According to a new market report published by Lucintel, the future of the composite preforms market looks promising with opportunities in aerospace, automotive, consumer goods, infrastructure, medical, and marine industries. The global composite preforms market is expected to grow at a CAGR of 7.2% from 2019 to 2024. The major drivers for this market are increasing usage of composite materials in the aerospace and automotive industries, and growing demand of composite preforms to manufacture complex structure and shorten part cycle time.
Browse 58 market data tables and 114 figures spread through 149 pages and in-depth TOC on “Global Composite Preforms Market”
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In this market, different types of composite preforms such as carbon fiber, glass fiber, and others are used as fiber type. On the basis of its comprehensive research, carbon fiber based preform will remain the largest segment and it is also expected to witness the highest growth over the forecast period due to its lightweight and high strength capabilities.
Within this market, composite preforms for aerospace and defense will remain the largest end use industry due to increasing usage of preforms in turbofan engines and fuselage frames of commercial aircrafts and stator vane of jet engines. Automotive is expected to witness the highest growth over the forecast due to increasing penetration of composites in structural part of vehicle and growing demand of composite preform to shorten part cycle time..
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North America will remain the largest regions due to presence of aero-engine manufacturers, aerospace composite part fabricators, and OEMs. Europe is expected to witness the highest growth over the forecast period due to increasing production of A350WXB and A320.
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Emerging trend, which has a direct impact on the dynamics of the composite preforms industry, includes manufacturing of 3D carbon fiber preforms by using digital technology and control system engineering. Albany International Corp, A & P Technology, TEAM Textile. SGL Kumpers, Bally Ribbon Mills, SAERTEX, 3Tex, and Eurocarbon are among the major composite preforms manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global composite preforms market by end use industry, technology, fiber type, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Composite Preforms Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global composite preforms market by end use industry, technology, fiber type, and region as follows:
By End Use Industry ($ million shipment analysis from 2013 to 2024):
- Consumer Goods
By Technology ($ million shipment analysis from 2013 to 2024):
By Fiber Type ($ million shipment analysis from 2013 to 2024):
- Carbon Fiber
- Glass Fiber
By Region ($ million shipment analysis from 2013 to 2024):
- North America
- Asia Pacific
- The Rest of the World
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This 149-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/composite-preforms-market.aspx or [email protected].
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the global composite preforms market by end use industry (aerospace, automotive, consumer goods, infrastructure, medical and marine), by technology (weaving, braiding, stitching , and knitting), by fiber type (carbon fiber, glass fiber, and others) and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred in the last 5 years?
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