Daten aus dem Cache geladen. Aerospace Parts Manufacturing Market Will Grow At Highest Pace...

Aerospace Parts Manufacturing Market Will Grow At Highest Pace Owing To Increased Aircraft Manufacturing

0
1K

The aerospace parts manufacturing market includes firms involved in designing, manufacturing, reworking, repairing, and assembling aircraft parts and auxiliary equipment. Aircraft parts include wings, fuselage, empennage, flight control surfaces, landing gear, and other airframe parts. Auxiliary equipment includes engines, hydraulic and pneumatic systems, electrical systems, cabin environment systems, and auxiliary power units. The aerospace parts manufacturing industry experiences growing demand due to increasing aircraft fleet, modernization and replacement of aging aircraft, rise in air passenger traffic, and defense expenditure.

The Global aerospace parts manufacturing market is estimated to be valued at US$ 918.7 Bn in 2024 and is expected to exhibit a CAGR of 6.4% over the forecast period 2024 to 2031.

Key Takeaways
Key players operating in the Aerospace Parts Manufacturing Market are Airbus Group, Alcoa Corporation, Arconic Corporation, Boeing, Bombardier Inc., Collins Aerospace, Elbit Systems Ltd, Teijin, Lockheed Martin Corporation, Triumph Group, Inc, Safran , JAMCO Corporation, Rolls-Royce plc. These major players account for significant market share and are focusing on expanding their global footprint through new product launches and mergers & acquisitions.

The aerospace parts manufacturing market is driven by growing demand for commercial and military aircraft from emerging economies of Asia Pacific and Middle East. Rising passenger traffic has compelled airlines to purchase new aircraft with modern technologies which is directly increasing the demand for aircraft parts.

Asia Pacific Emerges as Fastest Growing Region
The Asia Pacific region has emerged as the fastest growing market for aerospace parts manufacturing globally. This can be attributed to rising investments by aircraft OEMs and parts suppliers seeking to tap into the growing aviation markets of China and India. Countries such as China, Japan, South Korea are home to well-developed aerospace clusters, offering incentives for foreign companies to establish local manufacturing plants. Rising standards of living have bolstered demand for air travel in the region. Continued government support around infrastructure development, Make in India initiative and growing MRO activities will contribute to Asia Pacific becoming a major manufacturing and aftermarket services hub in future.

Get more insights on Aerospace Parts Manufacturing Market

Căutare
Categorii
Citeste mai mult
Alte
Global Service Delivery Automation Market Report 2023-2031: Growth Trends, Market Size, and Key Players
Global Service Delivery Automation Market Report 2023-2031: Growth Trends, Market Size, and Key...
By Smith Park 2024-12-17 06:23:22 0 63
Alte
The Corporate Liquidity Management Market is driven by rising demand for efficient cash management solutions
Key players operating in the Corporate Liquidity Management Market Size are KABA Group,...
By Ishika Cmi 2024-03-12 10:16:06 0 942
Alte
Textile Recycling Market To Witness Massive Growth
Textile Recycling Industry The global textile recycling market size is expected to reach USD...
By Steve Rey 2024-10-01 09:34:10 0 235
Jocuri
Die besten Strategien für den Kauf von Spielern in EA FC 25: Preisinformationen und Tipps zum optimalen FC 25 Spieler Kaufen
Die besten Strategien für den Kauf von Spielern in EA FC 25 In der aufregenden Welt von EA...
By Minorescu Jone 2025-02-03 17:28:17 0 1
Alte
AI Robots Market 2023 | Present Scenario and Growth Prospects 2030 MRFR
AI Robots Market: Revolutionizing Automation and Human Interaction Introduction: Artificial...
By Divakar Kolhe 2023-06-22 06:32:45 0 2K