U.S. Composite Repair Market, By Material (Carbon Fiber, Fiber Glass, Quartz, Kevlar, Others), Type (Cosmetic, Resin Injection, Semi-Structural Plug/Patch, Structural Mechanically–Fastened Doubler, Structural Bonded External Doubler and Structural Flush Repair), Industry (Aerospace, Automotive, Marine, Oil and Gas, Chemical, Petrochemical, Power, Water Utilities and Others) Industry Trends and Forecast to 2027
Market Analysis and Insights: U.S. Composite Repair Market
U.S. composite repair market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.6% in the forecast period of 2020 to 2027 and expected to reach USD 1,815,123.77 thousand by 2027.
Composite repair is a qualified repair technology which is used for repairing of composite parts which are manufactured from composite materials. Composite material includes different components in particular proportion. Composite repair helps to regain strength and also cover cracks and dint on the structure.
- In composite repair technologies, proper finding of damaged place and degree of damage is determined and accordingly the damage material is removed. Several composite repair technologies have come which can repair surfaces in less time with higher accuracy but damage is not detected on time, preventive maintenance of composite parts cannot be done and also make difficult to repair. If correct damage detection is not done composite repair is not effective on the surface which leads to more deterioration of the surface of plane or helicopter.
This composite repair market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
U.S. Composite Repair Market Scope and Market Size
Composite repair market is segmented into three notable segments which are based on the basis of material, type and industry. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of material, the composite repair market is segmented into carbon fiber, fiber glass, quartz, kevlar and others. In 2020, fiber glass segment is dominating in the material segment in the composite repair market due to more usage in aerospace as the material have more strength and can be shaped in any surface which increases its demand.
- On the basis of type, the market is segmented into cosmetic, resin injection, semi-structural plug/patch, structural mechanically–fastened doubler, structural bonded external doubler and structural flush repair. In 2020, cosmetic segment is dominating in the type segment in composite repair market as cosmetics are used to restore a surface to keep fluids until a more permanent repair is made which increases its demand in the market.
- On the basis of industry, the market is segmented into aerospace, automotive, marine, oil and gas, chemical, petrochemical, power, water utilities and others. In 2020, aerospace segment is dominating in the industry segment in composite repair market as more of the industries are engaged in the production of the aerospace material which makes it dominating in the market.
Increasing Technological Advancements in Composite Repair
U.S. composite repair market also provides you with detailed market analysis for every country growth in industry with sales, components sales, impact of technological development in composite repair and changes in regulatory scenarios with their support for the composite repair market. The data is available for historic period 2010 to 2018.
Competitive Landscape and U.S. Composite Repair Market Share Analysis
Composite repair market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to composite repair market.
The major players covered in the report are Comtek Advanced Structures Ltd. (A Subsidiary of Avcorp Industries Inc.), Aircraft Composite, Innovator Industrial Services, GA Telesis, LLC, Advanced Composite Structures Inc., Lufthansa Technik, STORK, Dallas Aeronautical Services, West Star Aviation, LLC, Hydratight Limited (A Subsidiary of Actuant Corporation), Hong Kong Aircraft Engineering Company Limited, CanWest AeroSpace, AIM ALTITUDE, SATTO, and Hexcel Corporation among other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product developments are also initiated by the companies worldwide which are also accelerating the growth of composite repair market.
For instance,
- In April 2019, Hong Kong Aircraft Engineering Company Limited which includes HAECO Composite Services as a part of groups have decided to expand its business in North America and has also launched Standalone Composite Repair Station at its Greensboro, NC Headquarters. This development has helped the company to increase its revenue.
- In April 2019, AIM ALTITUDE launched ULTRAFLEX at AIX 2019. The product is expected to make ultra-long-haul flights enjoyable and desirable for the passengers. This development helped the company to increase its revenue.
Collaboration, joint ventures and other strategies by the market players is enhancing the company market in the composite repair market which also provides the benefits for organisation to improve their offering for composite repair.
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