Friction Stir Welding Market By Equipment (Fixed Friction Stir Welding Equipment, Adjustable Friction Stir Welding Equipment, Self-Reacting Friction Stir Welding Equipment), By Applications (Shipbuilding And Off-Shore, Automotive, Railways, Aerospace, Fabrication) - Growth, Future Prospects And Competitive Analysis, 2018 – 2026

Overview:

Resurgence in the automotive industry post economic recession is identified as the major factor driving the global friction stir welding demand. In addition, advancements in technology concerned with friction stir welding processes are also expected to boost demand for FSW equipment globally, especially for manufacturing lightweight boats, trains, airplanes and all the structures where high strength, low weight, good toughness and excellent fatigue life are required. These factors are expected to contribute towards a CAGR of 6.9% during the forecast period 2018 – 2026. 

Friction Stir Welding Market

Product Segmentation Analysis:

Based on product type, the global friction stir welding market is segmented into following categories

  • Fixed Friction Stir Welding
  • Adjustable Friction Stir Welding
  • Self-reacting Friction Stir Welding

Their contribution to the global friction stir welding market in 2017 is as shown in the figure below:

Friction Stir Welding Market

As of 2017, the overall friction stir welding (FSW) market worldwide was dominated by the fixed friction stir welding segment. Fixed friction stir welding equipment being the traditional and most widely known welding equipment variants across multiple end-use industries, account for majority of the market revenue share. The trend shall prolong and the segment is presumed to retain its dominance, witnessing steady and regulated growth during the forecast period 2018 – 2026. Although fixed friction stir welding equipment are expected to remain largest revenue contributors to the global market, adjustable friction stir welders are poised to register maximum growth during the forecast period 2018 – 2026. The growth in demand for adjustable friction stir welders can be majorly credited to their ability to weld materials of varied thickness with precision and less manual work.

End-use Application Segmentation Analysis:

On the basis of end-use application, the global friction stir welding market is categorized into following segments:

  • Shipbuilding and Off-shore
  • Automotive
  • Railways
  • Aerospace
  • Fabrication
  • Others

The following figure represents contribution of these end-use application segments to the global friction stir welding market in 2017 and 2026.

Friction Stir Welding Market

In 2017, automotive segment held the largest share in the overall friction stir welding market worldwide. Welds produced by friction stir welders have higher strength and formability due to low welding temperatures compared to fusion welding processes. Friction stir welding has provided a cost-effective and automated method to meet the welding demands of today’s automotive producers. Aerospace is anticipated to grow at a highest growth rate during the forecast period 2018 - 2026. In the aerospace industry, large tanks for launch vehicles are manufactured from high-strength aluminum alloys using friction stir welders. Weight is one of the biggest challenges for aircraft manufacturers. Using FSW to join aluminum alloy stringers to skins for aircraft wings and fuselage structures will reduce weight by the removal of thousands of rivets, and any overlapping aluminum material.

Geography Segmentation Analysis

On the basis of geography, the global market for friction stir welding is segmented into following regions and countries.

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Rest of Asia Pacific
  • Rest of the World
    • Latin America
    • Middle East & Africa

The contribution of these regions (North America, Europe, Asia Pacific, and RoW) to the global friction stir welding market in 2017 is as shown in the figure below:

Friction Stir Welding Market

In the base year 2017, Asia Pacific was the largest friction stir welding market in terms of both revenue and unit shipments. The region accounted for 35.1% of the global friction stir welding market revenue in the same year. The strong demand for friction stir welding equipment is reflective of huge fabrication and automotive industry in the region. The trend shall prolong and the region is presumed to hold on to its leading position, witnessing robust growth during the forecast period. China represented the largest individual friction stir welding market in Asia Pacific followed by India and Japan. On the other hand, after a period of sluggish growth during economic recession, the automotive, shipbuilding, and aerospace industries in developed economies (North America and Europe) have shown signs of recovery, thereby driving replacement of obsolete friction stir welding equipment with the state-of-the art equivalents. 

Report Scope

This report analyzes the global friction stir welding market in terms of equipment type, end-use application, and geography. Based on equipment type, the global friction stir welding market is segregated into fixed friction stir welding, adjustable friction stir welding, and self-reacting friction stir welding. Similarly, on the basis of end-use application, the global market for friction stir welding is further classified into automotive, ship building and off-shore, railways, aerospace, and fabrication among others. The geographical distribution of the global friction stir welding market considered in this study encompasses regional markets such as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Friction Stir Welding Market

On the basis of end-use application, the global friction stir welding market is categorized into following segments:

  • Shipbuilding and Off-shore
  • Automotive
  • Railways
  • Aerospace
  • Fabrication
  • Others

The following figure represents contribution of these end-use application segments to the global friction stir welding market in 2015 and 2024.

Friction Stir Welding Market

In 2015, automotive segment held the largest share in the overall friction stir welding market worldwide. Welds produced by friction stir welders have higher strength and formability due to low welding temperatures compared to fusion welding processes. Friction stir welding has provided a cost-effective and automated method to meet the welding demands of today’s automotive producers. Aerospace is anticipated to grow at a highest growth rate during the forecast period 2016 - 2024. In the aerospace industry, large tanks for launch vehicles are manufactured from high-strength aluminum alloys using friction stir welders. Weight is one of the biggest challenges for aircraft manufacturers. Using FSW to join aluminum alloy stringers to skins for aircraft wings and fuselage structures will reduce weight by the removal of thousands of rivets, and any overlapping aluminum material.

On the basis of geography, the global market for friction stir welding is segmented into following regions and countries.

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Rest of Asia Pacific
  • Rest of the World
    • Latin America
    • Middle East
    • Africa

The contribution of these regions (North America, Europe, Asia Pacific, and RoW) to the global friction stir welding market in 2015 is as shown in the figure below

Friction Stir Welding Market

In the base year 2015, Asia Pacific was the largest friction stir welding market in terms of both revenue and unit shipments. The region accounted for 34.7% of the global friction stir welding market revenue in the same year. The strong demand for friction stir welding equipment is reflective of huge fabrication and automotive industry in the region. The trend shall prolong and the region is presumed to hold on to its leading position, witnessing robust growth during the forecast period. China represented the largest individual friction stir welding market in Asia Pacific followed by India and Japan. On the other hand, after a period of sluggish growth during economic recession, the automotive, shipbuilding, and aerospace industries in developed economies (North America and Europe) have shown signs of recovery, thereby driving replacement of obsolete friction stir welding equipment with the state-of-the art equivalents.

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Published Date:  Mar 2017
Category:  Automation & Process Control
Report ID:   58378
Report Format:   PDF
Pages:   120
Rating:    4.5 (70)
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