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Global Transportation Composites Market By Transportation Type (Airways, Roadways, others), By Fiber (Glass, Carbon, Others), By Application (Interior, Exterior, Others), By Region–Forecast & Opportunities to 2026

Report Description

The global transportation composites market accounted for a value of USD 39.8 billion in 2019. Transportation composites market projected to register growth at a CAGR of 7.5% during forecast period.

COVID-19 has impacted transportation composites market negatively. The demand for this product has been declined due to virus outbreak across the world. The manufacturing activities have been halted and the supply chain got disrupted. The transportation of raw material and finished products got disrupted due to travel restrictions within the country. The travel was reduced significantly as flights, buses and trains services has been suspended in major countries around the world due to which there is a decline in transportation industry. There is a significant decline in requirement of transportation composites material due to corona virus.

Definition:

A composites material is made up of two or more constituent materials having different physical and chemical properties. When the two or more constituents are combined together they produce a material with different characteristics from individual material. This material is stronger, lighter and less expensive. These materials are largely preferred by transportation section in interiors and exteriors of aircraft, passenger vehicles, LCVs and HCVs etc.

Market Dynamics (Drivers/Opportunities):

The composites materials are largely adopted in various industries due to their properties such as flexibility, strength and lower weight. This is likely to drive growth in transportation composites market during forecast period.

These materials possess high tensile strength and lower weight which gives better fuel efficiency. This material complies with all the environmental rules and regulations set up government and governments across various regions promoting this materials. This drives growth in transportation composites during forecast period.

Market Insights, by Transportation Type

On the basis of transportation type, the transportation composites market is segmented into airways, roadways, waterways and railways. Airways segment is estimated to hold largest market share during forecast period. Airways segment consumes transportation composites at large scale due to lower weight and strength and various other properties. This composite also helps in improving fuel efficiency. The airways have a higher use of these composites as compared to others. Due to larger use of such materials it is likely to dominate the market during forecast period.

Market Insights, by Fiber

On the basis of fiber, the transportation composites market is segmented into glass, carbon, natural and others. Glass fiber segment is estimated to register largest market share during forecast period.  The glass fiber composites are widely adopted in various sectors such as automotive etc. depending on type it can be classified into filament diameter, sizing chemistry and others. They are used for manufacturing S-glass and E-glass. They are used in powertrain, exterior and interior applications of automobiles. This is likely to drive growth in glass fiber segment during forecast period.

Market Insights, by Application

On the basis of application, the transportation composites market is segmented into interior, exterior and others. The interior application is estimated to hold largest market share during forecast period. The properties of transportation composites such as strength, durability, flexibility and resistance to moisture, heat and temperature and low weight are more prefer for interior application in automobiles and aircrafts. The demand for this composites material is increasing rapidly around the globe due its low weight and environmental friendly nature. This is likely to drive growth in interior application during forecast period.

Regional Insights

North America region is estimated to hold the largest market share during forecast period. The demand for transportation composites are rising immensely in this region. The growth in transportation sector leads to growth in these composites due to their various beneficial properties across automotive domain. The replacement of old materials in aircraft segment is likely to drive growth opportunities in this region during forecast period.

Key Companies & Market Share Insights

The key market players in transportation composites market are Boeing, Hexcel Corporation, Toray Industries, Teijin Ltd., Solvay, Mitsubishi Chemical Holding Corp., Jushi Group, Gurit Holdings AG, SGL Group, Owens Corning, Royal DSM, Lee Aerospace, Norco Composites & GRP, Bombardier, Feadship and Lockheed Martin.

Segments Covered in the Report

This report forecasts The Global Transportation Composites Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global transportation composites market report on the basis of type, fiber, and application.

Transportation Composites Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  3. Executive Summary
    • Market Snapshot
  4. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Transportation Composites Market, By Transportation Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Airways
  • Roadways
  • Waterways
  • Railways
  1. Transportation Composites Market, By Fiber, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Glass Fiber
  • Carbon Fiber
  • Natural Fiber
  • Others
  1. Transportation Composites Market, By Application, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Interior
  • Exterior
  • Others
  1. Transportation Composites Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Transportation Type
    • By Fiber
    • By End-User
    • By Country
      • USA
        • By End-User
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Transportation Type
      • By Fiber
      • By End-User
      • By Country
        • Brazil
          • By End-User
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Transportation Type
        • By Fiber
        • By End-User
        • By Country
          • UK
            • By End-User
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Transportation Type
          • By Fiber
          • By End-User
          • By Country
            • China
              • By End-User
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Transportation Type
            • By Fiber
            • By End-User
            • By Country
              • Saudi Arabia
                • By End-User
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Lockheed Martin
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Boeing
    • Hexcel Corporation
    • Toray Industries
    • Teijin Ltd.
    • Solvay
    • Mitsubishi Chemical Holding Corp.
    • Jushi Group
    • Gurit Holdings AG
    • SGL Group
    • Owens Corning
    • Royal DSM
    • Lee Aerospace
    • Norco Composites & GRP
    • Bombardier
    • Feadship
  2. Appendix
    • Interrelated Market

 

 

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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