What is the future of AFP/ATL Machines Market? Know Covid Impact on Size, Share & Forecasts
June 17, 2020
The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the AFP/ATL Machines Market.
It was estimated prior to this unanticipated outbreak that the AFP/ATL Machines Market will reach an estimated value of US$ 294.7 million in 2024. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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AFP/ATL Machines Market Segment Insights:
By Machine Type:
AFP machine is expected to remain dominant 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 space.
By End-User Type:
Tier players and OEMs are likely to remain the major procurers of these machines in coming years. 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.
By 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).
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Based on the research, a proper report is crafted with the following key features:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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