Global Friction Welding Market Growth 2023-2029

Global Friction Welding Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “Friction Welding Industry Forecast” looks at past sales and reviews total world Friction Welding sales in 2022, providing a comprehensive analysis by region and market sector of projected Friction Welding sales for 2023 through 2029. With Friction Welding sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Friction Welding industry.
This Insight Report provides a comprehensive analysis of the global Friction Welding landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Friction Welding portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Friction Welding market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Friction Welding and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Friction Welding.
The global Friction Welding market size is projected to grow from US$ 741.2 million in 2022 to US$ 1027.2 million in 2029; it is expected to grow at a CAGR of 1027.2 from 2023 to 2029.
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.
This report presents a comprehensive overview, market shares, and growth opportunities of Friction Welding market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Linear Friction Welding
Rotary Friction Welding
Stir Friction Welding
Segmentation by application
Aerospace
Automotive
Shipbuilding
Railways
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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
Key Questions Addressed in this Report
What is the 10-year outlook for the global Friction Welding market?
What factors are driving Friction Welding market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Friction Welding market opportunities vary by end market size?
How does Friction Welding break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.