Global Aerospace Parts Manufacturing Market 2022-2030: Rising Passenger and Cargo Traffic and Rising Aircraft Fleet Replacement Rate


Dublin, 21 Feb. 2022 (GLOBE NEWSWIRE) — The “Aerospace Parts Manufacturing Market Size, Share, and Trend Analysis by Product, End-Use, Region, and Segment Forecast 2022-2030” report has been added to from ResearchAndMarkets.com offer.

The global aerospace parts manufacturing market size is expected to reach USD 1,233.2 billion by 2030, registering a CAGR of 4.0%. Rising passenger and cargo traffic in emerging economies is driving the demand for next-generation aircraft, which in turn is expected to drive the market growth.

The majority of aircraft manufacturers are integrated throughout the value chain and are very active in the parts manufacturing process. These companies have in-house production facilities as well as supplier contracts for the supply of these parts. Manufacturers are also involved in the sourcing of raw materials and the design and quality control of parts offered by third-party suppliers.

The aerospace parts manufacturing market is mainly concentrated in North America and Europe, due to the presence of large aircraft manufacturers. China and India are expected to become major markets in the coming years due to the rapid growth of aircraft parts manufacturing and exporting business. Global trade in components and sub-assemblies has increased by around 25% over the past decade. However, the sector still remains consolidated with the top 3 countries, including the United States, Germany and France, accounting for over 60% of total aircraft manufacturing.

The market has observed a trend of collaboration of large companies entering into a joint venture. This helps companies to stay in the highly competitive market in terms of geographical expansion, technological advancements and reduced risk of failure. It also helps companies easily access the market to secure long-term contracts.

Aerospace Parts Manufacturing Market Report Highlights

  • In 2019, aerostructure led the product segment, with 52.2% revenue share due to the high rate of replacement of aluminum with high-cost composites in fuselage and airframe structures
  • The commercial aircraft segment is estimated to grow at the fastest CAGR of 4.6% during the forecast period as significant changes are incorporated into the structure of the aircraft to reduce carbon emissions by replacing the existing parts with lightweight materials.
  • The Asia-Pacific region market was valued at USD 149.6 billion in 2019 and is expected to grow at the highest CAGR owing to the rapid growth in the aviation industry, thereby increasing the growth of MRO services, thereby impacting the market. aerospace parts manufacturing industry on a positive note.
  • The aerospace parts manufacturing market has stringent manufacturing standards, safety regulations, and certifications, which limits the entry of new entrants
  • Emerging players in Asia offering innovative low-cost solutions to end users are expected to challenge established players in North America and Europe, leading to disrupted competition in the market.

Main topics covered:

Chapter 1. Methodology and scope

Chapter 2. Executive Summary

Chapter 3. Market Variables, Trends and Scope
3.1. Market segmentation
3.2. Value chain analysis
3.3. Technology Overview
3.4. Commodity Trends
3.5. Regulatory framework
3.6. Aerospace Parts Trade Statistics, By Key Statistics, 2016 – 2020
3.7. Market dynamics
3.7.1. Drivers
3.7.1.1. Increase in passenger and freight traffic
3.7.1.2. Increased aircraft fleet replacement rate
3.7.2. Constraints
3.7.2.1. Commodity Price Fluctuations
3.7.3. Market threat analysis
3.7.3.1. Political and economic uncertainty in the European Union
3.8. Prioritized key opportunities
3.9. Recommendations on the Philippine Aerospace Parts Manufacturing Industry
3.10. Porter’s Five Forces Analysis
3.11. PESTLE analysis
3.12. Parts Manufacturing and MRO Growth Opportunities
3.13. Analysis of the aerospace industry, by country

Chapter 4. Aerospace Parts Manufacturing Market: Product Estimates and Trend Analysis

Chapter 5. Aerospace Parts Manufacturing Market: End-Use Estimates and Trend Analysis

Chapter 6. Aerospace Parts Manufacturing Market: Regional Estimates and Trend Analysis

Chapter 7. Competitive Landscape

Chapter 8. Business Profiles

  • JAMCO Corporation
  • Intrex Aerospace
  • Rolls Royce plc
  • CAMAR aircraft parts company
  • Safran Group
  • Woodward Hexcel
  • Engineering propulsion system
  • Eaton Corporation plc
  • Aequs
  • GE Aviation
  • textron inc.
  • Raytheon Technologies Corporation
  • MTU Aero Engines AG
  • Superior Aviation Beijing
  • Honeywell International Inc.
  • Mitsubishi Heavy Industries, Ltd.
  • Composite Technology Research Malaysia Sdn. Bhd. (CTRM)
  • Kawasaki Heavy Industries Ltd.
  • IHI Company
  • Subaru Corporation
  • Lufthansa Technik AG
  • Spirit AeroSystems, Inc.
  • Ducommun Incorporated
  • Liebherr International AG
  • Electro-Metall Export GmbH
  • Diehl Aviation
  • Panasonic Avionics Corporation
  • Thales Group
  • Dassault Group
  • Parker Hannifin Corporation
  • Chemetall GmbH
  • Daher Group
  • Triumph Group
  • Cutis-Wright Corporation
  • Airbus group
  • Magellan Aerospace
  • Bridgestone Corporation
  • Teijin Ltd.
  • Toray Industries
  • Sumitomo Precision Products Co. Ltd.
  • Strand Aerospace Malaysia Sdn. Bhd.
  • Harbin Hafei Airbus Composite Manufacturing Center Company
  • Korean aerospace industries
  • Porvair Filtration Group
  • GKN Aerospace
  • Meggitt PLC
  • AVIC Aircraft Corporation Ltd.
  • Main SA
  • TransDigm Group Inc.
  • Cobham COMSAT
  • MtorresDisenosIndustriales SA

For more information about this report visit https://www.researchandmarkets.com/r/6yzkai

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  • Global Aerospace Parts Manufacturing Market

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