Bead Winding Machine Global Market Report 2024 - By Share, Growth, Trends And Industry Report, Outlook By 2033

"The new report published by The Business Research Company, titled Bead Winding Machine Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, 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 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%.

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Impact Of Wind Turbines On Bead Winding Machine Market Growth
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.

Technological Developments In Automated Fiber Winding And Filament Placement Machines
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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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

Contents of the report:
1. Executive Summary
2. Bead Winding Machine Market Report Structure
3. Bead Winding Machine Market Trends And Strategies
4. Bead Winding Machine Market - Macro Economic Scenario
5. Bead Winding Machine Market Size And Growth
…..
27. Bead Winding Machine Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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