Aircraft Brackets Market is Likely to reach US$ 253.4 million in the coming years

Stratview Research has launched a new research report on Aircraft Brackets Market. Published on Mar, 2019, this 275-page report segments the market in following ways to provide a 360-degree holistic view.
The forecast of the market size has been segmented by –
● 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

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

The objective of this report is to identify the Trend, Forecast, Competitive Analysis, and Growth Opportunity of Aircraft Brackets market.
Years considered for this report –
 base year 2019
 trend period 2013 – 2018
 forecast period 2019 – 2024
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Increasing commercial and regional aircraft deliveries

The global 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.

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.

Commercial aircraft to remain the most dominant and fastest-growing segment

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 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.

Fuselage to remain the most dominant segment

Based on the application type, the market is segmented into fuselage, wings, control surfaces, and others. Fuselage is likely to remain the most dominant segment of the aircraft brackets market during the forecast period. It 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.

Class B brackets to remain the most dominant

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.

Aluminum brackets to remain the most dominant segment

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 an increasing penetration of composite materials in the aerospace industry and a growing acceptance of 3D printed brackets.

OE to remain the most dominant segment

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 an 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 increasing upgrade of existing aircraft fleet and periodic maintenance of active aircraft.

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.

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.

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.

Report Features

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:
 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.

Research Methodology

This report studies the global Aircraft Brackets market, keeping in mind the interest of all the stakeholders across the value chain. The rich quality of insights is outcome of -
 Extensive secondary research,
 Rigorous primary interviews with more than 15 industry stakeholders across the value chain.
 Validation and triangulation of data with Stratview Research’s internal database and statistical tools.
 More than 700 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

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