North America Aeroengine Fan Blades Market Forecast to 2027 - Covid-19 Impact and Regional Analysis by Engine Type (Turbofan Aeroengine, Turboprop Aeroengine, and Turbojet Aeroengine); Material Type (Titanium Alloys, Aluminum Alloys, Steel, and Composites
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.
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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
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- Obtain market revenue forecast for market by various segments from 2020-2027 in North America region.
North America Aeroengine Fan Blades Market Segmentation
By Engine Type
By Material Type
- Titanium Alloys
- Aluminum Alloys
- Steel
- Composites
By Country
- US
- Canada
- Mexico
Company Profiles
- C-Fan
- CFM International
- Chaheng Precision Co. Ltd.
- GE Aviation
- GKN Aerospace Services Limited
- IHI Corporation
- MTU Aero Engines AG
- Pratt & Whitney
- Rolls-Royce Holdings plc
- Safran S.A.
The List of Companies - North America Aeroengine Fan Blades Market
- C-Fan
- CFM International
- Chaheng Precision Co. Ltd.
- GE Aviation
- GKN Aerospace Services Limited
- IHI Corporation
- MTU Aero Engines AG
- Pratt & Whitney
- Rolls-Royce Holdings plc
- Safran S.A
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- Highlights key business priorities in order to assist companies to realign their business strategies.
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- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth North Americamarket trends and outlook coupled with the factors driving the market, as well as those hindering it.
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