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Aircraft Brackets Market Report
Aircraft Brackets Market Size, Share, Trend, Forecast, & Competitive Analysis: 2019-2024
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.
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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.
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.
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.
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.
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.
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.
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Research Scope |
|
|---|---|
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Trend & Forecast Period |
2013-2024 |
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Size in 2024 |
US$ 253.4 million |
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Regions Covered |
North America, Europe, Asia-Pacific, Rest of the World |
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Countries/Subregions Covered |
The USA, Canada, Mexico, Germany, France, the UK, Spain, Russia, China, Japan, India, Latin America, the Middle East and Others |
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Figures & Tables |
>150 |
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Customization |
Up to 10% customization available free of cost |
The Aircraft Brackets Market is segmented in the following ways:
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-
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.
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.
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:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
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 sales@stratviewresearch.com.
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.
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.
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.
Asia-Pacific is expected to witness the highest growth in the aircraft brackets market during the forecast period of 2019-2024.
North America is expected to be the largest aircraft brackets market during the next five years.
Aluminum brackets are expected to remian dominant in the aircraft brackets market in the coming years.
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