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Turboprop Engine Market 2021 Size, Status and Global Outlook - Rolls-Royce plc, Safran, GE, Honeywell International, Inc

09-28-2021 10:53 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Market Insights Reports

The Turboprop Engine Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The turboprop engine market is expected to register a CAGR of over 3% during the forecast period.

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https://www.marketinsightsreports.com/reports/10192353783/turboprop-engine-market-growth-trends-and-forecasts-2020-2025/inquiry?Mode=PD                                                        

Top Leading Companies of Turboprop Engine Market are Pratt & Whitney (Raytheon Technologies Corporation), Rolls-Royce plc, Safran, GE, Honeywell International, Inc., MTU Aero Engines AG and others.

Key Market Trends

North America Projected to Dominate the Market During the Forecast Period

North America is the largest market for Turboprop Engines in 2019. The region is also expected to grow with the highest CAGR during the forecast period, due to large-scale demand for turboprop aircraft from the United States. In the General Aviation segment, North America alone accounted for about 50.3% of the turboprop aircraft shipments in 2019. The region is also generating demand for new turboprop aircraft in the commercial aircraft segment, with the growth in the demand for regional aircraft. In April 2019, Silver Airways LLC., is a United States regional airline, became the first U.S. airline to operate the new ATR -600 series aircraft after taking delivery of three new ATR 42-600 aircraft in 2019. As of 2019, the airline planned to take the delivery and start the operations of 20 ATR-600 series aircraft by 2020. The ATR-600 series of aircraft features improved PW127M engines which enable a 5% increase in takeoff power via a "boost function" used only when called for by takeoff conditions. On the other hand, the US, which has the highest military spending in the world, is also the largest market for military turboprop transport and tanker aircraft in the world. The country, in December 2019, ordered 50 more Lockheed Martin C-130J Super Hercules four-engine turboprop military transport aircraft. The contract alone, may generate demand for around 250 Rolls-Royce AE 2100 D3 turboprop engines that power the aircraft, during the forecast period. Such orders for turboprop aircraft is expected to generate demand for the turboprop engine in North America, thereby contributing to its high share in the market during the forecast period.

Regional Outlook of Turboprop Engine Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

Browse Full Report at:

https://www.marketinsightsreports.com/reports/10192353783/turboprop-engine-market-growth-trends-and-forecasts-2020-2025?Mode=PD                                                                

What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Turboprop Engine Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

Please connect with our sales team (sales@marketinsightsreports.com).

Contact US:
Irfan Tamboli (Head of Sales) : Market Insights Reports
Phone: + 1704 266 3234 | Mob: +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com

About Us:

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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