Despite the current situation continues to challenge the overall market environment, the long-term outlook still seems fruitful, well backed by the industry’s buoyant nature and strong fundamentals. The lift of Boeing’s B737 MAX in October 2020, gradual opening up of travel restrictions, rebounding aircraft deliveries, and Airbus’ reports of the first quarter suggest that the crisis is not yet over but gradually healing. Boeing reported lower losses in its first quarter of 2021 amid signs of a recovery in commercial aerospace and the company’s defense business posted strong results. 2021 seems like a key inflection point for the industry as vaccine distribution is continuously accelerating, enabling a robust recovery. The aforementioned are some key factors signaling towards the aerospace bars market’s take off to a healthy recuperation at a propitious rate of 7.5% to reach US$ 2.1 Billion in 2026.
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