DUBLIN--(BUSINESS WIRE)--The "Aircraft Machined Components Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2021-2026" report has been added to ResearchAndMarkets.com's offering.
Machining is an engineering process that is used to obtain the desired shape of the part by various machining processes such as milling, turning, and drilling. The process can also be described as a variety of material removal processes where the cutting tool takes out the undesired metal from the workpiece to build the desired shape of the part. There are two basic types of cutting tools: a single-point tool for turning and boring and a multi-point tool for milling and drilling. Milling and turning are the two major machining operations through which aerospace structural parts are shaped. In the milling process, the cutting tool moves around the workpiece, whereas, in the turning process, the workpiece moves against the cutting tool to obtain the shape.
The COVID-19 has devastated the entire supply chain of the airline business with the massive drop in air travel, not only reducing the airlines' revenue but also enduring an additional cost of maintaining their grounded aircraft fleets. The demand for machined components in the industry more or less acted similarly, witnessed a massive decline of -30.4% in 2020, pushing the market below the 2015-market level.
However, recent industry announcements coupled with the study of recovery trajectories of the previous downturns suggest that the machined components market is expected to commence recovery from 2021, followed by sequential growth in the years to come, ultimately helping the industry stakeholders to cross their pre-pandemic levels by 2024. Overall, the market is set to grow at a lucrative CAGR of 7.8% over the next five years to reach US$ 6.4 Billion in 2026.
Companies Mentioned
- Air Industries Group.
- Gardner Aerospace
- LMI Aerospace, Inc.
- Magellan Aerospace Corp.
- Melrose Industries Plc (GKN Aerospace)
- MinebeaMitsumi, Inc
- Precision Castparts Corp.
- Senior Plc
- Spirit Aerosystems, Inc
- Triumph Group, Inc.
Key Topics Covered:
1. Executive Summary
2. Aircraft Machined Components Market Overview and Segmentation
2.1. Aircraft Machined Components Market Segmentation
2.1.1. By Process Type
2.1.2. By Aircraft Type
2.1.3. By Application Type
2.1.4. By Material Type
2.1.5. By End-User Type
2.1.6. By Region
2.2. Supply Chain Analysis
2.3. PEST Analysis
2.4. Industry Life Cycle Analysis
2.5. Market Drivers
2.6. Market Challenges
3. Aircraft Machined Components Market - The COVID-19 Impact Assessment
3.1. Aircraft Machined Components Market Trend and Forecast (US$ Million)
3.2. Pre-COVID vs Post-COVID Assessment
3.3. Real GDP Loss vs Aircraft Machined Components Market Loss (2020-2021)
3.4. Market Scenario Analysis: Pessimistic, Most Likely, and Optimistic Scenarios
4. Competitive Analysis
4.1. Market Consolidation Level
4.2. Regional Competitive Dynamics
4.3. Market Share Analysis
4.4. Key Information regarding Leading Players
4.5. Product Portfolio Analysis
4.6. Geographical Presence
4.7. Strategic Alliances
4.8. Porter's Five Forces Analysis
5. Aircraft Machined Components Market Trend and Forecast by Process Type (2015-2026)
5.1. Segment's Analysis
5.2. Milled Parts: Regional Trend and Forecast (US$ Million)
5.3. Turned Parts: Regional Trend and Forecast (US$ Million)
5.4. Others: Regional Trend and Forecast (US$ Million)
6. Aircraft Machined Components Market Trend and Forecast by Aircraft Type (2015-2026)
6.1. Segment's Analysis
6.2. Commercial Aircraft: Regional Trend and Forecast (US$ Million)
6.3. Regional Aircraft: Regional Trend and Forecast (US$ Million)
6.4. Helicopter: Regional Trend and Forecast (US$ Million)
6.5. Military Aircraft: Regional Trend and Forecast (US$ Million)
6.6. General Aviation: Regional Trend and Forecast (US$ Million)
7. Aircraft Machined Components Market Trend and Forecast by Application Type (2015-2026)
7.1. Segment's Analysis
7.2. Airframe: Regional Trend and Forecast (US$ Million)
7.3. Engine: Regional Trend and Forecast (US$ Million)
7.4. Interiors: Regional Trend and Forecast (US$ Million)
7.5. Others: Regional Trend and Forecast (US$ Million)
8. Aircraft Machined Components Market Trend and Forecast by Material Type (2015-2026)
8.1. Segment's Analysis
8.2. Aluminum: Regional Trend and Forecast (US$ Million)
8.3. Stainless Steel: Regional Trend and Forecast (US$ Million)
8.4. Titanium: Regional Trend and Forecast (US$ Million)
8.5. Other Metals & Alloys: Regional Trend and Forecast (US$ Million)
9. Aircraft Machined Components Market Trend and Forecast by End-User Type (2015-2026)
9.1. Segment's Analysis
9.2. OE: Regional Trend and Forecast (US$ Million)
9.3. Aftermarket: Regional Trend and Forecast (US$ Million)
10. Aircraft Machined Components Market Trend and Forecast by Region (2015-2026)
11. Strategic Growth Opportunities
12. Company Profile of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/y5f0dp.
