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.
The size of the worldwide aircraft strut market is projected to reach US$ 3.9 billion in 2022 and grow at a CAGR of 6.5 percent between 2022 and 2032. The market is anticipated to benefit from an increase in the purchase of profitable and effective regional jets and narrow-body aircraft. The analysis estimates that by 2032, sales of aeroplane struts will exceed US$ 8.5 billion.
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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.
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: 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.
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Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
Aircraft Strut Market: Segmentation
On the basis of aircraft body type
- Small Body Aircraft
- Wide Body Aircraft
- Very Large Body Aircraft
- Regional Aircraft
On the basis of operation
- Hydraulic
- Pneumatic
On the basis of position of aircraft struts
- Front Wheels
- Rear Wheels
On the basis of aircraft strut type
- Rigid Aircraft Struts
- Spring Steel Aircraft Struts
- Shock Struts
- Bungee Cords
On the basis of end use customer
- Commercial
- Military
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Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
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