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The Aircraft Gearbox Market is likely to witness an impressive CAGR of 6.7% during the forecast period. The prime factor that is contributing to the demand for Aircraft Gearbox is the increasing demand for Aircraft Gearbox in various industries.
This report on the Aircraft Gearbox Market has been put together covering various companies of the industry from different geographies. The study is a perfect blend of qualitative and quantitative research highlighting vital market developments, challenges and competition that the industry might face, along with opportunities and trends available in the Aircraft Gearbox Market. The report intends to present a thorough analysis of the Aircraft Gearbox Market and provide cutting-edge market intelligence to help decision makers undertake a sound investment evaluation. Besides, the report also classifies and analyses the emerging trends along with major growth drivers.
Aircraft Gearbox Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges act as extrinsic factors affecting the market. The report aims at answering several key questions concerning the overall profitability in the market.
Few key players operating in the Aircraft Gearbox Market are-
AB SKF,
BMT Aerospace,
GE AVIO S.r.l. (Avio Aero),
Kawasaki Heavy Industries Ltd.,
Northstar Aerospace, Inc.,
Safran Transmission Systems,
The Liebherr Group,
The Timken Company,
United Technologies Corporation.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Aircraft Gearbox Market value and growth drivers over the trend period of 2022-27. According to the report -
The global aircraft gearbox market is likely to witness an impressive CAGR of 4.8% during the forecast period. Increasing commercial aircraft deliveries along with a growing demand for Pure-Power Geared Turbofan (GTF) engines, rising aircraft fleet size, advancements in the gearbox technology, and introduction of lightweight gearboxes are some of the factors proliferating the growth of the aircraft gearbox market.
Segment Analysis:
Based on Aircraft Type:
Based on the aircraft type, the market is segmented as commercial aircraft (narrow-body aircraft, wide-body aircraft, very large body aircraft), regional aircraft, general aviation, military aircraft, and Helicopter. Commercial aircraft is likely to remain the growth engines of the aircraft gearbox market over the next five years, propelled by increasing aircraft deliveries to support rising passenger and cargo traffic, upcoming variants of existing programs, and rising commercial aircraft fleet size.
Based on Region:
In terms of regions, North America is expected to lead the aircraft gearbox market in the coming five years as the region is the manufacturing capital of the aerospace industry with the presence of several OEMs, engine manufacturers, gearbox suppliers, distributors, and component suppliers. The USA will continue to propel the demand for aircraft gearboxes in the region over the next five years. Boeing, Bombardier, Lockheed Martin, and Gulfstream are the major aircraft makers, generating a high demand for gearboxes for their aircraft assembled in the region. The opening of assembly plants of the A320 aircraft program by Airbus in the USA further assures a healthy demand for aircraft gearboxes in the region.
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