breakdown of the global commercial airframe materials market from 2017-2021
Breakdown of the Global Commercial Airframe Materials Market from 2017-2021
The Global Commercial Airframe market is expected to be on an upward trend until 2021. Market analysts predict that total revenue growth for the overall market will total more than 5.4 billion dollars before 2021. This upward trend will be attributed to the rising number of orders for new-generation aircrafts. Air traffic is significantly raising in countries such as Indonesia, Russia, India, China and even the United States, making the demand for airframe materials increase.
With heavy investments in bettering the development of material that is associated with aircraft technology, America is expected to be the main contributor to revenue in this market. This demand has put a large amount of pressure on OEMs and suppliers to improve facilities and keep up with orders in a timely fashion. Over the next few years, most OEM’s and Suppliers are expecting to expand their operations to keep up with the demand. The expansion will include new product development, joint ventures, partnerships, collaborations and many agreements.
The overall predicted upwards trend of the Airframe Materials Market will place a heavy emphasis on aerospace components. Components are pieced together to form the overall frame, the more frames that are built, the more components that will be needed. This will create a surging demand for various components over the next few years. This will allow smaller businesses who only sell aircraft components to benefit and grow as well. The most popular airframes that will require components are expected to be narrow-body aircrafts, wide-body aircrafts, and regional aircrafts. Growth is also expected to occur in the aluminum industry, as many aircraft frames are now created using aluminum because of its lightweight material.
ASAP Logistic Solutions has a dedicated and expansive array of global aircraft airframe materials, making us the premier supplier of airframe components. We serve customers as a one-stop shop and primary destination for product sourcing. ASAP Logistic Solutions will ensure that your needs are addressed in the most expeditious and transparent manner, all the while offering cost-effective component solutions. If you are interested in a quote, please contact our friendly sales staff at www.asap-logisticsolutions.com or call 1-412-212-0606.