The global Friction Welding market was valued at US$ 690.1 million in 2019 and it is expected to reach US$ 948.7 million by the end of 2026, growing at a CAGR of 4.6% during 2021-2026.
Friction welding (FRW) is a solid-state welding process that generates heat through mechanical friction between workpieces in relative motion to one another. Because no melting occurs, friction welding is not a fusion welding process in the traditional sense, but more of a forge welding technique.
Major companies in the industry include KUKA, Izumi Machine, Branson (Emerson), ESAB, etc. The top three companies in 2018 have a combined revenue market share of more than 29%. Regionally, Europe and North America were the most dominant, accounting for 41.93 percent and 33.54 percent, respectively.
Global Friction Welding Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Friction Welding Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Kuka, Izumi Machine, Branson (Emerson), Esab, MTI, Grenzebach Maschinenbau GmbH, Nova-Tech Engineering, Bielomatik, Beijing FSW, Fooke GmbH, PaR Systems, Crest Group, Symacon, General Tool Company, Dukane, ETA, Sooncable, Sakae Industries, Nitto Seiki, Gatwick, Keber, U-Jin Tech and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
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Segment by Type
- Linear Friction Welding
- Rotary Friction Welding
- Stir Friction Welding
In 2018, the revenue market share of linear friction welding was the highest, accounting for 38.52%, followed by rotary friction welding and stir friction welding, accounting for 31.50% and 29.98%, respectively.
Segment by Application
According to the application, automotive’s revenue share in 2018 is the highest, at more than 50%.
Table of Content:
1 Friction Welding Market Overview
2 Friction Welding Market Competition by Manufacturers
3 Friction Welding Retrospective Market Scenario by Region
4 Global Friction Welding Historic Market Analysis by Type
5 Global Friction Welding Historic Market Analysis by Application
6 Key Companies Profiled
7 Friction Welding Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Friction Welding Market Dynamics
10 Global Friction Welding Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
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Contact Person: Shirish Gupta