Rotary Friction Welding Machines Market Insights Video
According to Cognitive Market Research, the global Rotary Friction Welding Machine market size was USD 2514.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 10.60% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 1005.84 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 754.38 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.1% from 2024 to 2031.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 578.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.6% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 125.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 50.29 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.3% from 2024 to 2031.
The Inertia Rotary Friction Welding held the highest Rotary Friction Welding Machine market revenue share in 2024.
