Aircraft Elevator Global Market Report 2024

“Aircraft Elevator Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on aircraft elevator market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for aircraft elevator? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The aircraft elevator market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Product: Horizontal Stabilator Aircraft Elevator; Elevons Aircraft Elevator; Levcons Aircraft Elevator
• 2) By Wing: Fixed-Wing Aircraft; Rotary Wing Aircraft
• 3) By Aircraft: Narrow Body Aircraft; Wide Body Aircraft; Regional Jet; Other Aircrafts
• 4) By Application: Commercial Air Transport; Business and General Aviation; Military Aviation
• Companies Mentioned: Honeywell International Inc.; BAE Systems plc; Moog Inc.; Liebherr Group; Airbus SE
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

An aircraft elevator is a crucial flight control surface responsible for managing lateral movement along the aircraft's axis. It specifically regulates the nose position from the tail part, effectively controlling the wing angle by adjusting the airfoil of the horizontal stabilizer.

The primary types of aircraft elevator products include the horizontal stabilator aircraft elevator, elevons aircraft elevator, and levcons aircraft elevators. A horizontal stabilator aircraft elevator is a fixed horizontal surface positioned at an aircraft's tail, ensuring stability and control in pitch-managing the aircraft's up-and-down motion. This type encompasses both fixed-wing and rotary-wing aircraft and serves various aircraft categories such as regional jets, wide-body aircraft, among others. Its applications span across commercial air transport, business and general aviation, and military aviation.

The aircraft elevator market consists of sales of horizontal stabilizer aircraft elevators, elevon aircraft elevators, levcon aircraft elevators, hydraulic systems, and maintenance and support equipment. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The aircraft elevator market size has grown strongly in recent years. It will grow from $3.23 billion in 2023 to $3.42 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The expansion observed in the historical period can be attributed to environmental considerations, increased demands for maintenance and services, the globalization of air travel, retrofitting and upgrading initiatives, as well as intensified market competition.

The aircraft elevator market size is expected to see strong growth in the next few years. It will grow to $4.29 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The anticipated growth in the upcoming period can be credited to the integration of advanced materials, the implementation of automation and smart systems, rising demand for electric aircraft, the expansion of urban air mobility, and the integration of connectivity and IoT. Significant trends expected in this forecast period encompass improved safety features, the acceleration of digitalization and connectivity, the adoption of modular and scalable designs, and a heightened focus on enhancing user experiences.

The surge in demand for cargo services is poised to drive the expansion of the aircraft elevator market in the foreseeable future. Cargo services involve transporting goods and commodities between different locations. This escalated demand for cargo services is anticipated to necessitate more aircraft, consequently increasing the need for aircraft elevators. For instance, as reported by Air Cargo News in January 2022, there was a 6.9 percent rise in cargo services in 2021 compared to the previous year, indicating a significant demand for aviation freight during that period. Hence, the escalating need for cargo services is a key factor propelling the growth of the aircraft elevator market.

The burgeoning tourism sector is expected to fuel the growth of the aircraft elevator market in the coming years. The tourism industry encompasses a wide range of activities and services related to travel and leisure. Aircraft elevators play a vital role in this industry by ensuring the efficiency and functionality of commercial passenger aircraft, facilitating smooth boarding and disembarking processes for travelers, and contributing to overall air travel safety and experience. For instance, data from the Ministry of Business, Innovation, and Employment in December 2022 revealed that tourism spending in New Zealand surged to $26.5 billion, marking a 2.7% ($704 million) growth compared to the previous year. Furthermore, overseas visitor arrivals to the country showed a notable increase of 335.3%, reaching 229,370. Additionally, tourism made a direct contribution of $10.0 billion to the GDP, accounting for 3.0% of the GDP and exhibiting a growth of 1.3%. Thus, the escalating tourism industry is a driving force behind the growth of the aircraft elevator market.

Collaborative partnerships have emerged as a prominent trend within the aircraft elevator market. Major players in this sector are increasingly engaging in partnerships to foster new relationships aimed at advancing aircraft elevator technologies. For instance, in June 2021, Lilium GmbH, a Germany-based aerospace company, forged a partnership with Honeywell International, Inc., a US-based conglomerate. This collaboration's objective was to jointly develop the electronics and mechanical systems for the 7-seater Lilium Jet, an electric vertical takeoff and landing (eVTOL) aircraft. Another notable partnership occurred in October 2022 between BAE Systems plc, a UK-based aerospace company, and Supernal, a US-based aviation and aerospace component manufacturer. This collaboration focused on exploring product development for the future of aircraft electrification. Under a memorandum of understanding, the companies aimed to investigate the creation of electric energy management systems for urban air mobility vehicles.

In July 2023, Safran S.A., a French company specializing in aircraft engine design and manufacturing, completed the acquisition of Collins Aerospace's high-technology actuation and flight control activities for $1.8 billion. This strategic acquisition was aimed at bolstering Safran S.A.'s presence in the realm of mission-critical flight control and actuation systems. Collins Aerospace, a US-based technology company, is engaged in designing, manufacturing, and servicing systems and components across various industries, including commercial aviation, business aviation, military, and defense.

In January 2021, Loar Group Inc., a US-based aerospace and defense company, acquired Safe Flight Instrument LLC. This acquisition, made for an undisclosed amount, was intended to expand Loar Group Inc.'s expertise in engineering, design, manufacturing, repair, and overhaul. The acquisition aimed to enhance the company's capabilities in addressing more specialized manufacturing and technological challenges for its clients. Safe Flight Instrument LLC, based in the US, is a manufacturer of aircraft and flight control systems.

Major companies operating in the aircraft elevator market report are Honeywell International Inc., BAE Systems plc, Moog Inc., Liebherr Group, Airbus SE, Fujitec Company Limited, Hyundai Elevator Co. Ltd., Otis Worldwide Corporation, PAR Technology Corporation, Toshiba Corporation Elevator and Building Systems Corporation, United Technologies Corporation, Mitsubishi Electric Corporation, Harbin Hafei Airbus Composite Manufacturing Co. Ltd., Crane Holdings Co., Coastal Elevator Service Corporation, Nabtesco Corporation, Leonardo S.p.A., Taneja Aerospace & Aviation Ltd., Triumph Group Inc., Xizi United Holdings Limited, Sigma Elevator Company, SJEC Corporation, Raytheon Technologies Corporation, Textron Aviation Inc., Hitachi Ltd., KONE Corporation, ThyssenKrupp AG, Collins Aerospace, Curtiss-Wright Corporation, Aerospace Technologies Inc.

Asia-Pacific was the largest region in the aircraft elevator market in 2023. Europe is expected to be the fastest-growing region in the global aircraft elevator market report during the forecast period. The regions covered in the aircraft elevator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the aircraft elevator market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The aircraft elevator market consists of sales of ailerons, elevator trim tabs, and rudders. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.