USD 190 Million
Report ID:
SQMIG20E2082 |
Region:
Global |
Published Date: November, 2024
Pages:
205
|Tables:
91
|Figures:
70
Friction Stir Welding Equipment Market size was valued at USD 200 Million in 2023 and is poised to grow from USD 215.28 Million in 2024 to USD 365.98 Million by 2032, growing at a CAGR of 7.64% during the forecast period (2025-2032).
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.
Global Market Size
USD 190 Million
Largest Segment
Fixed friction stir welding
Fastest Growth
Adjustable friction stir welding
Growth Rate
7.64% CAGR
To get more reports on the above market click here to Buy The Report
Global Friction Stir Welding Equipment Market is segmented by Equipment Type, by End Use and by Region. Based on Equipment Type, the market is segmented into Fixed FSW Equipment, Mobile FSW Equipment, Robotic FSW Equipment, Others. Based on End Use, the market is segmented into Aerospace, Automotive, Shipbuilding, Railways, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
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.
To get detailed analysis on other segments, Request For Free Sample Report
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.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Drivers
Growing Needs of Lightweight Materials
Automotive and Aerospace Industries is Dominating
Restraints
Process Complexity
Quality Assurance
Request Free Customization of this report to help us to meet your business objectives.
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
Recent Developments
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 190 Million |
Market size value in 2031 | USD 340 Million |
Growth Rate | 7.64% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
|
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:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
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.
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.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG20E2082
sales@skyquestt.com
USA +1 351-333-4748