The aircraft brackets market size is projected to reach US$ 512.2 million by 2031 from US$ 324.2 million in 2023 to register a CAGR of 5.9% during 2023–2031.
NEW YORK, Oct. 9, 2024 /PRNewswire/ — According to a new comprehensive report from The Insight Partners, the global aircraft brackets market is observing healthy growth owing to the increasing global fleet of aircraft and growing deliveries of narrow body aircraft models.
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Global aircraft brackets market experiences increase in demand for aluminum brackets. Browse More Insights: https://www.theinsightpartners.com/reports/aircraft-brackets-market
The report runs an in-depth analysis of market trends, key players, and future opportunities. In general, the aircraft brackets are an essential component in aircraft manufacturing, that is used for joining different parts which can support the overall weight of all the parts' weight that also allows to strengthen the joints in an aircraft.
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Overview of Report Findings:
Market Growth: The aircraft brackets market is expected to reach US$ 512.2 million by 2031 from US$ 324.2 million in 2022, at a CAGR of 5.9% during the forecast period. Increasing orders and deliveries of narrow body aircraft is one of the major factors driving the growth for aircraft brackets market. The aviation industry has matured rapidly over the years, recording a significant number of aircraft production and deliveries. This has showcased massive order volumes for various commercial aircraft manufacturers worldwide. Commercial aviation is foreseen to surge in the coming years with an increase in air travel passengers and aircraft volumes.