Aircraft Brackets Market estimated to reach US$ 253.4 million in the forecast period (2019-2024)

The report on the Aircraft Brackets Market has been launched by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2019-2024. The report also offer insights into different market segments and other factors affecting the market.

Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, Aircraft Brackets Market is expected to reach US$ 253.4 million by the forecast period (2019 – 2024).

As per the report, the market is segmented by:
● by Aircraft Type (Commercial Aircraft, Regional Aircraft, and Others) – Commercial aircraft will remain the most dominant and fastest-growing segment of the market.
● by Application Type (Fuselage, Wings, and Others) – Fuselage will remain the most dominant application segment of the market.
● by Bracket Type (Class A, B, and C)- Class B brackets remain the most dominant and fastest growing segment of the market.
● by Material Type (Aluminum Brackets, Steel Brackets, and Others) – Aluminum brackets will remain the most dominant segment of the market.
● by End-User Type (OE and Aftermarket)- OE sales will remain the most dominant segment of the market.
● and by Region (North America, Europe, Asia-Pacific, and RoW) – North America to remain the largest market.

Table Of Contents: https://www.stratviewresearch.com/toc/377/Aircraft-Brackets-Market.html

Highlights of the Report:
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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Key Players of the Market
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.

Features of the Report
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 into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. Here are the key features of the report:
• Strategic Segmentation
• Competitive Analysis
• Strategic Growth Opportunities
• Swot Analysis
• Key Players
• Forecast Analysis & Future Growth

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This release was published on openPR.