Aircraft Gearbox Market to Grow at CAGR of 5.9% during 2019 - 2024
Aircraft Gearbox Market report is a study offering actionable insights into the global market opportunities, trends, forecasts, and competitive analysis.
(EMAILWIRE.COM, January 05, 2019 )
Stratview Research has published a new research report on Aircraft Gearbox Market. This extensive 206-page report by Stratview Research analyses the growth of Aircraft Gearbox Market over the trend period of 2013to 2018 and forecast period of 2019 to 2024 under the following segments -
● by Application Type (Engine, Airframe),
● by Gearbox Type (accessory gearbox, reduction gearbox, and Others),
● by fit Type (linefit and retrofit),
● by Aircraft Type (narrow-body aircraft, wide-body aircraft, and Others,
● and by Region (North America, Europe, Asia-Pacific, and RoW
Go through the detailed scope: https://www.stratviewresearch.com/toc/437/Aircraft-Gearbox-Market.html
OR
Get a free sample of the report : https://www.stratviewresearch.com/Request-Sample/437/Aircraft-Gearbox-Market.html
Growing demand of lightweight gearboxes
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.
Engine segment to register a higher growth
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.
Accessory Gearbox segment to witness the highest growth
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.
Top market players
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 global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research.
Stratview Research has published a new research report on Aircraft Gearbox Market. This extensive 206-page report by Stratview Research analyses the growth of Aircraft Gearbox Market over the trend period of 2013to 2018 and forecast period of 2019 to 2024 under the following segments -
● by Application Type (Engine, Airframe),
● by Gearbox Type (accessory gearbox, reduction gearbox, and Others),
● by fit Type (linefit and retrofit),
● by Aircraft Type (narrow-body aircraft, wide-body aircraft, and Others,
● and by Region (North America, Europe, Asia-Pacific, and RoW
Go through the detailed scope: https://www.stratviewresearch.com/toc/437/Aircraft-Gearbox-Market.html
OR
Get a free sample of the report : https://www.stratviewresearch.com/Request-Sample/437/Aircraft-Gearbox-Market.html
Growing demand of lightweight gearboxes
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.
Engine segment to register a higher growth
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.
Accessory Gearbox segment to witness the highest growth
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.
Top market players
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 global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research.
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