Friction Stir Welding Equipment Market

Global Friction Stir Welding Equipment Market By Type (Desktop Equipment, Gantry Equipment, Others), By Application (Aerospace, Automotive, Shipbuilding, Railways, Others), and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa)

  • Report ID: CM-44
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 23
  • No. Of Pages: 177
  • Format:
  • Pub. Date: 2019-07-23
  • Share:

Market Outlook:

The global friction stir welding equipment market was valued at USD 186.4 Million in 2019 and is projected to reach USD 330.1 Million by 2027, expanding at a CAGR of 7.0% during the forecast period.

Global Friction Stir Welding Equipment Market Key Takeaways

Friction Stir Welding Equipment Products manufacturers are leveraging e-commerce network at international level to expand their geographical area of presence. Also, the leading manufacturers are maintaining their own sales by offering purchase option on respective websites. The sale of Friction Stir Welding Equipment Products through e-commerce websites such as Amazon, Walmart, Flipkart, and others is expected to be increasing due to rising preference for this websites from customers.

Global Friction Stir Welding Equipment Market: Marketing Channel
Marketing channel decisions are as important as the decisions companies make about the features and prices of products. Consumers have become more demanding. They are used to getting what they want. If one can’t get the product to them when, and how they want it, they will simply buy a competing product. In other words, how companies sell has become as important as what they sell. The firms a company partners with to actively promote and sell a product as it travels through its marketing channel to users are refers to by the firm as its channel members (or partners). Companies strive to choose not only the best marking channels but also the best channel partners it can depend on to continuously provide it with great products that fly off the shelves.  By contrast, a weak channel partner, like a bad spouse, can be a liability.

Companies partner with intermediaries not because they necessarily want but because the intermediaries can help them sell the products better than they could work alone. In other words, they have some sort of capabilities the producers need; contact with many customers or the right customers, marketing expertise, shipping and handling capabilities, and the ability to lend the producer credit are among the types of help a firm can get by utilizing a channel partner.

Intermediaries also create efficiencies by streaming the number of transactions an organization must make, each of which takes time and costs money o conduct. The marketing environment is always changing, so what was great channel or channel partner yesterday might not be a great channel partner today. Changes in technology, production techniques, and your customers need mean you have to continually reevaluate your marketing channels and the channel partners you ally yourself with. Moreover, when you create a new product, you can’t assume the channels that were used in the past are the best ones.

Direct Marketing
Direct marketing is one of the widely used channels. Successful direct marketing involves consistently supplying safe, high-quality products that support the development of a trust relationship between supplier and customers.

Direct marketing for any product can simplify transaction and provide more protectors to customers. And the price moves higher which is mostly driven by middle business All of the middle company have their owe profit goal and will bring up the price. Direct marketing is an On-Premise channel system and it should understand the needs of the customers and carry on the innovation and reform on the basis of integrating market resources. Direct sales may appear increasing trend.

Indirect Marketing
The indirect marketing strategy focuses on channels where there is no direct communication with customers by the companies. Therefore, it is mainly used to retain customer, increase customer’s loyalty, and develop more business.

Segmental Outlook

Based on types, the friction stir welding equipment market has categorized as desktop equipment, gantry equipment, others. The desktop equipment segment holds major market share, while gantry equipment segment is expected to grow at significant rate during the forecast period.

Global Friction Stir Welding Equipment Market Share By Type

In terms of applications, the friction stir welding equipment market has been segmented into aerospace, automotive, shipbuilding, railways, others. The automotive segment represents major market share in 2019 and is projected to expand at considerable CAGR during forecast period.

Regional Outlook

Based on regions, the global friction stir welding equipment market has been divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The Friction Stir Welding Equipment market in Asia Pacific is anticipated to expand at a significant CAGR during the forecast period. The market in India and Japan are also projected to expand at substantial pace during the forecast period. Increasing government & private sector investments in Asia Pacific's construction industry drives the aerial work platform market in the region. The Government of India spends heavily on upgrading its public transport infrastructure including airports, railway stations, and metro stations, thus promoting construction machinery adoption. The market in Latin America and Middle East & Africa is projected to expand at a sluggish CAGR due to the implementation of environmental standards and legislation and less consumption of friction stir welding equipment.

Global Friction Stir Welding Equipment Market By Region

Competitive Landscape

  • Key players in the market include Concurrent Technologies Corp., FOOKE GmbH, Gatwick Technologies Ltd., HFW Solutions LLC, Hitachi High-Technologies Corp. and Others. They considered as key manufacturers of the market based on their different varieties of product availability, regional presence, better supply chain management system, and the increasing demand for the products.
  • The players are adopting key strategies such as product development, geographical expansion, and many other strategies to increase their demand for the friction stir welding equipment.

 

Global Friction Stir Welding Equipment Market By Manufacturers

Key Benefits for Industry Participants & Stakeholders

  • In-depth Analysis of the Global Friction Stir Welding Equipment Market
  • Historical, Current and Projected Market Size in terms of Value
  • Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
  • Industry Drivers, Restraints and Opportunities Covered in the Study
  • Recent Industry Trends and Developments
  • Competitive Landscape & Strategies of Key Players
  • Neutral Perspective on Global Friction Stir Welding Equipment Market Performance
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Friction Stir Welding Equipment Market Overview

   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Friction Stir Welding Equipment Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Friction Stir Welding Equipment Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Friction Stir Welding Equipment Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Friction Stir Welding Equipment Market Size & Forecast, 2017-2027
      4.5.1 Friction Stir Welding Equipment Market Size and Y-o-Y Growth
      4.5.2 Friction Stir Welding Equipment Market Absolute $ Opportunity

Chapter 5 Global Friction Stir Welding Equipment Market Analysis and Forecast By Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Type
      5.1.2 Basis Point Share (BPS) Analysis By Type
      5.1.3 Absolute $ Opportunity Assessment By Type
   5.2 Friction Stir Welding Equipment Market Size & Volume Forecast By Type
      5.2.1 Desktop Equipment
      5.2.2 Gantry Equipment
      5.2.3 others
   5.3 Market Attractiveness Analysis By Type

Chapter 6 Global Friction Stir Welding Equipment Market Analysis and Forecast By Application
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Application
      6.1.2 Basis Point Share (BPS) Analysis By Application
      6.1.3 Absolute $ Opportunity Assessment By Application
   6.2 Friction Stir Welding Equipment Market Size & Volume Forecast By Application
      6.2.1 Aerospace
      6.2.2 Automotive
      6.2.3 Shipbuilding
      6.2.4 Railways
      6.2.5 Others
   6.3 Market Attractiveness Analysis By Application

Chapter 7 Global Friction Stir Welding Equipment Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Friction Stir Welding Equipment Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact
   8.1 Introduction
   8.2 Current & Future Impact Analysis
   8.3 Economic Impact Analysis
   8.4 Government Policies
   8.5 Investment Scenario

Chapter 9 North America Friction Stir Welding Equipment Analysis and Forecast
   9.1 Introduction
   9.2 North America Friction Stir Welding Equipment Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Friction Stir Welding Equipment Market Size & Volume Forecast By Type
      9.6.1 Desktop Equipment
      9.6.2 Gantry Equipment
      9.6.3 others
   9.7 Basis Point Share (BPS) Analysis By Type
   9.8 Absolute $ Opportunity Assessment By Type
   9.9 Market Attractiveness Analysis By Type

   9.10 North America Friction Stir Welding Equipment Market Size & Volume Forecast By Application
      9.10.1 Aerospace
      9.10.2 Automotive
      9.10.3 Shipbuilding
      9.10.4 Railways
      9.10.5 Others
   9.11 Basis Point Share (BPS) Analysis By Application
   9.12 Absolute $ Opportunity Assessment By Application
   9.13 Market Attractiveness Analysis By Application

Chapter 10 Europe Friction Stir Welding Equipment Analysis and Forecast
   10.1 Introduction
   10.2 Europe Friction Stir Welding Equipment Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Friction Stir Welding Equipment Market Size & Volume Forecast By Type
      10.6.1 Desktop Equipment
      10.6.2 Gantry Equipment
      10.6.3 others
   10.7 Basis Point Share (BPS) Analysis By Type
   10.8 Absolute $ Opportunity Assessment By Type
   10.9 Market Attractiveness Analysis By Type

   10.10 Europe Friction Stir Welding Equipment Market Size & Volume Forecast By Application
      10.10.1 Aerospace
      10.10.2 Automotive
      10.10.3 Shipbuilding
      10.10.4 Railways
      10.10.5 Others
   10.11 Basis Point Share (BPS) Analysis By Application
   10.12 Absolute $ Opportunity Assessment By Application
   10.13 Market Attractiveness Analysis By Application

Chapter 11 Asia Pacific Friction Stir Welding Equipment Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Friction Stir Welding Equipment Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Friction Stir Welding Equipment Market Size & Volume Forecast By Type
      11.6.1 Desktop Equipment
      11.6.2 Gantry Equipment
      11.6.3 others
   11.7 Basis Point Share (BPS) Analysis By Type
   11.8 Absolute $ Opportunity Assessment By Type
   11.9 Market Attractiveness Analysis By Type

   11.10 Asia Pacific Friction Stir Welding Equipment Market Size & Volume Forecast By Application
      11.10.1 Aerospace
      11.10.2 Automotive
      11.10.3 Shipbuilding
      11.10.4 Railways
      11.10.5 Others
   11.11 Basis Point Share (BPS) Analysis By Application
   11.12 Absolute $ Opportunity Assessment By Application
   11.13 Market Attractiveness Analysis By Application

Chapter 12 Latin America Friction Stir Welding Equipment Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Friction Stir Welding Equipment Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Friction Stir Welding Equipment Market Size & Volume Forecast By Type
      12.6.1 Desktop Equipment
      12.6.2 Gantry Equipment
      12.6.3 others
   12.7 Basis Point Share (BPS) Analysis By Type
   12.8 Absolute $ Opportunity Assessment By Type
   12.9 Market Attractiveness Analysis By Type

   12.10 Latin America Friction Stir Welding Equipment Market Size & Volume Forecast By Application
      12.10.1 Aerospace
      12.10.2 Automotive
      12.10.3 Shipbuilding
      12.10.4 Railways
      12.10.5 Others
   12.11 Basis Point Share (BPS) Analysis By Application
   12.12 Absolute $ Opportunity Assessment By Application
   12.13 Market Attractiveness Analysis By Application

Chapter 13 Middle East & Africa (MEA) Friction Stir Welding Equipment Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Friction Stir Welding Equipment Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Friction Stir Welding Equipment Market Size & Volume Forecast By Type
      13.6.1 Desktop Equipment
      13.6.2 Gantry Equipment
      13.6.3 others
   13.7 Basis Point Share (BPS) Analysis By Type
   13.8 Absolute $ Opportunity Assessment By Type
   13.9 Market Attractiveness Analysis By Type

   13.10 Middle East & Africa (MEA) Friction Stir Welding Equipment Market Size & Volume Forecast By Application
      13.10.1 Aerospace
      13.10.2 Automotive
      13.10.3 Shipbuilding
      13.10.4 Railways
      13.10.5 Others
   13.11 Basis Point Share (BPS) Analysis By Application
   13.12 Absolute $ Opportunity Assessment By Application
   13.13 Market Attractiveness Analysis By Application

Chapter 14 Competition Landscape
   14.1 Friction Stir Welding Equipment Market: Competitive Dashboard
   14.2 Global Friction Stir Welding Equipment Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      14.3.1 Concurrent Technologies Corp.

      14.3.2 FOOKE GmbH
      14.3.3 Gatwick Technologies Ltd.
      14.3.4 HFW Solutions LLC
      14.3.5 Hitachi High-Technologies Corp.
      14.3.6 Manufacturing Technology Inc.
      14.3.7 Midea Group (KUKA AG)
      14.3.8 Norsk Hydro ASA
      14.3.9 PaR Systems LLC
      14.3.10 Yamazaki Mazak Corp.
Key Segments Covered
By Product Type
  • Desktop Equipment
  • Gantry Equipment
  • Others
By Application
  • Aerospace
  • Automotive
  • Shipbuilding
  • Railways
  • Others
By Region
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • U.K.
    • France
    • Germany
    • Italy
    • Spain
    • Russia
    • Rest of the Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • GCC Countries
    • Egypt
    • Turkey
    • Rest of Middle East and Africa
Key Market Players Profiled in the Report
  • Concurrent Technologies Corp.
  • FOOKE GmbH
  • Gatwick Technologies Ltd.
  • HFW Solutions LLC
  • Hitachi High-Technologies Corp.
  • Manufacturing Technology Inc.
  • Midea Group (KUKA AG)
  • Norsk Hydro ASA
  • PaR Systems LLC
  • Yamazaki Mazak Corp.

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FAQ Section

Some frequently asked quetions about this report!

Additional company profiles can be provided on request.

Yes, the report covers types of friction stir welding equipment such as desktop equipment, gantry equipment, and others.

According to this Growth Market Reports report, the market from Friction Stir Welding Equipment is likely to register a CAGR of 7.0% during forecast period 2020-2027, with an anticipated valuation of USD 330.1 million by the end of the 2027.

In addition to market size (in USD Million) and Company Market Share (in % for base year 2019), other data such Macro-economic factors, COVID-19 Impact on the Friction Stir Welding Equipment is available in final report.

The market is driven by increasing demand of friction stir welding equipment in different applications.

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.

The market is expected to witness sluggish rate owing to the negative impact of COVID-19 pandemic on the friction stir welding equipment market.

The base year considered for the global Friction Stir Welding Equipment market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.

Aerospace, automotive, shipbuilding, railways, and others are the key applications that are driving the friction stir welding equipment market.

Major Manufactures include, Concurrent Technologies Corp., FOOKE GmbH, Gatwick Technologies Ltd., HFW Solutions LLC, Hitachi High-Technologies Corp. and Others.