The global composites tube market is projected to reach $558.7 million by 2028, at a CAGR of 6.1% during 2022-2028. The growth of composites tube market is driven by lower lifecycle cost compared to competing materials, such as steel, wood, and concrete and increasing demand for lightweight composite structures.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the composites tube market by end use (transportation, electrical, sports and leisure, telecommunication, industrial, robotics and automation, and others), fiber type (carbon fiber, glass fiber, and hybrid), manufacturing process (pultrusion/ pullwinding, filament winding, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the composites tube market?
Q.4 What are some changing demands of customers in the composites tube market?
Q.5 What are the new developments in the composites tube market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this composites tube area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this composites tube market?
Emerging trends, which have a direct impact on the dynamics of the industry, include development of high performance carbon fiber tube by discontinuous fiber and green technology products.
Based on end use, the composites tube market is segmented into transportation, electrical, sports and leisure, telecommunication, industrial, robotics and automation, and others. The sports and leisure segment accounted for the largest share of the market in 2022 and is expected to register the highest CAGR during the forecast period, due to its excellent physical properties, such as high strength & stiffness with low overall weight, excellent fatigue resistance, and dimensional stability.
Asia Pacific is expected to remain the largest region over the forecast period due to due to the rapid industrialization, and urbanization.
Key Players in the composites tube market are Exel Composites, Accurate Plastics, Strongwell Corporation, Fibertech Composite, Fibergrate Composite Structures.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
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