Press Release

Aircraft Strut Market are expected to surpass US$ 8.5 Billion by 2032

Aircraft Strut Market

An essential element in the construction of an aeroplane is the aircraft strut. Daily traffic on aeroplanes is growing as more trips are being covered by a single aircraft, all while ensuring a smooth and risk-free takeoff and landing. An essential part of an aircraft during landing and takeoff is the landing gear, which uses aircraft struts to cushion the impact of takeoff and landing. The majority of shock struts are designed with an axle built into the bottom cylinder to facilitate mounting the aircraft wheels.

According to projections, the size of the global aircraft strut market will be US$ 3.9 billion in 2022 and will increase at a CAGR of 6.5 percent from 2022 to 2032. An rise in the procurement of profitable and efficient regional jets and narrow-body aircraft is predicted to boost the market. According to the analysis, sales of aeroplane struts will top US$ 8.5 billion by 2032.

Low-cost airlines have expanded their business during the last ten years, and as of now, they account for more than 30% of the commercial aviation market. Since single aisle aircraft can only operate on short routes and have a smaller profit margin than multi-aisle aircraft, low cost carriers (LLC) operators prefer to use them.Airlines are investing in regional jets and narrow-body aircraft that are profitable on short distance flights and efficient at connecting local airports to expand a nation’s aviation network. The majority of the 1,600 aircraft supplied by Boeing and Airbus collectively in the preceding year were narrow body aircraft. Additionally, the main landing gear configuration differs between wide-body and narrow-body aircraft, although the nose landing gear configuration is the same. As a result, it will affect the market for aeroplane struts.

Market Participants:

  • Circor Aerospace, Inc.
  • PCC Aero Structures
  • Crompton Technology Group Ltd.
  • Malabar Inc.
  • New Brow Aerospace
  • Fiber Dynamics, Inc.
  • Lefiell Manufacturing Co.
  • Bansbach Easylift of North America
  • Birken Manufacturing
  • Robart Mfg
  • Wicks Aircraft Supply
  • QRP, Inc.

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