Aircraft Engine, Parts and Equipments Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019
- Transparency Market Research
- Ongoing
- Equipment
Report Description
This industry manufactures aircraft
engines, engine parts, propeller, rotor, landing gear, fuselage, hydraulic
and electric control, and avionics systems. Engines and other component
parts compose of about 45 percent of the global aircraft and parts market.
U.S., Canada, Japan, France, and UK are all major producers of aircraft
parts. The aircraft engine and parts manufacturing industry has a medium
level of concentration, with two largest aircraft manufacturers (Boeing and
Airbus) holding more than 50% of the total market share. Boeing dominates
this industry in the commercial aircraft sector. This industry comprises
commercial aircrafts (wide body aircraft and narrow body aircraft),
military aircrafts (helicopters, engines and parts used in military),
rotary aircrafts (helicopters), and general aviation (small business jets
and planes). It also includes single engine piston, multi engine piston,
turbofan or turbojet, and turboprop that are used in these
aircrafts.
Rising demand for commercial and
private airplanes due to trends in air travel is driving the market
forward. Technological improvements along with innovative trends such as
introduction of M601H-80 Turboprop Derivative Engine II-49 by GE Aviation
and collaboration of four aviation companies (Avidyne Corporation, Eagle
Creek Aviation Services, Inc., Edge Aviation Services, and Lone Mountain
Aviation) to launch G3-R9 II-48 market are also one of the factors driving
this market. The industry\'s focus on improving fuel efficiency will compel
the companies to bring new low cost aircrafts, thereby driving the growth
of this market. The spending in defense is expected to contract as the
United States would wind down military involvement overseas, but commercial
demand and growth in light jet production would keep revenue strong.
Canada leads in producing
turbine-powered aviation engines for business and commercial aircraft and
helicopters. Europe along with United States and Canada together hold major
share of the global aircraft, engines, parts and equipment market.
Countries such as Japan, South Korea with continuous technological
development are estimated to be key markets over few years. With population
and economic growth, rising urbanization, increasing cargo and passenger
hubs, launch of low-cost carriers, deregulation, and inter-regional trade
in regions such as China and India, Asia Pacific is expected to be the
fastest growing market in near future.
Some of the niche players operating in
this market include Airbus S.A.S., American Champion Aircraft Corporation,
BAE Systems, Bell Helicopter Textron Inc., CFM International, Inc,
European Aeronautic Defense and Space Co , Fokker Aerostructures
B.V., GE Aviation, Pratt & Whitney International Aero Engines, Kawasaki
Heavy Industries, MD Helicopters Inc., Rolls-Royce , Safran, Thales, and
Zodiac.
This research report analyzes this
market depending on its market segments, major geographies, and current
market trends. Geographies analyzed under this research report
include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides
comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of
current trends in the market, industry growth drivers, and restraints. It
provides market projections for the coming years. It includes analysis of
recent developments in technology, Porter’s five force model analysis
and detailed profiles of top industry players. The report also includes a
review of micro and macro factors essential for the existing market players
and new entrants along with detailed value chain analysis.
Reasons for Buying this
Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a technological growth map over time to understand the industry growth rate
- It provides a seven-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments
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