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    Aircraft Brackets Market | Covid-19 Impact Analysis

    Aircraft Brackets Market | Covid-19 Impact Analysis

    Aircraft Brackets Market | Covid-19 Impact Analysis
    Report code - SRAD177 Published On : Mar,2019 No. of Pages: 275
    Aircraft Brackets Market Size, Share, Trend, Forecast, & Competitive Analysis: 2019-20 See more...
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    Impact of COVID-19 on Aircraft Brackets Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Aircraft Brackets Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Aircraft Brackets Market Insights

    The global aircraft brackets market is projected to grow at a healthy rate over the next five years to reach US$ 253.4 million in 2024. Increasing global commercial and regional aircraft deliveries, increasing the share of wide-body aircraft in the total commercial aircraft deliveries, rising commercial aircraft fleet size, increasing demand for lightweight brackets, and increasing demand for 3D-printed brackets are the major factors that are burgeoning the demand for brackets in the aircraft industry. North America and Europe are the biggest demand generators with a combined share of more than two-thirds of the total aircraft brackets market.

    Aircraft Brackets Market Forecast

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    Aircraft Brackets Market Share Analysis

    Aircraft Brackets Market

    Aircraft Brackets Market Share by Aircraft Type

    Based on the aircraft type, the market is segmented into commercial aircraft, regional aircraft, general aviation, military aircraft, and helicopter. Commercial aircraft is likely to remain the most dominant and fastest-growing segment of the global aircraft brackets market during the forecast period. Increasing production rates of key programs, such as B737 and A320 family, to support rising passenger traffic; market entry of new players, such as COMAC; and the introduction of the fuel-efficient variants of existing aircraft programs, such as B737 max, A320neo, are the major factors driving the demand for brackets in the commercial aircraft segment.

    Aircraft Brackets Market Share by Application Type

    Based on the application type, the market is segmented into fuselage, wings, control surfaces, and others. The fuselage is likely to remain the most dominant segment of the aircraft brackets market during the forecast period. The fuselage is the biggest application in an aircraft and requires brackets in large quantities. For instance, there are several components and parts, such as airframe assembly, where brackets are used. Control surfaces are likely to be the fastest growing application segment during the same period.

    Aircraft Brackets Market Share by Bracket Type

    Based on the bracket type, the market is segmented into class A, class B, and class C. Class B brackets are likely to remain the most dominant and fastest growing segment of the global aircraft brackets market during the forecast period. Class B brackets are removable and can be attached to class A brackets or directly to the structure. Further, there is also a huge demand for class B brackets at the aftermarket level, owing to the fact that they are replaced during periodic maintenance of aircraft in case of any damage.

    Aircraft Brackets Market Share by Material Type

    Based on the material type, the market is segmented into aluminum, steel, and others. Aluminum brackets are likely to remain the most dominant segment of the global aircraft brackets market during the forecast period, driven by its high compatibility with aluminum parts, its non-ferrous properties, excellent strength-to-weight ratio, and high conductivity.  Other materials which basically include composites and metal-alloys are also expected to witness healthy growth rates over the next five years, owing to increasing penetration of composite materials in the aerospace industry and a growing acceptance of 3D printed brackets.

    Aircraft Brackets Market Share by End-User Type

    Based on the end-user type, the market is segmented into OE and aftermarket. OE sales are likely to remain the most dominant segment of the global aircraft brackets market during the forecast period, driven by increased production of commercial aircraft to meet rising passenger traffic across the globe. Aftermarket sales are expected to be the faster-growing segment during the forecast period, owing to an increasing upgrade of existing aircraft fleet and periodic maintenance of active aircraft.

    Regional Insights

    In terms of regions, North America is projected to remain the largest market for aircraft brackets during the forecast period. The USA is the growth engine of the region’s market and has one of the largest fleets of commercial and military aircraft across the world. Presence of major OEMs, tire players, bracket manufacturers, and raw material suppliers are primarily driving the demand for brackets in the country.

    Asia-Pacific is expected to witness the highest growth in the global aircraft brackets market during the same period, owing to an increasing presence of major aircraft OEMs in the region, market entry of new players, such as COMAC to mitigate the level of dependency on Boeing and Airbus, and increasing commercial aircraft fleet size to meet rising passenger traffic.

    Key Players

    The supply chain of this market comprises raw material suppliers, bracket manufacturers, tier players, aircraft OEMs, airline companies, leasing companies, and MRO companies. The key aircraft bracket manufacturing companies are Triumph Group Inc., Arconic Inc., Premium Aerotec, Precision Castparts Corp., Tri-Mack Plastics Manufacturing Corporation, AIM Aerospace Inc., Daher Socata SAS, Denroy Plastics Ltd., Spirit Aerosystems Inc., and Stroco Manufacturing Inc. The new product development and formation of long-term supply agreements are some of the most common strategies adopted by the major players in order to remain competitive in the market.

     

    Research Methodology

    For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are 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. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

     

    Market Scope & Segmentation

    Research Scope

    Trend & Forecast Period

    2013-2024

    Size in 2024

    US$ 253.4 million

    Regions Covered

    North America, Europe, Asia-Pacific, Rest of the World

    Countries/Subregions Covered

    The USA, Canada, Mexico, Germany, France, the UK, Spain, Russia, China, Japan, India, Latin America, the Middle East and Others

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

     

    The market is segmented in the following ways:

    Aircraft Brackets Market Size, Share & Forecast by Aircraft Type:

    • Commercial Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Regional Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • General Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Helicopter (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Brackets Market Size, Share & Forecast by Application Type:

    • Fuselage (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Wings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Control Surfaces (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Brackets Market Size, Share & Forecast by Bracket Type:

    • Class-A Brackets (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Class-B Brackets (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Class-C Brackets (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Brackets Market Size, Share & Forecast by Material Type:

    • Aluminum Brackets (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Steel Brackets (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Other Brackets (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Brackets Market Size, Share & Forecast by End-User Type:

    • OE (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Brackets Market Size, Share & Forecast by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, the UK, Spain, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: The Middle East, Latin America, and Others)

     

    Report Features

    This report, from Stratview Research, studies the aircraft brackets market over the trend period of 2013 to 2018 and the forecast period of 2019 to 2024. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • 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.

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the component types by application type.

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What are Aircraft Brackets?

    Aircraft Brackets are essentially supported structures that are used to attach two different components while supporting one over the other. In an aircraft, these brackets are used on a wide range of applications, such as landing gears, fuselage airframe assembly, wings assembly, engine mounts, fuel tanks, and electrical wire installations. The aircraft brackets are of three types: Class A, Class B, and Class C, which are attached according to the application structure. For example, class A brackets are usually attached with the primary structures of the aircraft, whereas class B brackets are a kind of removable structure, and class C brackets are attached with the tertiary structures, such as hoses and air conditioning ducts. These brackets basically strengthen the joints of two different parts one over another.

    What will be the size of the Aircraft Brackets Market in the foreseeable years?

    Driven by a number of factors like increasing global commercial and regional aircraft deliveries, the aircraft brackets market is projected to reach an estimated value of US$ 253.4 million in 2024.

    Who are the key players in the Aircraft Brackets Market?

    Triumph Group Inc., Arconic Inc., Premium Aerotec, Precision Castparts Corp., Tri-Mack Plastics Manufacturing Corporation, AIM Aerospace Inc., Daher Socata SAS, Denroy Plastics Ltd., Spirit Aerosystems Inc., and Stroco Manufacturing Inc. are among the key players in the aircraft brackets market.

    Which country/region is expected to witness the highest growth in the Aircraft Brackets Market?

    Asia-Pacific is expected to witness the highest growth in the aircraft brackets market during the forecast period of 2019-2024.

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