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 $31.0 billion by 2023 with a CAGR of 3.1% from 2018 to 2023. The
major growth drivers for this market are increasing aircraft deliveries and periodic
replacement of engine blades.
In aircraft engines blades are used in compressor, turbine, and fan areas.
Lucintel forecasts that the blades for compressor application are expected to
remain the largest segment over the forecast period due to the requirement for
a higher number of blades in aircraft engine compressors. Blades for turbine applications are expected to witness the
highest growth over the forecast period.
North America will remain the largest region
and witness the highest growth over the forecast period. The presence of major
aircraft engine manufacturers in this region is driving the demand for engine
blades.
An emerging trend which has
direct impact on the dynamics of this industry includes growing use of
lightweight materials. CFM International, GE Aviation, and UTC Aerospace, Rolls-Royce
Holdings PLC, MTU Aero Engine, and Albany International Corporation are among
the major suppliers of aircraft engine blades.
Lucintel, a leading
global strategic consulting and market research firm, has analyzed growth
opportunities in the global aircraft engine blade market by blade type,
aircraft type, end use, manufacturing technology, blade size, material, and region and has come up with a comprehensive
research report entitled, “Growth Opportunities in the Global
Aircraft Engine Blade Market 2018-2023: Trends, Forecast, and Market Analysis.” This Lucintel report serves as a catalyst
for growth strategy, as it provides a comprehensive data and analysis on
trends, key drivers, and directions. The study includes a forecast for the aircraft
engine blade market by blade type, aircraft type, by end use, by manufacturing
technology, blade size, material and region as follows:
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By Blade
Type [Value ($M) & Volume (Units in Million) from 2012 to 2023]:
By Aircraft
Type [Value ($M) & Volume (Units in Million) from 2012 to 2023]:
By End Use Type
[Value ($M) & Volume (Units in Million)
from 2012 to 2023]:
By Manufacturing Technology [Value ($M) & Volume (Units in Million)
from 2012 to 2023]:
By Blade Size (In Inches) [Value ($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 [Value ($M) & Volume (Units
in Million) from 2012 to 2023]:
·
North America
·
Europe
·
Asia Pacific
·
The Rest of the World
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 helpdesk@lucintel.com. Lucintel offerings include Aerospace
Report, Defense
Market Report, Opportunity
Screening and Analysis, Capital
Investment Feasibility and SWOT Matrix.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. We offer 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 the following 11 key questions:
Q.1 What are some of the most promising,
high-growth opportunities for the global aircraft engine blade market 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 region will grow
at a faster pace and why?
Q.4 What are the key factors affecting market
dynamics? What are the drivers and challenges in this market?
Q.5 What
are the business risks and threats of this market?
Q.6 What are emerging trends in this market and
reasons behind them?
Q.7 What are some of the 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 competing
products in this market and how big of a threat do they pose for loss of
market share by product substitution?
Q.11 What
M&A activity has occurred in the last 5 years?
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