Aircraft Strut Market: Market Outlook
Aircraft strut is an important component in the assembly of an aircraft. On a daily basis, the aircraft is increasing traffic with more than one trip covered by an individual aircraft where seamless and risk free aviation takeoff and landing are involved. Landing gear is an important component of an aircraft during landing and take-off in which aircraft struts are used to absorb shock while take-off and landing of the aircrafts. Most of the shock struts are prepared with an axle as part of the lower cylinder to offer installation of the aircraft wheels.
Over the past decade, low-cost carriers have increased their marketplace, and currently they hold significant share accounting more than thirty percent in the commercial aviation market. Low cost carriers (LLC) operators choose single aisle aircraft, as they function on small routes and also have a comparative less profit margin. With the increasing focus on connecting small airports to improve a country’s air network, airlines are procuring regional jets and narrow-body aircraft that are efficient as well as profitable on short haul flights. Of the total 1,600 aircraft provided by Boeing and Airbus together in the previous year, the majority of the aircraft delivered were narrow body aircraft. Moreover, nose landing gear configuration is similar for a wide-body aircraft & narrow-body however, the main landing gear configuration varies. Therefore, it will impact the demand for aircraft strut market.
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Aircraft Strut Market: Dynamics
Increase in number of orders on new aircraft fabrication is primarily driving the demand for aircraft strut market over the forecast period. Also, launch of new aircraft programs in the Asia-Pacific region will offer new opportunities for the aircraft strut manufacturers to expand in this region. Moreover, replacement of ageing aircraft would further spur the demand for aircraft strut market.
However, norms related to emissions have compelled the manufacturers to use light weight material for the parts of aircrafts. For that purpose, most of the interior parts of aircraft use composite material to make them lightweight. Henceforth, it creates immense challenge for aircraft strut manufacturers to make them light-weight as it will help to achieve fuel economy
Aircraft Strut Market: Regional Outlook
Airbus and Boeing are the two main commercial aircraft original equipment manufacturers (OEMs) and they are based in the France and United States, respectively. The U.S. aviation market is quite matured market and it currently has the maximum aircraft fleet. Majority of the aircraft assembly is carried out in the France and United States. On the other hand, in terms of new airplane demand, the APAC (Asia-Pacific) market seems to be profitable. As China has recently announced its C919 airplanes in the commercial market and has received over 750 orders, a huge demand for aircraft strut is projected to be generated from this region in the coming years
Aircraft Strut Market: Segmentation
On the basis of aircraft body type, the Aircraft Strut Market can be segmented into:
- Small Body Aircraft
- Wide Body Aircraft
- Very Large Body Aircraft
- Regional Aircraft
On the basis of operation, the Aircraft Strut Market can be segmented into:
On the basis of position of aircraft struts, the Aircraft Strut Market can be segmented into:
- Front Wheels
- Rear Wheels
On the basis of aircraft strut type, the Aircraft Strut Market can be segmented into:
- Rigid Aircraft Struts
- Spring Steel Aircraft Struts
- Shock Struts
- Bungee Cords
On the basis of end use customer, the Aircraft Strut Market can be segmented into:
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Aircraft Strut Market: Market Participants
Examples of some of the market participants/vendors identified in the Aircraft Strut Market across the globe are:
- Circor Aerospace, Inc.
- PCC Aero Structures
- Crompton Technology Group Ltd.
- Malabar Inc.
- New Brow Aerospace
- Fiber Dynamics, Inc.
- Lefiell Manufacturing Co.
- Bansbach Easylift of North America
- Birken Manufacturing
- Robart Mfg
- Wicks Aircraft Supply
- QRP, Inc