Pune, Maharashtra -- (SBWire) -- 12/31/2018 --The aircraft engines market is highly concentrated market, with few small and medium players in the global market. Whereas, prominent market share is being occupied by the top 20 to 30 players in the global aircraft engines market. Furthermore, air pollution caused by the exhaust fumes generated after the combustion of fuel in aircraft engines is a pressing concern acknowledged by government bodies across various economies. Hence, aircraft engines manufacturers are striving to manufacture fuel efficient and less polluting engines.
Air transportation have been developing with a fast pace over the last few years and this is directly impacting the aircraft engines market. Presently, the commercial aircraft industry fleet consist of nearly ~28,000 aircrafts, with APAC equaling the almost the North America market size. This lucrative growth rate is estimated to fuel the demand for aircraft engines over the forthcoming years in the global market. Furthermore, with the increasing disposable income, a large chunk of population is finding air travel an affordable option which is in turn driving the aircraft engines market.
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Aircraft Engines Market Segmentation
The aircraft engines market can be segmented in a number of ways. Some of the prominent basis of classification being product type, sales channel and application.
On the basis of product type, the aircraft engines market can be segmented into:
Turbofan
Turboshaft
Turboprop
Piston Based
On the basis of sales channel, the aircraft engines market can be segmented into:
Line Fit
Retro Fit
On the basis of application, the aircraft engines market can be segmented into:
Commercial Aviation
Narrow body aircraft
Wide body aircraft
Very large body aircraft
Regional aircraft
Business Aviation
Military Aviation
Recreational Aviation
Aircraft Engines Market Participants
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Examples of some of the market participants in the global aircraft engines market, identified across the value chain include:
Continental Motors Group
Safran Aircraft Engines
General Electric Co.
Pratt & Whitney (United Technologies Corporation)
IAE International Aero Engines AG
United Engine Corporation
Rolls-Royce plc
Motor Sich JSC
AVIC Aircraft Corporation Ltd.
Aero Engine Corporation of China
MTU Aero Engines AG
Barnes Group Inc.
Honeywell International Inc.
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Market Dynamics
Market Size
Market Segments
Demand & Supply Trends
Current Issues and Challenges
Companies and Competitor Landscape
Value Chain
Technology
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Aircraft Engines Innovation and Future Prospects Analyzed
Fact.MR has announced the addition of the “ Aircraft Engines Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2018 to 2028"report to their offering.