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    Composite Repairs Market Size, Share & Forecast (2020-2025) | Covid-19 Impact Analysis

    Composite Repairs Market Size, Share & Forecast (2020-2025) | Covid-19 Impact Analysis

    Composite Repairs Market Size, Share & Forecast (2020-2025) | Covid-19 Impact Analysis
    Report code - SRAM138 Delivery - 2 Weeks
    Composite Repairs Market Size, Share, Trend, Forecast, & Competitive Analysis: 2020-20 See more...
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    Impact of COVID-19 on Composite Repairs Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Composite Repairs Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Composite Repairs Market Insights

    The global composite repairs market is projected to witness an impressive CAGR of >7% over the next five years, driven by increasing production of composites rich commercial and regional aircraft, such as B787 and A350XWB; increasing maintenance, repair, & overhaul (MRO) services; increasing focus on the infrastructure projects, especially in developing countries; an advancement in materials and repair automation; development of new composite applications in different industries; and rising stringent quality, environmental and safety norms.

    Composite Repairs Market Forecast

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    Composite Repairs Market Share Analysis

    Composite Repairs Market Share by Part Type

    Global composite repairs market is segmented based on part type as structural, semi-structural, and non-structural components. Composite repairs for structural components is estimated to remain the largest part type during the forecast period. This segment is also projected to witness the highest growth in the same period, driven by increasing use of advanced composites in structural applications in the aerospace & defense and automotive industries.

    Composite Repairs Market Share by Manufacturing Process Type

    Global composite repairs market is further segmented based on manufacturing process type as hand lay-up, vacuum infusion, prepreg lay-up, and others. Prepreg lay-up process is widely preferred for composite part repairs in most of the industries, such as aerospace & defense, automotive, and building & construction. The process type is projected to remain the fastest growing process during the forecast period. Increasing penetration of composites in different industries is driving the demand for improved manufacturing process for both part fabrication and repairs.

    Composite Repairs Market Share by End-User Type Type

    Global composite repairs market is segmented based on end-use industry as aerospace & defense, wind energy, transportation, building & construction, and others. Aerospace & defense is estimated to be the fastest growing end-use segment in the composite repairs market during the forecast period. Increasing penetration of composites in next generation aircraft, such as B787 and A350XWB, is creating a substantial demand for composite repairs. Various standards have been set regarding composite repairs by Commercial Aircraft Composite Repair Committee (CACRC), USA, to ensure quality and safety by the airlines. Wind energy, transportation, marine, and building & construction are also expected to register a healthy growth in the composite repairs market over the next five years.

    Regional Insights

    North America is projected to remain the largest market for composite repairs during the forecast period of 2020 to 2025. The region is the largest composites market worldwide with the presence of several large to small composites part fabricators for almost all major end-use industries, such as aerospace & defense, automotive, and marine. Asia-Pacific is the fastest growing composite repairs market, propelled by increasing wind energy installations, upcoming indigenous commercial and regional aircraft, such as COMAC C919, ARJ21, and Mitsubishi MRJ, high automobile production, and growing building & construction market. China and India are likely to remain the growth engines of the composites market in the Asia-Pacific region and so is the composite repairs market. 

    Key Players

    Lufthansa Technik AG; Air France Industries KLM Engineering & Maintenance; Guangzhou Aircraft Maintenance Engineering Co.; GA Telesis Composite Repair Group, LLC; Furmanite; EDF Renewable Energy; and Broadwind Energy are some of the major composite repair players in the market. New product development and collaboration with customers are some of the key strategies adopted by companies to gain a competitive edge in the market.

     

    Research Methodology

    For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

     

    Market Scope & Segmentation

    Research Scope

    Trend & Forecast Period

    2014-2025

    Regions Covered

    North America, Europe, Asia-Pacific, Rest of the World

    Forecast

    >7% CAGR during 2020-2025

    Countries/Subregions Covered

    The USA, Canada, Mexico, Germany, France, Russia, The UK, China, Japan, India, Latin America, the Middle East and Others

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

     

    The market is segmented in the following ways:

    Composite Repairs Market Size, Share & Forecast by Product Type:

    • Structural Repair (Regional Analysis: NA, Europe, APAC, and RoW)
    • Semi-Structural Repair (Regional Analysis: NA, Europe, APAC, and RoW)
    • Non-Structural Repair (Regional Analysis: NA, Europe, APAC, and RoW)

    Composite Repairs Market Size, Share & Forecast by Manufacturing Process Type:

    • Hand Lay-up (Regional Analysis: NA, Europe, APAC, and RoW)
    • Vacuum Infusion (Regional Analysis: NA, Europe, APAC, and RoW)
    • Prepreg Lay-up (Regional Analysis: NA, Europe, APAC, and RoW)
    • Others (Regional Analysis: NA, Europe, APAC, and RoW)

    Composite Repairs Market Size, Share & Forecast by End-Use Industry Type:

    • Aerospace & Defense (Regional Analysis: NA, Europe, APAC, and RoW)
    • Transportation (Regional Analysis: NA, Europe, APAC, and RoW)
    • Building & Construction (Regional Analysis: NA, Europe, APAC, and RoW)
    • Wind Energy (Regional Analysis: NA, Europe, APAC, and RoW)
    • Others (Regional Analysis: NA, Europe, APAC, and RoW)

    Composite Repairs Market Size, Share & Forecast by Region:

    • North America (Country Analysis: USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, UK, Russia, and Rest of the Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the world (Country Analysis: Brazil, Argentina, and Others)

     

    Report Features

    This report, from Stratview Research, studies the global composite repairs market over the period 2020 to 2025. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities in the market.

    The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3)
    • SWOT analysis of key players (up to 3)

    Market Segmentation

    • Current market segmentation of any one of the end-use industry type by part type 

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Composite Repairs Market in the foreseeable years?

    Driven by the factors like increasing production of composites rich commercial and regional aircraft, the composite repairs market is expected to witness an impressive growth of >7% CAGR during the forecast period of 2020 to 2025.

    Who are the key players in the Composite Repairs Market?

    Lufthansa Technik AG; Air France Industries KLM Engineering & Maintenance; Guangzhou Aircraft Maintenance Engineering Co.; GA Telesis Composite Repair Group, LLC; Furmanite; EDF Renewable Energy; and Broadwind Energy are among the key players in the composite repairs market.

    Which country/region is expected to be the largest Composite Repairs Market?

    North America is expected to remain the largest market for composite repairs during the forecast period of 2020 to 2025.

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