Composite Repairs Market to experience an impressive growth of 7.2% during 2017-2022

Addressing the most sought-after questions that occupy the minds of entrepreneurs and decision makers, the new report of "Stratview Research" on the Composite Repairs Market, answers all the important questions.

Getting to the bare bones of the issues and factors which are sculpturing the market, Stratview Research brings out the best actionable market intelligence for the global Composite Repairs Market.

The analysts have scrupulously studied the trend and cautiously forecasted the future market developments for 2017-2022.
The important questions the report answers are:
1. What will be the market growth rate in the near future?
2. What are the major developments in the market wrt regulations, acquisitions and innovations?
3. What are the growth drivers as well as the constraints?
4. What are the regional growth hotspots?
5. What are the segmental growth forecasts?

These questions and many more, big and small, are all discussed in the report in great detail.

Global Composite Repairs Market: Highlights
The global composite repairs market is projected to witness an impressive CAGR of 7.2% over the next five years, driven by increasing production of composites rich commercial and regional aircraft, such as B787 and A350XWB; increasing maintenance, repair, & overhaul (MRO) services; increasing focus on the infrastructure projects, especially in developing countries; an advancement in materials and repair automation; development of new composite applications in different industries; and rising stringent quality, environmental and safety norms.

The strategic Market dissection
The dissection of the market is done to enlighten the aspects which are of interest to firms across the value chain.

Dissection by Segments
• by Part Type : Structural Repair, Semi-Structural Repair and Non-Structural Repair
• by Manufacturing Process Type : Hand Lay-up, Vacuum Infusion and Others
• by End-Use Industry Type : Aerospace & Defense, Transportation and Others
• by Region : North America, Europe, Asia-Pacific, and RoW

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Market Segments
Global composite repairs market is segmented based on part type as structural, semi-structural, and non-structural components. Composite repairs for structural components is estimated to remain the largest part type during the forecast period. This segment is also projected to witness the highest growth in the same period, driven by increasing use of advanced composites in structural applications in the aerospace & defense and automotive industries.

Global composite repairs market is further segmented based on manufacturing process type as hand lay-up, vacuum infusion, prepreg lay-up, and others. Prepreg lay-up process is widely preferred for composite part repairs in most of the industries, such as aerospace & defense, automotive, and building & construction. The process type is projected to remain the fastest growing process during the forecast period. Increasing penetration of composites in different industries is driving the demand for improved manufacturing process for both part fabrication and repairs.

Global composite repairs market is segmented based on end-use industry as aerospace & defense, wind energy, transportation, building & construction, and others. Aerospace & defense is estimated to be the fastest growing end-use segment in the composite repairs market during the forecast period. Increasing penetration of composites in next generation aircraft, such as B787 and A350XWB, is creating a substantial demand for composite repairs. Various standards have been set regarding composite repairs by Commercial Aircraft Composite Repair Committee (CACRC), USA, to ensure quality and safety by the airlines. Wind energy, transportation, marine, and building & construction are also expected to register a healthy growth in the composite repairs market over the next five years.

North America is projected to remain the largest market for composite repairs during the forecast period of 2017 to 2022. The region is the largest composites market worldwide with the presence of several large to small composites part fabricators for almost all major end-use industries, such as aerospace & defense, automotive, and marine. Asia-Pacific is the fastest growing composite repairs market, propelled by increasing wind energy installations, upcoming indigenous commercial and regional aircraft, such as COMAC C919, ARJ21, and Mitsubishi MRJ, high automobile production, and growing building & construction market. China and India are likely to remain the growth engines of the composites market in the Asia-Pacific region and so is the composite repairs market.

Players
Lufthansa Technik AG; Air France Industries KLM Engineering & Maintenance; Guangzhou Aircraft Maintenance Engineering Co.; GA Telesis Composite Repair Group, LLC; Furmanite; EDF Renewable Energy; and Broadwind Energy are some of the major composite repair players in the market. New product development and collaboration with customers are some of the key strategies adopted by companies to gain a competitive edge in the market.

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This release was published on openPR.