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A Friction stir welding (FSW) machine is a solid-state joining machine that assists in joining two confronting work pieces, without melting the material. A joint-like structure is formed without filler metal, flux, or shielding gas and thus offers the unique advantages of cost-savings. This anticipated to boost the growth of the market. Friction Stir Welding Machine is advantageous over conventional methods. Friction Stir Welding Machine is primarily applied in various sectors such as automotive, aerospace, shipbuilding, and robotics.
Friction stir welding machines are majorly used in aluminium welding across various industry verticals, and their increasing use in the automotive industry is likely to help the market grow further. For instance, according to the International Organization of Motor Vehicle Manufacturers, the total number of vehicles sold in 2020 was around 78,774,320 units. This has increased to 82,864,788 units in 2021. Also, this process improves mechanical strength including strength, and rigidity. This is one of the major factor expected to drive the friction stir welding machine market growth over the forecast period. Moreover, use of friction stir welding machine reduces the operating cost advantages, sustainability, and lower negative impact on health which makes it more popular in the market.
Friction stir welding is one of the eco-friendly, and energy efficient technology without molten fumes involved during welding. Increased demand for sustainable technology is one of the major opportunities in the various end-use industries. Friction stir welding is predominantly used in various manufacturing sectors to join corners. Moreover, the rise in manufacturing of on-road vehicles, including two-wheelers, and four-wheelers are posed to be an opportunity for friction stir welding market. Moreover, it supports a wide range of metals and it is useful in various industries such as aerospace, shipbuilding, automotive, and railways.
Although the actual operating costs of the friction stir welding process are low, skilled workers are required to perform the process. If the worker is not aware of the process, the company must invest time and money in training the worker. Many companies, therefore, prefer other types of welding that do not require a highly skilled workforce. This factor could hamper the growth of the friction welding machine market.
Limited applications of friction stir welding are among major challenges in the market. Friction stir welding is limited to metals with a lower thickness. The higher temperature softening metals cannot be friction welded owing to higher stress, and temperature applied during friction stir welding. Hence, limited applications and metals are expected to challenge the global friction stir welding market in the forecasted period.
The report provides an in-depth analysis of the global Friction Stir Welding market, including market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. The increasing demand for Friction Stir Welding with increasing demand for fuel cell vehicles in automotive and transportation is driving the market and is expected to witness growth at a specific CAGR from 2022-2028.
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The Global Friction Stir Welding market consists of different market segments like type, application and geography.
By Type, Friction Stir Welding is consisting of
On the basis of types, the fixed friction stir welding machine type is expected to hold an important share in the market during the projection period. Fixed friction stir welding type of machine which is used in friction stir welding to carry work pieces during. The machine consists of a horizontal platform with several arms extending from it that hold various types of tools that are used for welding operations. Also, in recent years, with advancements in technology, the use of mobile friction stir welding machine technology has been increased among various end-user industries.
The Friction Stir Welding (FSW) Machine market on the basis of application include:
Based upon application, the market has been dominated by the automotive industry owing to the increased need for two-wheelers, and four-wheelers in the developing economies. The entry of various automobile manufacturers into emerging economies, including India, is one of the major factors driving the automotive segment for the friction stir welding market. Moreover, growing industries like shipbuilding and aerospace in developing countries like India, China, and Japan are likely to help this market to grow further.
The Global Friction Stir Welding (FSW) Machine market is studied for the following region:
For Friction Stir Welding (FSW) Machine, Asia-Pacific region is likely to gain a major share during the forecast period. This region is known to be one of the major manufacturers of automotives due to which the market share for Friction Stir Welding (FSW) is growing rapidly in the country. This region is also a hub to the industries like shipbuilding and aerospace, the region is known to have one of the largest railways networks due to which the market share for Friction Stir Welding (FSW) is growing in this region. Moreover, the market is growing rapidly in the North America region as well, since this region is known to be technically very advanced, and home to various automotive manufacturing facilities. Also, the flourishing aerospace sector of the North American region is likely to help this market to grow further.
Axiom MRC provides a 360-degree analysis of micro and macro-economic factors with regard to the Friction Stir Welding (FSW) Machine market. The report studied an exclusive COVID-19 impact analysis. In addition, the report also studied a complete analysis of changes in the global Friction Stir Welding (FSW) Machine market, expenditure, and economic and international policies on the supply and demand side. The report also studies the impact of pandemics on global economies, international trade, business investments, GDP, and marketing strategies of key players present in the market. COVID-19 had a negative impact on the Friction Stir Welding (FSW) Machine market. The COVID-19 pandemic-induced lockdown resulted in the closing down of production at original machine manufacturers (OEM). Besides, the decrease in consumer demand for automotive vehicles attributed to a loss in revenue and a severe liquidity crisis in the sector. For instance, according to the International Organization of Motor Vehicle Manufacturers, the global sale of commercial vehicles was around 27,191,615 units in 2019, which decreased to 24,857,157 units in 2020. Hence, decreased manufacturing of commercial vehicles has negatively impacted the global friction stir market’s growth.
The competitive landscape analysis of the Friction Stir Welding (FSW) Machine is majorly focused on expanding the global growth of the Friction Stir Welding (FSW) Machine market with new product innovation, business expansion, and the increasing presence of a range of manufacturers operating in the Friction Stir Welding (FSW) Machine market has led to the growing demand for the market. Besides, the players are continuously launching new products to cater to consumer demand across the globe, which has driven the market value.
The key players studied in the market are
Nov 2021: ESAB Group Inc., has acquired Canada based technology company octopus. The acquisition will add digital value by applying robot programing to ESAB friction stir welding products portfolio.
May 2021: Hitachi High-Technologies Corporation has inaugurated its new facility in Portland, and Oregon to research and develop new products of friction stir welding machines.
June 2018: Manufacturing technology, Inc. has acquired transformation technologies INC and has took over friction stir welding products under it. The acquisition has increased the market share across the globe owing to the expanded friction stir welding product portfolio.
The study of Friction Stir Welding market consists of different market segments like type, application and geography. On the basis of type, the market is fixed friction stir welding machine, mobile friction stir welding machines, and others. Based on application, the market is consisting among ship building industry, railway industry, aerospace industry, automotive, others. Based on geography, the market is studied across North America, Europe, Asia Pacific, and the Rest of the world. Among these regions, Asia-Pacific holds the major share during the forecast period.
| Market Sizing for
Year: | 2019-2028 |
| Base Year: | 2021 |
| Forecast Period: | 2022-2028 |
| Value: | USD Million |
| Market Segment
studied: | Type Application |
| Market Players and
its Competitors: | KUKA Systems GmbH (Germany) The ESAB Group, Inc. (United
States) Norsk Hydro ASA (Norway) Schlumberger Limited (United
States) Hitachi High-Technologies Corporation (Japan) Colfax Corporation( United States) Grenzebach Maschinenbau GmbH (Germany) Manufacturing Technology, Inc (United States) Par Systems LLC (Pohlad Companies) (United
States) |
FREQUENTLY ASKED QUESTIONS
What are the drivers for the Friction Stir Welding (FSW) Machine market?
Rising demand for vehicles across the globe will lead to the market growth.
Which is the leading application for the Friction Stir Welding (FSW) Machine?
Automotive has accounted for the major market share and is expected to witness growth at the highest pace during the forecast period.
Which region is gaining the majority of market share during the forecast period (2022-2028)?
Asia-Pacific is expected to gain major market share during the forecast period (2022-2028).
