Global Aircraft Door Market Trends, Growth, Analysis, Research and Forecast To 2024
Latin America will witness significant growth owing to favorable trade policies. Major U.S. airplane manufacturers are focusing on investmenting in Brazil and Mexico owing to presence of superior manufacturing facility. Economic and political instability may affect the business growth in the region.
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Asia Pacific led by India, China, Japan, Australia and South Korea is estimated to witness strong growth during the forecast timeframe. Increasing FDI of the major manufacturers owing to easy raw material availability will support the industry growth. In addition, the region has witnessed rapid growth in air passengers during the past few years.
Aircraft Door Market size is expecting noticeable growth due to increase in demand for new airplanes such as Boeing B 737, B777, B 787, B 767 and Airbus A 320 & A 330. Stringent carbon emission regulations and rising fuel prices are the key factors boosting implementation of light weight composite materials.
International Air Transport Association (IATA) has projected increase in air passenger during the past few years. Growth in regional and international flight frequency will induce immense potential to the aircraft door market size. Manufacturers are developing long term supply agreement owing to superior quality required of the product. High manufacturing & material cost along with fluctuations in raw material availability may hamper the aircraft door market share.
Aircraft door market can be segmented on the basis of aircraft as narrow body, wide-body, large body, regional, business jets & military jets. Narrow body is expected to lead the industry share owing to large passenger carrying capacity up to 300 passengers. Increasing flight frequency owing to growth in air passengers will fuel the business growth.
Aircraft door are high engineering driven component as compared to conventional counterparts offering superior strength to weight ratio. Industry players are adopting new manufacturing techniques to maintain weight to strength ratio of these components. Manufacturers offering affordable light weight products will positively influence the aircraft door penetration. Industry players are adopting advanced manufacturing processes owing to growing usage of composite materials. These materials reduce overall weight compared to metal parts such as cast aluminum and black aluminum composites.
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Based on door, the industry can be segmented as passenger and cargo. Passenger segment is projected to witness rapid growth during the forecast time frame owing to higher number of installation in commercial aviation. In addition, development of new airplanes owing to proliferating product demand will fuel the aircraft door market growth.
Wide body have capacity to accommodate up to 600 passengers, these are mostly used for international flights in long haul distance. Rising number of international passengers will surge demand of global widebody airplane. Increasing defense budget will fuel demand of military jets. Manufacturers are developing products with superior strength sufficing the aircraft door market demand.
Few of the key aircraft door market players include Esterline, Goodrich Corp., Messier-Bugatti-Dowty, Airbus and Boeing. Other notable manufacturers include Gkn Aerospace, Hamilton Sundstrand and Triumph Group Inc. Participants are developing advanced manufacturing techniques focusing on cost and production time reduction. Manufacturers are focusing on improving the regional presence and their net worth. In addition, participants are concentrating on augmenting the production capacity to cater the growing demand.
Aircraft Door Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, Italy, France, Spain, Italy, Russia, Poland, China, India, Japan, Australia, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024
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