Aircraft C-Class Parts Market | Global Forecasts 2018-23
This comprehensive report on the c-class parts market for the aerospace & defense industry, from Stratview Research, analyzes the current market realities, trends took place over the past five years, changing competitive landscapes, disruption in technologies, and future market possibilities in order to accurately forecast the market for the period of 2019 to 2024. The principal objectives of the report are to provide detailed insights into the market dynamics, to identify the low-hanging fruits that lie ahead for the market participants to expedite their growth process, and to provide a clear idea about the growth potentials in the un-tapped markets.
The Global Aerospace and Defense C-Class Parts Market: Highlights
The global aerospace & defense c-class parts market offers a healthy growth opportunity over the next five years and will reach an estimated value of US$ 13.6 billion in 2024. Increasing commercial and regional aircraft deliveries, increasing the share of wide-body aircraft in commercial aircraft deliveries, increasing aircraft fleet size, an advancement in technology, and rising demand for lightweight and high corrosion-resistant fasteners are the key factors that are proliferating the demand for c-class parts in the aerospace & defense industry.
C-Class parts in the aerospace & defense industry are low cost and high-volume commodity parts, such as fasteners and bearings. The global aerospace & defense c-class parts market is segmented into four major heads, which are Hardware Parts, Bearing Parts, Electronic Components, and Machined Parts. The hardware parts segment is expected to remain dominant in the global aerospace & defense c-class parts market over the next five years, mainly driven by the demand for fasteners and bolts. Hardware parts majorly consist of fasteners, which are situated across an aircraft body including the fuselage, wings, landing gear fittings, control surfaces, flight control actuating systems, and air-intake areas near the engine.
Based on the aircraft type, commercial aircraft is likely to remain the largest segment of the global aerospace & defense c-class parts market during the forecast period. The aircraft type is also likely to witness the highest growth during the same period. Increasing production rates of key programs, such as B737 and A320 family; market entry of new players, such as COMAC; upcoming aircraft programs or introduction of variants of existing programs, such as B737max and COMAC C919; and rising commercial aircraft fleet are the major factors that are driving the demand for c-class parts in the segment.
North America is expected to remain the leading region in the aerospace & defense c-class parts market during the forecast period. The region is the manufacturing capital of the aerospace & defense industry with the presence of several large- to small-sized OEMs, tier players, distributors, c-class part manufacturers, and airline companies.
The supply chain of this market comprises raw material manufacturers, c-class part manufacturers, distributors, tier players, aerospace OEMs, and airline companies. The key distributors are Wesco Aircraft, Kellstrom industries, and Aviall Services. The key aerospace OEMs are Boeing, Airbus, COMAC, Bombardier, Embraer, ATR, Lockheed Martin, Cessna, and Gulfstream.
The key aerospace & defense c-class part manufacturers are Arconic Corporation, Precision Castparts Corporation, Lisi Aerospace, Amphenol Corporation, Eaton Corporation, Stanley Black & Decker, TriMas Corporation, and RBC Bearings Incorporated. New product development, collaboration with tier players and OEMs, and formation of long-term contracts are the key strategies adopted by the key players to gain a competitive edge in the market.
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 2,000 authenticated secondary sources, such as company’s annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles, have been leveraged to gather the data. More than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts have been executed to obtain both qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
The global aerospace & defense C-Class parts market is segmented into the following categories.
Aerospace & Defense C-Class Parts Market by Aircraft Type:
Aerospace & Defense C-Class Parts Market by Part Type:
Aerospace & Defense C-Class Parts Market by Sales Channel Type
Aerospace & Defense C-Class Parts Market by End-User Type
Aerospace & Defense C-Class Parts Market by Region
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