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The global friction stir welding equipment market was valued at US$ 183.7 Billion in 2020.
The growing awareness towards numerous benefits associated with friction stir welding equipment pertaining to the limited impact on health and the environment, improved process robustness, high tensile strength, enhanced fatigue resistance, etc., is currently driving the global friction stir welding equipment market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary shutdown of numerous manufacturing units and supply chain disruptions for friction stir welding equipment.
Based on the equipment type, the global friction stir welding equipment market has been segmented into mobile friction stir welding equipment, fixed friction stir welding equipment, and others. Currently, fixed friction stir welding equipment holds the majority of the total market share.
Based on the end use industry, the global friction stir welding equipment market can be segregated into automotive industry, aerospace industry, railway industry, shipbuilding industry, and others. Among these, the automotive industry currently represents the largest segment.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.
Some of the major players in the global friction stir welding equipment market include Beijing FSW Technology Co. Ltd., Colfax Corporation, Fooke GmbH, Gatwick Technologies Ltd., General Tool Company, Grenzebach Maschinenbau GmbH, Hitachi High-Tech Corporation, KUKA Systems GmbH (Midea Group Co. Ltd.), Manufacturing Technology Inc., Par Systems LLC (Pohlad Companies), etc.
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