The Automatic Filament Winding Machines Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Automatic Filament Winding Machines Global Market Report 2024, 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.
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.
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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
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 report table of contents includes:
- Executive Summary
- Automatic Filament Winding Machines Market Characteristics
- Automatic Filament Winding Machines Market Trends And Strategies
- Automatic Filament Winding Machines Market – Macro Economic Scenario
- Global Automatic Filament Winding Machines Market Size and Growth
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- Global Automatic Filament Winding Machines Market Competitive Benchmarking
- Global Automatic Filament Winding Machines Market Competitive Dashboard
- Key Mergers And Acquisitions In Automatic Filament Winding Machines Market
- Automatic Filament Winding Machines Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- Murata Machinery Ltd.
- GTI Composite
- Ingersoll Machine Tools
- Magnum Venus Products (MVP)
- Pultrex, Advanced Composites Inc.
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