Aerospace Drive Belts Market: Global Industry Trend Analysis 2012 to 2017 and Forecast 2017 - 2025

Aerospace Drive Belts  Market
  • Report code : PMRREP21277 |
  • Industry : Automotive |
  • To Be Published : Apr-2020 |
  • Status : Work in progress |
  • Format : Aerospace Drive Belts  Market Aerospace Drive Belts  Market Aerospace Drive Belts  Market Aerospace Drive Belts  Market

Global Aerospace Drive Belts Market: Introduction

Aerospace drive belts are used in alternators and generators of aircraft engines. Most of the aerospace drive belts manufactured by the companies are utilized by the general purpose aviation industry. The aerospace drive belts with V-shape are mostly preferred owing to high power transmission capacity and excellent grip properties. The general aviation industry has shown steady progress towards recovery and will continue the same in the coming period. However, aerospace drive belts market is highly cyclical and shows ups and downs. Manufacturers offer their products to the prominent companies including Airbus, Avcraft, Boeing Business Jets, Bombardier, Cirrus, Dassault Falcon Jet, Maule Air Incorporated, and Textron Aviation. Increase in outbound tourism from China and other countries is estimated to bolster the growth in aerospace drive belts market. Moreover, air travel in emerging countries is growing, thus augmenting the demand for aircraft engine maintenance, repair and operation (MRO) services related to aerospace drive belts. Albeit, alternators with gear drives competes with aerospace drive belts.

Global Aerospace Drive Belts Market: Market Dynamics

Nearly one-third of passenger aircraft and freighters demand needed for replacement, along with substantial demand for new aircrafts by 2030 is expected to surge the growth of aerospace drive belts. In addition, general economic growth and corporate profits are significant factors contributing to demand aircrafts and consequently raising the demand for aircraft drive belts. Manufacturers are poised to develop aircraft drive belts more reliable and to embody lightweight designs. Expansion of commercial aircraft fleet will likely to facilitate additional growth in aerospace drive belts market.

The increased number of protectionist policies in Western countries challenges the trend toward increased air service liberalization. Moreover, microeconomic factors that are omnipresent across the aviation industry, including, intensified competition coupled with low fuel prices are expected to stimulate the demand for new aircraft fleet. Economic crisis caused due to low energy prices may likely to impede the pace of aviation industry and subsequently, impacting the aerospace drive belts market.

Global Aerospace Drive Belts Market: Market Segmentation

Global Aerospace Drive Belts market can be segmented on the basis of product type, sales channel, application and regions

On the basis of product type, global aerospace drive belts market can be segmented as

  • Timing belts
  • Open-ended Belts
  • V- and V-ribbed Belts

On the basis of sales channel, global aerospace drive belts market can be segmented as

  • Rubber
  • Polyurethane
  • Others

On the basis of application, global aerospace drive belts market can be segmented as

  • Military Aerospace
  • Commercial Aerospace
  • Others (Special Purpose etc.)

Global Aerospace Drive Belts Market: Regional Outlook

Aviation growth in European countries is slower than aviation growth in emerging countries, the region’s hefty installed base of airplanes supports the substantial demand for spare part replacement and MRO activities. North America and the Asia Pacific are expected to dominate the market share in terms of new aircraft deliveries. The aerospace drive belts market is expected to remain stable in several important markets in the Latin America and Asia-Pacific regions owing to marginal demand for business jets in the region. ASEAN countries are an important growth market, driven mainly by businesses that have international global supply chains. The Middle East and African market shares are foreseen to contract as compared to prior years. In Japan, the business environment is currently stable, thus, the volume of business flights is poised to increase slightly, but not dramatically. Furthermore, as Japan is gearing up for the Rugby World Cup in 2019 and Paralympics in 2020, the country is preparing itself for a surge in demand for business jets.

Global Aerospace Drive Belts Market: Key Participants

Examples of prominent market participants in the global aerospace drive belts market discerned across the value chain include Continental AG, Hutchinson S.A., McFarlane Aviation, Inc., and  Avco Corporation (Lycoming Engines).

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

Aerospace Drive Belts Market

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