Global Turbofan Engines Market, By Application (Commercial Aviation, Military Aviation and General Aviation), Platform (Fixed Wing and Rotary Wing), Sales Channel (Line Fit and Retro Fit), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Turbofan Engines Market
Turbofan engines market is expected to reach at a CAGR of 7.20% in the forecast period of 2021 to 2028. Increasing demand for lightweight and fuel-efficient aircraft and technological advancement has driven the growth of the turbofan engines market.
Adoption of upgraded lightweight materials such as ceramics, composites, super alloys, these lightweight materials have several advantages such as increased safety, lower maintenance costs, low weight and better high temperature performance are some factors driving the growth of the market. However, increased demand for lightweight aircrafts engines will create growth opportunity for turbofan engines market in the forecast period of 2021- 2028.
Boeing and SAS has several backlogs of fuel-efficient aircrafts, high cost associated with new technology and stringent regulatory norms will act as a restraint, and will further challenge the growth of turbofan engines market in the forecast period mentioned above.
The turbofan engines market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on turbofan engines market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Scope and Turbofan Engines Market Size
Turbofan engines market is segmented on the basis of application, platform and sales channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of application, the turbofan engines market is segmented into commercial aviation, military aviation and general aviation.
- On the basis of platform, the turbofan engines market is segmented into fixed wing and rotary wing.
- Based on sales channel, the turbofan engines market is segmented into Line Fit and Retro Fit.
Turbofan Engines Market Country Level Analysis
Turbofan engines market is analysed and market size, volume information is provided by country, application, platform and sales channel as referenced above.
The countries covered in the turbofan engines market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific is dominating the turbofan engines market due to the largest demand for the turbofan engines market. The turbofan engine market is emerging in countries such as China and India is expected to grow at high rate in forecast period.
The country section of the turbofan engines market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Turbofan Engines Market Share Analysis
Turbofan engines market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to turbofan engines market.
The major players covered in the turbofan engines market report are Safran Aircraft Engines, Continental Motors Group, General Electric Company, IAE International Aero Engines AG, Raytheon Technologies Corporation, Rolls-Royce Holdings plc, United engine corporation, AVIC Aircraft Corporation Ltd., MOTOR SICH JSC, Aero Engine Corporation of China, MTU Aero Engines AG, Barnes Group Inc., Honeywell International Inc., Pratt & Whitney, GE, CFM International, UEC-Aviadvigatel JSC among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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