HTF MI recently introduced Global Aerospace Parts Manufacturing Market study with 123+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2024-2030). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are JAMCO Corporation (Japan), Intrex Aerospace (United States), CAMAR Aircraft Parts Company (United States), Safran Group (France), Woodward, Inc. (United States), Engineered Propulsion System (United States), Eaton Corporation plc (Ireland), Aequs (India), Aero Engineering & Manufacturing Co. (United States), GE Aviation (United States), Lycoming Engines (United States), Superior Air Parts Inc. (United States), MTU Aero Engines AG (Germany), Honeywell International, Inc. (United States), Collins Aerospace (United States), Others.
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According to HTF Market Intelligence, the Global Aerospace Parts Manufacturing market to witness a CAGR of xx % during forecast period of 2024-2030. The market is segmented by Product Type (Engines, Cabin Interiors, Aerostructure, Equipment, System and Support, Avionics, Insulation Components, Others) by End user (Commercial Aircraft, Business Aircraft, Military Aircraft, Others) and by Geography (North America, South America, Europe, Asia Pacific, MEA).
Definition:
Aerospace Parts includes machining Inconel, jet engine, fan blades, aircraft braking system components, hydraulic fittings or manufacturing mil-spec electrical connectors and electronic aerospace components. Among these parts engine which makes the 20% of total cost is the most significant part that provides thrust. The technological developments in parts to save the energy costs are impelling to replace the aircraft parts. Furthermore the players are looking to expand the operation in Asia to cater the growing demand. According to International Air Transport Association (IATA), Global Maintenance, Repair and Overhaul Market is expected to grow by 4.6% per annum to USD 118 billion by 2027 from USD 75 billion in 2017. Also, the engine segment will contribute 45% to market as compared to 42% in 2017.
Market Trends:
- Manufacturing of Lighter and Stronger Aircrafts
- Development of New Generation and Fuel Efficient Aircraft
Market Drivers:
- Increasing Usage of Business Aircraft
- Growing Demand for Fleet Expansion in Developing Countries
Market Opportunities:
- Rising investments in airlines industry is boosting the market. For instance, in December 2019, France-based Safran Group has planned to invest USD 150 million in a new aircraft engine maintenance, repair and overhaul (MRO) unit in India to cater to its
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The titled segments and sub-section of the market are illuminated below:
In-depth analysis of Aerospace Parts Manufacturing market segments by Types: Engines, Cabin Interiors, Aerostructure, Equipment, System and Support, Avionics, Insulation Components, Others
Detailed analysis of Aerospace Parts Manufacturing market segments by Applications: Commercial Aircraft, Business Aircraft, Military Aircraft, Others
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
- The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
- North America (United States, Mexico & Canada)
- South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
- Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
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Aerospace Parts Manufacturing Market Research Objectives:
– Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
– To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
– To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
– To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
– To deliberately profile the key players and systematically examine their growth strategies.
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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Points Covered in Table of Content of Global Aerospace Parts Manufacturing Market:
Chapter 01 – Aerospace Parts Manufacturing Executive Summary
Chapter 02 – Market Overview
Chapter 03 – Key Success Factors
Chapter 04 – Global Aerospace Parts Manufacturing Market – Pricing Analysis
Chapter 05 – Global Aerospace Parts Manufacturing Market Background or History
Chapter 06 — Global Aerospace Parts Manufacturing Market Segmentation (e.g. Type, Application)
Chapter 07 – Key and Emerging Countries Analysis Worldwide Aerospace Parts Manufacturing Market
Chapter 08 – Global Aerospace Parts Manufacturing Market Structure & worth Analysis
Chapter 09 – Global Aerospace Parts Manufacturing Market Competitive Analysis & Challenges
Chapter 10 – Assumptions and Acronyms
Chapter 11 – Aerospace Parts Manufacturing Market Research Methodology
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