Aircraft Door Market Analysis

Aircraft Door Market Analysis

The commercial aircraft doors market is likely to generate over USD 2.5 billion by 2027. Growth in commercial aircraft owing to increasing air passenger traffic is a major factor propelling the market demand. Increasing consumer spending coupled with preference toward air travel will increase air passenger traffic and proportionately fuel the aviation industry growth. The number of air travelers crossed 3.8 billion in 2016 and it will increase to more than 7 billion by 2035.
 

Aircraft door manufacturers are focusing on long-term growth strategies with aircraft companies and MROs, investing in the production and development programs, expanding their line of business, and accelerating quality & productivity to gain extra profits. Air travel costs are declining over the past few years due to a high degree of competition among airlines and increasing operating efficiency of airlines. Manufacturers are also enhancing their customer base in developing countries, such as India and China, to capitalize on the growth potential of the aviation industry.
 

Passenger doors market captured more than 15% volume share in 2020. Advanced passenger doors equipped with folding handrails and retractable steps that provide ease of operation and space optimization are augmenting the product penetration. The increasing adoption of passenger doors to maintain effective pressure difference and provide enhanced safety is strengthening the segment growth. Growing air passenger traffic propelled by improved consumer spending and the tourism industry is fueling the market size.
 

Hydraulic mechanism is poised to observe over 6% CAGR through 2027. The increasing adoption of hydraulic mechanisms is attributed to easy operation and reduced force application. Hydraulic actuated doors provide enhanced operational flexibility and accuracy of control, resulting in safe and economical actuation. The increasing installation of hydraulically actuated doors in cargo aircraft for easy and safe freight loading facilities will further support the market share.
 

The OEM segment is set to account for around 85% of the aircraft doors market revenue share by 2027. OEM dominates the overall market led by the increasing commercial aircraft production capacity of major manufacturers to fulfill the global demand. High defense allocation for the procurement and modernization of advanced fighter aircraft will also drive the market. Moreover, OEMs are involved in developing strategic alliances and partnerships to gain a competitive edge over other participants. In April 2016, Textron Aviation Inc. announced the augmentation of sales relationships with its channel partners Absolute Aviation Group and Africair Inc. by offering a complete product line in all the territories of Africa.
 

In 2020, Europe aircraft doors market generated about USD 1.2 billion impelled by the presence of multiple aircraft manufacturers including Daher, Stelia Aerospace, and Latecoere. The increasing prominence of low-cost carriers coupled with expanding regional connectivity will enhance the regional market demand.
 

Increasing import & export activities and rising demand for cargo aircraft are providing a positive outlook for the market expansion. In 2018, the European export of goods rose to USD 233.5 billion with a nearly 1.9% increase compared to 2017. The demand for cargo doors along with the rising volume of airfreights is further augmenting the market size. In February 2018, airfreight in Luxembourg airport rose to over 938 tones with an increase of 14% compared to 2016.