Aircraft milled parts market size to reach $4.3B in 2025

Stratview Research has issued a report on Aircraft Milled Parts Market by Aircraft Type (Commercial Aircraft, Regional Aircraft, Helicopter, Military Aircraft, and General Aviation), by Application Type (Airframe, Engine, Interiors, and Others), by Material Type (Aluminum, Stainless Steel, Titanium, and Other Metals & Alloys), by End-User Type (OEM and Aftermarket), and by Region (North America, Europe, Asia-Pacific, Latin America, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2020-2025.

The report provides a comprehensive analysis that reflects today's aircraft milled parts market realities and future possibilities for the forecast period 2020 to 2025.

Per Stratview Research, the aircraft milled parts market is projected to grow at a healthy rate during the next five years to reach an estimated value of $ 4.3 billion in 2025.

The overall impact of the COVID-19 outbreak is still unpredictable, and yet the industry is optimist about its recovery. Huge order backlogs of Boeing and Airbus (13,237 aircraft at the end of Feb. 2020), accelerating demand for replacing iconic aircraft such as A380 and B747 with A321, A350XWB and B787, and the market entry of new aircraft programs such A321XLR, B777X, C919, and MC-21 are anticipated to assure a speedy recovery of the aircraft industry including milled parts.

Commercial aircraft is likely to remain the growth engine of the market during the forecast period, mainly driven by an expected increase in commercial aircraft deliveries in the coming years.

Based on the application type, the airframe segment is likely to maintain its unassailable dominance in the market during the forecast period. However, the engine segment is projected to witness the highest growth in the coming five years, mainly driven by a handful of engines, such as LEAP, GE9X, GEnx, PW F135, PW1000G, and Rolls-Royce Trent XWB and 7000.

Aluminum is projected to remain the most dominant material type in the aircraft milled parts market through the next five years, owing to its widespread usage and excellent track record in the aircraft industry. Titanium is estimated to be the fastest-growing material type in the market in years to come, mainly propelled by increased use of titanium in next-generation aircraft programs such as B787 and A350XWB.

North America is projected to remain the largest market for aircraft milled parts during the forecast period. The U.S. is expected to remain the growth engine of the North American market, while Asia-Pacific is expected to witness the highest growth during the forecast period, driven by upcoming indigenous aircraft programs such as COMAC C919 and Mitsubishi SpaceJet, and opening of assembly plants for Boeing and Airbus in China.

The report offers insights on market dynamics for strategic decision making for existing market players and those willing to enter the market. The following are key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter's five forces analysis, SWOT analysis
• Market trend, forecast analysis
• Market segment trend, forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches
• Attractive market segments, associated growth opportunities
• Emerging trends
• Strategic growth opportunities for existing, new players
• Key success factors

This report segments the global aircraft milled parts market five ways:

Aircraft Milled Parts Market, by Aircraft Type

• Commercial Aircraft
• Regional Aircraft
• Helicopter
• Military Aircraft
• General Aviation

Aircraft Milled Parts Market, by Application Type

• Airframe
• Engine
• Interiors
• Others

Aircraft Milled Parts Market, by Material Type

• Aluminum
• Stainless Steel
• Titanium
• Other Milled Parts

Aircraft Milled Parts Market, by End-User Type

• OEM
• Aftermarket

Aircraft Milled Parts Market, By Region

• North America
• Europe
• Asia-Pacific
• Rest of the World