Market Overview:
The global friction stir welding equipment market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for lightweight and fuel-efficient vehicles, rising demand for advanced welding technologies in the aerospace and automotive industries, and growing investments in railway infrastructure projects. The global friction stir welding equipment market can be segmented on the basis of type into desktop equipment, gantry equipment, and others. Desktop equipment held the largest share of the global market in 2017 owing to its low cost and easy portability. However, gantry equipment is expected to grow at a higher CAGR during the forecast period as it offers high precision and weld quality compared with other types of machines. Shipbuilding is another key application area for friction stir welding technology due to its abilityto produce high-quality welds with limited distortion .
Product Definition:
The Friction Stir Welding Equipment is used to join two pieces of metal together by heating the metal and using a tool to move it around. This process is important because it creates a strong weld without needing any extra filler material.
Desktop Equipment:
Desktop equipment is used in friction stir welding (FSW) process. It is a portable device that helps to control the current and temperature in the chamber during FSW process. The desktop equipment includes power sources, temperature controllers, sensors, liquid level controllers and other accessories which are used for manufacturing processes of automotive industry.
The global desktop equipment market size was valued at USD 1.6 billion in 2016.
Gantry Equipment:
Gantry equipment is used in friction stir welding (FSW) equipment to transfer the workpieces during the process. The gantry consists of a horizontal platform with multiple arms extending from it, which holds different types of tools that are used for welding operations. Gantries can be single or double deckers and they have fixed or sliding platforms depending upon the type of FSW being carried out by manufacturers.
Application Insights:
The application segment is segregated into aerospace, automotive, shipbuilding, railways and others. In 2017, the railway segment held a major share in the market for friction stir welding equipment and is expected to continue its dominance over the forecast period. The growth of this application can be attributed to increasing demand for high-quality steel in railways applications as compared with other types of steel.
Automotive sector emerged as one of the prominent segments and accounted for more than 20% share in 2017 owing to rising demand from passenger cars and commercial vehicles coupled with growing industrialization across developing countries such as India & China. This trend is expected to continue over next few years due to rapid urbanization along with increasing disposable income among consumers resulting in an increased rate of vehicle production which will further fuel demand over forecast period.
In terms of revenue, automotive sector was followed by shipbuilding where friction stir welding equipment are used on a large scale across various sectors including oil & gas offshore platform construction.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a growth rate of 5.6% over the forecast period, owing to increasing demand for high-quality products and services from major industries including aerospace, automotive, and others. In North America, U.S.
Asia Pacific is anticipated to be one of the fastest growing regions during the forecast period owing to rapid industrialization along with developing infrastructure facilities in countries such as China and India which are some of the leading consumers for these equipment globally such as Japan Steel Plate Ltd.
Growth Factors:
- Increasing demand for lightweight and fuel-efficient vehicles
- Growing automotive industry in developing countries
- Rising demand for advanced welding technologies in aerospace and defense sectors
- Technological advancements in friction stir welding equipment
- Growing popularity of friction stir welding among small-scale businesses
Scope Of The Report
Report Attributes
Report Details
Report Title
Friction Stir Welding Equipment Market Research Report
By Type
Desktop Equipment, Gantry Equipment, Others
By Application
Aerospace, Automotive, Shipbuilding, Railways, Others
By Companies
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
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Friction Stir Welding Equipment Market Report Segments:
The global Friction Stir Welding Equipment market is segmented on the basis of:
Types
Desktop Equipment, Gantry Equipment, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Aerospace, Automotive, Shipbuilding, Railways, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- 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
Highlights of The Friction Stir Welding Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Desktop Equipment
- Gantry Equipment
- Others
- By Application:
- Aerospace
- Automotive
- Shipbuilding
- Railways
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Friction Stir Welding Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Friction stir welding equipment is a type of welding equipment that uses friction to heat and join metals. The friction stir welders use a rotating disk with ridges and valleys that create turbulence in the metal being welded. This turbulence helps to create a smooth, even seam between the two pieces of metal.
Some of the major companies in the friction stir welding equipment market are 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‚Â AB.
The friction stir welding equipment market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Friction Stir Welding Equipment Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Friction Stir Welding Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Friction Stir Welding Equipment Market - Supply Chain
4.5. Global Friction Stir Welding Equipment Market Forecast
4.5.1. Friction Stir Welding Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Friction Stir Welding Equipment Market Size (000 Units) and Y-o-Y Growth
4.5.3. Friction Stir Welding Equipment Market Absolute $ Opportunity
5. Global Friction Stir Welding Equipment Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Friction Stir Welding Equipment Market Size and Volume Forecast by Type
5.3.1. Desktop Equipment
5.3.2. Gantry Equipment
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Friction Stir Welding Equipment Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Friction Stir Welding Equipment Market Size and Volume Forecast by Application
6.3.1. Aerospace
6.3.2. Automotive
6.3.3. Shipbuilding
6.3.4. Railways
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Friction Stir Welding Equipment Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Friction Stir Welding Equipment Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Friction Stir Welding Equipment Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Friction Stir Welding Equipment Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Friction Stir Welding Equipment Demand Share Forecast, 2019-2029
9. North America Friction Stir Welding Equipment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Friction Stir Welding Equipment Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Friction Stir Welding Equipment Market Size and Volume Forecast by Application
9.4.1. Aerospace
9.4.2. Automotive
9.4.3. Shipbuilding
9.4.4. Railways
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Friction Stir Welding Equipment Market Size and Volume Forecast by Type
9.7.1. Desktop Equipment
9.7.2. Gantry Equipment
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Friction Stir Welding Equipment Demand Share Forecast, 2019-2029
10. Latin America Friction Stir Welding Equipment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Friction Stir Welding Equipment Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Friction Stir Welding Equipment Market Size and Volume Forecast by Application
10.4.1. Aerospace
10.4.2. Automotive
10.4.3. Shipbuilding
10.4.4. Railways
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Friction Stir Welding Equipment Market Size and Volume Forecast by Type
10.7.1. Desktop Equipment
10.7.2. Gantry Equipment
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Friction Stir Welding Equipment Demand Share Forecast, 2019-2029
11. Europe Friction Stir Welding Equipment Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Friction Stir Welding Equipment Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Friction Stir Welding Equipment Market Size and Volume Forecast by Application
11.4.1. Aerospace
11.4.2. Automotive
11.4.3. Shipbuilding
11.4.4. Railways
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Friction Stir Welding Equipment Market Size and Volume Forecast by Type
11.7.1. Desktop Equipment
11.7.2. Gantry Equipment
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Friction Stir Welding Equipment Demand Share, 2019-2029
12. Asia Pacific Friction Stir Welding Equipment Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Friction Stir Welding Equipment Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Friction Stir Welding Equipment Market Size and Volume Forecast by Application
12.4.1. Aerospace
12.4.2. Automotive
12.4.3. Shipbuilding
12.4.4. Railways
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Friction Stir Welding Equipment Market Size and Volume Forecast by Type
12.7.1. Desktop Equipment
12.7.2. Gantry Equipment
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Friction Stir Welding Equipment Demand Share, 2019-2029
13. Middle East & Africa Friction Stir Welding Equipment Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Friction Stir Welding Equipment Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Friction Stir Welding Equipment Market Size and Volume Forecast by Application
13.4.1. Aerospace
13.4.2. Automotive
13.4.3. Shipbuilding
13.4.4. Railways
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Friction Stir Welding Equipment Market Size and Volume Forecast by Type
13.7.1. Desktop Equipment
13.7.2. Gantry Equipment
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Friction Stir Welding Equipment Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Friction Stir Welding Equipment Market: Market Share Analysis
14.2. Friction Stir Welding Equipment Distributors and Customers
14.3. Friction Stir Welding Equipment Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ESAB
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Grenzebach Maschinenbau GmbH
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Nova-Tech Engineering
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Beijing FSW
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. FOOKE GmbH
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. PaR Systems
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Nitto Seiki
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. General Tool Company
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Sooncable
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Gatwick
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Stirtec Gmbh
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Hitachi
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. PTG
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. BTI
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Valmet
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Ekato
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Xi'an Yonghua
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Fluiten
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. James Walker
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Huayang Seals
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
