What is Global Friction Stir Welding (FSW) Machine Market?
The Global Friction Stir Welding (FSW) Machine Market is a comprehensive study of the latest trends and changes in the global business sector. This market research report provides an in-depth analysis of the global market, including information about all the major aspects of the market. The report provides a thorough analysis of the market's current status, patterns, competitive landscape, and strategic market growth. The FSW machine market is a segment of the global market where machines are used to perform friction stir welding. This is a solid-state joining process that uses a non-consumable tool to join two facing workpieces without melting the workpiece material. The process is widely used in various industries such as aerospace, automotive, and shipbuilding due to its advantages over traditional fusion welding methods. The global FSW machine market is growing due to the increasing demand for high-quality welding in these industries.
Desktop Equipment, Gantry Equipment in the Global Friction Stir Welding (FSW) Machine Market:
The Global Friction Stir Welding (FSW) Machine Market is segmented into two types based on the equipment used: Desktop Equipment and Gantry Equipment. Desktop Equipment is a type of FSW machine that is compact and suitable for small-scale operations. It is commonly used in industries such as electronics and jewelry where precision is required. On the other hand, Gantry Equipment is a larger and more robust type of FSW machine that is used for large-scale operations. It is commonly used in industries such as automotive and shipbuilding where large and heavy workpieces need to be welded. Both types of equipment have their own advantages and are chosen based on the specific requirements of the operation. The choice of equipment also depends on factors such as the size of the workpiece, the material of the workpiece, and the desired quality of the weld.
Aerospace and Defence Industry, Automotive, Shipbuilding, General Machine Manufacturing in the Global Friction Stir Welding (FSW) Machine Market:
The Global Friction Stir Welding (FSW) Machine Market finds its usage in various industries such as Aerospace and Defence Industry, Automotive, Shipbuilding, and General Machine Manufacturing. In the Aerospace and Defence Industry, FSW machines are used to weld parts of aircraft and spacecraft that require high-strength and defect-free welds. In the Automotive industry, FSW machines are used to weld parts of vehicles such as body panels and chassis. In the Shipbuilding industry, FSW machines are used to weld parts of ships such as hulls and decks. In the General Machine Manufacturing industry, FSW machines are used to weld parts of various machines and equipment. The use of FSW machines in these industries is increasing due to the numerous advantages they offer over traditional welding methods.
Global Friction Stir Welding (FSW) Machine Market Outlook:
The Global Friction Stir Welding (FSW) Machine Market outlook is promising. In 2023, the market was valued at US$ 183.3 million and it is expected to reach US$ 245.7 million by 2030. This represents a Compound Annual Growth Rate (CAGR) of 4.4% during the forecast period from 2024 to 2030. The market is dominated by the top five players who collectively hold a market share of around 43%. In terms of geographical distribution, Europe is the largest market with a share of about 35%, followed by Asia-Pacific and North America with shares of 31% and 27% respectively.
| Report Metric | Details |
| Report Name | Friction Stir Welding (FSW) Machine Market |
| Accounted market size in 2023 | US$ 183.3 million |
| Forecasted market size in 2030 | US$ 245.7 million |
| CAGR | 4.4% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
|
| Segment by Application |
|
| Production by Region |
|
| Consumption by Region |
|
| By Company | Grenzebach Maschinenbau GmbH, Nova-Tech Engineering, Beijing FSW, FOOKE GmbH, PaR Systems, Aerospace Engineering Equipment, PTG, General Tool Company, Sooncable, HAGE Sondermaschinenbau GmbH, Stirtec GmbH, Hitachi, BTI, Mazak, Jinfeng |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
