According to a new market report published by Lucintel, the future of the global aircraft engine blade market looks promising with opportunities in commercial, general aviation, regional, and military aircraft. The global aircraft engine blade market is expected to reach an estimated $31.0 billion by 2023 with a CAGR of 3.1% from 2018 to 2023. The major growth drivers for this market are increasing aircraft deliveries and periodic replacement of engine blades.
Browse 83 market data tables and 73 figures spread through 153 pages and in-depth TOC on “Global Aircraft Engine Blade Market”
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In this market, compressor, turbine, and fan blades are used for aircraft engine blade manufacturing for blade type. Lucintel forecasts that the blades for compressor application are expected to remain the largest segment over the forecast period due to the requirement f or a higher number of blades in aircraft engine compressors. Blades for turbine applications are expected to witness the highest growth over the forecast period.
Within this market, engine blades used in commercial aircraft will remain the largest segment and also are expected to witness the highest growth due to the increasing commercial aircraft deliveries and the development of new aircraft programs.
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North America will remain the largest region and witness the highest growth over the forecast period. The presence of major aircraft engine manufacturers in this region is driving the demand for engine blades.
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An emerging trend which has direct impact on the dynamics of this industry includes growing use of lightweight materials. CFM International, GE Aviation, and UTC Aerospace, Rolls-Royce Holdings PLC, MTU Aero Engine, and Albany International Corporation and others are among the major aircraft engine blade manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global aircraft engine blade market by blade type, aircraft type, by end use, by manufacturing technology, blade size, material, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Aircraft Engine Blade Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global aircraft engine blade market by blade type, aircraft type, by end use, by manufacturing technology, blade size, material and region as follows:
By Blade Type [Value ($M) & Volume (Units in Million) from 2012 to 2023]:
- Compressor Blades
- Turbine Blades
- Fan Blades
By Aircraft Type [Value ($M) & Volume (Units in Million) from 2012 to 2023]:
- Commercial Aircraft
- General Aviation
- Regional Aircraft
- Military Aircraft
By End Use Type [Value ($M) & Volume (Units in Million) from 2012 to 2023]:
- OEM
- After market
By Manufacturing Technology [Value ($M) & Volume (Units in Million) from 2012 to 2023]:
- Investment Casting
- Forging
- Others
By Blade Size (In Inches) [Value ($M) & Volume (Units in Million) from 2012 to 2023]:
- 0-20
- 21-40
- 41-60
By Material [Volume (M lbs) from 2012 to 2023]:
- Titanium
- Nickle Alloy
- Composites
- Others
By Region [Kilotons and $M shipment analysis for 2012 – 2023]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
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This 153-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/aircraft-engine-blade-market.aspx#/ or helpdesk@lucintel.com.
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Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the global aircraft engine blade market to 2023 by blade type (compressor, turbine, and fan blades), by aircraft type (commercial aircraft, general aviation, regional aircraft, and military aircraft), by end use type (OEM and aftermarket), by manufacturing technology (Investment casting, forging, 3D printing, and others), by blade size (0-20, 21-40, 41-60), by material (titanium, nickel alloy, composites, and others) and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred in the last 5 years?
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