Global Friction Stir Welding Equipment Market 2018-2022|10% CAGR Projection Over the Next Four Years| Technavio

The global friction stir welding equipment market is expected to post a
CAGR of close to 10% during the period 2018-2022, according to
the latest market research report by Technavio.

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Technavio has published a new market research report on the global friction stir welding equipment market from 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the growing demand from
the automotive industry. The automotive industry is trending toward
increased use of aluminum owing to the increasing competition and the
need to reduce the weight of cars. The FSW process offers many potential
benefits for welding aluminum. It is a robust process that can handle
the variations inherent in high-volume production better than other
joining processes. It also provides improved mechanical properties such
as tensile strength and fatigue resistance, improved process robustness,
and lack of consumables.

This market research report on the global
friction stir welding (FSW) equipment market 2018-2022 also
provides an analysis of the most important trends expected to impact the
market outlook during the forecast period. Technavio classifies an
emerging trend as a major factor that has the potential to significantly
impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time
only: View
market snapshot before purchasing

In this report, Technavio highlights the use of new materials by
industries as one of the key emerging trends in the global friction stir
welding equipment market:

Global friction stir welding equipment market:
Use of new materials by industries

Evolving end-user industries constantly prompt wielding equipment
manufacturers to adopt new technologies to help them stay competitive.
From the introduction of new materials to the need for services such as
welding automation and weld data monitoring, changes drive industries to
adopt solutions that would help them deliver high levels of quality and

“FSW is an adaptable technology that can be applied to a range of
situations such as joining of materials, which may otherwise be
difficult to weld. It enhances the weld strength, improves energy
efficiency, and results in cost savings. With such advantages, the
global FSW equipment market is expected to drive growth during the
forecast period,” says a senior analyst at Technavio for research on
engineering tools.

Global friction stir welding equipment market:
Segmentation analysis

This market research report segments the global friction stir welding
equipment market by end-user (automotive industry, aerospace industry,
railway industry, and shipbuilding industry) and geographical regions
(APAC, EMEA, and the Americas).

The automotive industry segment held the largest market share in 2017,
accounting for nearly 28% of the market. This end-user segment is
expected to dominate the global market throughout the forecast period.

APAC led the market in 2017 with a market share of nearly 43% of the
market share. The market share occupied by this region is anticipated to
increase by nearly 2%, during 2018-2022.

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Some of the key topics covered in the report include:

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

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