This report also researches and evaluates the impact of Covid-19 outbreak on the Aerostructure Equipment industry, involving potential opportunity and challenges, drivers and risks. We present the impact assessment of Covid-19 effects on Aerostructure Equipment and market growth forecast based on different scenario (optimistic, pessimistic, very optimistic, most likely etc.).
Global Aerostructure Equipment Market Overview:
Fact.MR has evaluated the global Aerostructure Equipment market in its latest research report. The research report, titled [Global Aerostructure Equipment Market 2020 by Key Countries, Companies, Type and Application], presents a detailed analysis of the drivers and restraints impacting the overall market. Analysts have studied the key trends defining the trajectory of the market. The research report also includes an assessment of the achievements made by the players in the global Aerostructure Equipment market so far. It also notes the key trends in the market that are likely to be lucrative. The research report aims to provide an unbiased and a comprehensive outlook of the global Aerostructure Equipment market to the readers.
Global Aerostructure Equipment Market: Segmentation
For clearer understanding of the global Aerostructure Equipment market, analysts have segmented the market. The segmentation has been done on the basis of application, technology, and users. Each segment has been further explained with the help of graphs figures. This breakdown of the market gives the readers an objective view of the global Aerostructure Equipment market, which is essential to make sound investments.
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competitive dynamics of the market is expected to shift the manufacturing of aerostructure equipment from significant players to OEM’s. In the year 2018, several highly valued mergers and acquisitions were witnessed in the aerostructure equipment industry as major vendors acquired other small and medium scale vendors to capture a large portion of the market.
However, this trend has led Boeing and Airbus to increasingly backward integrate themselves by accepting crucial components, including aerostructure materials for their upcoming programs. Several research and development activities in the field of aerostructure equipment have resulted in the formation of numerous composite materials which are almost 20% lighter than conventional aircraft materials. However, the use of FSW aluminum, an alloy which is bulkier is more prominently used in aerostructure equipment due to exact precision crafting.
Commercial Aircraft and Helicopters to Garner the Leading Shares
The International Air Transport Association forecasts the number of passengers being transported by airlines to grow by over 6% within the next decade. Such a surge of travelers by air requires the production of more number of aircraft invariably uplifting the demand for aerostructure equipment. The world’s foremost aircraft manufacturers are anticipating blue skies for the global aviation industry within the next two decades.
According to Boeing, a multinational designer, and manufacturer of airplanes and rotorcraft, predicts the passenger and freighter fleet to expand from 21,000 to 40,000 aircraft with 37,000 new airplanes during the forecast period. Most of the growth mentioned above are expected to be single-aisle airplanes. Such steady development figures are expected to drive the global aerostructure equipment market during the forecast period of 2019 to 2027.
One cited reason for the improvement in the latest aircraft market is the substitution of aging aircraft, especially in North America. European multinational aerospace corporation, Airbus SE, have projected a 20-year demand for nearly 12,000 passenger single-aisle aircraft to be replaced, which demands the utilization of aerostructure equipment.
Innovations Continue to Fuel Growth
A significant trend that will have a considerable impact on the competitive dynamics of the global aerostructure equipment market is the shift in the manufacturing of aerostructure equipment from major players to original equipment manufacturers (OEM). 2018 witnessed a large number of M&A activities as many major vendors in the aerostructure equipment industry to capture a relatively large share in the market acquired many small and medium scale companies. This has led multinational aircraft manufacturers like Boeing and Airbus to increasingly backward integrate by manufacturing crucial aerostructure equipment for their upcoming events. This consolidation at the tier level has curtailed the bargaining power of OEM’s to a certain extent. Moreover, the major organizations involved in the aerostructure equipment have had higher margins than OEMs, which is another factor pushing OEMs to produce crucial aircraft parts in-house increasingly.
Tracking the Recent Developments in Market
- Increased Automation – Several automation efforts being made by original equipment manufacturers to increase the overall quality of aerostructure equipment and to reduce the total cost
- Innovative Technologies – Importance of robotic applications have increased in the production of aerostructure equipment with several equipment manufacturers joining hands with major robotics vendors such as KUKA AG.
- New Competitors – With the increasing production rates, outsourcing trend, and dual sourcing, several opportunities are opening up for new suppliers from other industries.
- Industrial Expansion – The overall production of aerostructure equipment shifting to East Asia and the Americas due to increased demand in emerging markets and competitive production advantages have
To track the competition landscape of global aerostructure equipment market, request free copy of the report sample
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Global Aerostructure Equipment Market: Regional Segmentation
To understand the changing political scenario, analysts have regionally segmented the market. This gives an overview of the political and socio-economic status of the regions that is expected to impact the market dynamic.
The Middle East and Africa (GCC Countries and Egypt)
North America (the United States, Mexico, and Canada)
South America (Brazil etc.)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
Global Aerostructure Equipment Market: Research Methodology
Fact.MR uses a unique investigative approach to make an accurate assessment of the global Aerostructure Equipment market. To begin with, the analysis has been put together using primary and secondary research methodologies. The information has been authenticated by market expert through valuable commentary. Research analysts have also conducted exhaustive interviews with market-relevant questions to collate this research report.
Global Aerostructure Equipment Market: Competitive Rivalry
The research report also studied the key players operating in the global Aerostructure Equipment market. It has evaluated and elucidated the research and development statuses of these companies, their financial outlooks, and their expansion plans for the forecast period. In addition, the research report also includes the list of strategic initiatives that clearly explain the achievements of the companies in the recent past.
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