Press release
Invar Tooling Market is Forecasted to Reach USD 0.5 Billion in 2026, Says Stratview Research
The global Invar Tooling Market is projected to witness a growth rate of 8.8% annually from 2021 to 2026, with an anticipated size of USD 0.5 billion in 2026, according to an analysis by Stratview Research.Stratview Research, a global market research firm has launched a report on the global Invar Tooling Market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/1150/invar-tooling-in-global-composites-market.html#form
Report Highlights: `
Market Size in 2026: USD 0.5 billion
Growth (CAGR): 8.8% during 2021-2026
Forecast Period: 2021-2026
Trend Period: 2015-2019
Base Year: 2020
Number of Segments Covered: 2
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20
Segment Insights on the Invar Tooling Market:
The global Invar Tooling Market is segmented by end-use industry type, and region
Based on the end-use industry type: The invar tooling market is segmented as aerospace and others. Aerospace is expected to remain the larger and faster-growing segment of the market during the forecast period. Invar tool is predominantly used in aerospace applications owing to its high durability, property to withstand several autoclave cure cycles, and low coefficient of thermal expansion. Wing skins, inboard, and outboard flap parts, and fuselage sections made of composites are preferably fabricated through the invar tools. Other applications of invar tooling include parts of submarines and natural gas storage tanks.
To know the most attractive segments, click here for a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/1150/invar-tooling-in-global-composites-market.html#form
Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that North America is expected to remain the largest market for invar tooling during the forecast period. This growth outlook is majorly attributed to the following-
• The USA is the growth engine of the region's market with the presence of invar tooling manufacturers, aircraft OEMs, tier players, and raw material suppliers.
Asia-Pacific is likely to recoup at the fastest rate during the same period with strong potential from emerging economies such as China and India. The key factors driving the region's market are increasing aircraft fleet to support rising passenger traffic; the opening of assembly plants of Boeing and Airbus for multiple aircraft programs; increasing procurement of military aircraft, owing to rising defense budget; and upcoming indigenous aircraft, C919.
Invar Tooling Market Drivers:
The growth of the Invar Tooling Market is driven by several factors.
• The ungrounding of Boeing's B737Max in November 2020 coupled with a gradual increase in its production rates, expected increase in the production rate of the A220 and A320 family, and market entries of upcoming aircraft programs assist the market stakeholders to quickly rejuvenate the demand for invar tooling.
• Furthermore, an incessant increase in the penetration of advanced composites in the latest aircraft programs gives an impetus to the overall market recovery trajectory.
Top 10 Companies in the Invar Tooling Market:
Stratview Research has identified the following companies as the top market players:
• Ascent Aerospace (Part of AIP Aerospace Tooling Group)
• Alpex Technologies GmbH
• Baker Industries (The Lincoln Electric Company)
• KTL Tooling (Earlier Kaman Tooling)
• Models & Tools
• North Coast Tool and Mould
• Reuther Mold and Manufacturing
• Vector Tooling Technologies
• Visioneering Inc.
• Weber Manufacturing Technologies Inc
What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Invar Tooling Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
Related Reports:
• Tooling Market for the Composites Industry: https://www.stratviewresearch.com/193/tooling-market-for-composites-industry.html
• Aircraft Maintenance Tooling Market: https://www.stratviewresearch.com/2608/Aircraft-Maintenance-Tooling-Market.html
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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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