In this report, the Global Friction Stir Welding Equipment market is valued at USD XX million in 2019 and is expected to reach USD XX million by the end of 2026, growing at a CAGR of XX% between 2019 and 2026. Global Friction Stir Welding Equipment market has been broken down by major regions, with complete market estimates on the basis of products/applications on a regional basis.
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.
Market Analysis and Insights: Global Friction Stir Welding Equipment Market
In 2019, the global Friction Stir Welding Equipment market size was US$ 212.1 million and it is expected to reach US$ 342.3 million by the end of 2026, with a CAGR of 7.0% during 2021-2026.
Global Friction Stir Welding Equipment Scope and Market Size
Friction Stir Welding Equipment market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Friction Stir Welding Equipment market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2015-2026.
Segment by Type, the Friction Stir Welding Equipment market is segmented into
Segment by Application, the Friction Stir Welding Equipment market is segmented into
Regional and Country-level Analysis:
Rest of Asia-Pacific
Rest of Europe
Rest of Latin America
Middle East & Africa
Rest of MEA
Competitive Landscape and Friction Stir Welding Equipment Market Share Analysis
Friction Stir Welding Equipment market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2015-2020. Details included are company description, major business, Friction Stir Welding Equipment product introduction, recent developments, Friction Stir Welding Equipment sales by region, type, application and by sales channel.
The major companies include:
Grenzebach Maschinenbau GmbH
Reasons to Buy This Research Report
- Complete access to Global Friction Stir Welding Equipment market size, growth rate and forecast to 2026
- In-depth quantitative information on key regional Global Friction Stir Welding Equipment markets including North America, Europe, MEA and Asia Pacific
- Global Friction Stir Welding Equipment Market estimates and forecasts for key products/applications on a regional basis
- Facility to obtain country level information for complete Global Friction Stir Welding Equipment market segmentation
- Key trends, drivers and restraints for global Global Friction Stir Welding Equipment market
- Challenges to market growth for Global Friction Stir Welding Equipment manufacturers
- Key market opportunities of Global Friction Stir Welding Equipment Industry
About Crystal Market Reports
Crystal Market Reports is a distributor of market research spanning 160 industries. Our extensive database consists of over 400,000 quality publications sourced from 400 plus publishers, this puts our research specialists in the unique position of been able to offer truly unbiased advice on what research provides the most valuable insights.