equipment Market Forecasts and Analysis - By End-user
9.5.5South and Central America Friction Stir Welding Equipment Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Friction Stir Welding Equipment Market
9.5.5.1.1Brazil Friction Stir Welding Equipment Market by Product Type
9.5.5.1.2Brazil Friction Stir Welding Equipment Market by End-user
9.5.5.2Argentina Friction Stir Welding Equipment Market
9.5.5.2.1Argentina Friction Stir Welding Equipment Market by Product Type
9.5.5.2.2Argentina Friction Stir Welding Equipment Market by End-user
9.5.5.3Rest of South and Central America Friction Stir Welding Equipment Market
9.5.5.3.1Rest of South and Central America Friction Stir Welding Equipment Market by Product Type
9.5.5.3.2Rest of South and Central America Friction Stir Welding Equipment Market by End-user
10.INDUSTRY LANDSCAPE
10.1.MERGERS AND ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11.FRICTION STIR WELDING EQUIPMENT MARKET, KEY COMPANY PROFILES
11.1.BEIJING FSW TECHNOLOGY CO, LTD.
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.ESAB
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.FOOKE GMBH
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.GATWICK TECHNOLOGIES
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.HITACHI POWER SOLUTIONS CO.,LTD
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
11.6.KUKA AG
11.6.1.Key Facts
11.6.2.Business Description
11.6.3.Products and Services
11.6.4.Financial Overview
11.6.5.SWOT Analysis
11.6.6.Key Developments
11.7.MANUFACTURING TECHNOLOGY, INC.
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
11.8.MAZAK CORPORATION
11.8.1.Key Facts
11.8.2.Business Description
11.8.3.Products and Services
11.8.4.Financial Overview
11.8.5.SWOT Analysis
11.8.6.Key Developments
11.9.NORSK HYDRO ASA
11.9.1.Key Facts
11.9.2.Business Description
11.9.3.Products and Services
11.9.4.Financial Overview
11.9.5.SWOT Analysis
11.9.6.Key Developments
11.10.PAR SYSTEMS, LLC
11.10.1.Key Facts
11.10.2.Business Description
11.10.3.Products and Services
11.10.4.Financial Overview
11.10.5.SWOT Analysis
11.10.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
1. Beijing FSW Technology Co, Ltd.
2. ESAB
3. FOOKE GmbH
4. Gatwick Technologies
5. Hitachi Power Solutions Co.,Ltd
6. KUKA AG
7. Manufacturing Technology, Inc.
8. Mazak Corporation
9. Norsk Hydro ASA
10. PaR Systems, LLC
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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