Global Aircraft Strut Market, By Aircraft Body Type (Regional Aircraft, Small Body Aircraft, Very Large Body Aircraft, and Wide-Body Aircraft), Operation (Hydraulic and Pneumatic), Position of Aircraft Struts (Front Wheels and Rear Wheels), Type (Bungee Cords, Rigid Aircraft Struts, Shock Struts, and Spring Steel Aircraft Struts), End-Use Customer (Commercial and Military), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights of Aircraft Strut Market
Data Bridge Market Research analyses that the aircraft strut market would exhibit a CAGR of 7.56% for the forecast period of 2022-2029. Growing number of passengers especially in the developing economies, increased focus towards environmental sustainability goals globally, growth and expansion of automotive industry especially in the developing economies and stringent government norms and regulations in regards to the pollution emission rate control parameters are the major factors attributable to the growth of aircraft strut market. Therefore, the aircraft strut market value would rocket up to USD 504.65 million by 2029.
Aircraft struts are the oil hydraulic shock absorbers that are installed over the landing gears. The function of struts is to support the aircraft’s weight and absorb the surface impact to ensure smooth ride. Struts are one of the components that make the entire suspension system in an aircraft.
Growth in the level of investments for research and development activities and flourishing tourism industry will foster in growth in the aircraft strut market value. Rising urbanization in the emerging and advanced economies coupled with rising need of safety and comfort in aircraft for the passengers will also create lucrative growth opportunities for the aircraft strut market. Growth in the manufacturing of military and commercial aviation fleets, surging need for light aircraft with improved light-weighted systems, rising introduction of new materials and technologies used to increase efficiency and rising public expenditure for the development of aviation sector especially in the developing economies will also foster the aircraft strut market growth.
However, lack of technological expertise in the developing and underdeveloped economies will pose a major challenge to the aircraft strut market growth rate. High costs involved with technological innovations and research and development proficiencies and manufacturing challenges faced by original equipment manufacturers organizations will hamper the aircraft strut market growth rate. Further, fluctuations in the prices of raw material and agile supply chain will also restrict the scope of growth for the aircraft strut market.
This global aircraft strut market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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, geographic expansions, technological innovations in the market. To gain more info on aircraft strut market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Aircraft Strut Market Scope and Market Size
The global aircraft strut market is segmented on the basis of aircraft body type, operation, position of aircraft status, type and end-use customer. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of aircraft body type, the aircraft strut market is segmented into regional aircraft, small body aircraft, very large body aircraft, and wide-body aircraft.
- On the basis of operation, the aircraft strut market is bifurcated into hydraulic and pneumatic.
- On the basis of position of aircraft struts, the aircraft strut market is segmented into front wheels and rear wheels.
- On the basis of type, the aircraft strut market is segmented into bungee cords, rigid aircraft struts, shock struts, and spring steel aircraft struts.
- On the basis of end-use customer, the aircraft strut market is segmented into commercial and military.
Global Aircraft Strut Market Country Level Analysis
The global aircraft strut market is analysed and market size insights and trends are provided by country, aircraft body type, operation, position of aircraft status, type and end-use customer as referenced above.
The countries covered in the aircraft strut market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America region dominates the aircraft strut market and will continue to flourish its trend of dominance during the forecast period owing to the increasing demand for commercial aircraft and the presence of some of the leading players operating in the market. Asia-Pacific region will score the highest growth rate owing to the increasing public expenditure for the development of aviation sector, surging focus of the players are focusing on research and development activities to increase their product lines and using technologically advanced systems, subsystems, and other components for manufacturing aircraft struts and growth and expansion of automotive sector.
The country section of the aircraft strut market 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 sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Aircraft Strut Market Share Analysis
The aircraft strut 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 aircraft strut market.
Some of the major players operating in the aircraft strut market are Acorn Welding., Aircraft Spruce., Bansbach easylift GmbH, Birken Manufacturing Company, DANOBATGROUP., Hexagon AB, INFINITY Aerospace., Kistler Instruments India Pvt. Ltd., LeFiell Manufacturing Company, Precision Castparts Corp., ROBART MFG., Sealand Aviation Ltd., Spirit AeroSystems, Inc., SUSPA UK Ltd., William Rowland Limited, PARKER HANNIFIN CORP, Trelleborg AB (publ), GMT Rubber-Metal-Technic Ltd, Cadence Aerospace and Butser Rubber among others.
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