Report ID: SQMIG20E2082
Report ID:
SQMIG20E2082 |
Region:
Global |
Published Date: April, 2024
Pages:
205
|
Tables:
91 |
Figures:
70
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.
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Report ID: SQMIG20E2082