New York, NY -- (SBWIRE) -- 09/21/2018 -- Friction stir welding (FSW) is a solid-state joining process that uses a non-consumable tool to join two facing workpieces without melting the workpiece material. Heat is generated by friction between the rotating tool and the workpiece material, which leads to a softened region near the FSW tool. While the tool is traversed along the joint line, it mechanically intermixes the two pieces of metal, and forges the hot and softened metal by the mechanical pressure, which is applied by the tool, much like joining clay, or dough. It is primarily used on wrought or extruded aluminium and particularly for structures which need very high weld strength.

The worldwide market for Friction Stir Welding Equipment is expected to grow at a CAGR of roughly 6.5% over the next five years, will reach 240 million US$ in 2023, from 160 million US$ in 2017, according to a new GIR (Global Info Research) study.

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The major players covered in this report

- ESAB
- Beijing FSW
- PaR Systems
- Hitachi
- General Tool Company
- PTG
- Nitto Seiki
- BTI
- Sooncable
- Gatwick
- ETA Technology

Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering

North America, Europe, China, Japan, Southeast Asia, India, Other Regions (India, Southeast Asia, Central & South America and Middle East & Africa)

Primary Insights:

- Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

- However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

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On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into

- Desktop Equipment
- Gantry Equipment
- Others

By Application, the market can be split into

- Aerospace
- Automotive
- Shipbuilding
- Railways
- Others

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Fourth, we tend to believe this industry now is close to mature, and the consumption increasing degree will show a smooth curve. On product prices, the slow downward trend in recent years will maintain in the future, as competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin. What's more, the share of Chinese country will increase.

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