Global Aircraft Brackets Market to 2023: Market is Projected to Reach $239.9 Million

DUBLIN, Feb. 12, 2019 /PRNewswire/ --

The "Aircraft Brackets Market by Aircraft Type, by Application Type, by Bracket Type, by Material Type, by End-User Type and by Region, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023" report has been added to ResearchAndMarkets.com's offering.

The global aircraft brackets market is projected to grow at a healthy rate over the next five years to reach US$ 239.9 million in 2023.

This report studies the aircraft brackets market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The Global Aircraft Brackets Market: Highlights

Increasing global commercial and regional aircraft deliveries, increasing share of wide-body aircraft in the total commercial aircraft deliveries, rising commercial aircraft fleet size, increasing demand for lightweight brackets, and increasing demand for 3D-printed brackets are the major factors that are burgeoning the demand for brackets in the aircraft industry. North America and Europe are the biggest demand generators with a combined share of more than two-thirds of the total aircraft brackets market.

Brackets are essentially supported structures that are used to attach two different components while supporting one over the other. In an aircraft, these brackets are used on a wide range of applications, such as landing gears, fuselage airframe assembly, wings assembly, engine mounts, fuel tanks, and electrical wire installations. The aircraft brackets are of three types: Class A, Class B, and Class C, which are attached according to the application structure.

For example, class A brackets are usually attached with the primary structures of the aircraft, whereas class B brackets are a kind of removable structure, and class C brackets are attached with the tertiary structures, such as hoses and air conditioning ducts. These brackets basically strengthen the joints of two different parts one over another.

Based on the aircraft type, the market is segmented into commercial aircraft, regional aircraft, general aviation, military aircraft, and helicopter. Commercial aircraft is likely to remain the most dominant and fastest-growing segment of the global aircraft brackets market during the forecast period.

Increasing production rates of key programs, such as B737 and A320 family, to support rising passenger traffic; market entry of new players, such as COMAC; and the introduction of fuel-efficient variants of existing aircraft programs, such as B737 max, A320neo, are the major factors driving the demand for brackets in the commercial aircraft segment.

Based on the application type, the market is segmented into fuselage, wings, control surfaces, and others. Fuselage is likely to remain the most dominant segment of the aircraft brackets market during the forecast period. It is the biggest application in an aircraft and requires brackets in large quantities.

For instance, there are several components and parts, such as airframe assembly, where brackets are used. Control surfaces are likely to be the fastest growing application segment during the same period.

Based on the bracket type, the market is segmented into class A, class B, and class C. Class B brackets are likely to remain the most dominant and fastest growing segment of the global aircraft brackets market during the forecast period. Class B brackets are removable and can be attached to class A brackets or directly to the structure. Further, there is also a huge demand for class B brackets at the aftermarket level, owing to the fact that they are replaced during periodic maintenance of aircraft in case of any damage.

Based on the material type, the market is segmented into aluminum, steel, and others. Aluminum brackets are likely to remain the most dominant segment of the global aircraft brackets market during the forecast period, driven by its high compatibility with aluminum parts, its non-ferrous properties, excellent strength-to-weight ratio, and high conductivity.

Other materials which basically include composites and metal-alloys are also expected to witness healthy growth rates over the next five years, owing to an increasing penetration of composite materials in the aerospace industry and a growing acceptance of 3D printed brackets.

Based on the end-user type, the market is segmented into OE and aftermarket. OE sales are likely to remain the most dominant segment of the global aircraft brackets market during the forecast period, driven by an increased production of commercial aircraft to meet rising passenger traffic across the globe.

Aftermarket sales are expected to be the faster-growing segment during the forecast period, owing to increasing upgrade of existing aircraft fleet and periodic maintenance of active aircraft.

In terms of regions, North America is projected to remain the largest market for aircraft brackets during the forecast period. The USA is the growth engine of the region's market and has one of the largest fleets of commercial and military aircraft across the world. Presence of major OEMs, tire players, bracket manufacturers, and raw material suppliers are primarily driving the demand for brackets in the country.

Asia-Pacific is expected to witness the highest growth in the global aircraft brackets market during the same period, owing to an increasing presence of major aircraft OEMs in the region, market entry of new players, such as COMAC to mitigate the level of dependency on Boeing and Airbus, and increasing commercial aircraft fleet size to meet rising passenger traffic.

Key Topics Covered:

1. Executive Summary

2. Aircraft Brackets Market - Overview and Market Forces
2.1. Introduction
2.2. Market Classification
2.3. Market Drivers
2.4. Market Constraints
2.5. Supply Chain Analysis
2.6. Industry Life Cycle Analysis
2.7. PEST Analysis: Impact Assessment of Changing Business Environment
2.8. Porter's Five Force Analysis
2.9. SWOT Analysis

3. Aircraft Brackets Market Analysis - By Aircraft Type
3.1. Strategic Insights
3.2. Commercial Aircraft Brackets Market Trend and Forecast (US$ Million)
3.3. Regional Aircraft Brackets Market Trend and Forecast (US$ Million)
3.4. General Aviation Brackets Market Trend and Forecast (US$ Million)
3.5. Military Aircraft Brackets Market Trend and Forecast (US$ Million)
3.6. Helicopter Brackets Market Trend and Forecast (US$ Million)

4. Aircraft Brackets Market Analysis - By Application Type
4.1. Strategic Insights
4.2. Aircraft Fuselage Brackets Market Trend and Forecast (US$ Million)
4.3. Aircraft Wings Brackets Market Trend and Forecast (US$ Million)
4.4. Aircraft Control Surfaces Brackets Market Trend and Forecast (US$ Million)
4.5. Aircraft Other Brackets Market Trend and Forecast (US$ Million)

5. Aircraft Brackets Market Analysis - By Bracket Type
5.1. Strategic Insights
5.2. Aircraft Class- A Brackets Market Trend and Forecast (US$ Million)
5.3. Aircraft Class-B Brackets Market Trend and Forecast (US$ Million)
5.4. Aircraft Class-C Brackets Market Trend and Forecast (US$ Million)

6. Aircraft Brackets Market Analysis - By Material Type
6.1. Strategic Insights
6.2. Aircraft Aluminum Brackets Market Trend and Forecast (US$ Million)
6.3. Aircraft Steel Brackets Market Trend and Forecast (US$ Million)
6.4. Aircraft Other Brackets Market Trend and Forecast (US$ Million)

7. Aircraft Brackets Market Analysis - By End-User Type
7.1. Strategic Insights
7.2. OE-based Aircraft Brackets Market Trend and Forecast (US$ Million)
7.3. Aftermarket-based Aircraft Brackets Market Trend and Forecast (US$ Million)

8. Aircraft Brackets Market Analysis - By Region

9. Competitive Analysis
9.1. Strategic Insights
9.2. Product Portfolio Analysis
9.3. Presence by Material Type
9.4. Geographical Presence
9.5. New Product Launches
9.6. Strategic Alliances: Mergers and Acquisitions, Joint Ventures, Collaborations etc.
9.7. Expert Opinions
9.8. Market Share Analysis

10. Strategic Growth Opportunities
10.1. Strategic Insights
10.2. Market Attractive Analysis
10.3. Growth Matric Analysis
10.4. Emerging Trends
10.5. Key Success Factors

11. Company Profiles of Key Players

• AIM Aerospace Inc.
• Arconic Inc.
• Denroy Plastics Ltd.
• Precision Castparts Corp.
• Premium Aerotec
• Spirit Aerosystems Inc.
• Stroco Manufacturing Inc.
• Tri-Mack Plastics Manufacturing Corporation
• Triumph Group Inc.

For more information about this report visit https://www.researchandmarkets.com/research/v4kjj8/global_aircraft?w=5

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