USD 188 million
Friction Stir Welding Equipment Market Size, Share, Growth Analysis, By Product(Fixed Friction Stir Welding, Adjustable Friction Stir Welding, and Self-reacting Friction Stir Welding), By Material(Aluminum, Magnesium, Copper & Copper Alloy, Steel & Ferrous Alloys), By End User(Shipbuilding & Offshore, Automotive and Aerospace), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20E2082 |
Region:
Global |
Published Date: April, 2024
Pages:
205
|Tables:
91
|Figures:
70
Friction Stir Welding Equipment Market Insights
Global Friction Stir Welding Equipment Market size was valued at USD 188 million in 2022, USD 202.3 million in 2023 and is projected to grow USD 338.8 million by 2031, growing at a CAGR of 7.64% in the forecast period (2024-2031).
The aluminum welding process in the car industry makes considerable use of friction stir welding equipment. This procedure gives the final products mechanical properties including stiffness, strength, and resistance to fatigue. Over the forecast period, this aspect is expected to fuel the growth of the friction stir welding equipment market. The use of friction stir welding equipment has benefits in terms of reduced operating costs, environmental impact, and potential health risks. This motivates the usage of friction stir welding equipment in various applications related to metal processing.
Friction stir welding uses no molten material or fumes, making it an environmentally benign and energy-efficient technology. It is helpful in many end-use industries, including automotive, shipbuilding, aerospace, and railroads, and it supports a broad variety of thicknesses. Friction stirs welding, being a solid-state procedure, eliminates many of the flaws associated with traditional fusion welding techniques, including porosity, solidification, shrinkage, and cracking. In the upcoming years, market expansion is anticipated to be driven by this factor. Nonetheless, during the forecast period, a shortage of competent and professional labor is expected to impede the expansion of the worldwide market for friction stir welding equipment.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Fixed friction stir welding
Fastest Growth
Adjustable friction stir welding
Growth Rate
7.64% CAGR
Global Friction Stir Welding Equipment Market ($ Bn)
Country Share by Asia Pacific (%)
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Friction Stir Welding Equipment Market Segmental Analysis
The global friction stir welding equipment market is segmented based on product, material, end user and regional type. In terms of products, the market is segmented into fixed friction stir welding, adjustable friction stirs welding and self-reacting friction stir welding. Based on material, the market is bifurcated into aluminum, magnesium, copper & copper alloy, steel & ferrous alloys and titanium. Based on end user, the market is bifurcated into shipbuilding & offshore, automotive and aerospace. Based on region, the market is segmented into North America, Europe, Asia Pacific, Central & South America and Middle East & Africa. The product segment's potential to improve patient outcomes and lessen the cost of healthcare is what will drive its future growth.
Analysis by Product
As per categorization by product, the market is classified into fixed friction stir welding, adjustable friction stir welding and self-reacting friction stir welding. Among these, fixed friction stir welding earned the largest share and continues to dominate the market. Fixed friction stir welding continues to be a cornerstone in the global friction stir welding equipment market, offering reliability and simplicity in welding operations. The technique finds extensive application in industries such as aerospace, automotive, and shipbuilding, where precise and consistent welds are crucial. Ongoing innovations focus on enhancing tool design and control systems, further improving weld quality and expanding the range of materials that can be effectively joined. As a result, fixed friction stir welding remains a preferred choice for many manufacturers seeking efficient and high-quality welding solutions.
Due to their efficiency and adaptability, self-reacting and adjustable friction stir welding are expected to rise at a quick pace in the global market for friction stir welding equipment. These methods meet the changing needs of the aerospace, automotive, and marine industries by providing greater flexibility in the welding of complicated geometries and varied thicknesses. Furthermore, by lowering the number of welding passes necessary and consequently the manufacturing costs, self-reacting and customizable FSW allow for improved productivity. In the upcoming years, it is anticipated that manufacturers will implement these new FSW techniques at a substantially faster rate as they look to optimize production processes and improve weld quality.
Analysis by End User
Friction stir welding (FSW) equipment is becoming more widely used in the automotive industry as it can efficiently combine lightweight materials, improving structural integrity and fuel efficiency. Aluminum alloys and other cutting-edge materials are welded in vehicle components including body panels, chassis, and heat exchangers by automakers using FSW equipment. Current advancements in FSW technology concentrate on strengthening welds, cutting cycle times, and streamlining process control to satisfy the demanding demands of contemporary vehicle production.
Shipbuilding & Offshore and Aerospace industries are poised for significant growth in the global friction stir welding equipment market due to their increasing demand for lightweight and high-strength materials. Friction stir welding (FSW) technology offers distinct advantages in these sectors by enabling the fabrication of large and complex structures with superior weld quality and reduced distortion. Moreover, FSW facilitates the joining of dissimilar materials, critical for aerospace and offshore applications, where corrosion resistance and structural integrity are paramount. As these industries continue to seek efficient manufacturing solutions, the adoption of FSW equipment is expected to surge, driving market growth.
Global Friction Stir Welding Equipment Market By Product (%)
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Friction Stir Welding Equipment Market Regional Insights
In the Asia Pacific market, the friction stir welding machine business is seeing increased income thanks to the expanding automotive, railway, aerospace, and defense sectors. The APAC region accounted for a substantial share of the market in 2022. Friction stir welding (FSW) equipment is in high demand in Asia due to its numerous advantages in connecting lightweight materials and essential applications. FSW technology is being used by the shipbuilding, aerospace, and automotive industries due to its ability to generate high-quality, flawless welds with superior mechanical qualities. Infrastructure projects, automotive lightweighting programmes, and expenditures in aerospace and defense are some of the drivers driving the North American market for friction stir welding equipment.
Europe is a notable market for friction stir welding equipment due to the development of aerospace technology, the continent's thriving automobile industry, and its active shipbuilding projects. Meanwhile, there is unrealized market potential for friction stir welding equipment expansion throughout Latin America and the Middle East and Africa. This expansion is driven by expanding building projects, the creation of energy infrastructure, and the rise of the automobile industry, all of which need effective welding solutions to keep up with growing demand.
Global Friction Stir Welding Equipment Market By Geography
- Largest
- Fastest
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Friction Stir Welding Equipment Market Dynamics
Drivers
Growing Needs of Lightweight Materials
- Industries such as automotive, aerospace, and marine are constantly searching for lightweight materials to enhance performance, reduce emissions, and improve fuel efficiency. The fact that friction stir welding provides a useful method of combining lightweight materials like composites, magnesium, and aluminium without compromising strength is what drives the need for FSW equipment.
Automotive and Aerospace Industries is Dominating
- The automotive and aerospace industries are seeing an increase in the use of friction stir welding due to its ability to fuse various materials together and produce welds that are extremely robust with minimal distortion. This acceptance is being fuelled by the need for lightweight, fuel-efficient, and more reasonably priced constructions.
Restraints
Process Complexity
- Friction stir welding requires specific instruments and knowledge to be done correctly. Process variables including tool form, traverse speed, and rotating speed need to be carefully controlled to produce welds of the highest calibre. The process' complexity could be challenging for those who are unfamiliar with FSW technology.
Quality Assurance
- Ensuring the consistent quality and reliability of welds is crucial, especially in sectors such as aerospace and automotive where safety is of the highest concern. Procedures for quality assurance need to be robust to effectively find and minimise defects. The use of rigorous inspection and testing techniques increases the complexity and cost of the production process.
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Friction Stir Welding Equipment Market Competitive Landscape
The competitive landscape of the global market for friction stir welding equipment is characterised by the presence of well-known international businesses. ESAB Welding & Cutting Products, KUKA AG, Hitachi High-Technologies Corporation, Beijing FSW Technology Co., Ltd., and General Tool Company are some of the major participants in the market. To meet the increasing need for friction stir welding solutions across a variety of industries worldwide, these businesses compete for market share by concentrating on product breakthroughs, forming strategic alliances, and broadening their geographic reach.
Top Player’s Company Profiles
- PaR Systems (United States)
- Nova-Tech Engineering (United States)
- Hitachi (Japan)
- FOOKE GmbH (Germany)
- Valmet (Finland)
- Nitto Seiki (Japan)
- Gatwick Stirtec GmbH (Germany)
- ESAB (Sweden)
- General Tool Company (United States)
- PTG (United Kingdom)
- Beijing FSW (China)
- Grenzebach Maschinenbau GmbH (Germany)
- BTI (United States)
- Sooncable (South Korea)
Recent Developments
- In May 2022, Hitachi revealed their next generation of friction stir welding machines, which are more productive and precise for use in the automotive and aerospace industries. To guarantee consistent weld quality and shorten cycle times, the new equipment has sophisticated monitoring and control systems. Hitachi's commitment to offering dependable and effective solutions to the worldwide friction stir welding industry is demonstrated by its investment in technological innovation.
- In August 2023, Hitachi revealed their next generation of friction stir welding machines, which are more productive and precise for use in the automotive and aerospace industries. To guarantee consistent weld quality and shorten cycle times, the new equipment has sophisticated monitoring and control systems. Hitachi's commitment to offering dependable and effective solutions to the worldwide friction stir welding industry is demonstrated by its investment in technological innovation.
- In September 2023, ESAB unveiled the RebelTM FSW, a cutting-edge friction stir welding device with a focus on use and adaptability. With the help of cutting-edge technologies like adaptive control technology and automatic parameter optimization, the RebelTM FSW can effectively weld a variety of materials and thicknesses. This advancement demonstrates ESAB's dedication to providing innovative solutions that satisfy the changing needs of the worldwide friction stir welding market.
Friction Stir Welding Equipment Key Market Trends
- Ongoing Advancements in Welding Technology: Emphasis on sophisticated Material Joining: Reliable joining procedures are becoming more necessary as sophisticated materials like composites and dissimilar alloys are used in more industries. The market is growing as friction stir welding equipment provides a practical way to weld these materials together. In addition, advancements in automation, process control, and tool design are raising the effectiveness and caliber of welds.
- Focus on Sustainability and Cost-Effectiveness: When compared to conventional welding techniques, friction stir welding has several benefits, including cheaper manufacturing costs, minimum distortion, and lower energy usage. Equipment for friction stir welding is projected to become more in demand as businesses look to enhance the sustainability and efficiency of their manufacturing processes. Friction stirs welding equipment's increasing importance in contemporary manufacturing and shows off the prospects for market growth across a range of industries.
Friction Stir Welding Equipment Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, Friction stir welding (FSW) equipment is becoming more necessary as the need for lightweight materials in the automotive, aerospace, and marine industries grows. FSW provides a dependable way to join materials like composites, magnesium, and aluminum without sacrificing strength. As FSW can provide strong welds with little distortion, it is being used more by the automotive and aerospace industries. This is due to these industries recognizing the need for lightweight, fuel-efficient, and economically viable structures. While maintaining consistent weld quality is crucial, particularly in safety-critical sectors like aerospace and automotive, friction stir welding requires precise control of various process variables and specialized knowledge, making it difficult for those who are not familiar with the technology. This necessitates robust quality assurance procedures, which often increase production complexity and costs.
KUKA AG, General Tool Company, and ESAB Welding & Cutting Products are a few of the leading players in the industry. To address the growing global demand for friction, stir welding solutions across diverse industries, these companies strive for a larger market share by focusing on innovative product development, establishing strategic partnerships, and expanding their geographical scope. Friction stir welding equipment is in high demand in the field of sophisticated material joining as it offers a practical way to join materials such as composites and dissimilar alloys together. It also has advantages like low energy consumption, minimal distortion, and cost-effectiveness, which are in line with the increasing emphasis on efficiency and sustainability in manufacturing processes in a variety of industries.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 188 million |
| Market size value in 2031 | USD 338.8 million |
| Growth Rate | 7.64% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Friction Stir Welding Equipment Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Friction Stir Welding Equipment Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Friction Stir Welding Equipment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Friction Stir Welding Equipment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Friction Stir Welding Equipment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Friction Stir Welding Equipment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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