Selbyville, Delaware, Jan. 16, 2019 (GLOBE NEWSWIRE) --
The aircraft door market is expected to grow from USD 5.5 billion in 2018 to USD 9.5 billion by 2025, according to a 2019 Global Market Insights, Inc. report. Rising air carrier fleets owing to increasing air passenger traffic will augment aircraft doors market growth over study timeframe.
Airline manufacturers are focusing on reducing the overall air carrier weight to enhance fuel efficiency and profitability. Government entities are taking initiatives to adopt innovative materials for structures. .
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In 2018, commercial aircrafts accounted for over 45% in aircraft doors market size owing to continuous increase in airplane deliveries. According to CAPA, in 2017, the commercial airlines deliveries rose to over 31,000 with an increase of around 4% as compared to 2016. Moreover, rising disposable income in conjunction with annual spending in emerging nations is scaling up the air carrier deliveries thereby enhancing the market share.
Cargo doors is expected to witness significant gains over the forecast period with rise in cargo transport. According to IATA, in 2018, the air cargo transportation crossed 60 million tonnes with an increase of around 4.5% as compared to 2017. Air cargo transportation holds significant share and accounts for over 35% global trade by volume. Airliners such as Cathway Pacific Airways are amplifying load bearing capacity to support cargo industry. Moreover, installation of separate cargo specific doors in areas such as bottom of upswept aft portion on underside of the fuselage to ease loading and unloading will support aircraft door market growth.
Hydraulic operating mechanism will register around 5.5% CAGR by 2025 owing to growing adoption of automatic actuation mechanisms for easy operation. The system allows superior accuracy and require less maintenance. Ongoing innovations offering high power to weight ratio and self-contained systems will induce significant potential in hydraulic aircraft door market size. However, rising concerns for system reliability in adverse weather conditions will limit its growth in aircraft doors marketplace.
Browse key industry insights spread across 400 pages with 675 market data tables & 12 figures & charts from the report, “Aircraft Door Market Size By Aircraft (Commercial Aircraft [Narrow Body, Wide Body], Regional Jet, Business Jet, Helicopter, Military Aircraft), By Door (Passenger, Cargo, Emergency, Landing Gear, Ground Service, Others), By Operating Mechanism (Manual, Hydraulic), By Distribution Channel (OEM, Aftermarket) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Poland, Russia, Netherlands, Sweden, China, India, Japan, South Korea, Singapore, Australia, Brazil, Mexico, Argentina, Saudi Arabia, Qatar, UAE, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/aircraft-door-market
OEM holds significant share with door installation during manufacturing. Component manufacturers are adopting innovative solutions to enhance time and cost efficiency of supply chain. Moreover, industry players are integrating supply chain to reduce complexity and ease material availability at each stage. Aftermarket segment will project a robust growth owing to the requirements for air carrier system replacement and continuous maintenance to ensure correct operation and passenger safety.
North America dominates aircraft doors market size owing to the presence of major airplane manufacturers such as Bombardier Aerospace, Boeing, and Lockheed Martin. Moreover, presence of large number of airports handling large traffic will positively influence the product demand. Asia Pacific will exhibit a robust growth with improving economic conditions and emergence of low-cost carriers.
Aircraft doors industry is consolidated with presence of major market participants including Latecoere, Saab AB, Mitsubishi Heavy Industries, Elbit Systems, and Aernnova Aerospace S.A. Manufacturers are strengthening their R&D capabilities for developing innovative solutions incorporating advanced mechanics and electrical actuation.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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