Tooling Market for the Composites Industry is Forecasted to Reach USD 1.6 Billion in 2026, Says Stratview Research

The global Tooling Market for the Composites Industry is projected to witness a growth rate of 7.9% annually from 2021 to 2026, with an anticipated size of USD 1.6 billion in 2026, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global Tooling Market for the Composites Industry 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/193/tooling-market-for-composites-industry.html#form

Report Highlights: `
Market Size in 2026: USD 1.6 billion
Growth (CAGR): 7.9% during 2021-2026
Forecast Period: 2021-2026
Trend Period: 2015-2019
Base Year: 2020
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Tooling Market for the Composites Industry:
The global Tooling Market for the Composites Industry is segmented by material type, End-use industry type, usage type and region

Based on the material type: The tooling market for the composites industry is segmented as invar, aluminum, other metals, tooling prepreg, infusion, epoxy board, and others. Tooling prepreg is expected to remain the largest as well as the fastest-growing segment of the market during the forecast period due to its excellent properties including outstanding surface finish, higher output with limited labor, consistent thickness, and lower lay-up time. Aerospace is the biggest demand generator for tooling prepreg owing to its excellent coefficient of thermal expansion (CTE) match with fabricated composite parts.

Based on the end-use industry type: The market is segmented as aerospace, wind energy, marine, transportation, industrial, and others. Aerospace is expected to remain the dominant as well as the fastest-growing end-use industry type in the market during the forecast period. In the aerospace industry, wings, fuselage, control surfaces, nacelles, doors, ribs, spars, and stringers are the key applications of tooling. An expected recovery in commercial aircraft production, expected entries of COMAC and Irkut, returning in service of B737Max, and increasing penetration of composite materials will drive the demand for advanced composites and so will tooling materials.

Based on the usage type: The market is segmented as serial production and prototype. Serial production is likely to remain the dominant usage type during the forecast period, owing to its advantages such as an increase in productivity, uniformity, lower cost, and faster production cycle. The aerospace, wind energy, and transportation industries are the major users.

To know the most attractive segments, click here for a free sample of the report: https://www.stratviewresearch.com/Request-Sample/193/tooling-market-for-composites-industry.html#form

Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that North America is expected to remain the largest tooling market for the composites industry 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 major aircraft OEMs, tier players, raw material suppliers, and composite part manufacturers.

Asia-Pacific is likely to recoup at the fastest rate during the same period. The highest growth of Asia-Pacific is mainly attributable to the increasing aircraft fleet to support rising passenger traffic; the opening of assembly plants of Boeing and Airbus for multiple aircraft programs, upcoming indigenous aircraft, C919, and increase in wind turbine installation. There has been a growing presence of all the leading players in the key Asian markets to tap the growing market potential. China, Japan, and India are projected to be the growth engines of the region's market.

Tooling Market for the Composites Industry Drivers:
The growth of the Tooling Market for the Composites Industry is driven by several factors.
• The long-term market outlook looks promising backed by an expected recovery in the economy, the rebound of vehicle and aircraft production, increasing penetration of composites across end-use industries, an increasing number of wind turbine installations, and resumption of construction activities.

Top 10 Companies in the Tooling Market for the Composites Industry:
Stratview Research has identified the following companies as the top market players:
• Ascent Aerospace (Part of AIP Aerospace Tooling Group)
• Janicki Industries, Inc.
• Toray Advanced Composites
• Hexcel Corporation
• Solvay SA
• Rampf Group, Inc.
• Sika Axson
• Weber Manufacturing Technologies Inc.
• Airtech Advanced Materials Group
• Huntsman Advanced Materials
• Gurit Holding AG
• Trelleborg AB

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Tooling Market for the Composites Industry, 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:
• Invar Tooling Market: https://www.stratviewresearch.com/1150/invar-tooling-in-global-composites-market.html
• Tooling Board Market: https://www.stratviewresearch.com/1849/tooling-board-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.
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