Friction stir welding ( FSW ) is a solid-state joining process that uses a non-consumable tool to join two facing workpieces without melting the workpiece material. Heat is generated by friction between the rotating tool and the workpiece material, which leads to a softened region near the FSW tool. While the tool is traversed along the joint line, it mechanically intermixes the two pieces of metal, and forges the hot and softened metal by the mechanical pressure, which is applied by the tool, much like joining clay, or dough. It is primarily used on wrought or extruded aluminium and particularly for structures which need very high weld strength.
In the coming years there is an increasing demand for friction stir welding equipment in the regions of North America and Europe that is expected to drive the market for more advanced friction stir welding equipment. Increasing of industiral used fields expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of friction stir welding equipment of APAC will drive growth of the market.
Globally, the friction stir welding equipment industry market is relatively concentrated as the manufacturing technology of friction stir welding equipment is high. And some enterprises, like ESAB, Grenzebach Maschinenbau GmbH and Nova-Tech Engineering etc. are well-known for the wonderful performance of their friction stir welding equipment and related services. At the same time, Europe, occupied 39.42% revenue market share in 2017, is remarkable in the global friction stir welding equipment industry because of their market share and technology status of friction stir welding equipment.
The consumption volume of friction stir welding equipment is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of friction stir welding equipment industry may not keep that fast. But it is surely forecasted that the market of friction stir welding equipment is still promising.
The Friction Stir Welding Equipment Market report analyses the impact of COVID-19 on this industry. COVID-19 can affect the global market in 3 ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on enterprises and financial markets.
The report offers detailed coverage of Friction Stir Welding Equipment industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Friction Stir Welding Equipment by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
The report forecast global Friction Stir Welding Equipment market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2027.
First, this report covers the present status and the future prospects of the global Friction Stir Welding Equipment market for 2015-2027.
Key Companies
ESAB
Grenzebach Maschinenbau GmbH
Nova-Tech Engineering
Beijing FSW
FOOKE GmbH
PaR Systems
Nitto Seiki
General Tool Company
Sooncable
Gatwick
Stirtec Gmbh
Hitachi
PTG
BTI
Valmet
Ekato
Xi'an Yonghua
Fluiten
James Walker
Huayang Seals
Huhnseal AB
Friction Stir Welding Equipment Market by Type
Desktop Equipment
Gantry Equipment
At the same time, we classify Friction Stir Welding Equipment according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
The report conveys the entirety of current realities about market definition, orders, applications, and commitment for the Friction Stir Welding Equipment market that are basic to be victorious inside the market. The principle motivation behind this report is to give a development map with respect to the activities taken by central participants of the Friction Stir Welding Equipment market like item dispatches, joint endeavors, propensities, consolidations, and acquisitions which is influencing the Friction Stir Welding Equipment market undertaking in general and furthermore influencing the business, import, fare, income and CAGR values.
Regional Analysis
North America, Latin America, Asia-Pacific countries, Europe, India, China, and over twenty countries have been analyzed based on the different marketing elements such as manufacturing capacity, consumer base, productivity, and profit margin, and ease of business. It is observed that North America, in particular, will show impressive development during the estimated time frame in marketing development. Administration organizations and outsider managers are channelizing their efforts to make client-driven items that will add to the development of an efficient marketing scenario in these regions. As the significant parts of the market business would be all around the globe, Middle East, Africa, North America along with other Asia-Pacific nations shows a great prospect of developing a good market favorable environment.
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Friction Stir Welding Equipment market for the forecast period 2021 - 2027?
• What are the driving forces in the Friction Stir Welding Equipment market for the forecast period 2021 - 2027?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Friction Stir Welding Equipment industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?
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