Aircraft Strut Market Report: Trends, Forecast and Competitive Analysis to 2030
Aircraft Strut Trends and Forecast
The future of the global aircraft strut market looks promising with opportunities in the commercial and military markets. The global aircraft strut market is expected to reach an estimated $5.1 billion by 2030 with a CAGR of 6.3% from 2024 to 2030. The major drivers for this market are growing demand for lightweight landing gear system, increasing air passenger traffic, and escalating demand for fuel-efficient aircraft.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Aircraft Strut by Segment
The study includes a forecast for the global aircraft strut by product type, aircraft body type, operation, end use, and region.
Aircraft Strut Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
- Rigid Aircraft Struts
- Spring Steel Aircraft Struts
- Shock Struts
- Bungee Cords
Aircraft Strut Market by Aircraft Body Type [Shipment Analysis by Value from 2018 to 2030]:
- Small Body Aircraft
- Wide Body Aircraft
- Very Large Body Aircraft
- Regional Aircraft
Aircraft Strut Market by Operation [Shipment Analysis by Value from 2018 to 2030]:
Aircraft Strut Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
- Commercial
- Military
- Others
Aircraft Strut Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Aircraft Strut Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies aircraft strut companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the aircraft strut companies profiled in this report include-
- Birken Manufacturing
- Circor Aerospace
- Malabar
- PCC Aerostructures
- Bansbach Easylift
- Crompton Technology Group
- New Brow Aerospace
- wicks aircraft
- Fiber Dynamics
- Robart
Aircraft Strut Market Insights
Lucintel forecasts that rigid aircraft strut is expected to witness the highest growth over the forecast period.
Within this market, commercial is expected to witness the higher growth over the forecast period.
North America is expected to witness highest growth over the forecast period.
Features of the Global Aircraft Strut Market
Market Size Estimates: Aircraft strut market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Aircraft strut market size by various segments, such as by product type, aircraft body type, operation, end use, and region in terms of value ($B).
Regional Analysis: Aircraft strut market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product types, aircraft body types, operations, end uses, and regions for the aircraft strut market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the aircraft strut market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the aircraft strut market size?
Answer: The global aircraft strut market is expected to reach an estimated $5.1 billion by 2030.
Q2. What is the growth forecast for aircraft strut market?
Answer: The global aircraft strut market is expected to grow with a CAGR of 6.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the aircraft strut market?
Answer: The major drivers for this market are growing demand for lightweight landing gear system, increasing air passenger traffic, and escalating demand for fuel-efficient aircraft.
Q4. What are the major segments for aircraft strut market?
Answer: The future of the aircraft strut market looks promising with opportunities in the commercial and military markets.
Q5. Who are the key aircraft strut market companies?
Answer: Some of the key aircraft strut companies are as follows:
- Birken Manufacturing
- Circor Aerospace
- Malabar
- PCC Aerostructures
- Bansbach Easylift
- Crompton Technology Group
- New Brow Aerospace
- wicks aircraft
- Fiber Dynamics
- Robart
Q6. Which aircraft strut market segment will be the largest in future?
Answer: Lucintel forecasts that rigid aircraft strut is expected to witness the highest growth over the forecast period.
Q7. In aircraft strut market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the aircraft strut market by product type (rigid aircraft struts, spring steel aircraft struts, shock struts, and bungee cords), aircraft body type (small body aircraft, wide body aircraft, very large body aircraft, and regional aircraft), operation (hydraulic and pneumatic), end use (commercial, military, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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