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