Press release
Gas Turbine Engine Market in Commercial Aircraft Industry Analysis By Leading Key Players - CFM, GE, Pratt & Whitney, Rolls-Royce, Avio Aero, MTU and Williams International
Commercial Aircraft Gas Turbine Engine Market
Market Synopsis of Global Commercial Aircraft Gas Turbine Engine Market
The Global Commercial Aircraft Gas Turbine Engine Market is expected to grow at a CAGR of around 6% during 2016-2021. The key factors driving the growth are improved fuel efficient gas turbine engines, growth in aircraft fleet and new models, and growth in PMA.
As per the MRFR analysis, factors restraining the market growth are custom duties and taxes, carbon emission, and issues related to spare part pricing.
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Industry/ Innovation/ Related News:
September, 2017: British jet engine-maker Rolls-Royce collaboration with the Defence Research and Development Organisation (DRDO), developing gas turbine technology in India. It was also planning to launch the Trent 700 jet engines to Indian Market.
January, 2018: Chine was in talks for sale of jet engine technology to Germany, moreover China was also manufacturing its own C919 passenger jet.
Key Players
Some of the key players in the Global Commercial Aircraft Gas Turbine Engine Market are CFM International, General Electric, Pratt & Whitney Division, Rolls-Royce, Avio Aero, Engine Alliance, International Aero Engines, MTU Aero Engines, NPO Saturn, Power Jet, Snecma, and Williams International
Target Audience
• Commercial Aircraft Engine OEMs
• Aftermarket Suppliers
• Component Suppliers
• Potential Investors
• Key executive (CEO and COO) and strategy growth manager
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Commercial Aircraft Gas Turbine Engine Market –Segmentation
The global commercial aircraft gas turbine engine market is segmented in to 2 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Engine Type : Turbojet, Turbofan, and Turboprop.
Segmentation by Fit : Line Fit and Retro Fit
Segmentation by Regions : Comprises Geographical regions - North America, Europe, Asia-Pacific, Middle East & Africa and South America.
Commercial Aircraft Gas Turbine Engine Market: Regional Analysis
The high cost of material is the major factor curbing the growth of commercial aircraft gas turbine market. The industrial aircraft turbine engine market is extremely competitive thanks to the presence of an oversized range of vendors. Factors like the engine’s price, reliableness, and quality area unit a number of the key factors the vendors sometimes view on. To enhance their market positions, the vendors area unit more and more specializing in giving cost-effective and superior quality engines with new generation technologies.
Though the key regions of commercial gas turbine engine market are North America, Europe, APAC, Latin America, and MEA. APAC is the fastest growing region in aircraft market, the growth is due the increase in manufacturing of commercial aircraft in countries like China and Japan.
Deregulation has altered the structure of the broader aviation business, this can be not the case within the industrial craft turbine engine market. The business remains heavily focused on 3 main firms - GE Aviation, Pratt & Whitney and Rolls Royce, including many venture partnerships that manage specific engine programmes. High barriers to entry, the importance placed on establishing a reputation for quality, and appreciable sums earned from after sales services mean that this market structure for new jet engines is unlikely to vary.
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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