Get In Touch

Composite Tubes Market: Introduction

  • The global composites tubes market is anticipated to expand rapidly during the period, due to the rising demand for these tubes in lightweight and corrosion resistance structures in industrial, robotics, and automation industries
  • Composites tubes are used in various applications, owing to their excellent physical properties, which include high strength & stiffness with low overall weight, excellent fatigue resistance, and dimensional stability
  • Composite tubes are increasingly replacing traditional materials such as aluminum, steel, and, titanium due to their long-life, corrosion & weather resistance, strength & stiffness, insulation properties (of fiberglass), and warm & smooth surface finish

Key Drivers of Global Composite Tubes Market

  • The composite tubes market is largely driven by glass fiber composite tubes, which are made of fine fibers of glass. Glass fiber composite tubes are strong and lightweight. They possess lower stiffness than carbon fiber composite tubes. Weight and bulk strength of glass fiber composite tubes are favorable to metals. As a result, these tubes are widely used in various industries such as electrical & electronics, robotics & automation, sports & leisure, and transportation.
  • Composites tubes are widely used in the transportation sector, owing to their high strength-to-weight ratio and light weight. Enactment of environmental regulations regarding emission standards, specifically in North America, Europe, and China, is the major factor for the introduction of more lightweight and fuel-efficient composites in the transportation sector. This is estimated to drive the global composite tubes market during the forecast period.

Are you a start-up willing to make it big in the business? Grab an exclusive PDF sample of this report

Glass Fiber Tubes Filler Type Segment to Offer Lucrative Opportunities

  • In terms of application, the glass fiber tubes filler type segment accounted for major share of the global composite tubes market in 2018. Demand for glass fiber tubes is high, as they are low cost and have superior physical & mechanical properties such as strength, durability, flexibility, stability, and lightweight. Glass fiber composite tubes are used commonly in wind energy, electrical & electronics, and construction sectors.
  • Carbon fiber tubes is anticipated to be a rapidly growing segment of the market during the forecast period. Carbon fiber tubes are made up of carbon atoms that are bounded together in crystals aligned parallel to the fiber. Carbon fiber tubes are low in weight and possess high thermal expansion, high stiffness, temperature tolerance, and high chemical resistance. Thus, they are increasingly employed in industrial and other applications.

Asia Pacific to Hold Major Share of Global Composite Tubes Market

  • Asia Pacific constituted major share of the global composite tubes market in 2018. The market in the region is projected to remain highly lucrative during the forecast period, due to rapid industrialization and rise in demand for composite tubes in the transportation sector in the region.
  • Demand for composite tubes in North America is majorly driven by the growth of aerospace & defense, electrical & electronics, and automotive industries. The U.S. is a key manufacturer of commercial aircraft in North America.
  • The composite tubes market in Europe is projected to expand at a moderate pace during the forecast period. Demand for composite tubes in the region is likely to rise in the next few years, due to the increase in the usage of tubes in electrical & electronics and transportation sectors in the region.
  • Demand for composite tubes in Middle East & Africa and Latin America is estimated to rise significantly in the near future. In terms of demand, these regions accounted for low share of the global composite tubes market in 2018. However, these regions are likely to create lucrative opportunities for the composite tubes market during the forecast period.

Expanding operations in future? To get the perfect launch ask for a custom report

Key Players in Global Market

Key players operating in the global composites tubes market include:

  • Exel Composites Plc
  • Accurate Plastics, Inc.
  • Strongwell Corporation
  • Fiber Tech Composite Private Limited
  • Fibergrate Composite Structure, Inc.
  • Containment Solutions
  • Glasforms
  • Foshan Zhihui Junzhang Advanced Composite Technology
  • Rock West Composites

Global Composite Tubes Market: Research Scope

Global Composite Tubes Market, by Type

  • Round Profile
  • Telescopic
  • Conical

Global Composite Tubes Market, by Process Type

  • Pull Winding
  • Filament Winding
  • Others

Global Composite Tubes Market, by Filler Type    

  • Carbon Fiber Tubes
  • Glass Fiber Tubes
  • Hybrid Tubes

Global Composite Tubes Market, by End-use Industry   

  • Industrial
  • Electrical
  • Robotics & Automation
  • Sports & Leisure
  • Transportation
  • Others

Global Composite Tubes Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.


Composite Tubes Market

Pre Book