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) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
Friction Stir Welding Equipment Market Market Outlook:
The global friction stir welding equipment market was valued at USD 228.35 Million in 2022 and is likely reach to USD 419.81 Million by 2031, expanding at a CAGR of 7.0% during the forecast period.
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.
Friction Stir Welding Equipment Market 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.
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.
Friction Stir Welding Equipment Market 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.
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 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.