Irving, Texas (PRWEB) December 27, 2012
Hit by global recession, the global aerospace raw materials industry declined during 2010-2011. It is now expected to grow to $29,104 million in 2017 with a CAGR of 4% over the next five years.
Lucintel, a leading global management consulting and market research firm, has analyzed the emerging trends and growth opportunities of the aerospace raw materials market by material type and by aircraft type. It presents its findings in the report, “Global Aerospace Raw Materials Market: 2012-2017.”
One of the challenges that global aerospace raw materials suppliers face is the cancellation of orders from aircraft original equipment manufacturers as well as raw materials suppliers. In addition, the fabrication of raw materials requires a highly skilled labor force, which is difficult to acquire at low-cost wages.
Lucintel’s research indicates two major drivers of this market. The replacement of aircraft in mature markets, such as North America and Europe, will increase demand for aircraft in those regions, which will grow the demand for raw materials. The other primary driver is the anticipated dynamic growth in emerging markets due to increasing numbers of low-cost carriers, open sky policies, and air traffic growth.
This market study reports on industry size, industry trends (2006–2011), and forecast (2012–2017) for the global aerospace raw materials market. It focuses on the recent developments and an in-depth analysis of the factors shaping the outlook for the aerospace raw materials market. Increasing fuel prices and greenhouse gases emissions regulation will drive the demand for advanced aerospace materials. Industry players that take the opportunity to engage the proper partners for alliances and take advantage of the growth prospects present in the
aerospace raw materials can be anticipated to benefit from the growth forecasts for this market.
This aerospace research report can be utilized for business development, strategic planning, determination of market size and trends, competitive analysis, investment decisions, and joint product development in global aerospace raw materials market and tap the prevailing huge opportunities with detailed knowledge of this particular market.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com.