Market Overview:
The global aircraft milled parts market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for commercial and military aircraft across the globe. The global aircraft milled parts market has been segmented on the basis of type, application and region. On the basis of type, aluminum accounted for a major share in 2017 and is expected to maintain its dominance during the forecast period as well. Stainless steel is projected to be one of fastest growing segments during 2018-2030 owing to its properties such as corrosion resistance and durability. Titanium based components are used in high-end applications owing to their light weight characteristics which offer significant weight savings over traditional materials used in aerospace industry .On account of these benefits, titanium based components are witnessing increasing demand from various end users including airframe manufacturers, engine OEMs etcetera .
Product Definition:
Aircraft milled parts are machined components used in the construction and repair of aircraft. They are made from high-quality materials such as aluminum, titanium, and steel, and they must meet stringent tolerances to ensure safe and efficient operation of aircraft systems. Aircraft milled parts are important because they play a critical role in the safe functioning of aircraft.
Aluminum:
Aluminum is a lightweight, strong, and versatile metal that has excellent corrosion resistance. It can be recycled and reused making it environmentally friendly. Aluminum alloys are used in aircraft parts such as engine components, landing gear components to reduce the weight of the aircraft which results in lower fuel consumption. The material also helps to increase the strength of an object while reducing its size thus making it suitable for use in commercial aviation applications.
Stainless Steel:
Stainless steel is a type of steel that has been alloyed with chromium and nickel. The product finds use in aircraft-milled parts owing to its high strength, ductility, corrosion resistance, and low maintenance properties. It is widely used in the manufacturing of flight critical components such as landing gear struts & arms, engine mounts & brackets due to it's higher strength than aluminum or carbon fiber.
The global stainless steel market size was valued at USD 3.
Application Insights:
The airframe application segment led the global aircraft milled parts market and accounted for more than 45.0% share of the total revenue in 2017. The growth is attributed to an increase in demand for commercial aircraft, which are manufactured using lightweight materials with high strength-to-weight ratio. These materials help reduce the overall weight of an aircraft, thereby increasing its range and speed.
Engine application segment is expected to witness a significant growth rate over the forecast period owing to rising demand from regional airlines as well as major carriers for narrow-body and wide-body fleet types, including Airbus A320 family, Boeing 737 family and other similar models operated by regional airline operators around the world. Engine manufacturers such as General Electric Company; Honeywell International Inc.; Pratt & Whitney; Rolls Royce plc; Safran Aircraft Engines Ltd.
Regional Analysis:
Asia Pacific dominated the global aircraft milled parts market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand for commercial aircraft, especially from China and India. In addition, rising disposable income coupled with a growing preference for air travel is likely to drive regional growth over the coming years.
Europe accounted for a significant share of global revenue in 2017 owing to high demand from countries such as Germany, France and Italy that are major manufacturers of aircraft parts along with other aerospace components. North America also contributed significantly towards overall industry growth due to high production levels associated with light military & business jets along with general aviation planes produced by companies such as Cessna Aircraft Company LLC.
Growth Factors:
- Increasing demand for aircraft milling parts from the commercial and defense sectors
- Growing popularity of additive manufacturing technology for the production of aircraft milling parts
- Rising investments in research and development activities for the advancement of aircraft milling parts technology
- Proliferation of lightweight materials used in the manufacture of aircraft milling parts
- Emergence of new players in the market
Scope Of The Report
Report Attributes
Report Details
Report Title
Aircraft Milled Parts Market Research Report
By Type
Aluminum, Stainless Steel, Titanium, Others
By Application
Airframe, Engine, Interiors, Others
By Companies
Air Industries Group, Inc, GKN plc, Precision Castparts Corp, Magellan Aerospace Corp, Senior plc, Spirit AeroSystems, Inc, Triumph Group Inc, MinebeaMitsumi Inc, Gardner Aerospace, LMI Aerospace, Inc, Cox Manufacturing, Owens Industries, Machine Specialties，Inc, Ardel, SR Machining, AVIC
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Aircraft Milled Parts Market Report Segments:
The global Aircraft Milled Parts market is segmented on the basis of:
Types
Aluminum, Stainless Steel, Titanium, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Airframe, Engine, Interiors, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Air Industries Group, Inc
- GKN plc
- Precision Castparts Corp
- Magellan Aerospace Corp
- Senior plc
- Spirit AeroSystems, Inc
- Triumph Group Inc
- MinebeaMitsumi Inc
- Gardner Aerospace
- LMI Aerospace, Inc
- Cox Manufacturing
- Owens Industries
- Machine Specialties，Inc
- Ardel
- SR Machining
- AVIC
Highlights of The Aircraft Milled Parts Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Aluminum
- Stainless Steel
- Titanium
- Others
- By Application:
- Airframe
- Engine
- Interiors
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Aircraft Milled Parts Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Aircraft milling is the process of machining parts from a solid block of metal. The part is cut into small, precise pieces that can be assembled together to create an entire aircraft or other large object. Aircraft milling is one of the most advanced and complex manufacturing processes, and it requires precision tools and equipment in order to produce high-quality parts.
Some of the major players in the aircraft milled parts market are Air Industries Group, Inc, GKN plc, Precision Castparts Corp, Magellan Aerospace Corp, Senior plc, Spirit AeroSystems, Inc, Triumph Group Inc, MinebeaMitsumi Inc, Gardner Aerospace, LMI Aerospace, Inc, Cox Manufacturing, Owens Industries, Machine Specialties，Inc, Ardel, SR Machining, AVIC.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aircraft Milled Parts Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Aircraft Milled Parts Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Aircraft Milled Parts Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Aircraft Milled Parts Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Aircraft Milled Parts Market Size & Forecast, 2018-2028
4.5.1 Aircraft Milled Parts Market Size and Y-o-Y Growth
4.5.2 Aircraft Milled Parts Market Absolute $ Opportunity
Chapter 5 Global Aircraft Milled Parts Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Aircraft Milled Parts Market Size Forecast by Type
5.2.1 Aluminum
5.2.2 Stainless Steel
5.2.3 Titanium
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Aircraft Milled Parts Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Aircraft Milled Parts Market Size Forecast by Applications
6.2.1 Airframe
6.2.2 Engine
6.2.3 Interiors
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Aircraft Milled Parts Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Aircraft Milled Parts Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Aircraft Milled Parts Analysis and Forecast
9.1 Introduction
9.2 North America Aircraft Milled Parts Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Aircraft Milled Parts Market Size Forecast by Type
9.6.1 Aluminum
9.6.2 Stainless Steel
9.6.3 Titanium
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Aircraft Milled Parts Market Size Forecast by Applications
9.10.1 Airframe
9.10.2 Engine
9.10.3 Interiors
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Aircraft Milled Parts Analysis and Forecast
10.1 Introduction
10.2 Europe Aircraft Milled Parts Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Aircraft Milled Parts Market Size Forecast by Type
10.6.1 Aluminum
10.6.2 Stainless Steel
10.6.3 Titanium
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Aircraft Milled Parts Market Size Forecast by Applications
10.10.1 Airframe
10.10.2 Engine
10.10.3 Interiors
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Aircraft Milled Parts Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Aircraft Milled Parts Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Aircraft Milled Parts Market Size Forecast by Type
11.6.1 Aluminum
11.6.2 Stainless Steel
11.6.3 Titanium
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Aircraft Milled Parts Market Size Forecast by Applications
11.10.1 Airframe
11.10.2 Engine
11.10.3 Interiors
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Aircraft Milled Parts Analysis and Forecast
12.1 Introduction
12.2 Latin America Aircraft Milled Parts Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Aircraft Milled Parts Market Size Forecast by Type
12.6.1 Aluminum
12.6.2 Stainless Steel
12.6.3 Titanium
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Aircraft Milled Parts Market Size Forecast by Applications
12.10.1 Airframe
12.10.2 Engine
12.10.3 Interiors
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Aircraft Milled Parts Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Aircraft Milled Parts Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Aircraft Milled Parts Market Size Forecast by Type
13.6.1 Aluminum
13.6.2 Stainless Steel
13.6.3 Titanium
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Aircraft Milled Parts Market Size Forecast by Applications
13.10.1 Airframe
13.10.2 Engine
13.10.3 Interiors
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Aircraft Milled Parts Market: Competitive Dashboard
14.2 Global Aircraft Milled Parts Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Air Industries Group, Inc
14.3.2 GKN plc
14.3.3 Precision Castparts Corp
14.3.4 Magellan Aerospace Corp
14.3.5 Senior plc
14.3.6 Spirit AeroSystems, Inc
14.3.7 Triumph Group Inc
14.3.8 MinebeaMitsumi Inc
14.3.9 Gardner Aerospace
14.3.10 LMI Aerospace, Inc
14.3.11 Cox Manufacturing
14.3.12 Owens Industries
14.3.13 Machine Specialties，Inc
14.3.14 Ardel
14.3.15 SR Machining
14.3.16 AVIC
