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Friction Stir Welding Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 144 Pages
  • July 2023
  • Region: Global
  • IMARC Group
  • ID: 5530585
Description Jump to:
The global friction stir welding equipment market size reached US$ 213.8 Million in 2022. Looking forward, the publisher expects the market to reach US$ 311.9 Million by 2028, exhibiting a growth rate (CAGR) of 6.3% during 2023-2028.

Friction stir welding (FSW) refers to a solid-state welding technique that assists in joining two workpieces without melting the material. It relies on a non-consumable tool that rotates and plunges into the interface of the workpiece and then moves through it by using frictional heat that softens the material. It forms a joint similar in appearance to other welding techniques without the requirement of flux, filler metal or shielding gas and thus offers the unique advantages of cost-savings and weight reduction.

Friction Stir Welding Equipment Market Trends:

The market is currently experiencing growth on account of various product advantages, including the limited impact on health and the environment, and improved process robustness and mechanical properties like tensile strength and fatigue resistance. Moreover, it does not need a protective atmosphere for utilization. It is also highly suitable for welding preventive maintenance (PM) parts as it enables pore closure, which leads to a pore-free weld interface and a refined microstructure. Apart from this, it is useful in breaking down the oxide layer deposited on the particles by intense deformation within the weld region. Furthermore, the application of FSW equipment is expanding across different industries. For instance, it is employed in the automotive sector on account of the escalating demand for aluminum-based chassis and the increasing focus on reducing the weight of vehicles. Aluminum components in a car, such as rear axles, driveshafts, bumper beams, rear spoilers, and crash boxes, can be welded using the FSW equipment. Besides this, it is utilized in the aerospace industry to reduce the weight of the aerospace components and overall fuel consumption.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global friction stir welding equipment market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on equipment type and end-use industry.

Breakup by Equipment Type:

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

Breakup by End-Use Industry:

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

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Beijing FSW Technology Co. Ltd., Colfax Corporation, Fooke GmbH, Gatwick Technologies Ltd., General Tool Company, Grenzebach Maschinenbau GmbH, Hitachi High-Tech Corporation, KUKA Systems GmbH (Midea Group Co. Ltd.), Manufacturing Technology Inc., Par Systems LLC (Pohlad Companies), etc.

Key Questions Answered in This Report

1. What is the size of the global friction stir welding equipment market in 2022?
2. What are the key factors driving the global friction stir welding equipment market?
3. What has been the impact of COVID-19 on the global friction stir welding equipment market?
4. What is the breakup of the global friction stir welding equipment market based on the equipment type?
5. What is the breakup of the global friction stir welding equipment market based on the end use industry?
6. What are the key regions in the global friction stir welding equipment market?
7. Who are the key players/companies in the global friction stir welding equipment market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Friction Stir Welding Equipment Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Equipment Type
6.1 Mobile Friction Stir Welding Equipment
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Fixed Friction Stir Welding Equipment
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Others
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by End-Use Industry
7.1 Automotive Industry
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Aerospace Industry
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Railway Industry
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Shipbuilding Industry
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2 Asia Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Indicators
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Beijing FSW Technology Co. Ltd.
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.2 Colfax Corporation
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.2.3 Financials
13.3.2.4 SWOT Analysis
13.3.3 Fooke GmbH
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.3.3 Financials
13.3.4 Gatwick Technologies Ltd.
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.4.3 Financials
13.3.5 General Tool Company
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.6 Grenzebach Maschinenbau GmbH
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.6.3 Financials
13.3.7 Hitachi High-Tech Corporation
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.7.3 Financials
13.3.7.4 SWOT Analysis
13.3.8 KUKA Systems GmbH (Midea Group Co. Ltd.)
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.9 Manufacturing Technology Inc.
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.10 Par Systems LLC (Pohlad Companies)
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
13.3.10.3 Financials
List of Figures
Figure 1: Global: Friction Stir Welding Equipment Market: Major Drivers and Challenges
Figure 2: Global: Friction Stir Welding Equipment Market: Sales Value (in Million US$), 2017-2022
Figure 3: Global: Friction Stir Welding Equipment Market: Breakup by Equipment Type (in %), 2022
Figure 4: Global: Friction Stir Welding Equipment Market: Breakup by End-Use Industry (in %), 2022
Figure 5: Global: Friction Stir Welding Equipment Market: Breakup by Region (in %), 2022
Figure 6: Global: Friction Stir Welding Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 7: Global: Friction Stir Welding Equipment (Mobile Friction Stir Welding Equipment) Market: Sales Value (in Million US$), 2017 & 2022
Figure 8: Global: Friction Stir Welding Equipment (Mobile Friction Stir Welding Equipment) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 9: Global: Friction Stir Welding Equipment (Fixed Friction Stir Welding Equipment) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Friction Stir Welding Equipment (Fixed Friction Stir Welding Equipment) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Friction Stir Welding Equipment (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Friction Stir Welding Equipment (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Friction Stir Welding Equipment (Automotive Industry) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Friction Stir Welding Equipment (Automotive Industry) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Friction Stir Welding Equipment (Aerospace Industry) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Friction Stir Welding Equipment (Aerospace Industry) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Friction Stir Welding Equipment (Railway Industry) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Friction Stir Welding Equipment (Railway Industry) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Friction Stir Welding Equipment (Shipbuilding Industry) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Friction Stir Welding Equipment (Shipbuilding Industry) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Friction Stir Welding Equipment (Other End-Use Industries) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Friction Stir Welding Equipment (Other End-Use Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: North America: Friction Stir Welding Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: North America: Friction Stir Welding Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: United States: Friction Stir Welding Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: United States: Friction Stir Welding Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Canada: Friction Stir Welding Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Canada: Friction Stir Welding Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Asia Pacific: Friction Stir Welding Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Asia Pacific: Friction Stir Welding Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: China: Friction Stir Welding Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: China: Friction Stir Welding Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Japan: Friction Stir Welding Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Japan: Friction Stir Welding Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: India: Friction Stir Welding Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: India: Friction Stir Welding Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: South Korea: Friction Stir Welding Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: South Korea: Friction Stir Welding Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Australia: Friction Stir Welding Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Australia: Friction Stir Welding Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Indonesia: Friction Stir Welding Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Indonesia: Friction Stir Welding Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Others: Friction Stir Welding Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Others: Friction Stir Welding Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Europe: Friction Stir Welding Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Europe: Friction Stir Welding Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Germany: Friction Stir Welding Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Germany: Friction Stir Welding Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: France: Friction Stir Welding Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: France: Friction Stir Welding Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: United Kingdom: Friction Stir Welding Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: United Kingdom: Friction Stir Welding Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Italy: Friction Stir Welding Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Italy: Friction Stir Welding Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Spain: Friction Stir Welding Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Spain: Friction Stir Welding Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Russia: Friction Stir Welding Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Russia: Friction Stir Welding Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Others: Friction Stir Welding Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Others: Friction Stir Welding Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Latin America: Friction Stir Welding Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Latin America: Friction Stir Welding Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Brazil: Friction Stir Welding Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Brazil: Friction Stir Welding Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Mexico: Friction Stir Welding Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Mexico: Friction Stir Welding Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Others: Friction Stir Welding Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Others: Friction Stir Welding Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Middle East and Africa: Friction Stir Welding Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Middle East and Africa: Friction Stir Welding Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Global: Friction Stir Welding Equipment Industry: SWOT Analysis
Figure 72: Global: Friction Stir Welding Equipment Industry: Value Chain Analysis
Figure 73: Global: Friction Stir Welding Equipment Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Friction Stir Welding Equipment Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Friction Stir Welding Equipment Market Forecast: Breakup by Equipment Type (in Million US$), 2023-2028
Table 3: Global: Friction Stir Welding Equipment Market Forecast: Breakup by End-Use Industry (in Million US$), 2023-2028
Table 4: Global: Friction Stir Welding Equipment Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: Friction Stir Welding Equipment Market Structure
Table 6: Global: Friction Stir Welding Equipment Market: Key Players

Companies Mentioned

  • Beijing FSW Technology Co. Ltd.
  • Colfax Corporation
  • Fooke GmbH
  • Gatwick Technologies Ltd.
  • General Tool Company
  • Grenzebach Maschinenbau GmbH
  • Hitachi High-Tech Corporation
  • KUKA Systems GmbH (Midea Group Co. Ltd.)
  • Manufacturing Technology Inc.
  • Par Systems LLC (Pohlad Companies)

Methodology

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Table Information

Report AttributeDetails
No. of Pages144
PublishedJuly 2023
Forecast Period2022 - 2028
Estimated Market Value ( USD ) in 2022 $ 213.8 Million
Forecasted Market Value ( USD ) by 2028 $ 311.9 Million
Compound Annual Growth Rate6.5%
Regions CoveredGlobal
No. of Companies Mentioned10

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