According to a new market report published by Lucintel, the future of the global aircraft engine blade market looks promising with opportunities in commercial, general aviation, regional, and military aircraft. The global aircraft engine blade market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021and it is expected to reach an estimated $37.8 billion by 2025 with a CAGR of 3% to 5% from 2020 to 2025. The major growth drivers for this market are increasing aircraft deliveries and periodic replacement of engine blades.
Browse 83 market data tables and 73 figures spread through 153 pages and in-depth TOC on “Global Aircraft Engine Blade Market"
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In this market, compressor, turbine, and fan blades are used for aircraft engine blade manufacturing for blade type. Lucintel forecasts that the blades for compressor application are expected to remain the largest segment over the forecast period due to the requirement f or a higher number of blades in aircraft engine compressors. Blades for turbine applications are expected to witness the highest growth over the forecast period.
Within this market, engine blades used in commercial aircraft will remain the largest segment and also are expected to witness the highest growth due to the increasing commercial aircraft deliveries and the development of new aircraft programs.
North America will remain the largest region and witness the highest growth over the forecast period. The presence of major aircraft engine manufacturers in this region is driving the demand for engine blades.
An emerging trend which has direct impact on the dynamics of this industry includes growing use of lightweight materials. CFM International, GE Aviation, and UTC Aerospace, Rolls-Royce Holdings PLC, MTU Aero Engine, and Albany International Corporation and others are among the major aircraft engine blade manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global aircraft engine blade market by blade type, aircraft type, by end use, by manufacturing technology, blade size, material, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Aircraft Engine Blade Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global aircraft engine blade market by blade type, aircraft type, by end use, by manufacturing technology, blade size, material and region as follows:
By Blade Type [Value ($M) & Volume (Units in Million) from 2014 to 2025]:
Compressor Blades
Turbine Blades
Fan Blades
By Aircraft Type [Value ($M) & Volume (Units in Million) from 2014 to 2025]:
Commercial Aircraft
General Aviation
Regional Aircraft
Military Aircraft
By End Use Type [Value ($M) & Volume (Units in Million) from 2014 to 2025]:
By Manufacturing Technology [Value ($M) & Volume (Units in Million) from 2014 to 2025]:
Investment Casting
Forging
Others
By Blade Size (In Inches) [Value ($M) & Volume (Units in Million) from 2014 to 2025]:
By Material [Volume (M lbs) from 2014 to 2025]:
Titanium
Nickle Alloy
Composites
Others
By Region [Kilotons and $M shipment analysis for 2014 – 2025]:
North America
Europe
Asia Pacific
The Rest of the World
This 153-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/aircraft-engine-blade-market.aspx#/ or helpdesk@lucintel.com.
About Lucintel
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