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AFP/ATL Machines Market to reach US$ 294.7 million in 2024

 


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The AFP/ATL Machines Market: Highlights

The AFP/ATL machines market is forecasted to grow at an impressive rate over the next five years to reach an estimated value of US$ 294.7 million in 2024. The growth of AFP/ATL machines is governed by vast factors among which a wide array of benefits offered by these machines over traditional hand layup process coupled with organic growth of the aerospace industry is the prime growth driver. AFP/ATL machines lay prepreg material efficiently at a rate of more than 50 lbs. per hour with improved part quality, which is not possible with the traditional hand layup process. A skilled technician can generally lay prepreg at 2.5 lbs. per hour. These machines are playing a pivotal role in achieving OEMs’ focus on the development of lightweight composite parts with reduced cycle time.

Automotive, wind energy and marine are likely to be new cups of tea for the market participants in coming eons as these industries are increasingly working for the development of manufacturing processes that efficaciously address their pain areas germane to prepreg part manufacturing. Low-cost robotic AFP machine is one such effort made by the machine suppliers that is low cost and speedily lay-up prepreg to meet the industry requirements.

The AFP/ATL machines market is segmented based on the machine type as AFP Machine, ATL Machine, and Hybrid AFP/ATL Machine. AFP machine is expected to remain the dominant machine type in the market over the next five years, owing to the development of low-cost AFP machines and increasing acceptance of these machines in a wide array of industries including automotive and spatial.

Based on the end-user type, the market is segmented as Tier Players, OEMs, and Others. Tier players and OEMs are likely to remain the major procurers of these machines in coming eons. Others mainly include universities and research centers, who generally procure AFP/ATL machines for the research and developments purpose to find an innovative solution for various industries.

Based on the region, North America is expected to remain the largest market during the forecast period. The USA is the growth engine of the region’s market with the presence of all major aircraft OEMs, tier players, and major AFP/ATL machine suppliers. Asia-Pacific is likely to witness the highest growth during the same period, driven by a host of factors including increasing demand for commercial aircraft to support rising passenger traffic, and upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi MRJ).

The supply chain of this market comprises raw material and component suppliers, AFP/ATL machine suppliers, tier players/part fabricators, distributors, OEMs, airlines, aircraft leasing companies, and MRO companies. The key AFP/ATL machine manufacturers are M. Torres Diseños Industriales S. A. U, Electroimpact Inc. , Coriolis Composites technologies SAS, Ingersoll Machine Tools Inc. , Fives, Accudyne System, Inc. , Automated Dynamics, and Mikrosam AD. The development of low-cost robotic AFP machines, close engagement with OEMs for the development of custom machines addressing specific requirements of clients, expansion in untapped and growing markets, and execution of mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.

SOURCE : https://www.stratviewresearch.com/467/afp-atl-machines-market.html

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