Linear Friction Welding Machines Market Report Overview
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The global linear friction welding machines market size was USD 144 million in 2021 and is projected to touch USD 190.1 million by 2028, at a CAGR of 4.0% during the forecast period.
The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over. The global COVID-19 pandemic has been unprecedented and staggering, with linear friction welding machines experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. Linear friction welding machines are a high-speed fusion welding technique. It is extensively used in automotive industry. The equipment is extensively used in automotive industry for manufacturing processes. It is a solid-state joining process having a very narrow heat-affected zone. Further, it does not use filler metal.
Increasing automation across industry verticals is expected to surge market growth. Rapid technological advancements in welding technology are predicted to surge market growth. Growing demand for the machine among end-user such as automotive, aerospace, electronics, medical, and marine. Such extensive usage of the equipment is expected to surge market growth. The machine is easy to operate and requires less time, which is projected to drive market growth. However, the high cost associated with equipment is predicted to restrain market growth in the coming years.
COVID-19 Impact: Closure of Industrial Activities to Boost Product Demand
An outbreak of COVID-19 pandemic affected market growth. Lockdown restrictions and curfews declined product adoption among consumers. Shutdown of automotive industries restricted market growth. Lack of resource and unavailability of labors or workers hampered market growth. Closure of end-user industries such as automotive and electronic hampered product demand. Further, social distance protocols and work from culture impacted market progress.
On the contrary, post-COVID-19, the market is expected to witness high growth due to re-opening of automotive industries.
LATEST TRENDS
"Advantages Associated with the Equipment to Stimulate Market Progress"
The equipment has multiple benefits, which is anticipated to surge market growth. It can produce high-quality welds in a short period of time. The equipment does not require filler metal and flux. The process is capable of welding the most common metals. It is easy to use, and only shielded gases are required. Such advantages of the equipment are projected to drive market growth. In the process, oxides are removed, and it has great joining quality. Such product benefits are anticipated to surge linear friction welding machines market growth. Growing industrialization and urbanization are estimated to surge market development. Further, increasing the disposable income of the population is anticipated to propel market expansion in the coming years.
Linear Friction Welding Machines Market Segmentation
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- By Type
Based on type, the market is divided into small-size welding machine, medium-size welding machine, and large-size welding machine.
Small-size welding machine is expected to be the leading part of the segmentation type.
- By Application
Based on the application, the market is divided into automotive, medical industry, electronics, and others.
Automotive is expected to be the leading part of application segmentation.
DRIVING FACTORS
"Growth in Automotive Industry to Foster Market Growth"
Increasing demand for the mechanism in the automotive industry is estimated to surge market growth. The equipment is extensively used in automotive sector by using metals and thermoplastics. It is also used in the sector for its no melting feature. The product has a super joint quality which is extensively sued in the sector. The equipment is quick and efficient. Such advantages are estimated to surge market growth. It can join a variety of complex profiles, which is projected to drive market growth. Further, it is ideal for mass production that is anticipated to expand market growth in the forthcoming years. The equipment used for material handling is anticipated to fuel linear friction welding machines market progress.
"Increasing demand to Reduce Raw Material Waste to Incite Market Expansion"
The equipment is stronger than conventional welds, which require less raw material. Such a need to reduce raw material waste is expected to accelerate market growth. Rapid innovation in developing new products is projected to drive market growth. Growing industrialization and urbanization are predicted to accelerate market progress. The product is eco-friendly and energy efficient, which is anticipated to surge market growth. The equipment is capable of joining different metals, which is projected to foster market growth. It takes a shorter time and is easy to use. Such advantages of the equipment are anticipated to accelerate market growth in the coming years. Increasing demand for high-quality joining in industrial use is anticipated to fuel linear friction welding machines market progress.
RESTRAINING FACTORS
"High Cost Associated with the Machinery to Hinder Market Expansion "
High cost associated with the equipment is estimated to surge market growth. Trained professional is anticipated to hamper market growth during the forecast period. The process is limited to joining tubes or round bars of the same diameter, which is anticipated to hinder the development of linear friction welding machines.
Linear Friction Welding Machines Market Regional Insights
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"Growing Demand from Medical Sector in North America to Drive Market Share "
North America is anticipated to dominate linear friction welding machines market share due to increasing demand from the medical sector. Rapid technological advancements in welding technology are predicted to surge market growth. The machine is easy to operate and requires less time, which is projected to drive market growth. Increasing demand for the mechanism in the automotive industry is estimated to surge market growth. Presence of major market players in the region is anticipated to accelerate market growth. Increasing research and development (R&D) activities to introduce a new product is predicted to propel market growth.
Europe is anticipated to witness considerable market progress due to increasing demand from the end-user industries. Growing awareness among the population about the benefits of the products. Growing demand for the product in electronic industry is projected to drive market growth during the forecast period. Rapid technological advancements in welding technology are predicted to surge market growth.
KEY INDUSTRY PLAYERS
"Leading Players Adopt New Strategies to Stay Competitive"
The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.
List of Market Players Profiled
- Branson (Emerson) (U.S.)
- Bielomatik (Germany)
- Crest Group (India)
- Thompson (KUKA) (U.K.)
- MTI (U.K.)
- Dukane (India)
- Daeyoung Ultrasonic (China)
- Seidensha Electronics (China)
- CEMAS ELETTRA (Italy)
- Sonics Materials (U.S.)
- Keber (China)
- ShangRong (China)
REPORT COVERAGE
This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
| REPORT COVERAGE | DETAILS |
|---|---|
Market Size Value In |
US$ 144 Million in 2021 |
Market Size Value By |
US$ 190.1 Million by 2028 |
Growth Rate |
CAGR of 4% from 2021 to 2028 |
Forecast Period |
2022-2028 |
Base Year |
2022 |
Historical Data Available |
Yes |
Segments Covered |
Types & Application |
Regional Scope |
Global |
Frequently Asked Questions
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What value is the linear friction welding machines market expected to touch by 2028?
The global linear friction welding machines market is expected to reach USD 190.1 million by 2028.
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What CAGR is the linear friction welding machines market expected to exhibit by 2028?
The linear friction welding machines market is expected to exhibit a CAGR of 4.0% by 2028.
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Which are the driving factors of the linear friction welding machines market?
Drivers of this linear friction welding machines market are growth in automotive industry and increasing demand to reduce raw material waste
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Which are the top companies operating in the linear friction welding machines market?
Branson (Emerson), Bielomatik, Crest Group, Thompson (KUKA), MTI, Dukane, Daeyoung Ultrasonic, Seidensha Electronics, CEMAS ELETTRA, Sonics Materials, Keber, and ShangRong.
