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    Core Material Kitting Market Report

    Core Material Kitting Market Report
    Report code - SRAM190 Published On : Jul,2023 No. of Pages: 110
    Core Material Kitting Market Size, Share, Trend, Forecast, Competitive Analysis, and Growt See more...

    Market Insights

    Core material kitting is the process of cutting the core material into desired shapes of components, flattening surfaces, digitizing data, developing the kit, managing the material supply, and organizing the kit with the aim of saving time and money, resulting in more productivity and profitability. Core material kitting offers faster and easier dry layup in molds, ease in assembly, an exact fit, and minimum waste. It eliminates on-site shaping and cutting, reduces build times, and saves labor and material costs with consistently high quality in less time. The kitting of core materials can be performed by part fabricators in-house and outsourced to independent kitting solution providers or core material suppliers that also offer kitting services. Several factors bolstering the demand for core material kitting are the organic growth of major composite-driven markets coupled with increased penetration of composite materials, increasing demand for lightweight core materials, and the excellent benefits of core material kitting.  Overall, the core material kitting market is likely to grow at a promising CAGR of 6.2%, in the long run, to reach US$ 600 Million in 2028

    Segments' Analysis

    Segmentations

    List of Sub-Segments

    Dominant and Fastest-Growing Segments

    End-Use Industry Type

    Wind Energy, Aerospace & Defense, Marine, Transportation, Construction, and Others.

    Wind energy is expected to remain the largest market for core material kitting during the forecast period due to rising demand for an alternative source of energy.

    Core Material Type

    Foam Core and Balsa

    Foam core is to remain dominant in the market by 2028, owing to its wide usage in wind energy and marine composite parts.

    Foam Core Type

    PVC Foam Core, PET Foam Core, and Others

    PET to remain the dominant foam core type over coming years due to wider acceptance in wind energy, marine, and aerospace & defense.

    Process Type

    Machining and Manual

    Machining process to remain dominant in the market during the forecast period.

    By Region

    North America, Europe, Asia-Pacific, and RoW.

    Asia-Pacific to remain the dominant region during the forecast period, whereas, Europe is likely to be the fastest-growing region during the same period.

     

    Based on the end-use industry type, the core material kitting market is segmented into wind energy, aerospace & defense, marine, transportation, construction, and others. Wind energy is expected to remain the largest market for core material kitting during the forecast period. Rising demand for an alternative source of energy has led to an increased focus by various governments and non-government institutions on the wind energy sector. Increasing wind turbine installation coupled with the installation of longer rotor blades has resulted in a greater penetration of sandwich panels constructed with foam and balsa core materials. This factor is acting as the prime driver for the core material kitting market in wind energy.

    Based on the core material type, the market is segmented as foam core and balsa. Foam core is further bifurcated into PVC, PET, and others. Foam core is expected to remain the market’s largest segment during the forecast period. Foam core is widely used in wind energy and marine composite parts, owing to its low specific weight and high mechanical rigidity and stiffness.

    In terms of regions, Asia-Pacific is expected to remain the largest region in the market during the forecast period. The growth engine of Asia-Pacific is mainly attributable to the large wind turbine installation coupled with the regional expansion of major core material suppliers in the region; the growing penetration of composites in the transportation industry; the opening of assembly plants of Boeing and Airbus for the B737, A320, and A330 aircraft programs; upcoming indigenous aircraft programs such as the C919; and the expanding construction industry. Europe is expected to be the fastest-growing market for core material kitting during the forecast period, owing to an expected increase in offshore wind turbine installations in Europe and a healthy recovery in the aerospace & defense industry.

    The core material kitting market is segmented into the following categories. 

    Core Material Kitting Market, by End-Use Industry Type

    • Wind Energy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Aerospace & Defense (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Marine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Transportation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Core Material Kitting Market, by Core Material Type

    • Foam Core
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Foam Core Type: PVC Foam Core, PET Foam Core, and Others)
    • Balsa (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Core Material Kitting Market, by Process Type

    • Machining (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Manual (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Core Material Kitting Market, by Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Russia, and The Rest of Europe)
    • Asia-Pacific (Country Analysis: Japan, China, India, and The Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, The Middle East, and Others)

    Key Players

    The market is highly consolidated with the presence of some regional and global players. The supply chain of the market comprises raw material suppliers, core material suppliers, tier players, and end-users. The following are the key players in the core material kitting market.

    • Gurit Holding AG
    • InCom Group
    • 3A Composites GmbH
    • Diab International AB

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s core material kitting market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants and investors in identifying the low-hanging fruits available in the market and formulating growth strategies to expedite their growth process.

    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.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter 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, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for 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 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)

    The core material kitting market is estimated to grow at a CAGR of 6.2% by 2028, driven by increasing penetration of composite materials, increasing demand for lightweight core materials, and the excellent benefits of core material kitting.

    Gurit Holding AG, InCom Group, 3A Composites GmbH, and Diab International AB are the leading players in the core material kitting market.

    Asia-Pacific is estimated to remain dominant in the core material kitting market in the foreseen future, owing to large wind turbine installations in the region. The key economies driving the regions demand for core material kitting are China, India, and Japan.

    Foam core material is widely used in wind energy and marine composite parts, owing to its low specific weight and high mechanical rigidity and stiffness.