Market Introduction
The Asia-Pacificaircraft engine manufacturing industry is experiencing a substantial growth due to increasing demand of passenger, freight, and military aircraft. The rising disposable incomes, increasing population, and growing travel trend are a few of the major factors boosting the demand for various types of aircraft in Asia-Pacific. The growing demand for air travel, leading to increased production of aircraft,is anticipated to boost the aeroengine fan blades market during the forecast period. Moreover, the rising investments in aerospace and defense industry by the governments in the countries in this region are anticipated to drive the demand for military aircraft during 2020–2027.
Market Overview and Dynamics
The aeroengine fan blades market in Asia-Pacificwas valued at US$ 1059.6 million in 2019 and is projected to reach US$ 1571.6 million by 2027; it is expected to grow at a CAGR of 5.2% from 2020 to 2027. Factors driving the market growth include the positive growth outlook of the aviation industry in Asia Pacific and impressive growth rate of air passengers across the region. However, huge cost and time requirements of the design and development of fan blades hampers the growth of the market. Moreover, the rising demand for low-cost and ultralow-cost carriers, and growing investments in composite material fan blades are the factors providing growth opportunities for the aeroengine fan blades manufacturers.
Key Market Segments
The turbofan aeroengine segment accounted for the largest share of the Asia-Pacificaeroengine fan blades market, based on engine type, in 2019. In terms of material type, the titanium alloys segment held the greatest share of the market in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the aeroengine fan blades market in Asia-Pacificare company websites, annual reports, financial reports, national government documents, and statistical database. Major companies listed in the report are GE Aviation, IHI Corporation, Rolls-Royce Holdings plc, and Safran S.A, among others.
Reasons to buy report
Asia-Pacific Aeroengine Fan Blades Market Segmentation
By Engine Type
By Material Type
By Country
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 1059.6 Million |
| Market Size by 2027 | US$ 1571.6 Million |
| CAGR (2020 - 2027) | 5.2% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Engine Type
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific Aeroengine Fan Blades Market is valued at US$ 1059.6 Million in 2019, it is projected to reach US$ 1571.6 Million by 2027.
As per our report Asia Pacific Aeroengine Fan Blades Market, the market size is valued at US$ 1059.6 Million in 2019, projecting it to reach US$ 1571.6 Million by 2027. This translates to a CAGR of approximately 5.2% during the forecast period.
The Asia Pacific Aeroengine Fan Blades Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Aeroengine Fan Blades Market report:
The Asia Pacific Aeroengine Fan Blades Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Aeroengine Fan Blades Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Aeroengine Fan Blades Market value chain can benefit from the information contained in a comprehensive market report.
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