The demand for machined components in the industry more or less acted similarly, witnessed a massive decline of -30.4% in 2020, pushing the market below the 2015-market level.However, recent industry announcements coupled with the study of recovery trajectories of the previous downturns suggest that the machined components market is expected to commence recovery from 2021, followed by sequential growth in the years to come, ultimately helping the industry stakeholders to cross their pre-pandemic levels by 2024. Overall, the Aircraft Machined Components Market is set to grow at a lucrative CAGR of 7.8% over the next five years to reach US$ 6.4 Billion in 2026.
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