Global Aerospace Parts Manufacturing Market, By Product (Engines, Aircraft Manufacturing, Cabin Interiors, Avionics, Insulation Components, Equipment, System and Support), Application (Commercial Aircraft Business Aircraft, Military Aircraft, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Aerospace parts manufacturing market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 4.20% in the forecast period of 2021 to 2028 and is expected to reach USD 1,490.19 billion by 2028. The increase in aircraft production due to the increasing rate of fleet replacement is escalating the aerospace parts manufacturing market.
Large numbers of aircraft manufacturing companies are highly active in the parts manufacturing process and integrated across the value chain. These companies possess in-house production facilities coupled with supplier contracts for the procurement of these parts. The manufacturers also contribute in the process of quality control and designing of the aerospace parts offered by third party suppliers and procurement of raw materials.
The increasing demand for lightweight, fuel-efficient and new-generation aircrafts is one of the major factors driving the growth of aerospace parts manufacturing market. The rise in the rate of aircraft production because of the increase in fleet replacement, technological advancement and growing need of aircrafts designed for specific missions accelerate the market growth. The rise in collaboration activities among major players for the development of aerospace products positively affects the market. Additionally, leading manufacturers expanding their manufacturing facilities to Asia to cater the growing demand from MRO service providers influences the aerospace parts manufacturing market. Furthermore, the long in-service period of aircrafts extend profitable opportunity to the market players in the forecast period of 2021 to 2028.
On the other hand, high capital investment and the fluctuation in raw material prices are factors expected to obstruct the market growth. The declining military expenditure and stringent aviation regulations are projected to challenge the aerospace parts manufacturing market in the forecast period of 2021-2028.
This aerospace parts manufacturing market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on aerospace parts manufacturing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Aerospace Parts Manufacturing Market Scope and Market Size
Aerospace parts manufacturing market is segmented on the basis of product and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product, the aerospace parts manufacturing market is segmented into engines, aircraft manufacturing, cabin interiors, avionics, insulation components and equipment, system and support.
- On the basis of application, the aerospace parts manufacturing market is segmented into commercial aircraft business aircraft, military aircraft and others.
Global Aerospace Parts Manufacturing Market Country Level Analysis
Aerospace parts manufacturing market is analyzed and market size, volume information is provided by country, product and application as referenced above.
The countries covered in the aerospace parts manufacturing market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the aerospace parts manufacturing market due to the growing demand for new-generation aircrafts and the increase in demand for airframe and other aircraft parts by several countries in the region. Asia-Pacific is expected to witness the fastest growth in the forecast period of 2021 to 2028 because of the increase in maintenance, repair and overhaul (MRO) activities in developing nations in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Aerospace Parts Manufacturing Market Share Analysis
Aerospace parts manufacturing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to aerospace parts manufacturing market.
The major players covered in the aerospace parts manufacturing market report are JAMCO Corporation., Intrex Aerospace., Rolls-Royce plc, Camar Aircraft Parts Company, Safran, Woodward, Inc., Eaton., Aequs, Aero Engineering & Mfg. Co., GE, Avco Corporation., Superior Air Parts., MTU Aero Engines AG, Honeywell International Inc, Raytheon Technologies Corporation, CTRM Sdn. Bhd., MITSUBISHI HEAVY INDUSTRIES, LTD., Kawasaki Heavy Industries, Ltd., SUBARU CORPORATION., IHI Corporation, Lufthansa Technik, Diehl Stiftung & Co. KG, EME, GKN Aerospace Services Ltd among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Aerospace Parts Manufacturing Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.