What is the future of Aircraft Doors Market? Know Covid Impact on Size, Share & Forecasts

The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Aircraft Doors Market.

It was estimated prior to this unanticipated outbreak that the Aircraft doors market was likely to witness an impressive CAGR of 9.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Aircraft Doors Market Segment Insights:

By Application Type:

The commercial aviation segment is estimated to remain dominant in the coming five years. The customer base of commercial aircraft is burgeoning across all regions globally. Airlines operating in the Middle East and Asia-Pacific are gaining distinction in the global aviation industry. Rising air passenger traffic has awakened the airline operators to improve aircraft fleet size, thereby significantly contributing to an upsurge in the procurement of new aircraft orders.

By Door Type:

The rise in the delivery of passenger doors for commercial aircraft is expected to bolster the growth of the passenger doors segment during the forecast period.

By End-User Type:

In the recent years, there has been an unprecedented rise in demand for single-aisle aircraft majorly in the Asia-Pacific region. As per the Boeing Global Market Outlook 2016, the Asia-Pacific region accounts for 2,460 single-aisle airplane orders that are required to be completed over the next 20 years. Rise in aircraft deliveries is estimated to propel the growth of the OEM segment of the aircraft doors market during the forecast period.

By Region:

North America is estimated to lead the aircraft doors market during the forecast period. The market is driven by the presence of major commercial aircraft manufacturers and airlines, such as Boeing (US), American Airlines (US), United Airlines (US), and Bombardier (Canada). The aircraft doors market in the Asia-Pacific region is expected to register the highest growth in the coming five years. This growth is owing to the rise in aircraft production in the emerging economies, such as India and China. Europe is also expected to offer substantial growth opportunities during the forecast period.