According to a market report by Lucintel, the future of the global composite tube market transportation, electrical, sports & leisure, telecommunication, industrial, robotics & automation market. The global composite tube market is expected to grow with a CAGR of 3% from 2024 to 2031. The major drivers for this market are lower lifecycle cost compared to competing materials, such as steel, wood, and concrete and increasing demand for lightweight composite structures.
A more than 150-page
report to understand trends, opportunity and forecast in global composite tube
market by end use industry (transportation, electrical, sports and leisure,
telecommunication, industrial, robotics and automation, and other end use
industry), fiber type (carbon fiber tubes, glass fiber tubes, and hybrid
tubes), manufacturing process (pultrusion/ pullwinding, filament winding, and
others), and region (North America, Europe, Asia Pacific, and the Rest of the
World).
Lucintel forecasts that
sports and leisure will remain the largest end use segment over the forecast
period due to its excellent physical properties, such as high strength &
stiffness with low overall weight, excellent fatigue resistance, and
dimensional stability.
Glass composite tube
will remain the largest segment over the forecast period due to its low weight
and excellent strength to weight ratio.
Download sample by clicking composite tube
market.
APAC & ROW is
expected to remain the largest region over the forecast period due to due to
the rapid industrialization, and urbanization.
Exel Composites,
Accurate Plastics, Strongwell Corporation, Fibertech Composite, Fibergrate
Composite Structures are the major suppliers in the composites tube market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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