Industria
Aerospace Milled Parts Market is Forecast to Reach US$ 30.7 Billion in 2028, Says Stratview Research
https://www.stratviewresearch.com/Request-Sample/825/aerospace-milled-parts-market.html#form
The global aerospace milled parts market is segmented based on aircraft type, application type, material type, end-user type, and region.
The market is segmented into commercial aircraft, regional aircraft, helicopter, military aircraft, and general aviation. Despite taking a nosedive in 2020, of the market during the forecast period. The return to service of the B737Max, the entry of new programs (C919, B777x, and MC-21), and the expected recovery in the production rates of the A320 and B737 programs are likely to fuel the segment's growth.
The market is segmented into metal airframe, engine, landing gear, and others. Among these application types, the in the market during the forecast period. Some of the major milled engine parts are turbine blisks, turbine blades, fuel nozzles, exhaust ducts and cones, impellers, combustion casings, and fan discs The engine is also expected to witness the fastest growth in the years to come, mainly driven by a handful of engines, such as LEAP, GE9X, GEnx, PW F135, PW1000G, and Rolls-Royce Trent XWB and 7000.
- The market is segmented into aluminum, stainless steel, titanium, and other metals and alloys. Among these material types, in the market during the forecast period, whereas . Key factors for aluminum's dominance are its excellent track record of over eight decades, lower density, anti-corrosive properties, high malleability, and ductility, and being more economical than its competitive materials, such as titanium On the other hand, titanium is gaining preference in the market owing to its various benefits, such as high strength-to-weight ratio, high corrosion and heat resistance, and higher compatibility with composite materials. The market for titanium material is majorly propelled through its increased penetration in next-generation aircraft programs, such as the B787 and A350XWB.
The market is segmented into OE and aftermarket. of the market during the forecast period, whereas . Commercial aircraft (which include narrow-body and wide-body aircraft) account for the majority of the OE sales for aircraft milled parts.
https://www.stratviewresearch.com/Request-Sample/825/aerospace-milled-parts-market.html#form
The report suggests that . This growth is majorly attributed to the following –
- The presence of several aircraft OEMs such as Boeing, Airbus, Lockheed Martin, Bombardier Inc., and Gulfstream Aerospace, as well as the presence of several leading tier players and milled parts manufacturers in the region.
- The USA is likely to remain the leading market, both in, North America and globally, during the forecast period.
On the other hand, . While China accounted for more than two-fifths of the Asia-Pacific market in 2022, India is likely to be the new growth engine of the regional market in the coming five years.
Some of the key drivers listed in the report are given below.
- Increased aircraft production.
- Growing air travel demands.
- Expanding airline fleets.
- The need for aircraft replacement.
sales@stratviewresearch.com
The market is fairly consolidated with the presence of some global and regional players. Stratview Research has identified the following companies as the top market players.
- Spirit AeroSystems, Inc.
- GKN Aerospace
- Collins Aerospace
- Mitsubishi Heavy Industries, Ltd.
- Premium AEROTEC GmbH (Airbus Aerostructures GmbH)
- STELIA Aerospace (Airbus Atlantic)
- Howmet Aerospace Inc.
- Precision Castparts Corp.
- MTU Aero Engines AG
- GE Aerospace.
•
•
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. The reliability and insightfulness of the reports enable the readers take convincing business decisions.
Stratview Research has been helping companies to meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
Are you looking for any specific data customized to your objectives?
sales@stratviewresearch.com
+1-313-307-4176
Logo: https://mma.prnewswire.com/media/660595/Stratview_Research_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/aerospace-milled-parts-market-is-forecast-to-reach-us-30-7-billion-in-2028--says-stratview-research-302021885.html