Friction Stir Welding Equipment Market to 2024: Market is Set to Grow at a CAGR of 7.0%

Manufacturing
Friction Stir Welding Equipment

 

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.

The global Friction Stir Welding Equipment market is valued at 180 million US$ in 2018 is expected to reach 320 million US$ by the end of 2025, growing at a CAGR of 7.0% during 2019-2025.

This report focuses on Friction Stir Welding Equipment volume and value at global level, regional level and company level. From a global perspective, this report represents overall Friction Stir Welding Equipment market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.

At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.

 

Report Sample includes:
- Table of Contents
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- Charts
- Research Methodology

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The following manufacturers are covered:

  • 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

Segment by Regions

  • North America
  • Europe
  • China
  • Japan

Segment by Type

  • Desktop Equipment
  • Gantry Equipment
  • Others

Segment by Application

  • Aerospace
  • Automotive
  • Shipbuilding
  • Railways
  • Others

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Global Friction Stir Welding Equipment Market Research Report 2019 - 24 Market Reports

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