Automatic Filament Winding Machines Market Report 2024 | Size, Share, Trends, Growth Drivers, Forecast To 2033

The automatic filament winding machines market size has grown rapidly in recent years. It will grow from $1.43 billion in 2023 to $1.64 billion in 2024 at a compound annual growth rate (CAGR) of 14.7%. The growth in the historic period can be attributed to increased demand for lightweight and high-strength materials, growth in adoption of automation in manufacturing, increased demand for composite materials, advancements in technology, increased investments in research and development.

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.

Market Overview -
Automatic filament winding machines are specialized manufacturing devices designed to automate the process of filament winding in the production of composite materials. It is used to create high-strength composite structures by winding continuous filaments or fibers around a rotating mandrel or mold.

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Automatic Filament Winding Machines In Response To Surging Demand For Composite Materials
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.

Competitive Landscape -
Major companies operating in the automatic filament winding machines market report are Murata Machinery Ltd., GTI Composite, Ingersoll Machine Tools, Magnum Venus Products (MVP), Pultrex, Advanced Composites Inc., Cygnet Texkimp, Autonational Composite Machinery, Mikrosam, EMAI Composites, Vem Technologies S.r.l., Matrasur Composites, Engineering Technology Corp. (Toray), Roth Composite Machinery, MF Tech, Comec Innovative Srl, Hille Engineering, X-Winder LLC, Beijing Vidatech, Schmidt and Heinzmann GmbH & Co. KG, McClean Anderson, Harbin Composite Equipment, Shanghai Vanguard Composites Technique, Cincinnati Composite Machines (CCM), Rooks Automation, TANIQ BV, Shenzhen HONEST Intelligent Equipment Co. Ltd.

Technological Developments In Automated Fiber Winding And Filament Placement Machines
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.

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Key Segments -

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

Key highlights covered in the report -

1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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