NEW YORK, Sept. 14, 2021 /PRNewswire/ --
The friction welding machine market is poised to grow by USD 250.51 million during 2021-2025, progressing at a CAGR of almost 2% during the forecast period, according to Technavio's latest research report. The report offers an up-to-date analysis of the growth variance and the Y-O-Y growth rate.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Colfax Corp., ETA Technology Pvt. Ltd., FOOKE Gmbh, Gatwick Technologies Ltd., General Tool Co., Manufacturing Technology Inc., MIDEA GROUP, Norsk Hydro ASA, RV Machine Tools, and Sakae Industries Co. Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The wide array of future applications for friction welding machines will be instrumental in driving the growth of the market. However, the growing popularity of laser welding technology will hamper market growth.
Friction Welding Machine Market 2021-2025: Segmentation
Friction Welding Machine Market is segmented as below:
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Friction Welding Machine Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our friction welding machine market report covers the following areas:
This study identifies the growing adoption of friction welding process for thermoplastics as one of the prime reasons driving the friction welding machine market growth during the next few years.
Friction Welding Machine Market 2021-2025: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the Friction Welding Machine Market. Backed with competitive intelligence and benchmarking, our research reports on the Friction Welding Machine Market are designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
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Friction Welding Machine Market 2021-2025: Key Highlights
Table Of Contents :
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Report: www.technavio.com/report/friction-welding-machine-market-industry-analysis
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