Market Introduction
The North America aircraft 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 driving the demand for various types of aircraft. The growing demand for air travel across various regions is boosting the production of aircraft, which is anticipated to drive the growth of the aeroengine fan blades market during the forecast period. Moreover, the rising investments in aerospace and defense industry by governmentsacross countries owing to uncertain geopolitical conditions would boost the demand for military aircraft during 2020–2027.
Market Overview and Dynamics
The aeroengine fan blades market in North America was valued at US$ 2,558.26 million in 2019 and is projected to reach US$ 3,654.86 million by 2027; it is expected to grow at a CAGR of 4.7% from 2020 to 2027. Factors driving the market growth include the positive growth outlook of the North American aviation industry and rapid transport infrastructure development 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 for enhanced capabilities are the factors acting as 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 North America aeroengine fan blades market in 2019. Further, the titanium alloys segment held a larger market share of the North America 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 North America are company websites, annual reports, financial reports, national government documents, and statistical database. Major companies listed in the report are CFM International, GE Aviation,Pratt & Whitney, Rolls-Royce Holdings plc, and Safran S.A, among others.
Reasons to buy report
North America Aeroengine Fan Blades Market Segmentation
By Engine Type
By Material Type
By Country
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 2,558.26 Million |
| Market Size by 2027 | US$ 3,654.86 Million |
| CAGR (2020 - 2027) | 4.7% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Engine Type
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Aeroengine Fan Blades Market is valued at US$ 2,558.26 Million in 2019, it is projected to reach US$ 3,654.86 Million by 2027.
As per our report North America Aeroengine Fan Blades Market, the market size is valued at US$ 2,558.26 Million in 2019, projecting it to reach US$ 3,654.86 Million by 2027. This translates to a CAGR of approximately 4.7% during the forecast period.
The North America 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 North America Aeroengine Fan Blades Market report:
The North America Aeroengine Fan Blades Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Aeroengine Fan Blades Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Aeroengine Fan Blades Market value chain can benefit from the information contained in a comprehensive market report.
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