The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Composite Repairs Market.

It was estimated prior to this unanticipated outbreak that the Composite Repairs Market was expected to grow at a CAGR of 7.2%. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

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Global composite repairs market is segmented based on part type as structural, semi-structural, and non-structural components. Composite repairs for structural components is estimated to remain the largest part type during the forecast period. This segment is also projected to witness high growth in the same period, driven by increasing use of advanced composites in structural applications in the aerospace & defense and automotive industries.

Global composite repairs market is further segmented based on manufacturing process type as hand lay-up, vacuum infusion, prepreg lay-up, and others. Prepreg lay-up process is widely preferred for composite part repairs in most of the industries, such as aerospace & defense, automotive, and building & construction. Increasing penetration of composites in different industries is driving the demand for improved manufacturing process for both part fabrication and repairs.

Global composite repairs market is segmented based on end-use industry as aerospace & defense, wind energy, transportation, building & construction, and others. Increasing penetration of composites in next generation aircraft, such as B787 and A350XWB, is creating a substantial demand for composite repairs. Various standards have been set regarding composite repairs by Commercial Aircraft Composite Repair Committee (CACRC), USA, to ensure quality and safety by the airlines. Wind energy, transportation, marine, and building & construction are also expected to register a healthy growth in the composite repairs market over the next five years.

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North America is projected to remain the largest market for composite repairs during the forecast period of 2017 to 2022. The region is the largest composites market worldwide with the presence of several large to small composites part fabricators for almost all major end-use industries, such as aerospace & defense, automotive, and marine. Asia-Pacific is the fastest growing composite repairs market. China and India are likely to remain the growth engines of the composites market in the Asia-Pacific region and so is the composite repairs market. 

Key Players:

Lufthansa Technik AG; Air France Industries KLM Engineering & Maintenance; Guangzhou Aircraft Maintenance Engineering Co.; GA Telesis Composite Repair Group, LLC; Furmanite; EDF Renewable Energy; and Broadwind Energy are some of the major composite repair players in the market. New product development and collaboration with customers are some of the key strategies adopted by companies to gain a competitive edge in the market.

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Composite Repairs Market analysis report discusses the following heads in great detail:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors 

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