Global Aircraft Fairing Market: Key Highlights
Global Aircraft Fairing Market: Key Market Dynamics
Global Aircraft Fairing Market: Regional Overview
Aircraft Fairing market is anticipated to grow significantly in the Asia-Pacific region. Asia remains the manufacturing center of the world and revenues from the transporting of goods are a significant proportion of sales for many of the region's airlines. The demand for cargo volume and a rise in trade is moderate. According to the International Air Transport Association (IATA) forecast that the global airline industry will increase in recovery in air cargo and world trade expected to be USD 6 billion net in 2020 for a 2.2% net margin.
Airlines in North America region continue to the leading on financial performance accounting for about 65% of industry profits in 2019 and around 56% of aggregate earnings in 2020. North America is one of the promising region in the aviation sector. In 2019, profitability in this region is increased, with net profit of USD 16.9 million with a net margin of 6% in 2019. According to The International Air Transport Association (IATA), in 2020 the airline industry revenue in North America is anticipated to reduce due to the slower economical condition and significant increase in aircraft delivery.
Global Aircraft Fairing Market: Key Players Overview
NORDAM is one of the world's largest private aerospace companies. The company provides aerospace components manufacturing and repair services. The Company custom cabinetry, flight control surface, exhaust components, airframes, integrated interiors, and composite structures. NORDAM Group serves clients worldwide. The company manufactures, overhauls, and repairs an array of the airframe and engine parts.
Malibu Aerospace serves the aircraft industry by providing services in maintenance, design, engineering, troubleshooting. The company consistently develop new technology and product which improve the quality and safety of aircraft. Moreover, Malibu for aerospace increases the quality of performance, efficiency, and safety.
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