Aircraft Struts and Rods Market is Forecasted to Reach US$ 2.3 billion in 2029, Says Stratview Research

The global aircraft struts and rods market is projected to witness a growth rate of 6.3% annually from 2024 to 2029, with an anticipated size of US$ 2.3 billion by 2029, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global aircraft struts and rods market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2029: US$ 2.3 billion
Growth (CAGR): 6.3% during 2024-2029
Forecast Period: 2024-2029
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 7
Number of Tables & Graphs: 100+

Segment Insights on the Aircraft Struts and Rods Market:
The global aircraft struts and rods market is segmented based on aircraft type, application type, product type, material type, end-user type, mechanism type, and region.

Based on aircraft type - The aircraft struts and rods market is segmented into narrow-body aircraft, wide-body aircraft, regional aircraft, military aircraft, general aviation, helicopters, and UAVs. Narrow-body and wide-body aircraft are likely to continue as the primary demand generators of struts and rods.
Huge growth is anticipated to be supported by the projected plans of the OEMs to increase production rates of key aircraft programs like the B737, A320 family, B787, and A350XWB; new players entering the market, like COMAC; upcoming variants of the currently best-selling aircraft program the B777X; and rising demand for lightweight, cost-effective, and durable struts and rods.

Based on the product type - The market is segmented into struts and rods. Strut is expected to remain the most preferred product in the market during the forecast period, owing to its wider applications and high cost. Struts are primarily used to distribute loads between two locations and act as shock absorbers for landing gear applications.

Based on the mechanism type - The market is segmented into telescopic struts and rods, fixed struts and rods, and folding struts and rods. It is anticipated that the telescopic mechanism will continue to dominate the market during the forecast period as it can extend with ease and control. Major applications include landing gear, cargo access, engine nacelles, maintenance doors, and access panels.

Based on the material type - The aircraft struts and rods market is segmented into metal struts and rods & composite struts and rods. Metallic struts and rods are projected to maintain their dominance in the market during the forecast period, whereas composite struts and rods are likely to experience the fastest growth during the same period. Composite provides significant weight savings over metal equivalents, typically around 30%-70%. Composite struts offer around a 60% increase in weight-bearing capacity compared to metal struts.

Based on the application type - The market is segmented into landing gear, fuselage, nacelle/engine, and others. The landing gear is anticipated to remain the dominant application in the market during the forecast period. The weight of the entire aircraft can only be supported by the landing gear of the aircraft during take-off, and landing, when the aircraft remains stationary on the ground, struts are made to handle substantial weights and transmit the loads efficiently, ensuring the structural integrity of the aircraft. Also, struts are equipped with shock-absorbing mechanisms to cushion the impact of landing on the ground.

Based on the End-User type - The market is segmented into OE and aftermarket. OE is expected to remain the dominant end-user type in the market during the forecast period, owing to the expected increase in production rates of key aircraft programs led by an expected recovery in air passenger traffic, and the longer life span of struts and rods.

To know the most attractive segments, visit:
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Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America is expected to remain the largest market for aircraft struts and rods during the forecast period. This growth outlook is majorly attributed to the following-
- The USA, the manufacturing hub of the aircraft industry. The region is home to global aerospace giants like Boeing and Airbus.
- Asia-Pacific is anticipated to grow at the fastest pace, led by the rising demand for commercial aircraft from emerging economies like China and India.
- Furthermore, the establishment of assembly plants by Airbus and Boeing in the region is boosting regional demand.
- The increasing development of indigenous aircraft is another factor boosting demand for struts and rods in the region.

Aircraft Struts and Rods Market Drivers:

Some of the key drivers listed in the report are given below.
- An increase in production rates of the key aircraft programs, increasing demand for aircraft cabin upgrades, and advancements in the aircraft industry, such as the integration of several aircraft components, technological advancements, and increasing penetration of composite content in the aircraft.

Top Companies in the Aircraft Struts and Rods Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• Albany International
• Collins Aerospace
• Groupe Latécoère
• Heroux-Devtek Inc.
• Liebherr
• Precision Castparts Corp.
• Safran S.A.
• Spirit AeroSystems, Inc.
• TransDigm Group
• Triumph Group, Inc.

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Aircraft Struts and Rods Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.