“The Core Material Kitting Market is likely to grow at a promising CAGR of 5.5%, in the long run, to reach US$ 522.4 Million by 2030.”
Market Dynamics
Introduction
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 to save 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.
Market Drivers
The kitting of core materials can be performed by part fabricators in-house and outsourced to independent kitting solution providers or core material suppliers offering 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.
Segments Analysis
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Segmentations
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List of Sub-Segments
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Dominant and Fastest-Growing Segments
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End-Use Industry Type
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Wind Energy, Aerospace & Defense, Marine, Transportation, Construction, and Others.
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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.
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Core Material Type
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Foam Core and Balsa
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Foam core is to remain dominant in the market by 2030, owing to its wide usage in wind energy and marine composite parts.
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Foam Core Type
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PVC Foam Core, PET Foam Core, and Others
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PET to remain the dominant foam core type over coming years due to wider acceptance in wind energy, marine, and aerospace & defense.
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Process Type
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Machining and Manual
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Machining process to remain dominant in the market during the forecast period.
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Regional Analysis
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North America, Europe, Asia-Pacific, and Rest of the World.
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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.
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By End-Use Industry Type
“Wind energy is expected to remain dominant during the forecast period.”
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.
By Core Material Type
“Foam core is to remain dominant in the market during the forecast period.”
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.
Regional Analysis
“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; 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.
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 (arranged alphabetically).
Note: The above list does not necessarily include all the top players in the market.
Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com
Report Features
This report provides market intelligence most comprehensively. 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.
What Deliverables Will You Get in this Report?
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Key questions this report answers
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Relevant contents in the report
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How big is the sales opportunity?
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In-depth analysis of the Core Material Kitting Market
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How lucrative is the future?
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The market forecast and trend data and emerging trends
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Which regions offer the best sales opportunities?
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Global, regional, and country-level historical data and forecasts
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Which are the most attractive market segments?
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Market Segment Analysis and Forecast
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Who are the top players and their market positioning?
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Competitive landscape analysis, Market share analysis
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How complex is the business environment?
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Porter’s five forces analysis, PEST analysis, Life cycle analysis
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What are the factors affecting the market?
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Drivers & challenges
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Will I get the information on my specific requirements?
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10% free customization
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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 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.
Customization Option
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
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