Asia-Pacific dominated the aircraft engine market in terms of growth, followed by North America, Europe, and LAMEA. The U.S.
PORTLAND, OREGON, UNITED STATES, October 30, 2023 /EINPresswire.com/ — According to the report published by Allied Market Research, the global aircraft gearbox market generated $2.8 billion in 2021, and is projected to reach $5.1 billion by 2031, growing at a CAGR of 6.5% from 2022 to 2031.
𝙂𝙚𝙩 𝙞𝙣𝙨𝙞𝙙𝙚 𝙎𝙘𝙤𝙤𝙥 𝙤𝙛 𝙩𝙝𝙚 𝙧𝙚𝙥𝙤𝙧𝙩, 𝙧𝙚𝙦𝙪𝙚𝙨𝙩 𝙛𝙤𝙧 𝙨𝙖𝙢𝙥𝙡𝙚: – https://www.alliedmarketresearch.com/request-sample/5787
𝗠𝗮𝗿𝗸𝗲𝘁 𝗗𝗿𝗶𝘃𝗲𝗿𝘀
The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.
The outbreak of COVID-19 has had a devastating impact on the growth of the global aircraft gearbox market size, owing to the presence of lockdowns in numerous countries around the world.
Lockdowns resulted in the closure of various manufacturing facilities, including those of aircraft gearbox and other aircraft components, which adversely impacted the growth of the market.
In addition, cancellation and temporary ban of both domestic and international flights further aggravated the impact on the market.
These stringent social distancing were imposed by the government to curb the spread of the virus during the pandemic.
However, the market is expected to recoup with decreased restrictions and increase in investment in the sector.
The report offers detailed segmentation of the global aircraft gearbox industry based on application, component, end-use, sales channel, and region. The report provides a comprehensive analysis of every segment and their respective sub-segment with the help of graphical and tabular representation. This analysis can essentially help market players, investors, and new entrants in determining and devising strategies based on fastest growing segments and highest revenue generation that is mentioned in the report.
𝙏𝙤 𝙋𝙪𝙧𝙘𝙝𝙖𝙨𝙚 𝙩𝙝𝙞𝙨 𝙋𝙧𝙚𝙢𝙞𝙪𝙢 𝙍𝙚𝙥𝙤𝙧𝙩:- https://www.alliedmarketresearch.com/aircraft-gearbox-market/purchase-options
𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗶𝘇𝗲 𝗮𝗻𝗱 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁
Based on application, the engine segment held the largest market share in 2021, holding three-fourths of the global market, and is expected to maintain its leadership status during the forecast period. The airframe segment, on the other hand, is expected to cite the fastest CAGR of 7.8% during the forecast period.
Based on component, the gear segment held the largest market share in 2021, holding more than one-third of the global market, and is expected to maintain its leadership status during the forecast period. The bearing segment, on the other hand, is expected to cite the fastest CAGR of 7.3% during the forecast period.
Based on end-use, the commercial aircraft segment held the dominating market share in 2021, holding more than three-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The military aircraft segment, on the other hand, is expected to cite the fastest CAGR of 6.9% during the forecast period.
Based on sales channel, the OEM segment held the largest market share in 2021, holding nearly three-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The aftermarket segment, on the other hand, is expected to cite the fastest CAGR of 6.9% during the forecast period.
Based on region, the market across Asia-Pacific region held the largest market share in 2021, holding nearly one-third of the global market, and is expected to maintain its leadership status during the forecast period. In addition, the same segment is expected to cite the fastest CAGR of 7.7% during the forecast period. The report also covers other regions such as LAMEA, Europe, and North America.
𝙈𝙖𝙠𝙚 𝙖 𝙋𝙪𝙧𝙘𝙝𝙖𝙨𝙚 𝙄𝙣𝙦𝙪𝙞𝙧𝙮:- https://www.alliedmarketresearch.com/purchase-enquiry/5787
𝗧𝗵𝗲 𝗞𝗲𝘆 𝗣𝗹𝗮𝘆𝗲𝗿𝘀
The key players analyzed in the global aircraft gearbox market report include Aero Gear, PBS Group, Northstar Aerospace, General Electric, Triumph Group, AVION Technologies INC, Safran, Rolls-Royce plc, Regal Rexnord, and Boeing.
The report analyzes these key players in the global aircraft gearbox market. These market players have made effective use of strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report is helpful in analyzing recent developments, product portfolio, business performance and operating segments by prominent players in the market.
Similar Reports We Have on Aerospace Industry:
Aircraft Reduction Gearbox Market:- https://www.alliedmarketresearch.com/aircraft-reduction-gearbox-market-A09164
Aircraft Tail Rotor Gearbox Market:- https://www.alliedmarketresearch.com/aircraft-tail-rotor-gearbox-market-A09166
Aircraft Accessory Gearbox Market:- https://www.alliedmarketresearch.com/aircraft-accessory-gearbox-market-A09205
David Correa
Allied Analytics LLP
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