Aircraft Mounts Market - Trends and Opportunities for the Industry
Posted by Akshata Sharma on October 25th, 2019
Aircraft Mounts Market - Technological Breakthroughs Analysis in Next Few Years
New York, NY, USA, Oct-25, 2019 /(Aerospace NEWS)-- [171 Pages Report] The global aircraft mounts market size is estimated to be USD 606 million in 2019 and is projected to reach USD 915 million by 2025, at a CAGR of 7.1% from 2019 to 2025. The aircraft mounts industry has been growing at a significant rate since the past few years and is expected to continue during the forecast period. The demand for mounts in aviation applications is growing, due to increasing emphasis to enhance safety and comfort in aircraft.
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The replacement segment is projected to grow at a higher CAGR during the forecast period as compared to the OEM segment
The timely inspection of aircraft mounts is essential to ensure the effective functioning of aircraft to avert chances of engineering equipment getting damaged. This, in turn, is increasing the demand for replacement of aircraft mounts.
The engine mounts segment is projected to lead the aircraft mounts market during the forecast period
Engine mounts are commonly known as flexible, elastic, or shock mounts. If the engine is subjected to abnormal shocks or loads, engine mounts limit the excessive movement of the engine. The demand for engine mounts is expected to increase during the forecast period, due to the growing efforts of manufacturers to protect engineering equipment in aircraft and enhance operational capabilities.
North America is expected to lead the aircraft mounts market (OEM and replacement) from 2019 to 2025
The North America aircraft mounts industry is projected to contribute significantly during the forecast period. The US is considered to be the largest manufacturer, operator, and exporter of aircraft mounts, globally. The aviation industry is one of the most profitable industries in North America. According to the International Air Transport Association (IATA), the commercial airline industry witnessed a net profit of USD 14.5 billion in 2018. The growing commercial air traffic is expected to drive the demand for aircraft mounts.
Key Market Players
Key players in the aircraft mounts market are LORD Corporation (US), GMT Rubber-Metal-Technic Ltd. (UK), Trelleborg AB (Sweden), Cadence Aerospace (US), MAYDAY Manufacturing (US), Shock Tech, Inc. (US), AirLoc Ltd. (US), VMC Group (US), and VibraSystems Inc. (US), among others.
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About the AuthorAkshata Sharma
Joined: July 22nd, 2019
Articles Posted: 107
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