Composite Tube Market Report

Composite Tube Market Insights

Composite Tube Market is likely to witness an impressive CAGR of 4.0% during the forecast period. The prime factor driving the growth of the composite tube market is mainly the rising demand for lightweight and corrosion resistance structures in various industrial applications, such as robotics and automotive industries and others during the forecast period.

Market Share Analysis

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Composite Tube Market Share: By Fiber Type

Based on the fiber type, the market is segmented as carbon fiber tubes, glass fiber tubes, and others. Glass fiber is expected to remain the largest market, whereas on the other hand, carbon fiber is estimated to witness the highest growth rate in the market during the forecast period owing to its low weight and excellent strength-to-weight ratio.

Composite Tube Market Share: By End-Use Industry Type

Based on the end-use industry type, the composite tube market is segmented as industrial, electrical, robotics and automation, sports and leisure, transportation, telecommunication, and others. The industrial segment is expected to remain the largest end-use industry by value, as the demand for lightweight composite materials is increasing for various industrial equipment such as tool handles, rollers, instrument connection, and others. Robotics and automation industry is estimated to drive the market, experiencing the highest growth, owing to the increased penetration of composites that offer features such as weight reduction, increase in part stiffness and improvised automation process.

Composite Tube Market Share: By Region

In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing composite tube market during the forecast period, owing to rapid industrialization and urbanization in the region. The growth of the market is driven by the growth of various end-use industries, such as electrical, robotics and automation, sports and leisure, transportation, telecommunication, and others, which is generating huge demand for composite tubes. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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Key Players

Some of the major composite tube manufacturers are-

• Accurate Plastics, Inc.
• Composite Resources Inc
• Containment Solutions Inc.
• Exel Composites Plc
• Fiber Tech Composite Private Limited
• Fibergrate Composite Structures, Inc.
• Foshan Zhihui Junzhang Advanced Composite Technology
• Glasforms, Inc.
• Rock West Composites, Inc.
• Strongwell Corporation.

Market Scope & Segmentation

Composite tubes offer good structural properties and are used as an excellent alternative to steel, aluminum, and wood owing to their durability, resistive properties from corrosion and weather, and strength and stiffness. Composite tubes also offer features such as insulation (of fiberglass), and warm and smoothly finished surface.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The composite tube market is segmented into the following categories. 

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

• Industrial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Electrical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Robotics and Automation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Sports and Leisure (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Transportation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Telecommunication (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Composite Tube Market Size, Share, & Forecast, by Fiber Type:

• Carbon Fiber Tubes (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Glass Fiber Tubes (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Hybrid Tubes (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

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

• Pultrusion/Pullwinding (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Filament Winding (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

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

• Round (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Profile (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Telescopic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Conical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Composite Tube Market Size, Share, & Forecast, by Region:

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

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Research Methodology

This report offers high-quality insights and is 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. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the 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, 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 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the fiber types by end-use industry 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 sales@stratviewresearch.com.