Global Fuselage Market Is Expected To Surpass USD 53.3 BN By 2025
Posted On April 18, 2019
The Global Fuselage Market was valued USD 33.2 BN (by revenue) in 2018 and is will reach close to USD 53.3 BN by 2025 as per a recently released market report by Value Market Research. The market anticipates a CAGR of 7% from 2019 to 2025. The fuselage is a long hollow tube which holds all the pieces of an airplane together and is basically designed to accompany the crew, passengers, and cargo. It also offers a structural connection for the wings and tail components. Monocoque (French for “single shell”) and semi-monocoque are the most popular types of fuselage structure used in today's aircraft in order to reduce the aircraft weight. Therefore, the fuselage helps to position and stabilize the aircraft for enhanced performance and maneuverability.
According to the report, the market of the fuselage is mainly growing on the account of the rising number of aircraft deliveries across commercial and military sectors. High defense procurement budgets in the military sector along with the strong support from the government for new product development and export sales are also expected to promote industrial expansion. Increasing passenger mobility coupled with the high level of international partnership among major players has also driven the demand for commercial aircraft. This, in turn, is propelling market growth of fuselage. Rising production of Airbus's and increasing adoption of aircraft MRO activity will further favor the market growth.
The report “Global Fuselage Market Report By Product (Top Panel, Left Panel, Right Panel, Bottom Panel And Floor), By Application (Single Aisle Aircraft, Double Aisle Aircraft And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation, And Forecast, 2018-2025" studies various market perspective based on the regional and global data. The market data provided in the report, assist is assessing the probable future growth path of the market and according plan the next strategic move.
Market segmentation section of the report covers product, application, and region. Product segment includes top panel, left panel, right panel, bottom panel, and floor. Out of which, the top panel is dominating the segment and is likely to maintain its dominance over the forecast period. This can be attributed to the rising production of aerostrucures components coupled with the increasing funding by the government for the development of advanced aerostructures. Application segment includes single-aisle aircraft, double aisle aircraft, and others.
Single-aisle aircraft is gaining hype in the market owing to greater efficiency and enhanced passenger comfort as it is mainly designed for regional transportation. However, a growing number of the commercial aviation network along with the increasing production of regional aircraft is expected to propel the segment growth. The geographical analysis covered top-five region includes North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. At present, North America is accounted for the highest share in the global fuselage market owing to the increased investment in the development of aviation aircraft. Also, the market is expected gain benefit owing to the presence of one of the strongest player in the region i.e. Triumph Group Inc. which is the largest producer of fuselage components.
The Report Segments Global Fuselage Market -
- Top Panel
- Left Panel
- Right Panel
- Bottom Panel
- Single Aisle Aircraft
- Double Aisle Aircraft
- North America
- Latin America
- Middle East and Africa
Players Profiled In The Report:
Airbus, Easterline, GKN Aerospace, Goodrich Corp., Hamilton Sundstrand, Messier-buggati-Dowty and Triumph Group Inc.
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