Market Overview:
The global GF and GFRP composites market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for GF and GFRP composites from various end-use industries, such as electronics, packaging, automotive parts, hardware, and others. In addition, the growing awareness about the benefits of using GF and GFRP composites is also contributing to the growth of this market.
Product Definition:
GF composites are made by combining a glass fiber reinforcement with a polymer matrix. This combination produces materials that are strong, stiff, and lightweight. GF composites have many applications in aircraft, automobiles, boats, and other transportation equipment.
Fiber Laser Marking Machine:
Fiber laser marking machine is used to mark the fibers and cables in a high-temperature environment. Fiber laser technology has been gaining popularity as it can be used for cutting, branding, welding and engraving on composites. The fiber laser beam operates at 1064 nm wavelength with a power of 5 mW which is highly concentrated compared to other industrial lasers operating at 635 nm or 830 nm.
CO2 Lasers Laser Marking Machine:
CO2 lasers are used to mark the fibers and resin in GF and GFRP composites. The laser beam is projected on the fiber or resin surface by using a galvanometer mirror. The light then travels through the fiber, reflects off of an internal mirror, and returns to the photodiode where it is amplified several thousand times before it is sent out as a signal for printing.
Application Insights:
The packaging application segment led the global market in 2017. The product is widely used in corrugated cases for electronic devices, which are packed for shipment. It can also be used to apply labels and stickers on various products such as mobile phones, laptops, tablets and cosmetics. In addition, it can be utilized to print graphics and text on various other items such as t-shirts and mugs that are sold through retail stores or online markets.
The electronics segment is expected to grow at a CAGR of XX% from 2018 to 2030 owing to increasing demand for marking of electronic components during production & assembly lines at both domestic level as well as international level distribution channels across the globe.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid growth in several industries, such as electronics, automotive, packaging and others. This can be attributed to increasing demand for consumer electronics with improved features at low costs along with rising investments by key players in this sector.
The growing manufacturing sector coupled with favorable government policies aimed at promoting domestic manufacturing activities is anticipated to augment industry growth over the forecast period. In addition, improving infrastructure facilities across various sectors including healthcare & life sciences; food & beverage; logistics & warehousing; construction; energy & power will drive product demand further.
Europe accounted for a significant share of revenue generated by the global market owing to high acceptance of advanced technologies coupled with increased spending on R&D activities within this region will have a positive impact on industry development during the estimated time span from 2018 to 2030 (see Figure 1).
Growth Factors:
- Increasing demand for lightweight and high-performance materials in automotive and aerospace industries
- Growing popularity of GF/GFRP composites in wind energy sector
- Rising demand for corrosion-resistant and fatigue-resistant GF/GFRP composites from marine industry
- Increasing use of GF/GFRP composites in construction and infrastructure sectors
- Proliferation of advanced manufacturing technologies for producing GF/GFRP composites
Scope Of The Report
Report Attributes
Report Details
Report Title
GF and GFRP Composites Market Research Report
By Type
Fiber Laser Marking Machine, CO2 Lasers Laser Marking Machine, Solid State Lasers Laser Marking Machine
By Application
Electronics, Packaging, Auto Parts, Hardware, Others
By Companies
Han's Laser, Telesis Technologies, Trumpf, Rofin, TYKMA Electrox, Trotec, FOBA, Gravotech, Videojet, Epilog Laser, Schmidt, Eurolaser, Huagong Tec, SIC Marking, Amada Miyachi, Laserstar, Universal Laser Systems, Mecco
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
166
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global GF and GFRP Composites Market Report Segments:
The global GF and GFRP Composites market is segmented on the basis of:
Types
Fiber Laser Marking Machine, CO2 Lasers Laser Marking Machine, Solid State Lasers Laser Marking Machine
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Electronics, Packaging, Auto Parts, Hardware, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Han's Laser
- Telesis Technologies
- Trumpf
- Rofin
- TYKMA Electrox
- Trotec
- FOBA
- Gravotech
- Videojet
- Epilog Laser
- Schmidt
- Eurolaser
- Huagong Tec
- SIC Marking
- Amada Miyachi
- Laserstar
- Universal Laser Systems
- Mecco
Highlights of The GF and GFRP Composites Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fiber Laser Marking Machine
- CO2 Lasers Laser Marking Machine
- Solid State Lasers Laser Marking Machine
- By Application:
- Electronics
- Packaging
- Auto Parts
- Hardware
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the GF and GFRP Composites Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
GF and GFRP composites are a type of composite material that is made up of two or more materials that have been combined to create a stronger, more durable product. GF and GFRP composites can be used in a variety of applications, including aerospace, automotive, construction, energy storage and transportation.
Some of the major players in the gf and gfrp composites market are Han's Laser, Telesis Technologies, Trumpf, Rofin, TYKMA Electrox, Trotec, FOBA, Gravotech, Videojet, Epilog Laser, Schmidt, Eurolaser, Huagong Tec, SIC Marking, Amada Miyachi, Laserstar, Universal Laser Systems, Mecco.
The gf and gfrp composites market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 GF and GFRP Composites Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 GF and GFRP Composites Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 GF and GFRP Composites Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the GF and GFRP Composites Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global GF and GFRP Composites Market Size & Forecast, 2020-2028
4.5.1 GF and GFRP Composites Market Size and Y-o-Y Growth
4.5.2 GF and GFRP Composites Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Fiber Laser Marking Machine
5.2.2 CO2 Lasers Laser Marking Machine
5.2.3 Solid State Lasers Laser Marking Machine
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Electronics
6.2.2 Packaging
6.2.3 Auto Parts
6.2.4 Hardware
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global GF and GFRP Composites Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 GF and GFRP Composites Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Fiber Laser Marking Machine
9.6.2 CO2 Lasers Laser Marking Machine
9.6.3 Solid State Lasers Laser Marking Machine
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Electronics
9.10.2 Packaging
9.10.3 Auto Parts
9.10.4 Hardware
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Fiber Laser Marking Machine
10.6.2 CO2 Lasers Laser Marking Machine
10.6.3 Solid State Lasers Laser Marking Machine
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Electronics
10.10.2 Packaging
10.10.3 Auto Parts
10.10.4 Hardware
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Fiber Laser Marking Machine
11.6.2 CO2 Lasers Laser Marking Machine
11.6.3 Solid State Lasers Laser Marking Machine
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Electronics
11.10.2 Packaging
11.10.3 Auto Parts
11.10.4 Hardware
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Fiber Laser Marking Machine
12.6.2 CO2 Lasers Laser Marking Machine
12.6.3 Solid State Lasers Laser Marking Machine
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Electronics
12.10.2 Packaging
12.10.3 Auto Parts
12.10.4 Hardware
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Fiber Laser Marking Machine
13.6.2 CO2 Lasers Laser Marking Machine
13.6.3 Solid State Lasers Laser Marking Machine
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Electronics
13.10.2 Packaging
13.10.3 Auto Parts
13.10.4 Hardware
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 GF and GFRP Composites Market: Competitive Dashboard
14.2 Global GF and GFRP Composites Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Han's Laser
14.3.2 Telesis Technologies
14.3.3 Trumpf
14.3.4 Rofin
14.3.5 TYKMA Electrox
14.3.6 Trotec
14.3.7 FOBA
14.3.8 Gravotech
14.3.9 Videojet
14.3.10 Epilog Laser
14.3.11 Schmidt
14.3.12 Eurolaser
14.3.13 Huagong Tec
14.3.14 SIC Marking
14.3.15 Amada Miyachi
14.3.16 Laserstar
14.3.17 Universal Laser Systems
14.3.18 Mecco
