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Aircraft Engine Blade Market Analysis, Trends, Growth, Research And Forecast 2032
Aircraft Engine Blade Market
The Business Research Company's Aircraft Engine Blade Global Market Report 2023 identifies the surge in adopting cost-effective and fuel-efficient aircraft as the major driver for the aircraft engine blade market's growth in the forecast period. Cost-effective and fuel-efficient aircraft are designed to reduce operating costs and improve environmental sustainability, and they are equipped with advanced technologies to enhance fuel efficiency, reduce emissions, and lower maintenance costs. Aircraft engine blades are used in various cost-effective and fuel-efficient aircraft that increase their durability.
The global aircraft engine blade market size is expected to grow from $14.20 billion in 2022 to $15.40 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global aircraft engine blade market size is expected to reach $20.86 billion in 2027 at a CAGR of 7.9%.
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Major competitors in the aircraft engine blade market are CFM International, GE Aviation, Rolls-Royce Holdings plc., MTU Aero Engines AG, Albany International Corporation, Doncasters Group Limited, Safran S.A., IHI Corporation, Farinia S.A., Raytheon Technologies Corporation, General Electric Company, AeroEdge Co. Ltd., Collins Aerospace, GKN Aerospace, and Honeywell Aerospace.
A key trend in the aircraft engine blade market includes technological advancement. Major companies operating in the aircraft engine blade market are focused on advancements in composite materials for production to reinforce their position in the market. For instance, in April 2022, Rostec, a Russia-based industrial conglomerate corporation, introduced unique technologies for producing aircraft engine blades, using high-precision equipment and specialized materials such as titanium alloy to create blades with high-performance characteristics. This is driven by the growing demand for more fuel-efficient and environmentally friendly aircraft, which helps to reduce fuel consumption and emissions.
Read More On The Global Aircraft Engine Blade Market Report Here:
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The aircraft engine blade market is segmented -
• By Blade Type: Compressor Blades, Turbine Blades, Fan Blades
• By Aircraft Type: Commercial Aircraft, General Aviation, Regional Aircraft, Military Aircraft
• By Blade Size: 0-20, 21-40, 41-60
• By Material: Titanium, Nickle Alloy, Composites, Other Materials
• By End User: Original Equipment Manufacturer (OEM), Aftermarket
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the aircraft engine blade market.
The Business Research Company's "Global Aircraft Engine Blade Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Aircraft Engine Blade Market Include:
1. Executive Summary
2. Aircraft Engine Blade Market Characteristics
3. Aircraft Engine Blade Market Trends And Strategies
4. Aircraft Engine Blade Market - Macro Economic Scenario
5. Aircraft Engine Blade Market Size And Growth
……
27. Aircraft Engine Blade Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Aircraft Engine Blade Market
29. Aircraft Engine Blade Market Future Outlook and Potential Analysis
30. Appendix
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