Lewes, DE -- (SBWIRE) -- 05/19/2016 -- Report forecast the global commercial aircraft turbine blades and vanes market to grow at a CAGR of 5.85% during the period 2016-2020.

Turbine blades and vanes make up the turbine section of the modern aircraft gas turbine engine and are present in the high-pressure turbine (HPT) and low-pressure turbine (LPT) sections. Since they operate at extremely high temperature and pressure, they are usually made of superalloys that can withstand harsh operating conditions.

The report covers the present scenario and the growth prospects of the global commercial aircraft turbine blades and vanes market for 2016-2020.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, a key driver of market growth is the rise in aircraft and aero-engine sales. Global air traffic is expected to grow at 4.7% over the next 20 years, as more than 29,000 new passengers and cargo aircraft will be required to fulfill this demand in air traffic. In addition, more than 10,400 existing fleets will be replaced in this period.

Further, the report states that one challenge that could hamper market growth is the difficulty in repairing and restoring turbine blades and vanes.

Global Commercial Aircraft Turbine Blades and Vanes Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Commercial Aircraft Turbine Blades and Vanes Market: GE Aviation, GKN Aerospace, Rolls-Royce, TURBOCAM, and UTC Aerospace Systems.

Other Prominent Vendors in the market are: Chromalloy, Hi-Tek Manufacturing, Moeller Aerospace, Snecma, and Turbocam International.

Market driver
- Increase in aircraft and aero-engine sales
- For a full, detailed list, view our report

Market challenge
- Technical difficulties to repair and restore turbine blades and vanes
- For a full, detailed list, view our report

Market trend
- New turbine blade material
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 58 pages and 31 Exhibit "Global Commercial Aircraft Turbine Blades and Vanes Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Aerospace and defense supply chain system, Aerospace and defense value chain system, Market segmentation by aircraft size configuration, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-commercial-aircraft-turbine-blades-and-vanes-market-2016-2020

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