Filament Winding Machine for Pressure Vessels Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 2.5 Billion by 2030, growing at a CAGR of 9.8% from 2024 to 2030.
The global filament winding machine for pressure vessels market was valued at approximately USD 220 million in 2022, with a projected compound annual growth rate (CAGR) of 6.5% from 2022 to 2030. The increasing demand for lightweight and high-strength pressure vessels, particularly in industries such as aerospace, automotive, and energy, has been a driving factor for the growth of the filament winding machine market. The use of advanced materials like carbon fiber and fiberglass in pressure vessel manufacturing further enhances their performance, contributing to the increasing adoption of filament winding machines. The Asia-Pacific region is expected to dominate the market during the forecast period due to rising industrialization and the expansion of automotive and energy sectors in countries like China and India.Opportunities in the filament winding machine for pressure vessels market are significant, particularly in emerging economies. The growing demand for hydrogen fuel and compressed natural gas (CNG) storage tanks, as well as other applications in the energy sector, is expected to provide considerable growth prospects. Additionally, technological advancements in automation and digital control systems are anticipated to drive the market forward. North America and Europe are also expected to witness moderate growth due to the focus on sustainable energy solutions and the increasing use of composite materials in industrial applications. The overall market opportunity is expanding as manufacturers seek efficient and cost-effective solutions for producing high-performance pressure vessels.
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Roth Composite Machinery
Engineering Technology Corp. (Toray)
Mikrosam
Magnum Venus Products (MVP)
Comec Innovative
McClean Anderson
Cygnet Texkimp
Vem Technologies
Hunan Jiangnan Siling CNC Machinery
Harbin Composite Equipment
Weihai Gernuman
Shaanxi Shenying Equipment Technology
Shanghai Vanguard Composites Technique
Weide Composite Materials Facilities
ZHONGTONG Composite Material Machinery
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Filament Winding Machine for Pressure Vessels Market
Industrials
Automotive
Others
Based on Types the Market is categorized into Below types that held the largest Filament Winding Machine for Pressure Vessels market share In 2023.
2-Axis Filament Winding Machine
3-Axis Filament Winding Machine
4-Axis Filament Winding Machine
5-Axis and Above Filament Winding Machine
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Filament Winding Machine for Pressure Vessels Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Filament Winding Machine for Pressure Vessels Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Filament Winding Machine for Pressure Vessels Market, By Type
6. Global Filament Winding Machine for Pressure Vessels Market, By Application
7. Global Filament Winding Machine for Pressure Vessels Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Filament Winding Machine for Pressure Vessels Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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