Global Filament Winding Machine Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Filament Winding Machine Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Filament winding is an automated composites manufacturing process in which a mobile placement device wraps continuous fiber reinforcements around the outer surface of a rotating mandrel in a controlled pattern to form hollow structures. Filament winding machines are used to manufacture composite structures such as pressure vessels, pipe lines, gas cylinders, rocket motor casings, helicopter blades and so on.

Market Overview:

The latest research study on the global Filament Winding Machine market finds that the global Filament Winding Machine market reached a value of USD 37.11 million in 2022. It’s expected that the market will achieve USD 61.7 million by 2028, exhibiting a CAGR of 8.84% during the forecast period.

The development of the pressure vessel market brings new opportunities for filament winding machines

Pressure vessels are a rapidly growing market for advanced composites, especially carbon fiber wound composites. Because the use of filament wound composites can reduce weight and improve compressed gas storage efficiency. High-pressure gas receivers are used in self-contained breathing apparatus and provide oxygen and gas storage on aerospace vehicles, with current expanding end markets for storage of liquid propane gas (LPG), compressed natural gas (CNG), renewable natural gas (RNG) and hydrogen Gas (H2).
With the deepening of environmental protection concepts, more and more regions around the world are committed to reducing the impact of climate change by switching from fossil fuels to renewable, emission-reducing fuels (such as CNG, RNG and H2), and achieve the goal of zero emissions by 2050. CNG, RNG and H2 fuel systems are increasingly used in passenger cars, buses, trucks and other vehicles or moving pipelines to supply gas stations or industrial sites. In vehicles, these fuel tanks are key components of reduced or zero-emission powertrains that replace gasoline, diesel and jet fuel. The development of the pressure vessel market will drive the growth of filament winding machines with the implementation of the carbon neutrality target.

Intense market competition

With the economic development of emerging economies China and India, technological progress, and enhancement of manufacturing capacity, the demand for filament winding machines has increased. At first, the core technology and patents of filament winding machines were mastered by leading European and American companies. As Chinese and Indian companies continue to develop technologies, such as HCEC, GW Precision Machinery and CNC Technics, they gradually introduce products that adapt to local needs, and then actively seize emerging markets through relatively low labor and manufacturing costs.

The impact of the epidemic on the industrial chain

First of all, due to the impact of the epidemic, it is difficult for the procurement and transportation of raw materials and equipment to be in place in a timely manner, and upstream enterprises affect the work progress of mid- and downstream enterprises. Secondly, manufacturing companies in the filament winding machine industry are affected to varying degrees, and companies re-examine their investment strategies, especially their productive expansion investment strategies. They will re-formulate production plans based on the current epidemic situation and market supply and demand; the epidemic will have an impact on the cash flow of small and medium-sized enterprises in the industry, which in turn will affect the operating conditions. At the same time, delays in production and delivery due to poor logistics may lead to loss of customers if the customer's delivery time requirements do not meet the contractual requirements.

Region Overview:

In global comparison, a significant portion of the revenue was generated in North America (39.09% in 2022).

Company Overview:

Roth Composite Machinery is one of the major players operating in the Filament Winding Machine market, holding a share of 11.77% in 2023.

Roth Composite Machinery

As a medium-sized, owner-managed company, Roth Composite Machinery GmbH was formed in June 2016 from the merger of the two Roth Industries subsidiaries EHA Composite Machinery from Steffenberg and Schlesinger Maschinenbau from Burgwald.

Engineering Technology Corp.

Engineering Technology Corporation has been a member of the Zoltek® and Toray Group since 2014.
The company, previously known as “ENTEC,” was founded in 1962 as a filament winding machine manufacturer in Salt Lake City (Utah, USA). Engineering Technology Corporation is a global expert in filament winding, composite solutions, and a complete service provider for the filament winding industry. We are proud to deliver more than just machines to the filament winding market. Additional solutions include product consulting, process integration, automation, retrofits and maintenance, design and analysis, prototyping, spare parts, and robust software for filament winding.

Segmentation Overview:

Among different product types, 4-axis Filament Winding Machine segment is anticipated to contribute the largest market share in 2028.

Key Companies in the global Filament Winding Machine market covered in Chapter 3:

GW Precision Machinery
Engineering Technology Corp.
Matrasur Composites
VEM SpA
HCEC
Magnum Venus Products
McClean Anderson
CNC Technics
Roth Composite Machinery

In Chapter 4 and Chapter 14.2, on the basis of types, the Filament Winding Machine market from 2018 to 2029 is primarily split into:

2-axis Filament Winding Machine
3-axis Filament Winding Machine
4-axis Filament Winding Machine
5-axis and 6-axis Filament Winding Machine

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Filament Winding Machine market from 2018 to 2029 covers:

Aerospace & Defense
Automobile industry
Pressure Vessels and Cylinders
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)