Dublin, September 29, 2021 (GLOBE NEWSWIRE) – The report “Aerospace Bars Market Size, Share, Trend, Forecast, Competitive Analysis and Growth Opportunities: 2021-2026” has been added to ResearchAndMarkets.com offer.
Developing lightweight bars for critical applications, expanding into untapped and growing markets, and executing mergers and acquisitions are the key strategies adopted by major players to gain competitive advantage in the market.
Materials in the aerospace industry are used in a variety of milled shapes, such as sheets, plates, bars and bands, for a wide range of applications. The bars are mainly used in applications such as engines, fasteners, exhaust ducts (for helicopters) and landing gear.
They come in different shapes, sizes and diameters, best suited to the application at hand. The choice of material depends on several parameters, including temperature resistance, lightness, durability, strength, etc. Titanium and alloys, aluminum and alloys, and steel and alloys are the three main materials used by bar manufacturers.
Impact of Covid-19
Until 2019, the aerospace industry was at its peak with endless demand and insatiable orders. But the industry was hit by the 2019 B737 MAX stranding disrupting its value chain. Industry stakeholders expected to move towards their old ways of working smoothly soon; However, in 2020 the pandemic hit the industry hard, causing unimaginable losses.
Over the past two years, the industry seemed to revolve around a vicious cycle of obstacles and downward trajectories leading to massive supply chain disruptions, production shutdowns and delayed orders. The aerospace bars market followed suit and saw a massive -26.9% decline in 2020, creating a 4-5 year lag in the market (unlike our pre-COVID estimates which suggested healthy market growth. , aligning with the market movement at the time).
While the current situation continues to challenge the overall market environment, the long-term outlook still looks bright, well supported by the dynamic nature of the industry and its strong fundamentals. The uprising of Boeing’s B737 MAX in October 2020, the gradual opening of travel restrictions, the rebound in aircraft deliveries and reports from Airbus from the first quarter suggest that the crisis is not yet over but that it is gradually heals.
Boeing reported lower losses in the first quarter of 2021 amid signs of a recovery in commercial aerospace and the company’s defense activities posted strong results. 2021 appears to be a key inflection point for the industry as vaccine distribution continually accelerates, allowing for a robust recovery. The aforementioned are some of the key factors signaling the aerospace rod market take off towards healthy recovery at a favorable rate of 7.5% to reach US $ 2.1 billion in 2026.
The aerospace bars market is gradually consolidating as large companies engage in mergers and acquisitions to quickly acquire the leading position and exploit the growing opportunities in this growing market.
The supply chain of this market includes several nodes, including raw material suppliers, rod manufacturers, component / parts manufacturers, tier players, distributors, aircraft and engine OEMs, companies airlines, aircraft rental companies and MRO companies.
The major players in the aerospace bar market include
- Allegheny Technologies Incorporated
- Arconic inc.
- Carpenter Technology Company
- Constellium SE
- Haynes International Inc.
- Kaiser Aluminum Company
- Sandvik AB
- Titanium Metals Corporation (PCC)
- Welding Voestalpine Bohler
- VSMPO-AVISMA Corporation
- Key players in the aerospace-bars market
Main topics covered:
2. Overview and Segmentation of the Aerospace Bars Market
2.1. Aerospace Bars Market Segmentation
2.2. PEST analysis
2.3. Supply chain analysis
2.4. Industry life cycle analysis
2.5. Market factors
2.6. Market challenges
3. Aerospace Bars Market – The COVID-19 Impact Assessment
3.1. Aerospace Bars Market Trend & Forecast (USD Million)
3.2. Pre-COVID vs Post-COVID Assessment
3.3. Loss of Real GDP Compared to Loss of Aerospace Bars Market (2020-2021)
3.4. Analysis of market scenarios: pessimistic, most probable and optimistic scenarios
3.5. Market segment analysis (millions of US dollars)
3.6. Regional and country level analysis (millions of US dollars)
4. Competitive analysis
4.1. Level of market consolidation
4.2. Regional competitive dynamics
4.3. Market share analysis
4.4. Product portfolio analysis
4.5. Geographical presence
4.6. New product launches
4.7. Strategic alliances
4.8. Porter’s Five Forces Analysis
5. Aerospace Bars Market Trend and Forecast by Platform Type (2015-2026)
5.1. Segment Analysis
5.2. Commercial Aircraft: Regional Trends and Forecasts (USD Million)
5.3. Regional aircraft: regional trends and forecasts (in millions of US dollars)
5.4. General Aviation: Regional Trend and Forecast (USD Million)
5.5. Military aircraft: regional trend and forecast (in millions of US dollars)
5.6. Helicopter: regional trend and forecast (millions of US dollars)
5.7. Spaceship: regional trend and forecast (in millions of US dollars)
5.8. UAV: Regional Trend and Forecast (in US $ millions)
6. Aerospace Bars Market Trend and Forecast by Material Type (2015-2026)
6.1. Segment Analysis
6.2. Titanium and alloys: regional trend and forecast (in millions of US dollars)
6.3. Aluminum and Alloys: Regional Trends and Forecasts (in US $ millions)
6.4. Steel and Alloys: Regional Trends and Forecasts (in US $ millions)
6.5. Others: Regional trend and forecast (in millions of US dollars)
7. Aerospace Bars Market Trend and Forecast by Shape Type (2015-2026)
7.1. Segment Analysis
7.2. Round bars: regional trend and forecast (in millions of US dollars)
7.3. Flat bars: regional trend and forecast (in millions of US dollars)
7.4. Square bars: regional trend and forecast (in millions of US dollars)
7.5. Others: Regional trend and forecast (in millions of US dollars)
8. Aerospace Bars Market Trend and Forecast by Sales Channel Type (2015-2026)
8.1. Segment Analysis
8.2. Direct sales: regional trends and forecasts (in millions of US dollars)
8.3. Distributor Sales: Regional Trends and Forecasts (USD Million)
9. Aerospace Bars Market Trend and Forecast by Region (2015-2026)
10. Opportunities for strategic growth
10.1. Market attractiveness analysis
10.2. Emerging trends
10.3. Growth matrix analysis
10.4. Strategic implications
10.5. Key Success Factors (KSF)
11. Company profile of key players
For more information on this report, visit https://www.researchandmarkets.com/r/dmmkv1