North America Composite Laminating Machines Market was valued at USD 0.3 Billion in 2022 and is projected to reach USD 0.6 Billion by 2030, growing at a CAGR of 9.5% from 2024 to 2030.
The North American composite laminating machines market is experiencing significant growth, driven by the increasing demand for lightweight and high-strength materials across various industries. These machines are essential for producing composite materials that offer superior mechanical properties and weight reduction capabilities, making them highly sought after in sectors such as aerospace, automotive, construction, marine, and wind energy.
In the aerospace industry, composite laminating machines are utilized to laminate and reinforce composite materials used in aircraft structures, enhancing their strength-to-weight ratio and ensuring durability in extreme conditions. The growing aerospace industry is expected to propel the growth of the industrial laminating machines market going forward. For instance, in January 2023, according to Airbus SE, a Netherlands-based aerospace corporation, the company delivered 661 commercial aircraft to 84 customers in 2022, representing an increase of 8% from the 611 units sold in 2021. Therefore, the growing aerospace industry is driving the growth of the industrial laminating machines market. citeturn0search1
In the automotive sector, manufacturers are increasingly opting for composite materials to reduce vehicle weight and improve fuel efficiency. Composite laminating machines enable precise control over the lamination process, ensuring uniformity and strength in the final product. This trend is expected to continue as the automotive industry seeks to meet stringent fuel efficiency standards and consumer demand for lighter vehicles.
The construction industry also benefits from composite laminating machines, as they are used to produce materials that offer enhanced durability and resistance to environmental factors. These materials are ideal for applications such as building facades, roofing, and structural components, where strength and longevity are paramount.
In the marine industry, composite laminating machines are employed to manufacture lightweight and corrosion-resistant materials for boat and shipbuilding. The use of composites in marine applications leads to improved performance and reduced maintenance costs, making them a preferred choice for manufacturers.
The wind energy sector utilizes composite laminating machines to produce blades for wind turbines. The lightweight and high-strength properties of composite materials are crucial for the efficiency and durability of wind turbine blades, contributing to the growth of renewable energy sources.
Overall, the North American composite laminating machines market is poised for continued expansion, driven by the diverse applications and increasing adoption of composite materials across various industries. The demand for lightweight, high-strength materials is expected to remain a key factor influencing market growth in the coming years.
North America Composite Laminating Machines Market
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LT Machines
Vigor Machinery
Suteau-Anver
Accudyne Systems
Simmac
Kitagawa Seiki
Macrodyne
Nikko Materials
GunYang ITT
Brückner Group
Hamer Packaging Technology
Bobst
Hanwha Corporation
Dynachem
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 North America Composite Laminating Machines Market
Aircraft Laminate
Decorative Film
Leather
Other
Based on Types the Market is categorized into Below types that held the largest Composite Laminating Machines market share In 2023.
Automatic Type
Semi-automatic Type
North America (United States, North America 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 North America Composite Laminating Machines 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. North America Composite Laminating Machines Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Composite Laminating Machines Market, By Type
6. North America Composite Laminating Machines Market, By Application
7. North America Composite Laminating Machines Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Composite Laminating Machines Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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