According to IMARC Group’s latest report, titled “Friction Stir Welding Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global friction stir welding equipment market reached a value of US$ 198.5 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 293.9 Million by 2027, exhibiting at a CAGR of 6.59% during 2022-2027.
Friction stir welding (FSW) refers to an advanced solid-state joining procedure that combines two confronting workpieces without melting the material. The procedure involves the generation of frictional heat, which softens the area between the rotating device and workpiece material and mechanically intermixes the two metal workpieces. FSW is primarily used for structures that require high welding quality on account of its unique advantages, including cost-savings and weight reduction properties.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends and Drivers:
FSW equipment offers numerous advantages, including improved process robustness, limited impact on health and environment, and remarkable mechanical properties like high fatigue resistance and tensile strength.
It also enables pore closure, resulting in a pore-free weld interface and refined microstructure, and making it highly suitable for welding preventive maintenance (PM) parts. Moreover, as FSW is a green technology, its application is expanding in different industries across the globe.
For instance, it is employed in the automotive and aerospace industries on account of the increasing focus on reducing the weight of vehicles and aerospace components. The market is further driven by the utilization of FSW equipment to weld aluminum components in cars, such as driveshafts, rear axles and spoilers, bumper beans and crash boxes.
Friction Stir Welding Equipment Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the friction stir welding equipment market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Beijing FSW Technology Co. Ltd.
- Colfax Corporation
- Fooke GmbH
- Gatwick Technologies Ltd.
- General Tool Company
- Grenzebach Maschinenbau GmbH
- Hitachi High-Tech Corporation
- KUKA Systems GmbH (Midea Group Co. Ltd.)
- Manufacturing Technology Inc.
- Par Systems LLC (Pohlad Companies)
Key Market Segmentation:
The report has segmented the global friction stir welding equipment market on the basis of equipment type, end-use industry and region.
Breakup by Equipment Type:
- Mobile Friction Stir Welding Equipment
- Fixed Friction Stir Welding Equipment
- Others
Breakup by End-Use Industry:
- Automotive Industry
- Aerospace Industry
- Railway Industry
- Shipbuilding Industry
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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