Jul 26, 2018   SOURCE: BusinessWire

Global Friction Stir Welding Equipment Market Analysis & Forecasts 2018-2022, With an Expected CAGR of 9.7% - ResearchAndMarkets.com

The "Global Friction Stir Welding Equipment Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

The analysts forecast the Global Friction Stir Welding Equipment to grow at a CAGR of 9.7% during the period 2018-2022.

Friction Stir Welding Equipment is a process of joining two metals or metal alloys through a solid-state joining process. This process uses non-consumable tools to join two facing workpieces without melting the workpiece material. This technology is primarily used on wrought or extruded aluminum, particularly for structures that need very high weld strength.

The latest trend gaining momentum in the market is the use of new materials by industries. Evolving end-user industries constantly prompt welding equipment manufacturers to adopt new technologies to help them stay competitive. 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.

One of the major drivers for this market is the growing demand from automotive industry. With the increasing competition and the need to reduce the weight of cars, the automotive industry is trending toward increased use of aluminum. The FSW process offers many potential benefits for welding of aluminum as it is a robust process that can handle the variations inherent in high-volume production better than other joining processes.

The report states that one of the major factors hindering the growth of this market is the shrinkage of skilled and qualified labor. The FSW equipment market is witnessing a skill gap due to factors such as less number of people opting for this profession and aging of the existing workforce.

Companies Mentioned

  • Colfax
  • Hitachi High-Technologies
  • KUKA
  • Norsk Hydro
  • Schlumberger

Key Topics Covered:

01. Executive Summary

02. Scope Of The Report

03. Research Methodology

04. Market Landscape

05. Market Sizing

06. Five Forces Analysis

07. Market Segmentation By End-User

08. Market Segmentation By Product

09. Customer Landscape

10. Regional Landscape

11. Decision Framework

12. Drivers And Challenges

13. Market Trends

14. Vendor Landscape

15. Vendor Analysis

16. Appendix

For more information about this report visit https://www.researchandmarkets.com/research/4jctlh/global_friction?w=4