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Friction Stir Welding Equipment Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR40468
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The friction stir welding equipment market share is expected to increase by USD 989.95 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 9.98%.

This friction stir welding equipment market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers friction stir welding equipment market segmentation by end user (automotive industry, aerospace industry, railway industry, shipbuilding industry, and others) and geography (APAC, North America, Europe, and South America). The friction stir welding equipment market report also offers information on several market vendors, including Concurrent Technologies Corp., FOOKE GmbH, Gatwick Technologies Ltd., HFW Solutions LLC, Hitachi High-Technologies Corp., Manufacturing Technology Inc., Midea Group (KUKA AG), Norsk Hydro ASA, PaR Systems LLC, and Yamazaki Mazak Corp. among others.

What will the Friction Stir Welding Equipment Market Size be During the Forecast Period?

Friction Stir Welding Equipment Market Size

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Friction Stir Welding Equipment Market: Key Drivers, Trends, and Challenges

The growing demand from automotive industry is notably driving the friction stir welding equipment market growth, although factors such as need for huge investments in r&d of new welding technology may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the friction stir welding equipment industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Friction Stir Welding Equipment Market Driver

An increase in the installation of the automated welding assembly line is the major driver influencing the friction stir welding equipment market growth. Various advantages of the automated assembly include reduced production cycle, increased accuracy, and labor-saving and increase in safety. Reduced production cycle time As machines are programmed for a specific task and work until it is stopped or reprogrammed, the production cycle times can be managed to provide the most efficient and consistent process.Increased accuracyThe programming of machines for specific parameters increases the accuracy in parts compared with human labor. This reduces the chances of errors. Automation also allows the addition and modification of several operations.Labor-saving and safetyThe efficiency of automated processes has reduced labor costs. This enables financial savings for both manufacturers and customers. Also, some production processes may be dangerous when done manually. The use of machines for such work increases the safety of employees.

Key Friction Stir Welding Equipment Market Trend

Enhancement in services offered by vendors is the major trend influencing the friction stir welding equipment market growth. End-user industries are undergoing many technological changes to increase their productivity. To support and meet the requirement of end-users, FSW manufacturers are improving their technologies. For instance, they offer services such as welding information management systems.Welding information management systemsWelding information management systems provide real-time data that help improve productivity and quality. They automatically collect and report arc starts, arc-on time, and quality performance based on amperage and voltage. Such systems help increase the competition between players. Such developments are expected to drive the global FSW equipment market during the forecast period

Key Friction Stir Welding Equipment Market Challenge

The need for huge investments in R&D of new welding technology is the major hindrance to the friction stir welding equipment market growth. Industries like automotive, aerospace, shipbuilding, and railway, power, energy, and heavy machinery are focusing on upgrading technologies that will enhance their productivity, performance, and safety. The demand for technologically upgraded products of robotics, gantry systems, or work cells is increasing as they help speed up the production process, produce better quality products, and reduce the cost of production. For instance, manufacturers of automation systems are striving to manufacture robots with multipurpose welding applications. However, with maturing technology for welding robots, upgrading robotic sensors, sensing techniques, and industrial robotic welding systems for use in modern-day robotic techniques is a complex process. Also, offering these technologies at a low price is difficult because of the declining profit margins on robot sales. Although the automotive welding manufacturers are trying to improve the production processes, the R&D of advanced welding technologies requires huge investments.

This friction stir welding equipment market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2020-2024.

Parent Market Analysis

Technavio categorizes global friction stir equipment market is a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the friction stir welding equipment market during the forecast period.

Who are the Major Friction Stir Welding Equipment Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Concurrent Technologies Corp.
  • FOOKE GmbH
  • Gatwick Technologies Ltd.
  • HFW Solutions LLC
  • Hitachi High-Technologies Corp.
  • Manufacturing Technology Inc.
  • Midea Group (KUKA AG)
  • Norsk Hydro ASA
  • PaR Systems LLC
  • Yamazaki Mazak Corp.

 

This statistical study of the friction stir welding equipment market encompasses successful business strategies deployed by the key vendors. The friction stir welding equipment market is fragmented and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The friction stir welding equipment market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Friction Stir Welding Equipment Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the friction stir welding equipment market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of global industrial machinery market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Friction Stir Welding Equipment Market?

Friction Stir Welding Equipment Market Market segmentation by region

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49% of the market's growth will originate from APAC during the forecast period. India, China and Japan are the key markets for friction stir welding equipment market in APAC. Market growth in this region will be faster than the growth of the market in regions.

Easy availability of low-cost labor. will facilitate the friction stir welding equipment market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating End User Segments in the Friction Stir Welding Equipment Market?

Friction Stir Welding Equipment Market Segmentation

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The friction stir welding equipment market share growth by the automotive segment will be significant during the forecast period. Many automotive original equipment manufacturers (OEMs) are focusing on building fuel-efficient vehicles, which has increased the use of aluminum. The use of aluminum not only saves weight but also improves recyclability when the vehicles are scrapped. Many OEMs and their suppliers are replacing fusion welding techniques with FSW technology for aluminum alloys.

Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. This report provides an accurate prediction of the contribution of all the segments to the growth of the friction stir welding equipment market size and actionable market insights on post COVID-19 impact on each segment.

 

Friction Stir Welding Equipment Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 9.98%

Market growth 2020-2024

USD 989.95 million

Market structure

Fragmented

YoY growth (%)

9.60

Regional analysis

APAC, North America, Europe, and South America

Performing market contribution

APAC at 49%

Key consumer countries

US, China, Japan, Germany, and India

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Concurrent Technologies Corp., FOOKE GmbH, Gatwick Technologies Ltd., HFW Solutions LLC, Hitachi High-Technologies Corp., Manufacturing Technology Inc., Midea Group (KUKA AG), Norsk Hydro ASA, PaR Systems LLC, and Yamazaki Mazak Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Friction Stir Welding Equipment Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive friction stir welding equipment market growth during the next five years
  • Precise estimation of the friction stir welding equipment market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the friction stir welding equipment industry across APAC, North America, Europe, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of friction stir welding equipment market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Industrial machinery market

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
    • 3.5 By product

      4 Five Forces Analysis

      • 4.1 Five forces summary
        • Exhibit 08: Five forces analysis 2020 & 2025
      • 4.2 Bargaining power of buyers
        • Exhibit 09: Bargaining power of buyers
      • 4.3 Bargaining power of suppliers
        • Exhibit 10: Bargaining power of suppliers
      • 4.4 Threat of new entrants
        • Exhibit 11: Threat of new entrants
      • 4.5 Threat of substitutes
        • Exhibit 12: Threat of substitutes
      • 4.6 Threat of rivalry
        • Exhibit 13: Threat of rivalry
      • 4.7 Market condition
        • Exhibit 14: Market condition - Five forces 2020

      5 Market Segmentation by End-user

      • 5.1 Market segments
        • Exhibit 15: End-user - Market share 2020-2025 (%)
      • 5.2 Comparison by End-user
        • Exhibit 16: Comparison by End-user
      • 5.3 Automotive industry - Market size and forecast 2020-2025
        • Exhibit 17: Automotive industry - Market size and forecast 2020-2025 ($ million)
        • Exhibit 18: Automotive industry - Year-over-year growth 2020-2025 (%)
      • 5.4 Aerospace industry - Market size and forecast 2020-2025
        • Exhibit 19: Aerospace industry - Market size and forecast 2020-2025 ($ million)
        • Exhibit 20: Aerospace industry - Year-over-year growth 2020-2025 (%)
      • 5.5 Railway industry - Market size and forecast 2020-2025
        • Exhibit 21: Railway industry - Market size and forecast 2020-2025 ($ million)
        • Exhibit 22: Railway industry - Year-over-year growth 2020-2025 (%)
      • 5.6 Shipbuilding industry - Market size and forecast 2020-2025
        • Exhibit 23: Shipbuilding industry - Market size and forecast 2020-2025 ($ million)
        • Exhibit 24: Shipbuilding industry - Year-over-year growth 2020-2025 (%)
      • 5.7 Others - Market size and forecast 2020-2025
        • Exhibit 25: Others - Market size and forecast 2020-2025 ($ million)
        • Exhibit 26: Others - Year-over-year growth 2020-2025 (%)
      • 5.8 Market opportunity by End-user
        • Exhibit 27: Market opportunity by End-user

      6 Customer landscape

      • 6.1 Overview
        • Exhibit 28: Customer landscape

      7 Geographic Landscape

      • 7.1 Geographic segmentation
        • Exhibit 29: Market share by geography 2020-2025 (%)
      • 7.2 Geographic comparison
        • Exhibit 30: Geographic comparison
      • 7.3 APAC - Market size and forecast 2020-2025
        • Exhibit 31: APAC - Market size and forecast 2020-2025 ($ million)
        • Exhibit 32: APAC - Year-over-year growth 2020-2025 (%)
      • 7.4 North America - Market size and forecast 2020-2025
        • Exhibit 33: North America - Market size and forecast 2020-2025 ($ million)
        • Exhibit 34: North America - Year-over-year growth 2020-2025 (%)
      • 7.5 Europe - Market size and forecast 2020-2025
        • Exhibit 35: Europe - Market size and forecast 2020-2025 ($ million)
        • Exhibit 36: Europe - Year-over-year growth 2020-2025 (%)
      • 7.6 South America - Market size and forecast 2020-2025
        • Exhibit 37: South America - Market size and forecast 2020-2025 ($ million)
        • Exhibit 38: South America - Year-over-year growth 2020-2025 (%)
      • 7.7 MEA - Market size and forecast 2020-2025
        • Exhibit 39: MEA - Market size and forecast 2020-2025 ($ million)
        • Exhibit 40: MEA - Year-over-year growth 2020-2025 (%)
      • 7.8 Key leading countries
        • Exhibit 41: Key leading countries
      • 7.9 Market opportunity by geography
        • Exhibit 42: Market opportunity by geography ($ million)

      8 Drivers, Challenges, and Trends

      • 8.1 Market drivers
        • 8.2 Market challenges
          • 8.3 Market trends

            9 Vendor Landscape

            • 9.1 Overview
              • Exhibit 44: Vendor landscape
            • 9.2 Landscape disruption
              • Exhibit 45: Landscape disruption
              • Exhibit 46: Industry risks

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 47: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 48: Market positioning of vendors
            • 10.3 Concurrent Technologies Corp.
              • Exhibit 49: Concurrent Technologies Corp. - Overview
              • Exhibit 50: Concurrent Technologies Corp. - Product and service
              • Exhibit 51: Concurrent Technologies Corp.- Key news
              • Exhibit 52: Concurrent Technologies Corp. - Key offerings
            • 10.4 FOOKE Gmbh
              • Exhibit 53: FOOKE Gmbh - Overview
              • Exhibit 54: FOOKE Gmbh - Product and service
              • Exhibit 55: FOOKE Gmbh - Key offerings
            • 10.5 Gatwick Technologies Ltd.
              • Exhibit 56: Gatwick Technologies Ltd. - Overview
              • Exhibit 57: Gatwick Technologies Ltd. - Product and service
              • Exhibit 58: Gatwick Technologies Ltd. - Key offerings
            • 10.6 HFW Solutions LLC
              • Exhibit 59: HFW Solutions LLC - Overview
              • Exhibit 60: HFW Solutions LLC - Product and service
              • Exhibit 61: HFW Solutions LLC - Key offerings
            • 10.7 Hitachi Ltd.
              • Exhibit 62: Hitachi Ltd. - Overview
              • Exhibit 63: Hitachi Ltd. - Business segments
              • Exhibit 64: Hitachi Ltd-Key news
              • Exhibit 65: Hitachi Ltd. - Key offerings
              • Exhibit 66: Hitachi Ltd. - Segment focus
            • 10.8 Manufacturing Technology Inc.
              • Exhibit 67: Manufacturing Technology Inc. - Overview
              • Exhibit 68: Manufacturing Technology Inc. - Product and service
              • Exhibit 69: Manufacturing Technology Inc. - Key offerings
            • 10.9 MIDEA GROUP
              • Exhibit 70: MIDEA GROUP - Overview
              • Exhibit 71: MIDEA GROUP - Business segments
              • Exhibit 72: MIDEA GROUP-Key news
              • Exhibit 73: MIDEA GROUP - Key offerings
              • Exhibit 74: MIDEA GROUP - Segment focus
            • 10.10 Norsk Hydro ASA
              • Exhibit 75: Norsk Hydro ASA - Overview
              • Exhibit 76: Norsk Hydro ASA - Business segments
              • Exhibit 77: Norsk Hydro ASA-Key news
              • Exhibit 78: Norsk Hydro ASA - Key offerings
              • Exhibit 79: Norsk Hydro ASA - Segment focus
            • 10.11 Pohlad Companies
              • Exhibit 80: Pohlad Companies - Overview
              • Exhibit 81: Pohlad Companies - Product and service
              • Exhibit 82: Pohlad Companies-Key news
              • Exhibit 83: Pohlad Companies - Key offerings
            • 10.12 Yamazaki Mazak Corp.
              • Exhibit 84: Yamazaki Mazak Corp. - Overview
              • Exhibit 85: Yamazaki Mazak Corp. - Product and service
              • Exhibit 86: Yamazaki Mazak Corp. - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Currency conversion rates for US$
                • Exhibit 87: Currency conversion rates for US$
              • 11.3 Research methodology
                • Exhibit 88: Research Methodology
                • Exhibit 89: Validation techniques employed for market sizing
                • Exhibit 90: Information sources
              • 11.4 List of abbreviations
                • Exhibit 91: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Friction Stir Welding Equipment Market market growth will increase by $989.95 million during 2021-2025.
              The friction stir welding equipment market market is expected to grow at a CAGR of 9.98% during 2021-2025.
              Technavio has segmented the friction stir welding equipment market market by end user (Automotive industry, Aerospace industry, Railway industry, Shipbuilding industry, and Others) ,geography (APAC, North America, Europe, South America, and MEA) , and geographic (APAC, North America, Europe, and South America).
              Concurrent Technologies Corp., FOOKE GmbH, Gatwick Technologies Ltd., HFW Solutions LLC, Hitachi High-Technologies Corp., Manufacturing Technology Inc., Midea Group (KUKA AG), Norsk Hydro ASA, PaR Systems LLC, Yamazaki Mazak Corp. are a few of the key vendors in the friction stir welding equipment market market.
              APAC will register the highest growth rate of 49% among the other regions. Therefore, the friction stir welding equipment market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the friction stir welding equipment market market growth are:
              • growing demand from automotive industry
              • Use of new materials by industries
              The friction stir welding equipment market market vendors should focus on grabbing business opportunities from the automotive industry segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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