Friction stir welding ( FSW ) is a solid-state joining process that uses a non-consumable tool to join two facing workpieces without melting the workpiece material. Heat is generated by friction between the rotating tool and the workpiece material, which leads to a softened region near the FSW tool. While the tool is traversed along the joint line, it mechanically intermixes the two pieces of metal, and forges the hot and softened metal by the mechanical pressure, which is applied by the tool, much like joining clay, or dough. It is primarily used on wrought or extruded aluminium and particularly for structures which need very high weld strength.
In the coming years there is an increasing demand for friction stir welding equipment in the regions of North America and Europe that is expected to drive the market for more advanced friction stir welding equipment. Increasing of industiral used fields expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of friction stir welding equipment of APAC will drive growth of the market.
Globally, the friction stir welding equipment industry market is relatively concentrated as the manufacturing technology of friction stir welding equipment is high. And some enterprises, like ESAB, Grenzebach Maschinenbau GmbH and Nova-Tech Engineering etc. are well-known for the wonderful performance of their friction stir welding equipment and related services. At the same time, Europe, occupied 39.42% revenue market share in 2017, is remarkable in the global friction stir welding equipment industry because of their market share and technology status of friction stir welding equipment.
The consumption volume of friction stir welding equipment is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of friction stir welding equipment industry may not keep that fast. But it is surely forecasted that the market of friction stir welding equipment is still promising.
According to this study, over the next five years the Friction Stir Welding Equipment market will register a 7.2% CAGR in terms of revenue, the global market size will reach US$ 280 million by 2024, from US$ 180 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Friction Stir Welding Equipment business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Friction Stir Welding Equipment market by product type, application, key manufacturers and key regions and countries.
This study considers the Friction Stir Welding Equipment value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Desktop Equipment
Gantry Equipment
Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Aerospace
Automotive
Shipbuilding
Railways
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
ESAB
Grenzebach Maschinenbau GmbH
Nova-Tech Engineering
Beijing FSW
FOOKE GmbH
PaR Systems
Nitto Seiki
General Tool Company
Sooncable
Gatwick
Stirtec Gmbh
Hitachi
PTG
BTI
Valmet
Ekato
Xi'an Yonghua
Fluiten
James Walker
Huayang Seals
Huhnseal AB
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Friction Stir Welding Equipment consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Friction Stir Welding Equipment market by identifying its various subsegments.
Focuses on the key global Friction Stir Welding Equipment manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Friction Stir Welding Equipment with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Friction Stir Welding Equipment submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Friction Stir Welding Equipment . Industry analysis & Market Report on Friction Stir Welding Equipment is a syndicated market report, published as Global Friction Stir Welding Equipment Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Friction Stir Welding Equipment market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.