Increasing preference of consumers towards air travel has expanded air carrier fleets, fostering aircraft door market share over the past few years. According to the International Air Transport Association (IATA), the passenger traffic has witnessed a considerable increased to reach 4 billion in 2017, with an increase of more than 8% compared to 2016.
Several manufacturers of air carriers such as Airbus, Bombardier and Boeing have been upgrading their facilities to catch up with their previous backlog as well as the rising demand. For example, production backlog of Airbus jetliners was more than 7,300 as of November 2018. Rise in the provision of lucrative offers from low cost carriers have expanded the travel network to numerous cities.
Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/2434
Lower fare rates have encouraged more passengers to adopt air travel for longer distance which will substantially bolster aircraft door industry outlook. Major regional airlines are also growing, with Air Canada itself adding more than 10 new carriers in 2017 to its wide-body fleet which would help serve international destinations.
Numerous initiatives taken by governments for the development of lightweight, efficient, durable, and innovative materials to manufacture doors will propel the expansion of aircraft doors industry size over the projected time period. The European Commission had funded researchers for the development of carbon nanotube technologies which can be used for exit systems in the plane.
Organizations such as Federal Aviation Administration (FAA), United States Environmental Protection Agency (EPA) and International Civil Aviation Authority are involved in the monitoring of structures in the aviation industry to monitor carbon emission from airplanes.
Moreover, FAA has enforced an advisory circular 25.783-1A which states the requirement of fuselage doors for passenger safety.
Rise in the number of new plane deliveries for commercial airlines had led the commercial aircraft segment account for nearly 45% of global aircraft door market share in 2018. As per CAPA, the deliveries of commercial airline had risen to more than 31,000 in 2017 which amounted to an increase of nearly 4% compared to 2016.
With the surge in the disposable income at hand, the annual expenditure in developing nations have increased dramatically which has helped boost air traffic for domestic and international flights, fueling aircraft door market size.
Cargo doors segment has been anticipated to experience a substantial growth with increasing cargo transport over the analysis period of time. As per IATA, air cargo transportation had surpassed 60 million tons accompanied with an increase of nearly 4.5% in 2018 as compared to 2017.
Air cargo transportation accounts for a considerable share and holds 35% of global trade in terms of volume. Additionally, cargo specific doors are installed in areas like the bottom of the upswept aft portion that help ease loading as well as unloading. Expanding global trade will certainly boost the deployment of cargo doors over the coming years.
OEMs account for substantial share pertaining to installation of doors during manufacturing. The component manufacturers have been adopting various innovative solutions that improves both supply as well as efficiency of the supply chain. Additionally, market players prefer integrated supply chain in order to ease the availability of materials and reduce complexities at each stage.
Request for customization @ https://www.gminsights.com/roc/2434
Constant maintenance to confirm passenger safety and correct operations coupled with the need to replace older air carrier systems will drive the aftermarket segment and exhibit a sturdy growth. Increased manufacturing of business jets and military cargo planes will provide a robust growth platform for aircraft door market size in the forthcoming years.
Table of Contents (ToC) of the report:
Chapter 1. Methodology and Scope
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definition and forecast parameters
1.2. Data Sources
Chapter 2. Aircraft Door Market Summary
2.1. Aircraft door industry 3600 synopsis, 2013 - 2025
2.1.1. Business trends
2.1.2. Aircraft trends
2.1.3. Door trends
2.1.4. Operating mechanism trends
2.1.5. Distribution channel trends
2.1.6. Regional trends
Chapter 3. Aircraft Door Market Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2025
3.3. Industry ecosystem analysis
3.3.3. Profit margin analysis
3.3.4. Distribution channel analysis
3.3.5. Vendor matrix
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/aircraft-door-market