Outlook on the Tooling Market for the Global Composites Industry to 2025 - Impact Analysis of COVID-19 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Tooling Market for the Composites Industry by Material Type, End-use Industry Type, Usage Type, and Region - Trends, Forecast, Competitive Analysis, and Growth Opportunity: 2020-2025" report has been added to ResearchAndMarkets.com's offering.

This strategic assessment report provides a comprehensive analysis that reflects today's tooling market realities and future possibilities for the composites industry for the forecast period of 2020 to 2025.

The report estimates the short- as well as long-term repercussions of the COVID-19 pandemic on the demand for tooling market for the composites industry at the global, regional, as well as country level. Also, the report provides the possible loss that the industry will register by comparing pre-COVID and post-COVID scenario. The vital data/information provided in the report can play a crucial role for market participants as well as investors in formulating short-term as well as long-term growth strategies.

The tooling market consecutively registered growth over the past five years in all the major markets except the transportation industry, the latter one is largely impacted by the USA-China trade war in 2019. Earlier, the industry stakeholders were estimating the year 2020 to be another impressive year for the tooling market participants. However, the pandemic flipped the entire market dynamics.

The pandemic devastated the market health and rang in the death knell by disrupting the supply chain including delays in B737 MAX approval, reduction in production rates of Boeing and Airbus, a huge dip in automotive production, hampered wind turbine blade production, and halted construction activities. The marine industry is projected to be among one of the worst-affected industries due to the pandemic. Aerospace & defense and transportation are the other two major markets that also record a huge plunge in demand in 2020. Years of excellent track record assisted tooling to earn a unique position in the composites industry but could not escape itself from such changing market dynamics and is anticipated to experience a huge decline in 2020, taking the market to below its 2014-level.

However, the impact of the pandemic proves to be transitory with demand is anticipated to quickly rebound from 2021 onwards and ultimately drive the market to reach US$ 1.2 billion in 2025. An expected recovery in the GDP across regions, expected increase in aircraft production, B737's approval from FAA and other bodies, expected entries of COMAC and Irkut, increasing number of wind turbine installations, and resumption of construction activities, assist the fast recovery of the tooling market for the composites industry.

Companies Mentioned

• AIP Aerospace
• Airtech Advanced Materials Group
• Formaplex Ltd.
• Gurit Holding AG
• Hexcel Corporation
• Janicki Industries, Inc.
• Kaman Corporation (Kaman AeroSystems)
• Toray Industries Inc.
• Solvay S.A.
• TPI Composites, Inc.

The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter's five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trends and forecast
• Competitive landscape and dynamics: Market share, Product portfolio, New product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Key Topics Covered:

1. Executive Summary

2. Tooling Market for the Composites Industry: Overview and Segmentation

3. Tooling Market for the Composites Industry: The COVID-19 Impact Assessment

3.1. Analyst Insights

3.2. Tooling Market Trend and Forecast for the Composites Industry (US$ Million and Million Lbs.)

3.3. Pre-COVID vs Post-COVID Assessment

3.4. The Pandemic: Real GDP Loss vs Tooling Market Loss (2020-2021)

3.5. Tooling Market Scenario Analysis: Pessimistic, Most Likely, and Optimistic

3.6. Market Segments' Analysis (US$ Million and Million Lbs.)

3.7. Regional and Country-Level Analysis (US$ Million and Million Lbs.)

3.8. Market Drivers

3.9. Market Challenges

4. Competitive Analysis

4.1. Analyst Insights

4.2. Product Portfolio Analysis

4.3. Geographical Presence

4.4. New Product Launches

4.5. Strategic Alliances

4.6. Market Share Analysis

4.7. Porter's Five Forces Analysis

5. Tooling Market Trend and Forecast for the Composites Industry by Material Type (2014-2025)

6. Tooling Market Trend and Forecast for the Composites Industry by End-Use Industry Type (2014-2025)

7. Tooling Market Trend and Forecast for the Composites Industry by Usage Type (2014-2025)

8. Tooling Market Trend and Forecast for the Composites Industry by Region (2014-2025)

8.1. Analyst Insights

8.2. North American Tooling Market for the Composites Industry: Country Analysis

8.3. European Tooling Market for the Composites Industry: Country Analysis

8.4. Asia-Pacific's Tooling Market for the Composites Industry: Country Analysis

8.5. Rest of the World's (RoW) Tooling Market for the Composites Industry: Sub-Region Analysis

9. Strategic Growth Opportunities

10. Company Profile of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/18ilzg