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Rotary Friction Welding Machines Market Report Overview
The global rotary friction welding machines market size was 210.5 million in 2022 and is expected to reach USD 281.97 million by 2031, exhibiting a CAGR of 3.3% during the forecast period.
The most common application of rotary friction welding involves to link rotationally symmetric structural elements. One of the earliest types of friction welding that the human race is aware of is rotary friction welding (RFW). This technique, with its diverse technological advancements and features, is regarded as an essential component of numerous applications, spanning manufacturing welds from small solid pieces to big diameter tubing.
It is one of the more well-liked types of welding and is divided into inertial driver friction welding and continuous drive friction welding. The term "continuous drive friction welding" (CDFW) refers to a procedure where one of the parts that need to be welded is held fixed while the other rotates at a constant speed. After that, an axial force is used to push these two components into contact with one another. The spinning component is linked to a flywheel that rotates at an established rotational speed in the internal drive friction welding process.
The majority of the time, this technique is limited to cylinder or circular pieces. It is still utilized in a variety of products, including turbine shafts, automobile components, copper-aluminum electrical connections, naval fittings made of monel to steel, drilling pipelines, cutting tools, and medical equipment. This procedure allows for quality control in-process monitoring and is quick, affordable, automotive, consumable-free, and fast.
COVID-19 Impact: Reduced Demand from Several Industries to Deplete Market Advancement
The COVID-19 pandemic has been unprecedented and staggering, rotary friction welding machines experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
The coronavirus pandemic's effects on the rotary friction welding machines market growth have primarily disrupted economic activities and resulted in fatalities. With a few notable outliers where rapid expansion was witnessed, almost all industries have been negatively impacted since domestic consumption and exports have dramatically decreased. Due to the decrease in demand from the aviation and shipbuilding industries the market highly suffered.
LATEST TRENDS
"Direct Drive Welding to Stimulate Market Development "
The most recent innovation in rotating friction welding equipment is direct drive welding. It leverages the motion energy of spinning parts instead of an external power source to generate both electricity and heat for friction. When contrasted with inertia welding, which necessitates a high-speed motor and raises maintenance expenses, this dramatically lowers cost and labor requirements.
It is clear that the present slump differs fundamentally from recessions given the scope of the pandemic's disruption. The rotary friction welding machines business environment will change as a result of the abrupt decline in demand and rising unemployment. However, the market is applying new paths in this unsettling climate by adopting new ideas including shift towards localization, and cash preservation, supply chain resilience, and innovation which is anticipated to boost the demand for the market.
Rotary Friction Welding Machines Market Segmentation
- By Type
Based on type; the market is divided into inertia rotary friction welding, continuous drive rotary friction welding
Inertia rotary friction welding is the leading part of the type segment.
- By Application
Based on the application; the market is divided into automotive manufacturing, cutting tool manufacturing, aviation and shipbuilding, machine device components, others
Automotive manufacturing is the leading part of the application segment.
DRIVING FACTORS
"Shipbuilding Industries to Aid Market Expansion "
The main driver of the market's expansion is the growing demand for an entirely machine-controlled solid-state welding method that can combine disparate materials while preserving the characteristics of the parent components. The adoption of this welding technique will keep growing in the quickly developing electric vehicle sector. It can result in thinner components, airtight sealing, and greater effectiveness.
Industrial printers, handling of materials equipment, automotive, electrical wiring, maritime, and oil applications all highly value this environmentally safe, automatable method that generates effective welds quickly and mixes many metals. Due to its simplicity of joining different materials, such as lightweight aluminum and an extremely strong component, this welding method is highly sought after in the shipbuilding industry.
"Heavy Utilization in Aerospace Industry to Foster Industry Progress "
In the aerospace industry, steel, titanium, and aluminum are all welded together using rotating friction welding machines. One of the main advantages is that, unlike traditional friction stir welding machines, it doesn't need a grounding clamp to be welded or soldered together. Due to the reduction in pre-heating process time compared to conventional methods, the manufacturing rate can also rise by up to three times. Therefore, due to the above-mentioned factors the rotary friction welding machines market growth will proliferate during the forecasted timeframe.
RESTRAINING FACTORS
"High Cost and Technical Nature to Hinder Market Advancement "
Rotary friction welding machines has several benefits over other kinds of welding procedures, but it also has some disadvantages one should take into account when determining whether or not it's appropriate for the project. Due to its intricacy and concentrated nature, this sort of welding has a number of significant drawbacks, including the necessity for highly qualified experts with in-depth knowledge of how to operate the necessary equipment. Additionally, given its high cost and technical nature, it might not be practical for smaller projects when time and cost are the main priorities.
Rotary Friction Welding Machines Market Regional Insights
"Expanding Automotive Industry in Asia Pacific to Support Market Advancement "
The highest portion of the worldwide rotary friction welding machines market is anticipated to come from the Asia Pacific market. This can be due to a number of things, including increased automotive production, growing research and development expenditures from major competitors, and rising demand for rotating friction welding equipment across a range of applications.
The rotary friction welding machines market share has a lot of room to develop in the Asia Pacific area. The demand for rotary friction welding machines in this region is anticipated to rise as a result of factors such as the expanding automotive industry, the rapid urbanization and industrialization of developing nations consisting of China, India, and Japan, and increasing requests from other end-use industries.
KEY INDUSTRY PLAYERS
"Key Players Focus on Partnerships to Gain a Competitive Advantage"
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.
The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.
LIST OF TOP ROTARY FRICTION WELDING MACHINES COMPANIES
- Thompson (KUKA UK)
- MTI (USA)
- NITTO SEIKI (Japan)
- Izumi Machine (Japan)
- H&B OMEGA Europa GmbH (Germany)
- ETA (India)
- U-Jin Tech (Korea)
- Sakae Industries (Japan)
- Gatwick (UK)
- YUAN YU Industrial (Taiwan)
- An Gen Machine (Taiwan)
- Jiangsu RCM (China)
REPORT COVERAGE
This research offers a thorough analysis of the global market, covering all relevant areas. This includes everything from a broad market overview to micro-level information about size of the market, degree of competition, evolution trend, opportunities in the market, important market drivers, and SWOT opportunities and threats. The reader can use the study to influence industry competitiveness and competitive environment strategies to increase potential profit. Additionally, it offers a straightforward framework for assessing and gaining access to the situation of the corporate organization.
In a nutshell, this study should be read by all market participants, traders, academics, analysts, business planners, and anyone else with an interest in the market. The market competitive landscape is another area that the report structure focuses on. This report presents in depth information the share of the market, macroeconomic indicators, product scenario, operation circumstances of the major players, which aids readers in the industry in recognizing the key rivals and better understanding the market's competitive landscape.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 210.5 Million in 2022 |
Market Size Value By |
US$ 281.97 Million by 2031 |
Growth Rate |
CAGR of 3.3% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the rotary friction welding machines market expected to touch by 2031?
The global rotary friction welding machines market size is expected to reach USD 281.97 million by 2031.
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What CAGR is the rotary friction welding machines market expected to exhibit by 2031?
The rotary friction welding machines market is expected to exhibit a CAGR of 3.3% by 2031.
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Which are the driving factors of the rotary friction welding machines market?
The driving factors of the rotary friction welding machines market are shipbuilding industries and heavy utilization in aerospace industry.
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Which are the key players or most dominating companies functioning in the rotary friction welding machines market?
Thompson, MTI, NITTO SEIKI, Izumi Machine, H&B OMEGA Europa GmbH are the key players or most dominating companies functioning in the rotary friction welding machines market.