PUBLISHER: Lucintel | PRODUCT CODE: 1153967
PUBLISHER: Lucintel | PRODUCT CODE: 1153967
Composite Tube Market Trends and Forecast
The future of the composite tube market looks promising with opportunities in the transportation, electrical, sports & leisure, telecommunication, industrial, robotics & automation market. The global composite tube market is expected to reach an estimated $755.3 million by 2027 with a CAGR of 5.8% from 2021 to 2027. The major drivers for this market is lower lifecycle cost compared to competing materials, such as steel, wood, and concrete and increasing demand for lightweight composite structures.
Emerging Trends in the Composite Tube Market
Emerging trends, which have a direct impact on the dynamics of the industry, include development of high performance carbon fiber tube by discontinuous fiber and green technology products.
A total of 88 figures / charts and 66 tables are provided in this 135-page report to help in your business decisions. Learn the scope of benefits, companies researched, and other details of the composite tube market report.
Composite Tube Market by Segment
Composite Tube Market by End Use [Value ($M) shipment analysis for 2016 - 2027]:
Composite Tube Market by [Value ($M) shipment analysis for 2016 - 2027]:
Composite Tube Market by [Value ($M) shipment analysis for 2016 - 2027]:
Composite Tube Market by Region [Value ($M) shipment analysis for 2016 - 2027]:
List of Composite Tube Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies composite tube companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the composite tube companies profiled in this report includes.
Composite Tube Market Insight
Features of Composite Tube Market
FAQ
Q1. What is the composite tube market size?
Answer: The global composite tube market is expected to reach an estimated $755.3 million by 2027.
Q2. What is the growth forecast for composite tube market?
Answer: The composite tube market is expected to grow at a CAGR of 5.8% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the composite tube market?
Answer: The major drivers for this market is lower lifecycle cost compared to competing materials, such as steel, wood, and concrete and increasing demand for lightweight composite structures.
Q4. What are the major applications or end use industries for composite tube?
Answer: Sports & leisure and industrial use are the major end use for composite tubes.
Q5. What are the emerging trends in composite tube market?
Answer: 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.
Q6. Who are the key composite tube companies?
Answer: Some of the key composite tube companies are as follows:
Q7. Which composite tube product segment will be the largest in future?
Answer: Lucintel forecasts that glass composite tube will remain the largest segment over the forecast period due to its low weight and excellent strength to weight ratio.
Q8 : In composite tube market, which region is expected to be the largest in next 5 years?
Answer: Asia Pacific is expected to remain the largest region over next 5 years.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.