The Future of Aircraft Gearbox Market in the forecast period (2020-2025) as predicted by Stratview Research

The report on Aircraft Gearbox Market to be published by Stratview Research focusses on current trend insights and also predicts about the market condition and its future in the forecast period of 2020 – 2025

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This report, from Stratview Research, studies the aircraft gearbox market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Get a description of the report here: https://www.stratviewresearch.com/437/Aircraft-Gearbox-Market.html

Aircraft Type Segment
Based on the aircraft type, the market is segmented as commercial aircraft (narrow-body aircraft, wide-body aircraft, very large body aircraft), regional aircraft, general aviation, military aircraft, and Helicopter. Commercial aircraft is likely to remain the growth engines of the aircraft gearbox market over the next five years, propelled by increasing aircraft deliveries to support rising passenger and cargo traffic, upcoming variants of existing programs, and rising commercial aircraft fleet size.

Gearbox Type Segment
Based on the gearbox type, the market is segmented as accessory gearbox, power gearbox, actuator gearbox, auxiliary power unit (APU) gearbox, and others. The accessory gearbox segment is expected to witness the highest growth during the forecast period, propelled by the advancements in the technology and increasing commercial aircraft deliveries.

Application Type Segment
Based on the application type, the market is segmented as engine (turbofan, turboshaft, turboprop, turbojet, and piston engine), and airframe. The engine segment is estimated to register higher growth during the forecast period as gearboxes are an integral part of an aircraft engine and deliver the necessary thrust required during takeoff and landing. Among engine segments, turbofan is likely to remain the largest as well as the fastest-growing segment over the next five years, driven by a higher dominance in commercial and regional aircraft.

Region Wise Segment
In terms of regions, North America is expected to lead the aircraft gearbox market in the coming five years as the region is the manufacturing capital of the aerospace industry with the presence of several OEMs, engine manufacturers, gearbox suppliers, distributors, and component suppliers. The USA will continue to propel the demand for aircraft gearboxes in the region over the next five years. Boeing, Bombardier, Lockheed Martin, and Gulfstream are the major aircraft makers, generating a high demand for gearboxes for their aircraft assembled in the region. The opening of assembly plants of the A320 aircraft program by Airbus in the USA further assures a healthy demand for aircraft gearboxes in the region.

Check the Table of Contents to browse through the report better: https://www.stratviewresearch.com/toc/437/Aircraft-Gearbox-Market.html

Highlights of the Report:
The global aircraft gearbox market is likely to witness an impressive CAGR of 4.8% 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.

Some of the major players in aircraft gearbox market are AB SKF, BMT Aerospace, GE AVIO S.r.l. (Avio Aero), Kawasaki Heavy Industries Ltd., Northstar Aerospace, Inc., Safran Transmission Systems, The Liebherr Group, The Timken Company, 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.

Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
Based on the research, a proper report is crafted with the following key features:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Know more about us and our reports:
Stratview Research is known to offer its insightful reports and custom researches in some of important industry sectors such as aerospace & Defense, Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. Whether it is collection of data or analysis of the trends, the expert team makes sure to put in its best efforts to come up with the best results for the interested clients.

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This release was published on openPR.