Aerospace Sheets Market is Forecasted to Reach US$ 2.4 Billion in 2028, Says Stratview Research

Stratview Research, a global market research firm, has launched a report on the global aerospace sheets market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:

https://www.stratviewresearch.com/Request-Sample/1853/aerospace-sheets-market.html#form

Market Statistics:

Market Size in 2022: US$ 1.65 billion

Market Size in 2028: US$ 2.4 billion

Growth (CAGR): 4.6% during 2023-2028

Cumulative Sales Opportunity 2023 to 2028: US$ 13.01 billion

Leading Platform Type: Commercial Aircraft

Leading Material Type: Aluminum & Alloys

Leading Sales Channel Type: Direct Sales

Leading Product Type: Hot-Rolled Sheets

Leading Region: North America

Forecast Period: 2023-2028

Trend Period: 2017-2021

Base Year: 2022

Number of Segments Covered: 5

Number of Tables & Graphs: 100+

Country-Level Market Assessment: 20

Segment Insights & Market Share Analysis of the Aerospace Sheets Market:

The global aerospace sheets market is segmented based on platform type, material type, sales channel type, product type, and region.

Based on platform type –

·        The aerospace sheets market is segmented into commercial aircraft, regional aircraft, general aviation, military aircraft, helicopter, and spacecraft. 

·        Commercial aircraft is expected to remain the largest and fastest-growing platform type in the market during the forecast period. Recovering production of aircraft, probable market entry of new aircraft, and an incessant requirement of mill products, are the key reasons behind the segment’s healthy growth in the long run.

Based on material type –

·        The market is segmented into titanium & alloys, aluminum & alloys, steel & alloys, and others. 

·        Aluminum & Alloys captured the lion’s share in 2022, whereas titanium & alloys are expected to grow at the highest rate during 2023-2028. Titanium offers a remarkable weight advantage for aerospace structures as its density is 40% less than that of steel- or nickel-based alloys.

·        The material brings a range of advantages to the table including tensile strength better than that of austenitic or ferritic stainless steels, extraordinary stiffness and toughness, and a high melting point.

To know the most attractive segments, click here for a free sample of the report:

https://www.stratviewresearch.com/Request-Sample/1853/aerospace-sheets-market.html#form

Which region shows the most promising growth forecast and opportunity?

The analysis suggests that North America is expected to hold the major share in the aerospace sheets market during the forecast period. This growth outlook is mainly attributed to the following:

-      The USA is the growth engine of the region’s market with the presence of major aircraft OEMs, tier players, raw material suppliers, and part fabricators. Most of the sheet suppliers have their presence in the region to address the emergent needs of OEMs and to be the partners for their upcoming aircraft programs or upcoming fuel-efficient variants of existing aircraft programs.

Likewise, Asia-Pacific is likely to recoup at the fastest rate during the same period. The highest growth of the region is mainly attributable to the increasing aircraft fleet to support rising passenger traffic; the opening of assembly plants of Boeing and Airbus for multiple aircraft programs; and increasing procurement of military aircraft, owing to the rising defense budget and upcoming indigenous aircraft, C919. China, Japan, and India are likely to remain the major markets in the region.

Aerospace Sheets Market Drivers:

Some of the key drivers listed in the report are given below.

-      The continual rise in aircraft deliveries.

-      And the wide range of applications of sheets such as fuselage and pressure cabin skin.

Competitive Landscape: Top Companies in the Aerospace Sheets Market:

The market is moderately fragmented, with over 20 players. Most of the major players compete on some of the governing factors, including price, service offerings, regional presence, etc. Stratview Research has identified the following companies as the top market players:

-         Arconic Corporation

-        VSMPO-AVISMA Corporation

-        Allegheny Technologies, Inc.

-        Titanium Metals Corporation (TIMET)

-        Constellium SE

-        Kaiser Aluminum Corporation

-        Carpenter Technology Corporation.

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the aerospace sheets market, answering critical questions like

-      How big is the sales opportunity?

-      Which regions offer the best sales opportunities?

-      Which are the most attractive market segments?

-      Which are the top players and their market positioning?

-      How complex is the business environment?

-      What are the factors affecting the market?

For Customization or Any Other Queries, get in Touch with our industry experts at sales@stratviewresearch.com

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About us –

Stratview Research is a global market research and consulting firm that highly specializes in IT & telecom, aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to make convincing business decisions.

Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

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