The global friction stir welding equipment market is forecast to grow at a CAGR of 8.6% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: The key trend toward the rising adoption of automation in welding process has been in the picture for several years. However, recently all welding equipment end-user companies are inclined toward the development of this new technology as they seek competitive advantages.
Increased implementation of lean initiatives supports the growing popularity as these companies seek avenues to reduce bottlenecks in their operation, enhance overall workflow, and offer reliable and efficient welding operations.
According to the report, growing popularity of friction stir welding technology in automotive sector will be a key driver for market growth. Friction stir welding technology is a unique and innovative technique of joining two metals by using frictional heat coupled with a precisely controlled forging pressure.
The final product possesses high integrity and is defect-free. Mechanical distortions are eliminated as the entire operation takes place under a low operating temperature.
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- Beijing FSW Technology
- Manufacturing Technology
- ETA Technology
- General Tool Company
- KUKA Systems
- PaR Systems
- RV Machine Tools
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market drivers
PART 07: Impact of drivers
PART 08: Market challenges
PART 09: Impact of drivers and challenges
PART 10: Market trends
PART 11: Market segmentation by end-user
PART 12: Geographical segmentation
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
PART 16: About the Author
For more information about this report visit http://www.researchandmarkets.com/research/sdcxjl/global_friction
Research and Markets
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SOURCE Research and Markets