Aircraft Gearbox Market to Grow at CAGR of 5.9% during 2019 – 2024
This report, from Stratview Research, studies the aircraft gearbox market over the trend period from 2013 to 2018 and forecast period from 2019 to 2024.
(EMAILWIRE.COM, November 16, 2018 )
Stratview Research announces the launch of a new market research report on Aircraft Gearbox Market by Application Type (Engine and Airframe), by Gearbox Type (Accessory Gearbox, Reduction Gearbox, Actuation Gearbox, Tail Rotor Gearbox, Auxiliary Power Unit Gearbox, and Others), by Fit Type (Linefit and Retrofit), by Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, General Aviation, Regional Aircraft, and Military Aircraft), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024.
The Aircraft Gearbox Market: Highlights
The Aircraft Gearbox Market is likely to witness an impressive CAGR of 5.9% 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.
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Based on the application type, the market is segmented as engine (turbofan, turboshaft, turboprop, and piston engine), and airframe. The engine segment is estimated to register a higher growth during the forecast period as gearboxes are an integral part of an aircraft and deliver the necessary thrust required during takeoff and landing. Among engine segments, turbofan is likely to remain the largest as well as fastest-growing segment over the next five years, driven by a higher dominance in commercial and regional aircraft.
Based on the gearbox type, the market is segmented as accessory gearbox, reduction gearbox, actuation gearbox, tail rotor gearbox, auxiliary power unit gearbox, and others. The accessory gearbox segment is expected to witness the highest growth during the forecast period, propelled by an advancement in the technology and increasing commercial aircraft deliveries.
Some of the major players in aircraft gearbox market are Aero Gearbox International, Aero Gear, Inc., CEF Industries, LLC, The Liebherr Group, Northstar Aerospace, Inc., Safran S.A., AB SKF, and United Technologies Corporation. The development of advanced gearboxes and the formation of long-term contracts are some of the major strategies adopted by key players in order to gain a competitive edge over others.
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
Stratview Research announces the launch of a new market research report on Aircraft Gearbox Market by Application Type (Engine and Airframe), by Gearbox Type (Accessory Gearbox, Reduction Gearbox, Actuation Gearbox, Tail Rotor Gearbox, Auxiliary Power Unit Gearbox, and Others), by Fit Type (Linefit and Retrofit), by Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, General Aviation, Regional Aircraft, and Military Aircraft), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024.
The Aircraft Gearbox Market: Highlights
The Aircraft Gearbox Market is likely to witness an impressive CAGR of 5.9% 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.
Click here to view Table Of Contents:-
https://www.stratviewresearch.com/toc/437/Aircraft-Gearbox-Market.html
OR
Request a Sample here:-
https://www.stratviewresearch.com/Request-Sample/437/Aircraft-Gearbox-Market.html
Based on the application type, the market is segmented as engine (turbofan, turboshaft, turboprop, and piston engine), and airframe. The engine segment is estimated to register a higher growth during the forecast period as gearboxes are an integral part of an aircraft and deliver the necessary thrust required during takeoff and landing. Among engine segments, turbofan is likely to remain the largest as well as fastest-growing segment over the next five years, driven by a higher dominance in commercial and regional aircraft.
Based on the gearbox type, the market is segmented as accessory gearbox, reduction gearbox, actuation gearbox, tail rotor gearbox, auxiliary power unit gearbox, and others. The accessory gearbox segment is expected to witness the highest growth during the forecast period, propelled by an advancement in the technology and increasing commercial aircraft deliveries.
Some of the major players in aircraft gearbox market are Aero Gearbox International, Aero Gear, Inc., CEF Industries, LLC, The Liebherr Group, Northstar Aerospace, Inc., Safran S.A., AB SKF, and United Technologies Corporation. The development of advanced gearboxes and the formation of long-term contracts are some of the major strategies adopted by key players in order to gain a competitive edge over others.
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
Contact Information:
Stratview Research
Ritesh Gandecha
Tel: +1-313-307-4176
Email us
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Stratview Research
Ritesh Gandecha
Tel: +1-313-307-4176
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results