Aircraft Milled Parts Market Set to Experience Phenomenal Growth from 2020 to 2025

November 09, 2021

The Aircraft Milled Parts Market study by Company, Regions, Type and Application; offered by Stratview Research discusses the most up-to-date market trends as well as an industry growth estimate for the next 5 years. The report covers industry profiles of key players, including market share, regional analysis, and market division, business & development strategies, mergers & acquisitions, alliances, and key financial data, etc.

The information provided in this report is acquired from several well-grounded primary and secondary sources, such as, white papers, press releases, news, interviews with key players, revenue data sheets, etc.

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Market Insights

According to the report, the Aircraft Milled Parts Market is projected to recover at a healthy rate from 2021 onwards, to reach an estimated value of US$ 4.3 billion in 2025.

Market Segments' Analysis

Aircraft Milled Parts Market Share by Aircraft Type

On the basis of aircraft type, the market is segmented as commercial aircraft, regional aircraft, helicopter, military aircraft, and general aviation. Commercial aircraft is likely to remain the growth engine of the market during the forecast period, mainly driven by an expected increase in commercial aircraft deliveries in the coming years. The short-term outlook of the commercial aircraft market seems struggling to owe to the continuous grounding of the B737 Max, reduction in production rates of A320, A330, and A350 XWB programs and expected delay in the entry of upcoming aircraft programs such as B777X and C919.

Aircraft Milled Parts Market Share by Application Type

Based on the application type, the market is segmented as airframe, engine, interiors, and others. The airframe segment is likely to maintain its dominance in the market during the forecast period because a large number of structural components are still made through the milling process.  The aircraft engine segment is expected to rebound with the highest pace from 2021 onwards, mainly driven by a handful of engines, such as LEAP, GE9X, GEnx, PW F135, PW1000G, and Rolls-Royce Trent XWB and 7000.

Aircraft Milled Parts Market Share by Material Type

Based on the material type, the market is segmented as aluminum, stainless steel, titanium, and other metals & alloys. Aluminum is projected to remain the most dominant material type in the aircraft milled parts market over the next five years, owing to its widespread usage and excellent track record in the aircraft industry. Titanium is estimated to be the fastest-recovering material type in the market in the coming years, mainly propelled by increased penetration of titanium in the next-generation aircraft programs, such as B787 and A350XWB.

Regional Insights

In terms of region, North America is projected to remain the largest market for aircraft milled parts during the forecast period. The USA is expected to rebound quickly and will act as the growth engine of the region’s market, owing to 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 country.

Key Players

The following are the key players in the Aircraft Milled Parts Market-

• Precision Castparts Corp.
• GKN plc
• Spirit AeroSystems, Inc.
• Magellan Aerospace Corp.
• Triumph Group Inc.
• Senior plc
• Minebea Mitsumi, Inc.
• LMI Aerospace, Inc.
• Air Industries Group, Inc.
• Gardner Aerospace.

 

Research Methodology

This market report from Stratview Research provides a thorough analysis that reflects present and future market possibilities for the forecast period of 2021 to 2026. This market report is compiled through several authenticated secondary sources, such as company’s annual reports, press releases, white papers, articles, etc. Also, the market experts have performed several interviews with the industry stakeholders in order to collect reliable and insightful information.

Custom Research:

Stratview research delivers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

 

Critical Questions Answered in the Report

• What are the key trends in the Aircraft Milled Parts Market?
• How has the market (and its various sub-segments) grown in the last five years?
• What would be the growth rate in next five years?
• What is the impact of COVID-19 on the market?
• What are the key strategies adopted by the major vendors to lead in the Aircraft Milled Parts Market?
• What is the market share of the top vendors?

 

About Us

Stratview Research is a global market research firm helping its users tract the ever-evolving market scenarios through its top-notch market reports. It offers the most granular market segmentation across all the industries. Connect with Stratview Research, for any queries at –

E-mail: sales@stratviewresearch.com Direct: +1-313-307-4176

 

Author : Meha Prasad