Global Filament Winding Machine for Pressure Vessels Market was valued at USD 0.25 Billion in 2022 and is projected to reach USD 0.54 Billion by 2030, growing at a CAGR of 9.7% from 2024 to 2030.
The filament winding machine for pressure vessels market has witnessed remarkable growth in recent years, driven by the increasing demand for lightweight, high-strength materials in various industries such as aerospace, automotive, and energy. These machines are crucial in manufacturing composite pressure vessels, used in applications like gas storage, hydrogen tanks, and pressurized systems in industrial settings. Their ability to produce complex shapes with high precision and strength makes them an essential part of modern manufacturing processes.
Filament winding technology involves winding continuous fibers around a rotating mandrel, creating a cylindrical shape with the precise layer-by-layer application of resin. This technique allows for high-performance composites that are stronger and lighter than traditional materials like steel or aluminum. With increasing pressure to reduce fuel consumption and environmental impacts, industries are increasingly turning to filament wound composite pressure vessels as they offer better performance and energy efficiency.
The demand for filament winding machines has been bolstered by advancements in materials such as carbon fiber and glass fiber, both of which are ideal for creating strong, durable, and lightweight composite pressure vessels. These materials are often used in industries that require high resistance to extreme conditions such as temperature and pressure, including the energy sector and high-performance automotive manufacturing.
As the market grows, there has been a push towards automation and higher production efficiency. Modern filament winding machines are equipped with advanced robotics, improved control systems, and enhanced software capabilities, which allow for greater precision and flexibility in production. The integration of these systems also reduces labor costs and increases throughput, making filament winding machines more accessible to manufacturers of all sizes.
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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, Global, 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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