Core Material Kitting Market to Reach US$ 550 Million in 2024, Says Stratview Research
DETROIT, Feb. 13, 2019 /PRNewswire/ -- Stratview Research announces the launch of a new research report on Core Material Kitting Market by End-Use Industry Type (Wind Energy, Aerospace & Defense, Marine, Transportation, Construction, and Others), by Core Material Type (Honeycomb Core, Foam Core, and Balsa), by Honeycomb Type (Nomex Honeycomb, Aluminum Honeycomb, and Others), by Foam Type (PVC Foam, PET Foam, and Others), by Process Type (Machining and Manual), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024.
This market report, from Stratview Research, studies the core material kitting market over the trend period of 2013 to 2018 and forecast period of 2019 to 2024. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Core Material Kitting Market: Research Highlights
Composites have an excellent track record in the aerospace, wind, marine, and transportation industries as the material offers numerous benefits over its rivals including high strength-to-weight ratio, excellent corrosion resistance, excellent fatigue strength, and excellent durability at a lesser weight. Composite structures can be fabricated through a wide array of processes/technologies. One of the most widely used processes for part fabrication is sandwich construction. In sandwich construction, a structure is made of three layers: low-density core inserted in between two relatively thin skin layers or laminates. It is used in applications which require extremely high mechanical properties coupled with low weight.
Core material kitting is a process of cutting the core material into desired shapes of components, flattening surfaces, digitizing data, developing the kit, managing the material supply, and organizing the kit, with an aim to save time and money, resulting into more productivity and profitability. Core material kitting offers faster and easier dry layup in molds, with an ease in assembly, exact fit, and minimum wastage. It eliminates on-site shaping and cutting, reducing build times, save labor and material cost, with consistently high quality in less time.
As per Stratview Research, 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. It 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. Key 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.
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Based on the end-use industry, wind energy is expected to remain the largest market for core material kitting during the forecast period. Rising demand for alternative sources of energy has led to an increased focus of various governments and non-government institutions towards the wind energy sector. Increasing wind turbine installation coupled with longer rotor blades has resulted in a greater penetration of sandwich panels constructed with foam and balsa core materials. This factor is acting as the prime driver for the core material kitting market in wind energy.
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. However, honeycomb core is expected to witness the highest growth in the same period, driven by its extensive usage in the growing aerospace & defense industry.
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In terms of region, North America is expected to remain the largest market for core material kitting during the forecast period. 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 same period, 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.
Some of the key players in the core material kitting market are JSB Group A/S (now part of Gurit Holding), Hexcel Corporation, DIAB Group, Gurit Holding AG, 3A Composites GmbH, and Argosy International Inc. Development of highly optimized core material kit, higher involvement of core material manufacturers in kitting services, and execution of mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- 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.
This report studies the core material kitting market and has segmented the market in four ways, keeping in mind the interest of all the stakeholders across the value chain. Following are the four ways in which the market is segmented:
Core Material Kitting Market, By End-User Type
- Wind Energy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Aerospace & Defense (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Marine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Transportation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Core Material Kitting Market, By Core Material Type
- Foam Core Materials
- Regional Analysis (North America, Europe, Asia-Pacific, and RoW)
- Type Analysis (PVC Foam, PET Foam, and Others)
- Honeycomb Core Materials
- Regional Analysis (North America, Europe, Asia-Pacific, and RoW)
- Type Analysis (Nomex Honeycomb, Aluminum Honeycomb, and Others)
- Balsa (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Core Material Kitting Market, By Process Type
- Machining (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Manual (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Core Material Kitting Market, By Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
- Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
Stratview Research has several high value market reports in the composites and advanced materials industry. Please refer to the following link to browse through our reports:
Click Here for Other Reports from Stratview Research in the Advanced Materials Industry
Related premium market reports in the sandwich panel segment are:
Composite Floor Panels Market by End-Use Industry Type (Aircraft, Rail, and Bus), by Core Material Type (Honeycomb Core, Foam Core, and Balsa Core), by End-User Type (OE and Aftermarket), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024.
Aircraft Interior Sandwich Panel Market by Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Regional Aircraft, and General Aviation), by Application Type (Floor Panel, Sidewall Panel, Ceiling Panel, Stowage Bin, Galley, Lavatory, and Others), by Core Material Type (Nomex Honeycomb, Aluminum Honeycomb, and Others), by End-User Type (OE and Aftermarket), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023.
Aircraft Floor Panel Market by Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Regional Aircraft, and General Aviation), by Core Material Type (Nomex Honeycomb, Aluminium Honeycomb, and Others), by End-User Type (OE and Aftermarket), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023.
About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
We have a strong team of industry veterans and analysts with an extensive experience in executing custom research projects for mid-sized to Fortune 500 companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, Go to Market Strategy, and Voice of Customer studies.
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
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