Composite Repairs Market Analysis | 2020-2025

Composite Repairs Market Analysis | 2020-2025

Composite Repairs Market Analysis | 2020-2025
Report code - SRAM138 Delivery - 2 Weeks
Composite Repairs Market Growth, Size, Share, Trend, Forecast, & Competitive Analysis: See more...

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 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.

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Segment Analysis

Part Trends

"Composite repairs for structural components segment accounted for the largest market share."

The composite repairs market is segmented based on part type as structural, semi-structural, and non-structural components. Composite repairs for structural components are 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 the increasing use of advanced composites in structural applications in the aerospace & defense and automotive industries.

Manufacturing Process Trends

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

End-User Trends

The composite repairs market is segmented based on end-use industries such 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 the 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 healthy growth in the composite repairs market over the next five years.

Regional Insights

"North America accounted for the largest market share."

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.

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Key Players

Some of the major composite repair players in the composite repairs market are:

New product development and collaboration with customers are some of the key strategies adopted by companies to gain a competitive edge in the market.

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

What deliverables will you get in this report?

Key questions this report answers

Relevant contents in the report

How big is the sales opportunity?

In-depth analysis of the Composite Repairs Market

How lucrative is the future?

Market forecast and trend data and emerging trends

Which regions offer the best sales opportunities?

Global, regional and country level historical data and forecasts

Which are the most attractive market segments?

Market segment analysis and forecast

Which are the top players and their market positioning?

Competitive landscape analysis, Market share analysis

How complex is the business environment?

Porter’s five forces analysis, PEST analysis, Life cycle analysis

What are the factors affecting the market?

Drivers & challenges

Will I get the information on my specific requirement?

10% free customization

 

The market is segmented in the following ways:

By Product Type:

  • Structural Repair
  • Semi-Structural Repair
  • Non-Structural Repair

By Manufacturing Process Type:

  • Hand Lay-up
  • Vacuum Infusion
  • Prepreg Lay-up
  • Others

By End-Use Industry Type:

  • Aerospace & Defense
  • Transportation
  • Building & Construction
  • Wind Energy
  • Others

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)

 

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

Research Methodology

This report offers high-quality insights and is the outcome of a 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. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

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 three players)
  • SWOT analysis of key players (up to three players)

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 to sales@stratviewresearch.com.

Frequently Asked Questions (FAQs)

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.

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.

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

The increasing production of composites-rich commercial and regional aircraft, such as B787 and A350XWB; increasing maintenance, repair, & overhaul (MRO) services; increasing focus on 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.

Distributors, suppliers, manufacturers, logistics organizations, and government bodies.