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

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?

Download the Free Report Sample to Unlock the Friction Stir Welding Equipment Market Size for the Forecast Period and Other Important Statistics

 

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?

For more insights on the market share of various regions Request for a FREE sample now!

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?

To gain further insights on the market contribution of various segments Request for a FREE sample

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	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

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

We can help! Our analysts can customize this report to meet your requirements. Get in touch