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The objective of the Core Material Kitting Market report is to offer updated information such as the market share, size, trends, emerging markets, earnings, forecasts, and data on leading industry players. This study includes significant and vital information necessary for strategic decision making and have a competitive edge.
In view with the current pandemic analysts at Stratview Research has thoroughly analyzed and presented the following parameters under the detailed Covid – 19 impact analysis in the Core Material Kitting Market.
Market Insights – The Core Material Kitting Market is projected to grow from USD 6.36 billion in 2022 to USD 8.69 billion by 2028 at a CAGR of over 5.3% during the forecast period.
Few key players operating in the Core Material Kitting Market are-
JSB Group A/S (now a part of Gurit Holding)
Hexcel Corporation
DIAB Group
Gurit Holding AG
3A Composites GmbH
Argosy International Inc.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Core Material Kitting Market value and growth drivers over the trend period of 2019-24. According to the report -
The next five years for the core material kitting market are going to be vigorous with sizeable growth opportunities for the market participants. It is estimated that the global core material kitting market would reach an estimated value of US$ 550.1 million in 2024. Core material kitting is an essential part of composite sandwich construction. The kitting of core materials can be performed by part fabricators in-house as well as outsourced to independent kitting solution providers or core material suppliers that are also offering kitting services. Several factors bolstering the demand for core material kitting are organic growth of major composite-driven markets coupled with increased penetration of composite materials, increasing demand for lightweight core materials, and excellent benefits of core materials kitting.
Segment Analysis:
Based on Core Material Type:
Based on the core material type, the market is segmented as foam, honeycomb, and balsa. Foam core is further bifurcated into PVC, PET, and others. Similarly, honeycomb core is bifurcated into nomex honeycomb, aluminum honeycomb, and others. Foam core is expected to remain the largest segment of the market during the forecast period. Foam core is widely used in wind energy and marine composite parts, owing to its low specific weight and high mechanical rigidity and stiffness. Honeycomb core is expected to witness the highest growth during the same period, driven by its extensive usage in the aerospace & defense industry.
Based on Region:
In terms of regions, North America is expected to remain the largest market for core material kitting during the forecast period. The USA is the growth engine of the region’s market with the presence of major OEMs, tier players, core material suppliers, and kitting service providers. Some of the major markets including marine, aerospace & defense, and construction are dominated by the region.
Asia-Pacific is expected to experience the highest growth in the market during the forecast period. The highest growth of Asia-Pacific is mainly attributable to the consequential growth in wind turbine installation coupled with regional expansion of major core material suppliers in the region; growing penetration of composites in the transportation industry; opening of assembly plants of Boeing and Airbus for B737, A320, and A330 aircraft programs; upcoming indigenous aircraft program such as C919 and CR929; and expanding construction sector.
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Critical Questions Answered in the Report
l What are the key trends in the global Core Material Kitting Market?
l How the Core Material Kitting Market (and its various sub-segments) has grown in the last five years?
l What would be the growth driver and growth rate in next five years?
l What is the impact of COVID-19 on the Core Material Kitting Market?
l What are the key strategies adopted by the major vendors to lead in the Core Material Kitting Market?
l What is the market share of the key players?
Target Audience
The following is a list of the customers that the Core Material Kitting Market aims to convert the most:
l Manufacturing Organizations
l Distributors & Suppliers
l Potential Investors
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