Aircraft Brackets Market Worth US$ 239.9 million in 2023

(I-BusinessNews.Com, January 12, 2019 )
Stratview Research has published a new research report on Aircraft Brackets Market. This extensive 275-page report by Stratview Research analyses the growth of Aircraft Brackets Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023 under the following segments –
● by Aircraft Type (Commercial Aircraft, Regional Aircraft, and Others)
● by Application Type (Fuselage, Wings, and Others)
● by Bracket Type (Class A, B, and C)
● by Material Type (Aluminum Brackets, Steel Brackets, and Others)
● by End-User Type (OE and Aftermarket)
● and by Region (North America, Europe, Asia-Pacific, and RoW)

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Increasing commercial and regional aircraft deliveries

The aircraft brackets market is projected to grow at a healthy rate over the next five years to reach US$ 239.9 million in 2023. Increasing global commercial and regional aircraft deliveries, increasing 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.

North America to remain the largest market

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.

Top market 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. 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.

Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research.

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Ritesh Gandecha
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