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(IT-NEWSWIRE.COM, April 23, 2018 ) Global tooling market for composites industry over the period 2017 to 2022. 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.
Global tooling market for composites industry is projected to grow at a healthy CAGR of 7.1% over the next five years to reach US$ 1,457.4 million in 2022. Increasing penetration of composite materials, especially in the aerospace & defense and transportation industries with the purpose to enhance fuel efficiency and to reduce carbon emissions and an advancement in composite technologies, such as high-pressure resin transfer molding are the primary growth drivers of the market.
On the basis of material type, the global tooling market for composites industry is segmented into invar, aluminum, tooling prepreg, infusion, other metals, and others. Tooling prepreg is expected to remain the largest material type in the tooling market for composites industry over the next five years. The material type (tooling prepreg) is projected to witness the highest growth during the same period, propelled by increasing use in high growth markets owing to its excellent coefficient of thermal expansion property.
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On the basis of end-use industry, aerospace & defense is projected to remain the largest end-use market for tooling in composites industry during the forecast period of 2017 to 2022. Increasing production rates of composites rich aircraft, such as B787 and A350XWB, an advancement in composite technologies, such as AFP and ATL, and increasing use of resin transfer molding process in the aircraft engines are the key growth drivers of tooling market. The transportation industry is likely to exhibit the fastest growth in the same period, driven by increasing penetration of composites in the electric and premium vehicles to enhance fuel efficiency for achieving stringent government regulations, such as CAFÉ standards.
Based on region, North America is estimated to remain the largest tooling market for the composites industry. The region is the manufacturing capital of aerospace & defense industry with the presence of several small to large composites part manufacturers. There is also a healthy demand for tooling products from other end-use industries in the region, such as transportation, marine, and wind energy. Asia-Pacific is likely to grow at the highest rate during the same period, driven by growing composites industry. China and India are the growth engines of the Asia-Pacific market.
AIP Aerospace Inc, Airtech Advanced Materials Group, Gurit Holding, Hexcel Corporation, Kaman Aerosystems, and Jaincki Industries are the major tooling manufacturers in the composites industry. New product development and long-term contracts with customers are the key strategies adopted by tooling manufacturers to gain competitive edge in the market.
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
Global Tooling Market for Composites Industry by End-Use Industry:
Aerospace & Defense (Regional Analysis: NA, Europe, APAC, and RoW)
Wind Energy (Regional Analysis: NA, Europe, APAC, and RoW)
Marine (Regional Analysis: NA, Europe, APAC, and RoW)
Transportation (Regional Analysis: NA, Europe, APAC, and RoW)
Construction (Regional Analysis: NA, Europe, APAC, and RoW)
Others (Regional Analysis: NA, Europe, APAC, and RoW)
Global Tooling Market for Composites Industry by Material Type:
Invar (Regional Analysis: NA, Europe, APAC, and RoW)
Aluminum (Regional Analysis: NA, Europe, APAC, and RoW)
Other Metals (Regional Analysis: NA, Europe, APAC, and RoW)
Tooling Prepreg (Regional Analysis: NA, Europe, APAC, and RoW)
Infusion (Regional Analysis: NA, Europe, APAC, and RoW)
Others (Regional Analysis: NA, Europe, APAC, and RoW)
Global Tooling Market for Composites Industry by Use Type:
Prototype (Regional Analysis: NA, Europe, APAC, and RoW)
Serial Production (Regional Analysis: NA, Europe, APAC, and RoW)
Global Tooling Market for Composites Industry 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)
Report Customization Options
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Company Profile of Key Players
9.1. AIP Aerospace Inc.
9.2. Airtech Advanced Materials Group
9.3. Formaplex
9.4. Gurit Holding
9.5. Hexcel Corporation
9.6. Janicki Industries Inc.
9.7. Kaman Aerosystems
9.8. Royal TenCate N.V.
9.9. Solvay S.A. (Cytec Industries)
9.10. TPI Composites
ReportsWeb.com
Rajat Sahni
+1-646-491-9876
sales@reportsweb.com
Source: EmailWire.Com 
Source: EmailWire.com
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