The bead winding machine 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.
Bead Winding Machine 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 bead winding machine market size has grown steadily in recent years. It will grow from $0.9 billion in 2023 to $0.95 billion in 2024 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to increasing demand for efficient tire manufacturing, rise in automotive production, rise in disposable income, growing eco friendly manufacturing demand, increasing focus on sustainability, rising investments in research and development.
The bead winding machine market size is expected to see strong growth in the next few years. It will grow to $1.15 billion in 2028 at a compound annual growth rate (CAGR) of 5%. The growth in the forecast period can be attributed to increasing demand for high performance tires, increasing vehicle production, growing demand for automotive services, growing use of wind turbines, growing demand to enhance product lifecycle management. Major trends in the forecast period include adoption of smart factory technologies, adoption of new manufacturing techniques, rise in green tire manufacturing, adoption of advanced sensors, adoption of internet of things (IoT).
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Scope Of Bead Winding Machine 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.
Bead Winding Machine Market Overview
Market Drivers –
The growing use of wind turbines is expected to propel the growth of the bead winding machine market going forward. Wind turbines convert wind energy into electricity, featuring rotor blades, a hub, gearbox, generator, nacelle, and tower. The growing demand for clean energy propels the adoption of renewable sources such as wind power. Climate change concerns and international agreements to reduce greenhouse gas emissions are pushing governments to invest in wind energy. Bead winding machines enhance the production of wind turbine blades by precisely and efficiently winding fibers and materials, ensuring consistent quality, structural integrity, and durability. For instance, according to the U.S. Department of Energy (DOE), a U.S.-based U.S. wind power sector, in 2021, wind turbines constituted 22% of the newly installed electricity capacity in the U.S., representing a $12 billion investment. Additionally, the average capacity of newly installed wind turbines saw a 7% increase compared to 2020. Therefore, the growing use of wind turbines will drive the bead winding machine market.
Market Trends –
Major companies operating in the bead winding machines market are focused on developing technologically advanced products, such as automated fiber winding and filament placement machines, to serve customers with advanced features better. 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. It 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 bead winding machine market covered in this report is segmented –
1) By Type: Manual, Electric, Other Types
2) By Configuration: Single Bead, Multi-Spinder Bead, Automatic Bead, Computer Numerical Control (CNC) Bead, High-Speed Bead
3) By Application: Passenger Cars, Commercial Vehicles, Off-Road Vehicles, Industrial Machinery, Agriculture Machinery
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Regional Insights –
North America was the largest region in the bead winding machine market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the bead winding machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the bead winding machine market are Michelin, LARSEN & TOUBRO LIMITED, Kobe Steel Ltd., KraussMaffei, Marangoni S.p.A., VMI Group, Tianjin Saixiang Technology Co. Ltd., ROSENDAHL NEXTROM, Bartell Machinery, Sino Textile Machinery, Sai Engineering Works, Yogi Enterprises, Fuji Machine America Corporation, Windak Group, Bharaj Machineries, VIPO a. s, Leesona Corporation, Herbert Maschinenbau GmbH & Co. KG, Gorman Machine Corporation, K&G Machinery Works Ltd., Jovil Universal LLC
Table of Contents
1. Executive Summary
2. Bead Winding Machine Market Characteristics
3. Bead Winding Machine Market Trends And Strategies
4. Bead Winding Machine Market – Macro Economic Scenario
5. Global Bead Winding Machine Market Size and Growth
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32. Global Bead Winding Machine Market Competitive Benchmarking
33. Global Bead Winding Machine Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Bead Winding Machine Market
35. Bead Winding Machine Market Future Outlook and Potential Analysis
36. Appendix
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