Global $915M Aircraft Mounts Market Outlook, 2019-2025 - Development of Aircraft Mounts with 3D Printing Technology Presents Solid Opportunities - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 4, 2019--
The “Aircraft Mounts Market by Application (Vibration/Shock Isolation, Suspension, Engine Mounts), Material (Nickel-based Alloys, Aluminum, Steel Alloys, Polyamide), Mount Type (Interior, Exterior), End Use, Aircraft Type, Region-Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.
The global aircraft mounts market is projected to grow from an estimated $606 million in 2019 to $915 million by 2025, at a CAGR of 7.1%.
Key players in the aircraft mounts market are LORD Corporation (US), GMT Rubber-Metal-Technic Ltd. (UK), Trelleborg AB (Sweden), Cadence Aerospace (US), MAYDAY Manufacturing (US), Shock Tech, Inc. (US), AirLoc Ltd. (US), VMC Group (US), and VibraSystems Inc. (US), among others.
Increasing emphasis to enhance safety and comfort of aircraft is one of major factors expected to drive the growth of the aircraft mounts market
The demand for aircraft mounts is growing with the rise in demand for better flight experience. With the rise in air passenger traffic worldwide, there has been a rise in the demand for enhanced flight experience through in-flight entertainment.
Based on end-use, the replacement segment is projected to lead the aircraft mounts market from 2019 to 2025
Based on the end-use, the replacement segment is projected to lead the aircraft mounts market from 2019 to 2025. The timely maintenance and inspection of aircraft mounts are necessary to ensure the effective functioning of aircraft mounts to avert the chances of engineering equipment getting damaged. This, in turn, is leading to an increased demand for replacement of aircraft mounts.
Based on material, the aluminum alloys segment projected to grow at the highest CAGR during the forecast period
Based on material, the aluminum alloys segment is estimated to grow at the highest CAGR during the forecast period. Aluminum alloys are frequently used in the manufacturing of modern aircraft. The aim of aircraft manufacturers to improve durability and reduce weight increased the demand for aluminum alloys that provide improved combinations of durability, strength, as well as damage tolerance.
North America is estimated to be the largest market for aircraft mounts in 2019
North America is estimated to be the largest market for aircraft mounts in 2019. The aviation industry is one of the profitable industries in North America. Similarly, according to IATA, passenger traffic in North America grew by 6.5% in January 2019 as compared to January 2018. According to Boeing Business Outlook Estimates of 2019, 9,130 deliveries are expected from 2019-2038. These new aircraft deliveries subsequently are expected to drive the demand for aircraft mounts.
(Business Overview, Products Offered, Recent Developments, SWOT Analysis)
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SOURCE: Research and Markets
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PUB: 11/04/2019 10:12 AM/DISC: 11/04/2019 10:12 AM