Global Friction Welding Machine Market 2020-2024

Global Friction Welding Machine Market 2020-2024

The publisher has been monitoring the friction welding machine market and it is poised to grow by $ 314.61 mn during 2020-2024 progressing at a CAGR of 2% during the forecast period. The report on friction welding machine market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the wide array of future applications, high quality welding of dissimilar metals made possible and growing adoption of friction welding process for thermoplastics. In addition, wide array of future applications is anticipated to boost the growth of the market as well.

The friction welding machine market analysis includes end-user segment and geographical landscapes.

The friction welding machine market is segmented as below:

By End-user

• Automotive
• Aerospace & defense
• Construction
• Marine
• Others

By Geographical Landscapes

• APAC
• North America
• Europe
• South America
• MEA

This study identifies the advent of new technologies driven by the competitive landscape as one of the prime reasons driving the friction welding machine market growth during the next few years. Also, the emergence of new materials and the introduction of new welding technology involves greater R&D expenses will lead to sizable demand in the market.

The report on friction welding machine market covers the following areas:

• Friction welding machine market sizing
• Friction welding machine market forecast
• Friction welding machine market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading friction welding machine market vendors that include Chongqing Machinery and Electronics Holding (Group) Co. Ltd., Colfax Corp., ETA Technology Pvt. Ltd., FOOKE Gmbh, Gatwick Technologies Ltd., General Tool Co., Manufacturing Technology Inc., Midea Group Co. Ltd., RV Machine Tools, and Sakae Industries Co. Ltd. Also, the friction welding machine market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.