(MENAFN- America News Hour) Aircraft Mounts Market : which delivers a detailed overview of the global aircraft mounts market in terms of market segmentation by aircraft type, mount type, material, application, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis, and Porter's five force model. Aircraft mounts are structures that are used for various purposes such as shock absorption, noise reduction, weight distribution, support, and suspension. Since aircrafts mounts are generally light in weight with high strength and fracture-resistance, they are generally used in civil.
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The market for global aircraft mounts is projected to grow at a robust CAGR over the forecast period, i.e., 2021-2028. The growth of the market is attributed to the rising demand for enhanced safety and comfort in aircraft, growing adoption of external and internal mounts combined with the increase in the manufacturing of commercial and military aviation fleets.
The global market is segmented by aircraft type, mount type, material, application, by end-user, and by region. The aircraft type
segment is further categorized into . The commercial segment is projected to witness the largest share on the back of the rising air passenger traffic globally driven by tourism and other travel purposes.
On the basis of application, the engine mount segment is estimated to lead the market share over the forecast period on account of the increasing use of engine mounts to protect the various equipment found within the aircraft from any form of damage. These mounts have the capacity to reduce the movement of the engine that could happen as a result of abnormal shocks and loads.
Geographically, the global aircraft mounts market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Among these regions, the North American aircraft mounts market is expected to hold the largest share of the global during the forecast period on account of the presence of a well-established aviation industry combined with other factors such as cheap air travel and the strong presence of airline service providers in the region.
Rise In Requirement For Safety Features Along With The Comfort Of Passengers Within The Airplane
The growth in the adoption of mounts in the aviation industry has triggered the growth of the global aircraft mounts market. Various factors including the growing emphasis on increasing the safety of passengers while maintaining a level of comfort within the airplane are driving the market growth. The use of smart devices for operations which need to be mounted within the aircraft, along with the increase in manufacturing of commercial and military fleets are also some of the factors driving the growth of the global aircraft mounts market.
However, despite the rising demand for , high price of products by OEMs and unavailability of raw materials are few factors that are anticipated to restrain the growth of the global aircraft mounts market over the forecast period.
Major players include in the global Aircraft Mounts Market :
Parker Hannifin Corp (NYSE: PH), GMT Rubber-Metal-Technic Ltd., Mayday Manufacturing, National Products Inc., Meeker Aviation, Cadence Aerospace, LLC, Angerole Mounts, LLC, Hutchinson Inc., Trelleborg AB (STO: TREL-B), Shock Tech, Inc.
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The market also provides the existing competitive scenario of some of the key players of the global aircraft mounts market, which includes company profiling of The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global aircraft mounts market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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