Global Aircraft Mounts Market is valued approximately at USD 606 million in 2019 and is anticipated to grow with a healthy growth rate of more than 7.1% over the forecast period 2020-2027. Mounting the aircraft attaches the engine to the airframe and helps to transfer the engine weight. The mounts are made of chrome-molybdenum tubular steel and are jointly welded to form the mounting structure. Increasing demand for airplane safety and comfort is expected to fuel demand over the forecast period. Demand for aircraft mounts is growing as demand for better flight experience increases. With the rise in worldwide air passenger traffic, demand for improved flight comfort by in-flight entertainment has increased.
For instance, as per world bank organization, worldwide number of air passengers were 3.7 billion in 2016 which increased to 3.9 billion in 2017 and further to 4.23 billion in 2018. Further, The International Air Transport Association (IATA) estimated that passenger numbers could increase to 8.2 billion in 2037. This rise in commercial traffic further encourages the aircraft mounts market to grow. In addition, increasing commercial aircraft manufacturing and similar repair and maintenance are likely to fuel market growth. However, high material costs are a major challenge for the growth of aircraft mounts industry. Whereas, Aircraft Mounts Production with 3D Printing Technology and emergence of aircraft manufactures in Asia-Pacific and Latin America are prominent factor expected to create significant growth opportunity in the market over the forecast period.
The regional analysis of global Aircraft Mounts market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the well-established aviation industry coupled with cheap air travel and wide presence of airline service providers in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as increasing number of commercial flights for domestic and overseas travel along with the growing tourism industry would create lucrative growth prospects for the Aircraft Mounts market across Asia-Pacific region.
Major market player included in this report are:
GMT Rubber-Metal-Technic Ltd.
Shock Tech, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By End Use:
By Aircraft Type:
General Aviation Aircraft
By Mount Types:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Aircraft Mounts Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers