What is the future of Aircraft Nacelle Components Market? Know Covid Impact on Size, Share & Forecasts
June 25, 2020
The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Aircraft Nacelle Components Market.
It was estimated prior to this unanticipated outbreak that the Aircraft Nacelle Components Market will reach US$ 9,011.1 million in 2024. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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Aircraft Nacelle Components Market Segment Insights:
By Aircraft Type:
Narrow-body aircraft is expected to remain the growth engine of the aircraft nacelle components market during the forecast period, propelled by the introduction of fuel-efficient variants of best-selling programs (A320neo and B737 Max).
By Material Type:
Composite is expected to remain the material of choice in the market during the forecast period. There has been an incessant replacement of metals with composite components, owing to their excellent strength-to-weight ratio at a relatively lower weight. Titanium components are expected to witness the highest growth in the market during the same period, driven by increasing penetration, especially in exhaust components.
By Region:
North America is expected to remain the largest aircraft nacelle components market during the forecast period, whereas Asia-Pacific is expected to experience the highest growth during the same period. The highest growth of aircraft nacelle components in Asia-Pacific is mainly attributable to the increasing aircraft fleet to support rising passenger traffic; opening of assembly plants of Boeing and Airbus for the B737, A320, and A330 aircraft programs; increasing procurement of military aircraft, owing to rising defense budget; and upcoming indigenous commercial and regional aircraft (C919 and MRJ).
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Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
Based on the research, a proper report is crafted with the following key features:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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