Composite Repairs Market

Market Leaders - Composite Repairs Market

The composite repairs market is projected to reach USD 21.97 Billion by 2026, at a CAGR of 8.0% between 2016 and 2026. Composite repairs are carried out on damaged composite parts of aircraft, wind blades, automotive composite panels, old bridges, boats, and leakages in pipes & tanks. Cost savings associated with composite structure repairs as compared to parts replacement is the major factor driving the composite repairs market. Composite repairs can save up to 60% of the cost as compared to composite parts replacement depending on the end-user industry and severity of the damage

Contracts & agreements were the most preferred strategy among the composite repair service providers to expand their geographic reach and to cater to end users across regions between 2012 and 2016. This strategy accounted for a major share of all the developmental strategies adopted between 2012 and 2016. Some of the major market players catering to various end-use industries are Lufthansa Technik AG (Germany), Air France KLM E&M (France), and HAECO (U.S.), which are the key players providing composite repair services to the aerospace & defense industry. Similarly, for wind energy, UpWind Solution (U.S.), Total Wind Group A/S (Denmark), Technical Wind Services (Scotland) are the key players providing composite repair services. Citadel Technologies (U.S.), Milliken Infrastructure (U.S.), and T.D. Williamson (U.S.) are the key service providers for FRP pipeline repairs. West Systems (U.S.) and WR composites (U.K.) provide repair services for composite boats. Fibrwraps (U.S.) and Concrete Repairs Ltd. (U.K.) provide repair services to the construction industry.

Besides contracts & agreements, new service & technology launches, expansions, and merger & acquisitions were the key strategies adopted by the service providers to enhance their market share and expand their geographical reach.

Lufthansa Technik AG has expanded its customer base in the U.S. in the past few years. In July 2016, Lufthansa Technik AG (Germany) and GE Aviation (U.S.) signed long-term agreements for maintenance and repair services for the GE9X composite fan blades. This addition of a new customer increased the customer base of Lufthansa Technik AG in North America. In July 2014, Middle River Aircraft Systems (U.S.) and Lufthansa Technik (Germany) signed an agreement according to which, Lufthansa Technik became the authorized service provider for thrust reverser and GEnX-2B Nacelle to Middle River Aircraft Systems.

In addition, Lufthansa Technik AG is also strengthening its position in other regions such as the Middle East, North America, and Asia-Pacific. The company built an airframe component repair shop in Dubai in February 2016. In 2014, Hawker Pacific Aerospace (U.S.), one of the subsidiaries of Lufthansa, opened its ARC facility in Florida (U.S.). The company also increased its workshop and warehouse capacity to 27,000 square meters in China.

Related Reports:

Composite Repairs Market by Type (Structural, Semi-Structural, Cosmetic), Process (Hand Lay-Up, Vacuum Infusion, Autoclave), End-Use Industry (Aerospace & Defense, Wind Energy, Automotive & Transportation), and Region - Global Forecast to 2026

Mr. Rohan
Markets and Markets 
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Composite Repairs Market Size,  Share & Growth Report
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CH 4906
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