LONDON, Aug. 2, 2016 /PRNewswire/ -- According to a new market report published by Lucintel, the future of the aircraft door market looks good with opportunities in commercial aircraft, regional aircraft, general aviation and military aircraft applications. The global aircraft door market is forecast to grow at a CAGR of 4.6% by value from 2016 to 2021. The major growth drivers of this market are increasing aircraft delivery and increase in demand for wide body aircraft.
In an aircraft, mainly two types of doors are there, such as passenger door and cargo door. Lucintel predicts that the demand for cargo door is likely to experience the highest growth by value in the forecast period due to rise in aircraft delivery. On the basis of comprehensive research, Lucintel forecasts that the passenger door will remain the largest segment due to the number of passenger door in commercial and regional aircraft is more than cargo door and it is expensive than cargo door.
Within the application, commercial aircraft segment is expected to experience the highest growth during forecast period due to increase in wide body aircraft deliveries and have more number of aircraft door.
North America is expected to remain the largest region during the forecast period due to high demand of newer aircraft. Asia Pacific (APAC) is expected to grow with highest CAGR during the forecast period due to increase in aircraft deliveries. With rapid expansion of domestic airlines and growth of long-haul and short-haul markets lead to increase in demand for more aircraft.
For business expansion, the report suggests new product development to reduce weight of the aircraft door. The report further suggests the development of partnerships with customers to create win-win situations and the development of performance-driven solutions for end users. Airbus Helicopter, Latecoere, Triumph Aerostructure, and Mitsubishi Heavy Industries are among the major suppliers of aircraft door.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global aircraft door market by door type, application, and region and has come up with a comprehensive research report, "Growth Opportunities in the Global Aircraft Door Market 2016-2021: Trends, Forecast, and Market Analysis." The Lucintel report serves as a spring board for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions.
The study includes a forecast for the growth opportunities in the global aircraft door market by door type, application, and region as follows:
By door type (volume (units) and value $ million from 2010 to 2021)
By application (volume (units) and value $ million from 2010 to 2021)
Commercial aircraft Regional aircraft General aviation Military aircraft
By region (volume (units) and value $ million from 2010 to 2021)
North America Europe Asia Pacific Rest of World
This report answers following 9 key questions:
Q.1. What are some of the potential, high-growth opportunities for aircraft door market by door type, application, and region?
Q.2. Which product /segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5. What are the business risks and threats of this market?
Q.6 What are the new developments in the market? Which companies are leading these developments?
Q.7 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.8 How is the competitive rivalry and threat of substitution in this market?
Q.9. What are M&A activities in the last 5 years in this market? What reasons to these activities and how have they impacted the industry
This unique report from Lucintel will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today's stringent economy, you need every advantage that you can find.
To make business, investment, and strategic decisions, you need timely, useful information. This market report fulfills this core need and is an indispensable reference guide for multinational materials suppliers, product manufacturers, investors, executives, distributors, and many more that operate in this market.
Some of the features of "Growth Opportunities in the Global Aircraft Door Market 2016-2021: Trends, Forecast, and Opportunity Analysis" include:
Market size estimates: Global aircraft door market size estimation in value ($M) and volume (units) shipment. Trend and forecast analysis: Global aircraft door market trend (2010-2015) and forecast (2016-2021) by region and segment. Segmentation analysis: Global aircraft door market size by various door types such as cargo door and passenger door and by application such as commercial aircraft, regional aircraft, general aviation, and military aircraft both in terms of value and volume shipment Regional analysis: Global aircraft door market breakdown by key regions such as North America, Europe, Asia Pacific and Rest of World. Growth opportunities: Analysis on growth opportunities in different applications and regions. Strategic analysis: This includes M&A, new product development, competitive landscape, and expansion strategies of door suppliers in global aircraft door market. Analysis of competitive intensity of the industry based on Porter's Five Forces model.
Download the full report: https://www.reportbuyer.com/product/4006944/
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/growth-opportunities-in-the-global-aircraft-door-market-2016-2021-trends-forecast-and-opportunity-analysis-june-2016-300308045.html