DUBLIN--(BUSINESS WIRE)--The "Aerospace Parts Manufacturing Market Size, Share & Trends Analysis Report By Product, (Engine, Aircraft Manufacturing), By Application (Commercial, Military, Business), And Segment Forecasts, 2019 - 2025" report has been added to ResearchAndMarkets.com's offering.
The global aerospace parts manufacturing market size is expected to reach USD 1.14 trillion by 2025. The market is anticipated to register a CAGR of 3.8% over the forecast period. Increasing fleet replacement rates are expected to lead to a surge in aircraft production, which is expected to boost the growth.
Rising demand for fleet expansion in emerging economies from Asia Pacific, such as China and India is expected to provide growth opportunities to the Maintenance, Repair and Operations (MRO) service providers. A number of established players are expanding their manufacturing facilities to Asia to cater to the increasing demand from MRO service providers, which is anticipated to boost the regional market growth.
The aerospace manufacturing industry has witnessed an upward trend in the use of additive manufacturing technology, for designing parts with advanced materials and unique geometries. A number of companies adopt the technology owing to its superior designing abilities. Airbus is using it to manufacture over a 1,000 different parts for its A350 aircraft.
Long in-service period of aircrafts creates opportunities for MRO providers to offer maintenance and repair of current fleets, which further contributes to the demand. In addition, airlines planning expansion of their fleets may bring back older aircrafts in service or maintain an extended in-service period, which is expected to drive growth of the aerospace parts manufacturing market.
Further key findings from the report suggest:
- Aircraft manufacturing held the largest market share of 52.9% in 2017, on account of increasing orders of aircraft deliveries coupled with efforts undertaken by manufacturers to clear backlog orders
- The demand for commercial aircraft parts is estimated to be the highest on account of rise in passenger and freight traffic and improved global trade. It is expected to exhibit a CAGR of 4.2% from 2018 to 2025
- The market is concentrated in North America and is estimated to reach USD 515.68 billion by 2025, owing to the presence of major manufacturers such as Boeing, Northrop Grumman, and Lockheed Martin
- The market players compete on the basis of differentiation in production technology, design, product performance, and conformity to customer specifications to increase the market share
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Snapshot
Chapter 3. Market Definitions
3.1. Market Definitions
Chapter 4. Market Variables, Trends and Scope
4.1. Market Segmentation
4.2. Value Chain Analysis
4.2.1. Supplier Outlook
4.2.2. Top Producers
4.3. Technology Overview
4.4. Raw Material Trends
4.4.1. Philippines Raw Material Trends
4.5. Regulatory Framework
4.6. Aerospace Parts Manufacturing Capacity, By Region, By Product, 2010-2015
4.7. Aerospace Parts Trade Statistics, By Key Statistics, 2014 2017
4.8. Market Dynamics
22.214.171.124. Rise in passenger & freight traffic
126.96.36.199. Increase in rate of aircraft fleet replacement
188.8.131.52. Fluctuations in raw material prices
4.8.3. Market Threat Analysis
184.108.40.206. Political and economic uncertainty in European Union
4.9. Key Opportunities Prioritized
4.10. Recommendations on Philippines Aerospace Parts Manufacturing Industry
4.11. Porter's Five Forces Analysis
4.12. PESTLE Analysis
4.13. Parts Manufacturing and MRO Growth Opportunities
4.13.1. Asia Pacific
4.14. Aerospace Industry Analysis, By Country
Chapter 5. Aerospace Parts Manufacturing Market: Product Estimates & Trend Analysis
5.1. Aerospace parts manufacturing market: Product movement analysis, 2017 & 2025
5.3. Aircraft Manufacturing
5.4. Cabin Interiors
5.5. Equipment, System, and Support
5.7. Insulation Components
Chapter 6. Aerospace Parts Manufacturing Market: Aircraft Estimates & Trend Analysis
6.1. Aerospace parts manufacturing market: Application movement analysis, 2017 & 2025
6.2. Commercial Aircraft
6.3. Business Aircraft
6.4. Military Aircraft
6.5. Other Aircraft
Chapter 7. Aerospace Parts Manufacturing Market: Regional Estimates & Trend Analysis
7.1. Regional Movement Analysis & Market Share, 2017 & 2025
7.2. Aerospace parts manufacturing market: Regional movement analysis, 2017 & 2025
7.3. North America
7.5. Asia Pacific
7.6. Central & South America
7.7. Middle East & Africa
Chapter 8. Competitive Landscape
8.1. Company Market Share
8.2. Distribution Landscape
8.3. Competitive Landscape
8.4. Strategy Framework
Chapter 9. Major Companies List
Chapter 10. Company Profiles
10.1. JAMCO Corporation
10.2. Intrex Aerospace
10.3. Rolls Royce PLC
10.4. CAMAR Aircraft Parts Company
10.5. Safran Group
10.6. Woodward Inc.
10.7. Engineered Propulsion System
10.8. Eaton Corporation PLC
10.10. Aero Engineering & Manufacturing Co.
10.11. GE Aviation
10.12. Lycoming Engines
10.13. Pratt & Whitney
10.14. Superior Air Parts Inc.
10.15. MTU Aero Engines AG
10.16. Honeywell International Inc.
10.17. UTC Aerospace Systems
10.18. Composite Technology Research Malaysia Sdn. Bhd. (CTRM)
10.19. Mitsubishi Heavy Industries Ltd.
10.20. Kawasaki Heavy Industries Ltd.
10.21. Subaru Corporation
10.22. IHI Corporation
10.23. Lufthansa Technik AG
10.24. Diel Aviation Holding GmbH
10.25. Elektro-Metall Export GmbH
10.26. Liebherr International AG
10.27. Hexcel Corporation
10.28. DuCommun Incorporated
10.29. Rockwell Collins
10.30. Spirit AeroSystem Inc.
10.31. Panasonic Avionics Corporation
10.32. Zodiac Aerospace
10.33. Thales Group
10.34. Esterline Technologies Corporation
10.35. Dassault Systems
10.36. Parker Hannifin Corporation
10.37. Chemtall GmbH
10.38. Premium Aerotec
10.39. Daher Group
10.40. FACC AG
10.41. Triumph Group
10.42. Cutis-Wright Corporation
10.43. Stelia Aerospace
10.44. Mangellan Aerospace
10.45. Bridgestone Corporation
10.46. Teijin Ltd.
10.47. Toray Industries
10.48. Sumitomo Precision Products Co. Ltd.
10.49. Strand Aerospace Malaysia Sdn. Bhd.
10.50. Chengdu Aircraft Industry Group
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