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Friction Stir Welding Market By Equipment Type (Mobile Friction Stir Welding Equipment, Fixed Friction Stir Welding Equipment, Others) By End-Use Industry(Automotive Industry, Aerospace Industry, Rai 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, 2016 – 2028

What are the Applications of Friction Stir Welding Equipment?

The use of friction stir welding equipment is expanding in various industries. It is used in the automotive industry due to the rising demand for chassis made of aluminum and the growing attention to vehicle weight reduction. The friction stir welding equipment can be used to weld aluminum auto parts such as bumper beams, rear axles, driveshafts, rear spoilers, and crash boxes. In addition, it is applied in the aircraft sector to lower component weight and overall fuel consumption, which is anticipated to boost the friction stir welding market's expansion during the forecast period.

friction-stir-welding-market

What is the Market Size of Friction Stir Welding in terms of value?

The global friction stir welding market is projected to increase at a significant CAGR of 6.20%. The Global Friction Stir Welding market was valued at USD 192.1 million and was projected to reach a value of USD 275.59 million by 2028. Therefore, the demand for friction stir welding will increase significantly over the next few years. During the anticipated period between 2022 and 2028, it is anticipated to create revenue potential for the major industry players of USD 83.49 million. Recent developments and research progress on titanium alloy friction stir welding are projected to drive the market expansion during the forecast period.

Interesting Facts about Friction Stir Welding Market

  • Recent developments and research progress on titanium alloy friction stir welding are projected to drive the market expansion during the forecast period.
  • Product benefits include reduced adverse effects on human health and the environment, increased mechanical qualities, including tensile strength and fatigue resistance, and enhanced process robustness.
  • Inadequate user training and a shortage of competent and certified labor are anticipated to hinder the growth of the friction stir welding equipment market during the forecast period.
  • The increased demand from the electronics industry, the launch of new products, and fierce vendor competition in North America are some of the main factors anticipated to propel the friction stir welding equipment market in the coming years.
  • The automotive industry witnessed high growth during the forecast period due to the extensive usage of aluminium welding equipment.

Who are the Top 10 players/companies in the global friction stir welding market regarding value and volume?

The prominent players in the global friction stir welding market in terms of value and volume include Colfax Corporation, Beijing FSW Technology Co. Ltd., Manufacturing Technology Inc., Fooke GmbH, Gatwick Technologies Ltd., Hitachi High-Tech Corporation, Grenzebach Maschinenbau GmbH, KUKA Systems GmbH (Midea Group Co. Ltd.), General Tool Company, and Par Systems LLC (Pohlad Companies). These key players are focusing on novel product developments as well as technological innovation to improve their production of friction stir welding to gain a competitive market share at a global level. For instance, in August 2020, PaR Systems will bring proprietary friction stir welding to high-tech production. Adopting a precise, repeatable, and environmentally friendly method stirs together two materials to create a single substance. PaR's I-STIR friction stir welding solution produces higher quality welds than Mobile Friction Stir Welding Equipment fusion welding.

On the other hand, in August 2019, the University of Stuttgart developed a new friction stir welding method for joining aluminum and steel plates. As a result, different plate thicknesses are possible, and because the seam is so solid, hybrid vessels can even be deep-drawn. This makes it possible to produce lightweight yet durable hybrid metal components for several applications, including the automobile sector.

Who are the Top 10 Countries in the Friction Stir Welding Market?

In the global friction stir welding market, the significant Countries are the U.S., Canada, Germany, France, Italy, Russia, China, and South Africa. Increasing competition among vendors would help the industry to propel in the coming years. The rising demand from the electronics sector And the recent launch of new products in the United States will drive the welding equipment market in the region in the next few years. The European region accounted for a considerable share of the global friction stir welding equipment market owing to advancements in the technology in the area. Furthermore, Europe accounted for a significant percentage of the worldwide friction stir welding equipment market in 2018 due to technological advances in the region.

Which is the Key Application Area in the Friction Stir Welding Market?

The automotive segment is expected to witness high growth in the forecast period owing to the increasing demand for aluminum welding machines. An economical and dependable welding process dramatically improved automotive manufacturers' production. Cost reductions come from lower setup and operation expenses, less personnel training, and the lack of consumables in this process. The FSW technique is perfect for addressing differences in high-volume production lines generally found in the vehicle manufacturing industry. Friction stir welding can join aluminum to certain alloys for some components when all-aluminum construction is not feasible. Due to the consistency, the automation of this process ensures that parts are made the same way each time.

What are the Major Driving Factors for Friction Stir Welding Market?

Robust demand in the industrial sector and the benefits offered by the equipment are anticipated to boost the market's growth. In addition, the need for welding equipment in the area will be driven by increasing demand from the electronics industry and recent product launches in the U.S. for friction stir welding market growth during the forecast period. Due to technological developments, Europe accounted for a significant market share during the forecast period. Furthermore, due to technological improvements, Europe will account for the most market growth in the coming years. Due to technological developments, Europe accounted for a significant market share during the forecast period. Furthermore, due to technological improvements, Europe will account for the most market growth in the coming years.

What are the Major Restraints for Friction Stir Welding Market?

Friction stir welding equipment consumption is anticipated to hinder the market's growth in the coming years owing to the expansion of downstream sectors and economic uncertainty, which will hurt the global market in coming years. In addition, poor user training and a lack of a professional and qualified labor force will limit the global market for friction stir welding equipment in the next few years.

Which Region Dominated the World Friction Stir Welding Market?

From 2019 to 2027, North America will likely dominate the global friction stir welding equipment market, followed by Europe and the Asia-Pacific. Increasing technological developments in the friction stir welding market are projected to drive market growth during the forecast period. Furthermore, high demand from the automotive and aerospace industries is a significant factor in the market's development. Moreover, new product launches in friction stir welding equipment and growing acquisitions and partnerships propelled the market expansion during the forecast period.

Segmentation of Global Friction Stir Welding Market-

By Equipment Type

  • Mobile Friction Stir Welding Equipment
  • Fixed Friction Stir Welding Equipment
  • Others

By End-Use Industry

  • Automotive Industry
  • Aerospace Industry
  • Railway Industry
  • Shipbuilding Industry
  • Others

By Region

    • North America
      • The U.S.
      • Canada
    • Europe
      • Germany
      • France
      • U.K.
      • Italy
      • Spain
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • South-east Asia
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle East & Africa
      • GCC Countries
      • South Africa
      • Rest of Middle East and Africa

Frequently asked questions about the global Friction Stir Welding Market?

The rapeseed Oil market also suffered from the COVID 19 pandemic, which resulted in the decline of over 8% in revenue generated in 2020 due to the ongoing pandemic are leisure and hospitality, employment services, transportation, mining, and travel arrangements.

North America accounted for the highest share in the global friction stir welding market in value and volume.

The limited impact on health and environment, urbanized process strength, and significant mechanical properties such as high fatigue resistance and tensile strength are the major factors driving the market's growth.

Automotive industry had a significant share in 2021.

The food processing industry had a significant share in the global market in 2021 and is projected to continue its dominance over the forecast period

Friction Stir Welding Market Scope

Report Attribute Details
Market Value in 2021 USD 192.1 million
Market Value in 2028 USD 275.59 million
CAGR 6.20%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Trusted By
Godaddy
Published Date:  Aug 2022
Category:  Automation & Process Control
Report ID:   58378
Report Format:   PDF
Pages:   180
Rating:    4.8 (80)
Delivery Time: 24 Hours to 48 Hours   
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