North America Report
extending aircraft life due to long OEM delivery backlogs, which are straining manufacturers. Boeing is navigating workforce reductions while ramping up 737 and 787 production; Airbus faces the challenge of tripling A220 and A350 output.
Aerospace Market Share
Estimated Share: 60–70% of total market volume 2024–2025 Growth: ~25% YOY increase in casting activity
Commercial aerospace continues
to lead all end-use sectors. Passenger demand has rebounded strongly, with Revenue Passenger Miles (RPMs) rising 4.7% in 2024, despite inflationary pressures. The compound annual growth rate (CAGR) for RPMs from 2012 to 2024 was 17.5%, though it is forecast to slow to 4.7% from 2024 to 2026. Airlines are extending aircraft
life
cycles as OEMs face backlog constraints. Boeing is balancing staff reductions with increased output of the 737 and 787 programs. Airbus, meanwhile, is under pressure to triple production of A220 and A350 units in the coming years. Defense spending from 2022–2024 marked the third-largest increase since the Cold War, fueled by the conflict in Ukraine and Middle East tensions. U.S. foreign military sales rose from $114 billion to $191 billion in the past five
Global Delivery Trends
Large commercial airframes delivered, 2021–2027: • Narrow body: 5,200 units • Wide body: 1,200 units
Projected business/regional jet deliveries, 2024–2027: • Business jets (NA): 800 units • Regional jets: 600 units
Continued on pg 26 April 2025 ❘ 25 ®
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