The Automated Fiber Placements And Automated Tape Laying Machines Market in North America revolves around machines that automatically place fiber reinforcement on mold surfaces or directly place thermoplastic or thermosetting matrix onto tool surfaces in the form of tapes, tows, or ribbons. These machines help produce composite parts with high strength and stiffness and provide advantages such as reduction of labor costs and cycle times along with production automation and repeatability. The need for automated fiber placements and tape laying machines is driven by the aerospace industry's goal to produce lightweight yet sturdy aircraft components.
The Global automated fiber placements and automated tape laying machines Market is estimated to be valued at US$ 355.11 Mn in 2024 and is expected to exhibit a CAGR of 4.1% over the forecast period 2024 to 2030
Key Takeaways
Key players operating in the Automated Fiber Placements And Automated Tape Laying Machines are Callaway Golf Company, Sumitomo Rubber Industries, Nike Inc., Acushnet Holdings, Mizuno Corporation, Taylormade Golf Company Inc., Adidas Group, Bridgestone Corporation, Puma SE, PING, and Anta Sports Products Limited (Amer Sports). These key players focus on strategies such as new product launches, mergers and acquisitions to gain maximum share in the market.
There is a high demand for lightweight and fuel-efficient aircraft components in the aerospace industry. Automated fiber placements and tape laying machines help produce such parts rapidly and precisely. The growing commercial aircraft fleet size is expected to boost opportunities for composite materials and related machinery.
North American manufacturers are expanding globally to cater to rising international demand. For instance, Electroimpact inaugurated a new 46,000 square foot manufacturing facility in Querétaro, Mexico in 2022 to increase tape laying machine production. The growing aerospace manufacturing clusters in Mexico and Canada are likely to drive further regional expansion.
Market drivers
One of the key drivers for the Automated Fiber Placements And Automated Tape Laying Machines Market Size in North America is the high and increasing production of advanced aerospace components in the region. The U.S. is a top manufacturer and exporter of commercial aircraft, helicopters, jets, and other aircraft structures worldwide. This spurs demand for automated fiber placement machines from prominent OEMs like Boeing and Airbus.
Market restraints
Initial investment required for automated fiber placement and tape laying machines is very high as these machines can cost anywhere between US$ 2-5 million each. This high capital expenditure poses a restraint for small aircraft/component manufacturers to adopt such advanced composite production machinery. Technical challenges in programming machines for complex 3D geometries of aircraft structures can also limit the growth of North America's automated fiber placements and tape laying machines market.
Segment Analysis
The Automated Fiber Placements sub segment dominates the Automated Fiber Placements and Automated Tape Laying Machines market currently. AFP machines are preferred over ATL machines as they have the capability to place carbon fibers individually which results in better mechanical properties. AFP machines provide more control over fiber orientation and distribution compared to ATL machines. This advantage leads to better quality composite materials which drives the demand for AFP machines.
Global Analysis:
North America region accounts for the largest share in the Automated Fiber Placements And Automated Tape Laying Machines market and is expected to continue its dominance. The existence of key market players and large number of end use industries in countries like the US and Canada has propelled the demand of AFP and ATL machines in the region. The Asia Pacific region is anticipated to witness the highest growth rate during the forecast period due to increasing investments in wind energy, aerospace and transportation sectors of emerging economies like China and India. These countries are projected to invest heavily on setting up new manufacturing facilities which will require AFP and ATL machines to mass produce composite materials.
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