 Global Friction Stir Welding Equipment Market Growth 2019-2024
      Global Friction Stir Welding Equipment Market Growth 2019-2024Friction 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.
According to this study, over the next five years the Friction Stir Welding Equipment market will register a 7.2% CAGR in terms of revenue, the global market size will reach US$ 280 million by 2024, from US$ 180 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Friction Stir Welding Equipment business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Friction Stir Welding Equipment market by product type, application, key manufacturers and key regions and countries.
This study considers the Friction Stir Welding Equipment value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
    Desktop Equipment
    Gantry Equipment
    Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
    Aerospace
    Automotive
    Shipbuilding
    Railways
    Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
        Spain
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
    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
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
    To study and analyze the global Friction Stir Welding Equipment consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
    To understand the structure of Friction Stir Welding Equipment market by identifying its various subsegments.
    Focuses on the key global Friction Stir Welding Equipment manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
    To analyze the Friction Stir Welding Equipment with respect to individual growth trends, future prospects, and their contribution to the total market.
    To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
    To project the consumption of Friction Stir Welding Equipment submarkets, with respect to key regions (along with their respective key countries).
    To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
    To strategically profile the key players and comprehensively analyze their growth strategies.
Summary: 
Get latest Market Research Reports on  Friction Stir Welding Equipment . Industry analysis & Market Report on  Friction Stir Welding Equipment  is a syndicated market report, published as Global Friction Stir Welding Equipment Market Growth 2019-2024. It is complete Research Study and Industry Analysis of  Friction Stir Welding Equipment  market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.