Friction Stir Welding Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Friction Stir Welding Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

The global friction stir welding equipment market reached a value of US$ 183.7 Million in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 7.3% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Friction stir welding (FSW) refers to a solid-state welding technique that assists in joining two workpieces without melting the material. It relies on a non-consumable tool that rotates and plunges into the interface of the workpiece and then moves through it by using frictional heat that softens the material. It forms a joint similar in appearance to other welding techniques without the requirement of flux, filler metal or shielding gas and thus offers the unique advantages of cost-savings and weight reduction.

The market is currently experiencing growth on account of various product advantages, including the limited impact on health and the environment, and improved process robustness and mechanical properties like tensile strength and fatigue resistance. Moreover, it does not need a protective atmosphere for utilization. It is also highly suitable for welding preventive maintenance (PM) parts as it enables pore closure, which leads to a pore-free weld interface and a refined microstructure. Apart from this, it is useful in breaking down the oxide layer deposited on the particles by intense deformation within the weld region. Furthermore, the application of FSW equipment is expanding across different industries. For instance, it is employed in the automotive sector on account of the escalating demand for aluminum-based chassis and the increasing focus on reducing the weight of vehicles. Aluminum components in a car, such as rear axles, driveshafts, bumper beams, rear spoilers, and crash boxes, can be welded using the FSW equipment. Besides this, it is utilized in the aerospace industry to reduce the weight of the aerospace components and overall fuel consumption.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global friction stir welding equipment market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on equipment type and end-use industry.

Breakup by Equipment Type:

Mobile Friction Stir Welding Equipment
Fixed Friction Stir Welding Equipment

Breakup by End-Use Industry:

Automotive Industry
Aerospace Industry
Railway Industry
Shipbuilding Industry

Breakup by Region:

North America
United States
Asia Pacific
South Korea
United Kingdom
Latin America
Middle East and Africa

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being 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), etc.

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Friction Stir Welding Equipment Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Equipment Type
6.1 Mobile Friction Stir Welding Equipment
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Fixed Friction Stir Welding Equipment
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Others
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by End-Use Industry
7.1 Automotive Industry
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Aerospace Industry
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Railway Industry
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Shipbuilding Industry
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States Market Trends Market Forecast
8.1.2 Canada Market Trends Market Forecast
8.2 Asia Pacific
8.2.1 China Market Trends Market Forecast
8.2.2 Japan Market Trends Market Forecast
8.2.3 India Market Trends Market Forecast
8.2.4 South Korea Market Trends Market Forecast
8.2.5 Australia Market Trends Market Forecast
8.2.6 Indonesia Market Trends Market Forecast
8.2.7 Others Market Trends Market Forecast
8.3 Europe
8.3.1 Germany Market Trends Market Forecast
8.3.2 France Market Trends Market Forecast
8.3.3 United Kingdom Market Trends Market Forecast
8.3.4 Italy Market Trends Market Forecast
8.3.5 Spain Market Trends Market Forecast
8.3.6 Russia Market Trends Market Forecast
8.3.7 Others Market Trends Market Forecast
8.4 Latin America
8.4.1 Brazil Market Trends Market Forecast
8.4.2 Mexico Market Trends Market Forecast
8.4.3 Others Market Trends Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Indicators
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Beijing FSW Technology Co Ltd. Company Overview Product Portfolio
13.3.2 Colfax Corporation Company Overview Product Portfolio Financials SWOT Analysis
13.3.3 Fooke GmbH Company Overview Product Portfolio Financials
13.3.4 Gatwick Technologies Ltd. Company Overview Product Portfolio Financials
13.3.5 General Tool Company Company Overview Product Portfolio
13.3.6 Grenzebach Maschinenbau GmbH Company Overview Product Portfolio Financials
13.3.7 Hitachi High-Tech Corporation Company Overview Product Portfolio Financials SWOT Analysis
13.3.8 KUKA Systems GmbH (Midea Group Co. Ltd.) Company Overview Product Portfolio
13.3.9 Manufacturing Technology Inc. Company Overview Product Portfolio
13.3.10 Par Systems LLC (Pohlad Companies) Company Overview Product Portfolio Financials

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