U.S. Composite Repair Market is expected to grow with the CAGR of 5.6% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.
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U.S. composite repair market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.
The major players dealing in the U.S. composite repair market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio.
For instance,
- In February 2019, Hydratight Limited combined business with Enerpac to enhance Tools and Services Offerings. The company combined several brands such as Mirage Machines, Biach, Sweeney, Simplex, Larzep and Equalizer International. This development is expected to help the company to increase its revenue.
- In January 2018, GA Telesis, LLC’s MRO Services signed Long–Term Repair and Overhaul License Agreement and Parts Supply Agreement with Honeywell. GA Telesis, LLC will be providing repairs of over 175 base part number and line replacement unit (LRU) repair items and sourcing over 1,200 material supply line items from Honeywell Aerospace.
Hydratight Limited (A Subsidiary of Actuant Corporation) is dominating the market, followed by Dallas Aeronautical Services, Hong Kong Aircraft Engineering Company Limited, Aircraft Composite, Innovator Industrial Services, GA Telesis, LLC, Advanced Composite Structures Inc., Lufthansa Technik, STORK, West Star Aviation, LLC, Hydratight Limited (A Subsidiary of Actuant Corporation), Comtek Advanced Structures Ltd. (A Subsidiary of Avcorp Industries Inc.), CanWest AeroSpace, AIM ALTITUDE, SATTO, and Hexcel Corporation among others.
Hydratight Limited (As a Subsidiary of Actuant Corporation)
Hydratight Limited (A Subsidiary of Actuant Corporation) headquartered in West Midlands, U.K. which was founded in 1901 as private ownership. The company is engaged in production of innovative products and services for all types of flanges and mechanical connectors. The company have wide service categories such as bolting, hot bolting, machining, leak sealing, hot tapping, mechanical plugging, heat treatment, valve testing, in-line weld testing & isolation, composite repair and plain end hydrostatic testing out of which our focused product category is composite repair. The company has wide global presence across the globe such as Asia-Pacific, Europe, North America, South America and Middle East and Africa.
For instance,
- In September 2019, Hydratight Limited (A Subsidiary of Actuant Corporation) installed Morseal enclosure clamps on the outer diameter of a riser connected to Shell Nelson platform in Nelson field located in 80km North East of Aberdeen and has also done repairs in Shell Nelson. This development helped the company to increase its revenue.
Dallas Aeronautical Services
Dallas Aeronautical Services is headquartered in Texas, U.S. as private ownership. The company is focused on repair overhaul of airframe, sheet metal, metal bonded and composite structures. The company offers wide range of product categories such corporate aviation and commercial aviation under which corporate aviation is market focused category. The company has presence in North America.
For instance,
- In May 2018, Dallas Aeronautical Services announced that they have full and complete overhaul capability for the entire nacelle, from tip to tail, on the Gulfstream GV/550 and Bombardier Global XRS/5000/6000 Series aircrafts. The expansion has helped the company to increase its operational capabilities thereby increasing its revenue.
Hong Kong Aircraft Engineering Company Limited
Hong Kong Aircraft Engineering Company Limited is headquartered in Lantau, Hong Kong founded in 1950 as private ownership. The company is engaged in airframe services, line services, component services, engine services, inventory technical management, fleet technical management, cabin solutions, private jet solutions, freighter conversion, parts manufacturing and technical training.. The company have business segment HAECO Hong Kong, HAECO Americas, HAECO Xiamen, TEXIL and HAESL out of which focused business segment is HAESL. The company have various product categories which are HAECO Hong Kong, HAECO Xiamen, HAECO Americas, HAECO cabin solutions, HAESL, HAECO ITM, HAECO component overhaul, TEXL, HAECO composite services, HAECO landing gear services, STAECO, HAECO Shanghai, SMECO, Goodrich Asia Pacific, Goodrich TAECO, Honeywell TAECO and Dunlop Taikoo under which our focused category is HAECO composite services. The company has wide global presence in Asia-Pacific, Europe, and North America. The company also earn from several subsidies such as Hong Kong Aero Engine Services Limited (Hong Kong), HAECO Americas LLC (U.S.), Jet Engine Solutions LLC (U.S.), Taikoo (Xiamen) Aircraft Engineering Co., Ltd.(China), and Taikoo Engine Services (Xiamen) Limited (China) among others.
For instance,
- In April 2020, Hong Kong Aircraft Engineering Company Limited which includes HAECO Composite Services as a part of groups has included the GE90 Fan Case Repair Capability. This development is expected to help the company to increase its revenue.
