North America Aircraft Brackets Market Forecast to 2031 - Regional Analysis by Aircraft Type (Commercial Aircraft, General Aviation, Military Aircraft, and Helicopter), Application (Aircraft Fuselage, Aircraft Wings, Aircraft Control Surfaces, Engine, and
Description
The North America aircraft brackets market was valued at US$ 86.17 million in 2023 and is expected to reach US$ 137.67 million by 2031; it is anticipated to reach a CAGR of 6.0% from 2023 to 2031 .
Increasing Orders and Deliveries of Narrow Body Aircraft Fuel North America Aircraft Brackets Market
The aviation industry has matured rapidly over the years, recording a significant number of aircraft production and deliveries. This has showcased massive order volumes for various commercial aircraft manufacturers worldwide. Commercial aviation is foreseen to surge in the coming years with an increase in air travel passengers and aircraft volumes. The increase in orders of narrow body passenger and commercial aircraft across the globe drives the demand for aircraft brackets. After the COVID-19 pandemic and ongoing geopolitical wars in Europe and the Middle East, the global economy is weakening. However, people's desire to travel and the flow of travel have increased. In addition, the rapid growth of secondary and tertiary airports has continued due to the COVID-19 pandemic. Hence, airlines plan to expand to more remote locations by launching routes to smaller city airports. With the increasing number of aircraft and airports, the demand for aircraft brackets is also rising.
In the last two years, Boeing and Airbus have seen a significant increase in orders for narrow body aircraft. According to the Airbus order and delivery database, there were 820 commercial aircraft orders in 2022, which rose to 2094 in 2023, as shown in the above figure. However, according to the data, there is a rise in deliveries for narrow body aircraft—such as A220, A319 & A320, and A321—compared to the wide body aircraft—such as A330 and A350—in 2023, shown in the figure below.
Airbus and Boeing are the two aircraft manufacturing giants with significantly higher volumes of orders and delivery statistics. These two aircraft original equipment manufacturers (OEMs) continuously encounter orders for various aircraft models from civil airlines. The table below highlights the comparison of orders and deliveries from Airbus and Boeing during 2020–2023:
Aircraft Orders and Deliveries, by Boeing and Airbus, 2020 and 2023
Years
2020
2021
2022
2023
Commercial Aircraft
Aircraft Manufacturers
Boeing
Airbus
Boeing
Airbus
Boeing
Airbus
Boeing
Airbus
Orders
184
383
909
771
935
1078
1456
2319
Deliveries
157
566
340
609
480
661
528
735
Moreover, Airbus forecasts that 40,850 new passenger and cargo aircraft will be delivered over the next 20 years, of which 32,630 will be typical single-aisle aircraft and 8,220 will be typical wide body aircraft from 2023 to 2042. In addition, the demand for freight aircraft is projected to reach 2,510 aircraft, with 920 newly built during the same timeframe. Thus, the increase in orders and deliveries of narrow body aircraft drives the market.
North America Aircraft Brackets Market Overview
The US, Canada, and Mexico are the major economies in North America. The expansion of aircraft fleets across the region primarily drives the aircraft brackets industry in North America. Additionally, the growing aviation industry in countries such as the US and Canada drives the aircraft brackets market. The aviation industry is one of the most notable industries in the US. According to data released by Airlines for America in 2023, commercial aviation accounted for 5% of US GDP and US$ 1.25 trillion in 2022. In addition to the rise in air passenger traffic, government initiatives to increase aircraft fleets in defense and commercial aviation sectors are expected to fuel the demand of North America aircraft brackets market during the forecast period.
North America Aircraft Brackets Market Revenue and Forecast to 2031 (US$ Million)
North America Aircraft Brackets Market Segmentation
The North America aircraft brackets market is categorized into aircraft type, application, material, end use, and country.
Based on aircraft type, the North America aircraft brackets market is segmented into commercial aircraft, general aviation, military aircraft, and helicopter. The commercial aircraft segment held the largest market share in 2023.
By application, the North America aircraft brackets market is segmented into aircraft fuselage, aircraft wings, aircraft control surfaces, engine, and others. The aircraft fuselage segment held the largest market share in 2023.
In the terms of material, the North America aircraft brackets market is segmented into aluminum, steel, and others. The aluminum segment held the largest market share in 2023.
By end use, the North America aircraft brackets market is bifurcated into OEMs and aftermarket. The OEMs segment held a larger market share in 2023.
By country, the North America aircraft brackets market is segmented into the US, Canada, and Mexico. The US dominated the North America aircraft brackets market share in 2023.
Arconic Corp; Godrej & Boyce Manufacturing Co Ltd; Hexagon AB; Hutchinson SA; Legend Aerospace; Precision Castparts Corp.; Premium Aerotec GmbH; RTP Company; SEKISUI Aerospace; Singapore Technologies Engineering Ltd; Spirit AeroSystems Holdings Inc; STROCO Manufacturing Inc.; and Triumph Group Inc are some of the leading companies operating in the North America aircraft brackets market.
Reasons to buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America aircraft brackets market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the North America aircraft brackets market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America aircraft brackets market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
Increasing Orders and Deliveries of Narrow Body Aircraft Fuel North America Aircraft Brackets Market
The aviation industry has matured rapidly over the years, recording a significant number of aircraft production and deliveries. This has showcased massive order volumes for various commercial aircraft manufacturers worldwide. Commercial aviation is foreseen to surge in the coming years with an increase in air travel passengers and aircraft volumes. The increase in orders of narrow body passenger and commercial aircraft across the globe drives the demand for aircraft brackets. After the COVID-19 pandemic and ongoing geopolitical wars in Europe and the Middle East, the global economy is weakening. However, people's desire to travel and the flow of travel have increased. In addition, the rapid growth of secondary and tertiary airports has continued due to the COVID-19 pandemic. Hence, airlines plan to expand to more remote locations by launching routes to smaller city airports. With the increasing number of aircraft and airports, the demand for aircraft brackets is also rising.
In the last two years, Boeing and Airbus have seen a significant increase in orders for narrow body aircraft. According to the Airbus order and delivery database, there were 820 commercial aircraft orders in 2022, which rose to 2094 in 2023, as shown in the above figure. However, according to the data, there is a rise in deliveries for narrow body aircraft—such as A220, A319 & A320, and A321—compared to the wide body aircraft—such as A330 and A350—in 2023, shown in the figure below.
Airbus and Boeing are the two aircraft manufacturing giants with significantly higher volumes of orders and delivery statistics. These two aircraft original equipment manufacturers (OEMs) continuously encounter orders for various aircraft models from civil airlines. The table below highlights the comparison of orders and deliveries from Airbus and Boeing during 2020–2023:
Aircraft Orders and Deliveries, by Boeing and Airbus, 2020 and 2023
Years
2020
2021
2022
2023
Commercial Aircraft
Aircraft Manufacturers
Boeing
Airbus
Boeing
Airbus
Boeing
Airbus
Boeing
Airbus
Orders
184
383
909
771
935
1078
1456
2319
Deliveries
157
566
340
609
480
661
528
735
Moreover, Airbus forecasts that 40,850 new passenger and cargo aircraft will be delivered over the next 20 years, of which 32,630 will be typical single-aisle aircraft and 8,220 will be typical wide body aircraft from 2023 to 2042. In addition, the demand for freight aircraft is projected to reach 2,510 aircraft, with 920 newly built during the same timeframe. Thus, the increase in orders and deliveries of narrow body aircraft drives the market.
North America Aircraft Brackets Market Overview
The US, Canada, and Mexico are the major economies in North America. The expansion of aircraft fleets across the region primarily drives the aircraft brackets industry in North America. Additionally, the growing aviation industry in countries such as the US and Canada drives the aircraft brackets market. The aviation industry is one of the most notable industries in the US. According to data released by Airlines for America in 2023, commercial aviation accounted for 5% of US GDP and US$ 1.25 trillion in 2022. In addition to the rise in air passenger traffic, government initiatives to increase aircraft fleets in defense and commercial aviation sectors are expected to fuel the demand of North America aircraft brackets market during the forecast period.
North America Aircraft Brackets Market Revenue and Forecast to 2031 (US$ Million)
North America Aircraft Brackets Market Segmentation
The North America aircraft brackets market is categorized into aircraft type, application, material, end use, and country.
Based on aircraft type, the North America aircraft brackets market is segmented into commercial aircraft, general aviation, military aircraft, and helicopter. The commercial aircraft segment held the largest market share in 2023.
By application, the North America aircraft brackets market is segmented into aircraft fuselage, aircraft wings, aircraft control surfaces, engine, and others. The aircraft fuselage segment held the largest market share in 2023.
In the terms of material, the North America aircraft brackets market is segmented into aluminum, steel, and others. The aluminum segment held the largest market share in 2023.
By end use, the North America aircraft brackets market is bifurcated into OEMs and aftermarket. The OEMs segment held a larger market share in 2023.
By country, the North America aircraft brackets market is segmented into the US, Canada, and Mexico. The US dominated the North America aircraft brackets market share in 2023.
Arconic Corp; Godrej & Boyce Manufacturing Co Ltd; Hexagon AB; Hutchinson SA; Legend Aerospace; Precision Castparts Corp.; Premium Aerotec GmbH; RTP Company; SEKISUI Aerospace; Singapore Technologies Engineering Ltd; Spirit AeroSystems Holdings Inc; STROCO Manufacturing Inc.; and Triumph Group Inc are some of the leading companies operating in the North America aircraft brackets market.
Reasons to buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America aircraft brackets market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the North America aircraft brackets market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America aircraft brackets market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
Table of Contents
146 Pages
- 1. Introduction
- 1.1 The Insight Partners Research Report Guidance
- 1.2 Market Segmentation
- 2. Executive Summary
- 2.1 Key Insights
- 2.2 Market Attractiveness
- 3. Research Methodology
- 3.1 Secondary Research
- 3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:
- 4. North America Aircraft Brackets Market Landscape
- 4.1 Overview
- 4.2 Porter's Five Forces Analysis
- 4.3 Ecosystem Analysis
- 4.3.1 List of Vendors in the Value Chain
- 5. North America Aircraft Brackets Market - Key Market Dynamics
- 5.1 Aircraft Brackets Market - Key Market Dynamics
- 5.2 Market Drivers
- 5.2.1 Increasing Orders and Deliveries of Narrow Body Aircraft
- 5.2.2 Rising Deliveries of General Aviation Aircraft and Helicopters
- 5.3 Market Restraints
- 5.3.1 Suspended Production of B737 Max Program and Grounding of Airbus A320 by Spirit Airlines
- 5.3.2 Discontinuation of A380s and B747 Jumbo Jets
- 5.4 Market Opportunities
- 5.4.1 Increasing Global Aircraft Fleet Size
- 5.5 Future Trends
- 5.5.1 Increasing Adoption of Lightweight Material Based Aircraft Brackets
- 5.6 Impact of Drivers and Restraints:
- 6. Aircraft Brackets Market -North America Market Analysis
- 6.1 North America Overview
- 6.2 North America Aircraft Brackets Market Revenue (US$ Million), 2021-2031
- 6.3 North America Aircraft Brackets Market Forecast Analysis
- 7. North America Aircraft Brackets Market Analysis - by Aircraft Type
- 7.1 Commercial Aircraft
- 7.1.1 Overview
- 7.1.2 Commercial Aircraft: Aircraft Brackets Market - Revenue and Forecast to 2031 (US$ Million)
- 7.2 General Aviation
- 7.2.1 Overview
- 7.2.2 General Aviation: Aircraft Brackets Market - Revenue and Forecast to 2031 (US$ Million)
- 7.3 Military Aircraft
- 7.3.1 Overview
- 7.3.2 Military Aircraft: Aircraft Brackets Market - Revenue and Forecast to 2031 (US$ Million)
- 7.4 Helicopter
- 7.4.1 Overview
- 7.4.2 Helicopter: Aircraft Brackets Market - Revenue and Forecast to 2031 (US$ Million)
- 8. North America Aircraft Brackets Market Analysis - by Application
- 8.1 Aircraft Fuselage
- 8.1.1 Overview
- 8.1.2 Aircraft Fuselage: Aircraft Brackets Market - Revenue and Forecast to 2031 (US$ Million)
- 8.2 Aircraft Wings
- 8.2.1 Overview
- 8.2.2 Aircraft Wings: Aircraft Brackets Market - Revenue and Forecast to 2031 (US$ Million)
- 8.3 Aircraft Control Surfaces
- 8.3.1 Overview
- 8.3.2 Aircraft Control Surfaces: Aircraft Brackets Market - Revenue and Forecast to 2031 (US$ Million)
- 8.4 Engine
- 8.4.1 Overview
- 8.4.2 Engine: Aircraft Brackets Market - Revenue and Forecast to 2031 (US$ Million)
- 8.5 Others
- 8.5.1 Overview
- 8.5.2 Others: Aircraft Brackets Market - Revenue and Forecast to 2031 (US$ Million)
- 9. North America Aircraft Brackets Market Analysis - by Material
- 9.1 Aluminum
- 9.1.1 Overview
- 9.1.2 Aluminum: Aircraft Brackets Market - Revenue and Forecast to 2031 (US$ Million)
- 9.2 Steel
- 9.2.1 Overview
- 9.2.2 Steel: Aircraft Brackets Market - Revenue and Forecast to 2031 (US$ Million)
- 9.3 Others
- 9.3.1 Overview
- 9.3.2 Others: Aircraft Brackets Market - Revenue and Forecast to 2031 (US$ Million)
- 10. North America Aircraft Brackets Market Analysis - by End Use
- 10.1 OEMs
- 10.1.1 Overview
- 10.1.2 OEMs: Aircraft Brackets Market - Revenue and Forecast to 2031 (US$ Million)
- 10.2 Aftermarket
- 10.2.1 Overview
- 10.2.2 Aftermarket: Aircraft Brackets Market - Revenue and Forecast to 2031 (US$ Million)
- 11. North America Aircraft Brackets Market - Country Analysis
- 11.1 North America
- 11.1.1 North America Aircraft Brackets Market, by Key Country- Revenue (2023) (US$ Million)
- 11.1.2 North America Aircraft Brackets Market - Revenue and Forecast Analysis - by Country
- 11.1.2.1 North America Aircraft Brackets Market - Revenue and Forecast Analysis - by Country
- 11.1.2.2 United States: Aircraft Brackets Market - Revenue and Forecast to 2031 (US$ Million)
- 11.1.2.2.1 United States: Aircraft Brackets Market Breakdown, by Aircraft Type
- 11.1.2.2.2 United States: Aircraft Brackets Market Breakdown, by Application
- 11.1.2.2.3 United States: Aircraft Brackets Market Breakdown, by Material
- 11.1.2.2.4 United States: Aircraft Brackets Market Breakdown, by End Use
- 11.1.2.3 Canada: Aircraft Brackets Market - Revenue and Forecast to 2031 (US$ Million)
- 11.1.2.3.1 Canada: Aircraft Brackets Market Breakdown, by Aircraft Type
- 11.1.2.3.2 Canada: Aircraft Brackets Market Breakdown, by Application
- 11.1.2.3.3 Canada: Aircraft Brackets Market Breakdown, by Material
- 11.1.2.3.4 Canada: Aircraft Brackets Market Breakdown, by End Use
- 11.1.2.4 Mexico: Aircraft Brackets Market - Revenue and Forecast to 2031 (US$ Million)
- 11.1.2.4.1 Mexico: Aircraft Brackets Market Breakdown, by Aircraft Type
- 11.1.2.4.2 Mexico: Aircraft Brackets Market Breakdown, by Application
- 11.1.2.4.3 Mexico: Aircraft Brackets Market Breakdown, by Material
- 11.1.2.4.4 Mexico: Aircraft Brackets Market Breakdown, by End Use
- 12. Competitive Landscape
- 12.1 Company Positioning & Concentration
- 13. Industry Landscape
- 13.1 Overview
- 13.2 Market Initiative
- 14. Company Profiles
- 14.1 Hexagon AB
- 14.1.1 Key Facts
- 14.1.2 Business Description
- 14.1.3 Products and Services
- 14.1.4 Financial Overview
- 14.1.5 SWOT Analysis
- 14.1.6 Key Developments
- 14.2 Singapore Technologies Engineering Ltd
- 14.2.1 Key Facts
- 14.2.2 Business Description
- 14.2.3 Products and Services
- 14.2.4 Financial Overview
- 14.2.5 SWOT Analysis
- 14.2.6 Key Developments
- 14.3 Legend Aerospace
- 14.3.1 Key Facts
- 14.3.2 Business Description
- 14.3.3 Products and Services
- 14.3.4 Financial Overview
- 14.3.5 SWOT Analysis
- 14.3.6 Key Developments
- 14.4 RTP Company
- 14.4.1 Key Facts
- 14.4.2 Business Description
- 14.4.3 Products and Services
- 14.4.4 Financial Overview
- 14.4.5 SWOT Analysis
- 14.4.6 Key Developments
- 14.5 Triumph Group Inc
- 14.5.1 Key Facts
- 14.5.2 Business Description
- 14.5.3 Products and Services
- 14.5.4 Financial Overview
- 14.5.5 SWOT Analysis
- 14.5.6 Key Developments
- 14.6 Spirit AeroSystems Holdings Inc
- 14.6.1 Key Facts
- 14.6.2 Business Description
- 14.6.3 Products and Services
- 14.6.4 Financial Overview
- 14.6.5 SWOT Analysis
- 14.6.6 Key Developments
- 14.7 Premium Aerotec GmbH
- 14.7.1 Key Facts
- 14.7.2 Business Description
- 14.7.3 Products and Services
- 14.7.4 Financial Overview
- 14.7.5 SWOT Analysis
- 14.7.6 Key Developments
- 14.8 Hutchinson SA
- 14.8.1 Key Facts
- 14.8.2 Business Description
- 14.8.3 Products and Services
- 14.8.4 Financial Overview
- 14.8.5 SWOT Analysis
- 14.8.6 Key Developments
- 14.9 Arconic Corp
- 14.9.1 Key Facts
- 14.9.2 Business Description
- 14.9.3 Products and Services
- 14.9.4 Financial Overview
- 14.9.5 SWOT Analysis
- 14.9.6 Key Developments
- 14.10 SEKISUI Aerospace
- 14.10.1 Key Facts
- 14.10.2 Business Description
- 14.10.3 Products and Services
- 14.10.4 Financial Overview
- 14.10.5 SWOT Analysis
- 14.10.6 Key Developments
- 14.11 Avantus Aerospace, Inc.
- 14.11.1 Key Facts
- 14.11.2 Business Description
- 14.11.3 Products and Services
- 14.11.4 Financial Overview
- 14.11.5 SWOT Analysis
- 14.11.6 Key Developments
- 14.12 Precision Castparts Corp.
- 14.12.1 Key Facts
- 14.12.2 Business Description
- 14.12.3 Products and Services
- 14.12.4 Financial Overview
- 14.12.5 SWOT Analysis
- 14.12.6 Key Developments
- 14.13 STROCO Manufacturing Inc
- 14.13.1 Key Facts
- 14.13.2 Business Description
- 14.13.3 Products and Services
- 14.13.4 Financial Overview
- 14.13.5 SWOT Analysis
- 14.13.6 Key Developments
- 15. Appendix
- 15.1 About The Insight Partners
Pricing
Currency Rates
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