Global Aircraft Engines Market was valued US$ 63.17 Bn in 2018 and is expected to reach US$ 109.85 Bn by 2026 at a CAGR of 7.17 % during the forecast period.
Global Aircraft Engines Market
Growing air passenger traffic is leading towards a rising number of aircraft fleet with more efficient planes. This in turns is estimated to be the major factor driving the growth of aircraft engines market across the globe. Various emerging regions in aviation traffic are witnessed across the globe and are expected to remain resilient in the coming decade. The economic and income growth in large emerging markets such as China and India has been a primary driver for the global GDP growth and also, for air travel. The manufacturers have to face certain challenges in the production of aircraft engines. As aircraft engines are the main propulsion system of an aircraft and any negligence during the manufacturing can cause a great disaster. Therefore the demand for durable and efficient aircraft engines is growing causing intense competition among the manufacturers.
By type, the turbofan segment of the aircraft engines market is estimated to the highest growth during the forecast period. This growth is attributed to the recent rise in demand for turbofan engines by airlines around the world because of the fuel efficiency and reliability of these engines.
The market in North America is poised for above-average growth, owing to the increase in the number of passengers travelling on a yearly basis. The presence of a prominent aircraft manufacturer in the region is another driving factor for the growth of the aircraft engine market. The European region also has potential to grow with a healthy rate in the market, owing to the presence of aircraft engine manufacturers in Russia and the U.K. In the Asia Pacific region, China is on the verge of manufacturing its own commercial aircraft to reduce the costs involved in imports. In line with this, China has set up its own aircraft engine manufacturing plant, which is expected to boost the production output of aircraft engines in the region. A large number of orders for new aircraft placed by significant carriers of the Middle East & Africa region are also expected to help the aircraft engines market grow further over the forecast period.
Aircraft engine market is a well-established market with a number of international players characterizing the market. Aircraft engine manufacturers are consistently engaged in the development of available aircraft engines by making them more fuel efficient and powerful. Manufacturers are also determined to develop strategic associations with leading aircraft companies to provide aircraft engines. Major players in the market include General Electric Company, Rolls-Royce Motor Cars Limited, and Honeywell International Inc.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analyzing the market segments by product type, end user, and region and, project the global market size. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the aircraft enginesmarket. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.
Scope of Global Aircraft Engines Market
Global Aircraft Engines Market, By Type
• Turboprop
• Turbofan
• Turboshaft
• Piston Engine
Global Aircraft Engines Market, By Wing Position
• Fixed Wing
• Rotary Wing
Global Aircraft Engines Market, By End User
• Commercial Aviation
• Military Aviation
• Others
Global Aircraft Engines Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in Global Aircraft Engines Market
• General Electric Company
• Rolls-Royce Motor Cars Limited
• Honeywell International Inc.
• United Technologies Corporation-Pratt & Whitney Division
• Snecma S.A
• Hindustan Aeronautics Limited
• JSC "Klimov"-United Engine Corporation
• Safran
• Boeing.
• General Aviation
• Rolls-Royce Holdings PLC
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Global “Aircraft Engines Market” 2019-2026 attempts to offer noteworthy and thoughtful insights into the current market situation and the emerging growth dynamics.
The complete research will enable the well-established as well as the emerging players to establish their business policies and accomplish their goals.The Aircraft Engines market study considers various secondary and primary research results and extracts data from the past years to analyze the scope for growth of this market in the coming years.
Various growth factors that are essential to increasing market growth during both the base period and the forecast period have been recognized and are mentioned in the report.
These factors do not remain uniform and can vary from situation to situation and are also reliant on the types of products that are sold in the regions.
Inherent growth factors that can increase the market share during the forecast period from the year 2018 to the year 2026 are mentioned as well.Request For Sample PDF Report (Kindly Use Your Bussiness/Corporate Email Id to Get Priority): https://www.esticastresearch.com/report/aircraft-engines-market/#request-for-sampleThe Aircraft Engines Market Report contains in-depth information on key drivers, challenges, opportunities, industry trends, and market impact.
The Aircraft Engines Market report also offers data on the company and operations, information on branding strategies, pricing, and target customers for the Aircraft Engines market, list of distributors/traders offered by the business.
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The testimonials included in the report by Esticast Research and Consulting involves a highly qualified team of experts who work rigorously to collect the data and reveal the real scenario of the Aircraft Engines market.About Aircraft Engines MarketAn aircraft engine is the portion of the propulsion system of an aircraft which is used to generate mechanical power required for various operations of aircraft.
High cost involved with new technology and stringent regulatory norms might act as a prominent challenge for the market.
Asia-pacific is projected to exhibit the highest CAGR during forecast period due to rapid development of aircraft industry within this region.For Better Understanding, Try Sample PDF Brochure of Report (including full TOC, Tables and Figures) @ https://www.esticastresearch.com/report/aircraft-engines-market/#request-for-sampleThe Aircraft Engines market report is prepared on the basis of a comprehensive study by the research team with in-depth knowledge and surveillance with the help of various sources.
The new report on the Aircraft Engines market prepared is committed to fulfill the requirements of the clients by offering them vital insights into the market.
Aircraft Engines Global Market Report 2021 by The Business Research Company is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact – both negative and positive – of COVID-19 on the aircraft engines industry gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
This includes revised market numbers according to the effects of the coronavirus and the expected aircraft engines market growth numbers 2021-2030.View Complete Report:https://www.thebusinessresearchcompany.com/report/aircraft-engines-global-market-reportThe Aircraft Engines Global Market Report 2020-30 by The Business Research Company provides an in-depth analysis of the global aircraft engines market and covers both the historic period, 2015 to 2020, and the forecast period, 2020 to 2030.
The report evaluates the market and major economies across the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.The Aircraft Engines Global Market Report 2021 covers aircraft engines market drivers, aircraft engines market trends, aircraft engines market growth rate, aircraft engines market major players, player-adopted strategies in the market, and aircraft engines market size.The global aircraft engines market is expected to grow from $59.65 billion in 2020 to $67.21 billion in 2021 at a compound annual growth rate (CAGR) of 12.7%.
The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.
The market is expected to reach $91.28 billion in 2025 at a CAGR of 8%.Request For The Sample Now:https://www.thebusinessresearchcompany.com/sample.aspx?id=3697=smpThe report covers the aircraft engine market segments-1) By Type: Turboprop, Turboshaft, Turbofan, Piston Engine2) By Technology: Conventional Engine, Electric/Hybrid3) By Platform: Fixed Wing, Rotary Wing4) By Application: General Aviation, Business Aviation, Recreational Aviation, OthersAbout The Business Research Company: The Business Research Company is a market intelligence firm that excels in company, market, and consumer research.
