Market Introduction
The Europe aircraft engine manufacturing industry is experiencing a substantial growth due to increasing demand of passenger, freight, and military aircraft. Air travel, especially through airplanes, is the most preferred mode of transportation across Europe for domestic and international travel, and this inclination toward air travel has resulted in significant growth in the air passenger traffic across the region. Moreover, the presence of prominent aircraft manufacturers in the region also helps meet the growing air travel needs of customers. Moreover, initiatives of the European Union toward the autonomy of the defense manufacturing are anticipated to boost the growth of the aeroengine fan blades market in the region.
Market Overview and Dynamics
The aeroengine fan blades market in Europe was valued at US$ 2,079.6 Mn in 2019 and is projected to reach US$ 3,379.2 Mn by 2027; it is expected to grow at a CAGR of 6.4% from 2020 to 2027.Factors driving the market growth include the positive growth outlook of the European aviation industry and increasing number of air passengers across the region. However, high complexity of fan blade design and development may hamper 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
In terms of engine type, the turbofan aeroengine segment accounted for the largest share of the Europe aeroengine fan blades market in 2019. The titanium alloys segment held the largest share of the Europe aeroengine fan blades market, based on material type, 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 Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are GE Aviation, GKN Aerospace Services Limited, Pratt & Whitney, Rolls-Royce Holdings plc, Safran S.A, and among others.
Reasons to buy report
Europe Aeroengine Fan Blades Market Segmentation
By Engine Type
By Material Type
By Country
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 2,079.6 Million |
| Market Size by 2027 | US$ 3,379.2 Million |
| CAGR (2020 - 2027) | 6.4% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Engine Type
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Aeroengine Fan Blades Market is valued at US$ 2,079.6 Million in 2019, it is projected to reach US$ 3,379.2 Million by 2027.
As per our report Europe Aeroengine Fan Blades Market, the market size is valued at US$ 2,079.6 Million in 2019, projecting it to reach US$ 3,379.2 Million by 2027. This translates to a CAGR of approximately 6.4% during the forecast period.
The Europe 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 Europe Aeroengine Fan Blades Market report:
The Europe Aeroengine Fan Blades Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Aeroengine Fan Blades Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Aeroengine Fan Blades Market value chain can benefit from the information contained in a comprehensive market report.
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