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Aerospace Accumulator Market Share

Report ID: GMI2344
Published Date: Jul 2020
Report Format: PDF

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Aerospace Accumulator Market Share

The aerospace accumulator industry is very competitive, and technology plays a crucial role in strengthening industry share. The major players operating in the product space are

Parker Hannifin
Valcor Engineering Corporation
Senior Metal Bellows
Eaton Corporation
Arkwin Industries
Haydac Technologies
Bosch Rexroth
Triumph Group
Flexial Corporation
Ametek Inc.
TECHNETICS GROUP
APPH Group

Industry players are focusing on research & development for technological advancements to gain competitive advantage over other companies.

Authors: Suraj Gujar, Partha Paul

Frequently Asked Questions (FAQ) :

The market size of aerospace accumulator was surpassed USD 8.6 million in 2019.

The industry share of aerospace accumulator is projected to grow at 3.8% CAGR during 2020-2026.

Metal bellow aerospace accumulator market held USD 6.2 million revenue in 2019 and may exhibit 3.5% CAGR through 2026, owing the fact that these products deliver superior performance and have a low spring rate.

The fact that stainless steel has superior heat resistance, excellent mechanical properties, and high corrosion resistance will increase its demand. Steel may hold over 60% market share by 2026.

Commercial aircrafts will gain momentum in this business. In 2019, commercial segment held USD 4.5 million owing to emergence of low-cost air carriers, growing disposable incomes, and shifting preference toward air travel.

These products may gain hefty traction in North America, driven by the presence of well-established aerospace industry vendors. North America held over 45% market share in 2019 and will depict substantial growth, especially with U.S. accounting for 35% of global aircraft production.

The COVID-19 pandemic has led to closures of production facilities, lack of labor, and restrictions on international travel, which will majorly impact market growth.