Automatic Filament Winding Machines Market 2024-2033 : Market Size, Top Segments, Leading Region Forecast

"The Business Research Company recently released a comprehensive report on the Global Automatic Filament Winding Machines Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, 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.

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Market Drivers and Trends:

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.

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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Major Key Players of the Market:

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.

Automatic Filament Winding Machines Market 2024 Key Insights:

• The automatic filament winding machines market is expected to grow to $2.66 billion in 2028 at a compound annual growth rate (CAGR) of 12.8%.
• Automatic Filament Winding Machines In Response To Surging Demand For Composite Materials
• Technological Developments In Automated Fiber Winding And Filament Placement Machines
• North America was the largest region in the automatic filament winding machines market in 2023

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