Global Composite Repair Market is anticipated to grow with a growth rate of more than 8% over the forecast period 2023-2030. Composite repair refers to the process of restoring, reinforcing, or enhancing the structural integrity of composite materials through the application of specialized techniques and materials. It involves repairing damages, such as cracks, delamination, or impact damage, in composite structures using methods such as bonding, patching, or reinforcement. Composite repairs are aimed at extending the lifespan of composite components. They are crucial for ensuring safety and maintaining the desired performance. Composite repairs are an essential aspect of maintenance and structural integrity in various industries. These industries include aerospace, automotive, wind energy, and infrastructure. The factors driving the market are increasing demand for lightweight materials and growing infrastructure investments.
The International Energy Agency (IEA) highlights the significant benefits of light weighting vehicles through the use of composites in the automotive industry. According to the IEA, incorporating composites in vehicles can lead to a substantial reduction in fuel consumption. Specifically, cars can experience a fuel consumption reduction ranging from 18% to 50%, while trucks can achieve a fuel consumption reduction of 15% to 25%. Another factor driving the market growth is growing infrastructure investments. According to The American Society of Civil Engineers (ASCE) estimated that the US needs to invest USD 4.5 trillion by 2025 to repair and upgrade its infrastructure. Moreover, advancements in composite repair technologies and increasing demand for renewable energy may create lucrative opportunities in the market. However, the limited adoption in traditional industries and high initial costs for setting up composite repair facilities stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Composite Repair Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the dominance of established aerospace and defense industry, advanced manufacturing capabilities and expertise in composite fabrication and focus on sustainability and environment concerns. However, Asia Pacific is expected to be the fastest growing region during the forecast period, owing to factors such as rising investments in infrastructure, increasing demand for lightweight materials, and expanding renewable energy sector.
Major market player included in this report are:
- Boeing Company
- Air France KLM Group
- Composite Technology Inc.
- Crawford Composites LLC
- Lufthansa Technik AG
- The IKM Group
- WR Composites
- TD Williamson Inc.
- Hong Kong Aircraft Engineering Company Limited (HAECO)
- Clock Spring Company Inc.
Recent Developments in the Market:
- In March 2023, Honeywell and Lufthansa Technik have announced an enhanced collaboration on Lufthansa Technik's digital platform, AVIATAR, with the goal of improving the customer experience in aviation analytics.
- In May 2022, Boeing India's collaboration with AIESL (Air India Engineering Services Limited) is expected to boost the BIRDS (Boeing India Repair Development and Sustainment) hub initiative. This collaboration between Boeing and AIESL will contribute to the development of a competitive MRO (Maintenance, Repair, and Overhaul) ecosystem in India.
Global Composite Repair Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Product Type, Process, End-User Industry, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Product Type:
- Structural
- Semi-Structural
- Cosmetic
By Process:
- Hand Lay-Up
- Vacuum Infusion
- Autoclave
- Other Processes
By End-User Industry:
- Aerospace and Defense
- Wind Energy
- Automotive
- Marine
- Construction
- Other End-User Industries
By Region:
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Composite Repair Market, by region, 2020-2030 (USD Billion)
- 1.2.2. Composite Repair Market, by Product Type, 2020-2030 (USD Billion)
- 1.2.3. Composite Repair Market, by Process, 2020-2030 (USD Billion)
- 1.2.4. Composite Repair Market, by End-User Industry, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Composite Repair Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Composite Repair Market Dynamics
- 3.1. Composite Repair Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing demand for lightweight materials
- 3.1.1.2. Growing infrastructure investments
- 3.1.2. Market Challenges
- 3.1.2.1. Limited adoption in traditional industries
- 3.1.2.2. High initial costs for setting up composite repair facilities
- 3.1.3. Market Opportunities
- 3.1.3.1. Advancements in composite repair technologies
- 3.1.3.2. Increasing demand for renewable energy
Chapter 4. Global Composite Repair Market: Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economic
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Composite Repair Market, by Product Type
- 5.1. Market Snapshot
- 5.2. Global Composite Repair Market by Product Type, Performance - Potential Analysis
- 5.3. Global Composite Repair Market Estimates & Forecasts by Product Type 2020-2030 (USD Billion)
- 5.4. Composite Repair Market, Sub Segment Analysis
- 5.4.1. Structural
- 5.4.2. Semi-Structural
- 5.4.3. Cosmetic
Chapter 6. Global Composite Repair Market, by Process
- 6.1. Market Snapshot
- 6.2. Global Composite Repair Market by Process, Performance - Potential Analysis
- 6.3. Global Composite Repair Market Estimates & Forecasts by Process 2020-2030 (USD Billion)
- 6.4. Composite Repair Market, Sub Segment Analysis
- 6.4.1. Hand Lay-Up
- 6.4.2. Vacuum Infusion
- 6.4.3. Autoclave
- 6.4.4. Other Processes
Chapter 7. Global Composite Repair Market, by End-User Industry
- 7.1. Market Snapshot
- 7.2. Global Composite Repair Market by End-User Industry, Performance - Potential Analysis
- 7.3. Global Composite Repair Market Estimates & Forecasts by End-User Industry 2020-2030 (USD Billion)
- 7.4. Composite Repair Market, Sub Segment Analysis
- 7.4.1. Aerospace and Defense
- 7.4.2. Wind Energy
- 7.4.3. Automotive
- 7.4.4. Marine
- 7.4.5. Construction
- 7.4.6. Other End-User Industries
Chapter 8. Global Composite Repair Market, Regional Analysis
- 8.1. Top Leading Countries
- 8.2. Top Emerging Countries
- 8.3. Composite Repair Market, Regional Market Snapshot
- 8.4. North America Composite Repair Market
- 8.4.1. U.S. Composite Repair Market
- 8.4.1.1. Product Type breakdown estimates & forecasts, 2020-2030
- 8.4.1.2. Process breakdown estimates & forecasts, 2020-2030
- 8.4.1.3. End-User Industry breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Composite Repair Market
- 8.5. Europe Composite Repair Market Snapshot
- 8.5.1. U.K. Composite Repair Market
- 8.5.2. Germany Composite Repair Market
- 8.5.3. France Composite Repair Market
- 8.5.4. Spain Composite Repair Market
- 8.5.5. Italy Composite Repair Market
- 8.5.6. Rest of Europe Composite Repair Market
- 8.6. Asia-Pacific Composite Repair Market Snapshot
- 8.6.1. China Composite Repair Market
- 8.6.2. India Composite Repair Market
- 8.6.3. Japan Composite Repair Market
- 8.6.4. Australia Composite Repair Market
- 8.6.5. South Korea Composite Repair Market
- 8.6.6. Rest of Asia Pacific Composite Repair Market
- 8.7. Latin America Composite Repair Market Snapshot
- 8.7.1. Brazil Composite Repair Market
- 8.7.2. Mexico Composite Repair Market
- 8.8. Middle East & Africa Composite Repair Market
- 8.8.1. Saudi Arabia Composite Repair Market
- 8.8.2. South Africa Composite Repair Market
- 8.8.3. Rest of Middle East & Africa Composite Repair Market
Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. Boeing Company
- 9.3.1.1. Key Information
- 9.3.1.2. Overview
- 9.3.1.3. Financial (Subject to Data Availability)
- 9.3.1.4. Product Summary
- 9.3.1.5. Recent Developments
- 9.3.2. Air France KLM Group
- 9.3.3. Composite Technology Inc.
- 9.3.4. Crawford Composites LLC
- 9.3.5. Lufthansa Technik AG
- 9.3.6. The IKM Group
- 9.3.7. WR Composites
- 9.3.8. TD Williamson Inc.
- 9.3.9. Hong Kong Aircraft Engineering Company Limited (HAECO)
- 9.3.10. Clock Spring Company Inc.
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption