The automatic filament winding machines global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Automatic Filament Winding Machines Market, 2024 report by The Business Research
Company offers comprehensive insights into the current state of the market and
highlights future growth opportunities.
Market Size -
The automatic filament winding machines market size has grown rapidly in recent
years. It will grow from $1.43 billion in 2023 to $1.64 billion in 2024 at a
compound annual growth rate (CAGR) of 14.7%. The growth in the historic period
can be attributed to increased demand for lightweight and high-strength
materials, growth in adoption of automation in manufacturing, increased demand
for composite materials, advancements in technology, increased investments in
research and development.
The automatic filament winding machines market size is expected to see rapid
growth in the next few years. It will grow to $2.66 billion in 2028 at a
compound annual growth rate (CAGR) of 12.8%. The growth in the forecast period
can be attributed to increasing demand for sustainable and eco-friendly
materials, expansion of the aerospace and defense industries, growing adoption
of composite materials in automotive industry, advancements in robotics and
automation, implementation of stringent regulations and standards related to
the use of lightweight and high-strength materials. Major trends in the
forecast period include increased automation, integration of IoT and data
analytics, enhanced material compatibility, improved energy efficiency,
customization and flexibility.
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Scope Of Automatic Filament Winding Machines Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Automatic Filament Winding Machines Market Overview
Market Drivers -
The rising demand for composite materials is expected to propel the growth of
the automatic filament winding machine market going forward. Composite
materials are products engineered by combining two or more distinct types of
constituents with different physical or chemical properties. Automatic filament
winding machines are employed in composite material production to produce
high-strength structures such as pressure tanks, aircraft components, and
automobile parts with accuracy and efficiency. For instance, in May 2023,
according to AVK, a Germany-based industry association for reinforced plastics,
the value of the global composites industry in 2022 reached 12.7 million metric
tons, an increase of 5% compared to 12.1 million tons in 2021. Therefore, the
rising demand for composite materials is driving the automatic filament winding
machine market.
Market Trends -
Major companies operating in the automatic filament winding machines market are
focused on developing technologically advanced products, such as automated
fiber winding and filament placement machines, to better serve customers with
advanced features. Automated fiber winding and filament placement machines are
advanced manufacturing equipment designed to automate the process of winding
materials, such as fiberglass, onto a rotating mandrel. For instance, in
October 2023, CompoTech, a US-based manufacturing and technology company,
launched 'Turnkey'. The turnkey is an automated fiber winding and filament placement
machine and incorporates an integrated FANUC (Rochester Hills, Mich., USA)
M-20iA/20M with an R-30iB six-axis robot arm and remote controller unit, as
well as an in-house-created Shneg 2.0 fiber placement and winding software that
manages the robot arm and winding mandrel. The software translates a design
specification into a manufacturing program, allowing for the accurate
fabrication of carbon fiber components. Standard program preparation winding
codes for popular types of products, such as round tubes, beams, and n-edge
profiles, are included with all machines, as well as operator training and
comprehensive system support.
The automatic filament winding machines market covered in this report is
segmented –
1) By Type: 2-Axis Filament Winding Machine, 3-Axis Filament Winding Machine,
4-Axis Filament Winding Machine, 5-Axis And 6-Axis Filament Winding Machine
2) By Application: Pressure Vessels, Pipes and Tanks
3) By End-Use Industries: Aerospace And Defense, Automotive
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Regional Insights -
North America was the largest region in the automatic filament winding machines
market in 2023. Asia-Pacific is expected to be the fastest-growing region in
the forecast period. The regions covered in the automatic filament winding
machines market report are Asia-Pacific, Western Europe, Eastern Europe, North
America, South America, Middle East, Africa.
Key Companies -
Murata Machinery Ltd., GTI Composite, Ingersoll Machine Tools, Magnum Venus
Products (MVP), Pultrex, Advanced Composites Inc., Cygnet Texkimp, Autonational
Composite Machinery, Mikrosam, EMAI Composites, Vem Technologies S.r.l.,
Matrasur Composites, Engineering Technology Corp. (Toray), Roth Composite
Machinery, MF Tech, Comec Innovative Srl, Hille Engineering, X-Winder LLC,
Beijing Vidatech, Schmidt and Heinzmann GmbH & Co. KG, McClean Anderson,
Harbin Composite Equipment, Shanghai Vanguard Composites Technique, Cincinnati
Composite Machines (CCM), Rooks Automation, TANIQ BV, Shenzhen HONEST
Intelligent Equipment Co. Ltd.
Table of Contents
1. Executive Summary
2. Automatic Filament Winding Machines Market Report Structure
3. Automatic Filament Winding Machines Market Trends And Strategies
4. Automatic Filament Winding Machines Market – Macro Economic Scenario
5. Automatic Filament Winding Machines Market Size And Growth
…..
27. Automatic Filament Winding Machines Market Competitor Landscape And Company
Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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