Press release
Global Aircraft Gearbox Market to Reach $4.72 Billion by 2029, Growing at 6.6% CAGR
Aircraft Gearbox
The aircraft gearbox market is poised for expansion, driven by the anticipated rise in air traffic. This rise is linked to a growing number of air travelers, surge in international tourism, and heightened demand for commercial aircraft for deliveries. The population growth and economic expansion are catalyzing an upsurge in aviation traffic, leading to a rise in demand for aircraft engines and components. This, in turn, spurs the aircraft gearbox market. For example, in May 2022, the IATA (International Air Transport Association), which is a Canada-based airlines trade association, revealed that global air traffic in March 2022 surged by 76.0%. The traffic in March experienced a 425.44% increase compared to March 2021. Moreover, in March 2022, air traffic for airlines in the Asia-Pacific region witnessed a 197.1% increase compared to the same month in the previous year, a significant growth from the 146.5% increase recorded in February 2022 over February 2021. Hence, the surge in air traffic is propelling the aircraft gearbox market towards growth.
Get Your Aircraft Gearbox Market Report Here:
https://www.thebusinessresearchcompany.com/report/aircraft-gearbox-global-market-report
What is the projected compound annual growth rate (CAGR) of the aircraft gearbox market from 2025 to 2034, and what factors influence it?
Recent years have seen a robust growth in the size of the aircraft gearbox market. The value of the market is expected to rise from $3.39 billion in 2024 to $3.65 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 7.6%. The compelling growth during the historical period stems from a buoyant economy in developing markets, escalating air traffic, a surge in commercial aircraft deliveries, and investments funnelled into geared turbofan engines.
Expectations are high for robust expansion in the aircraft gearbox market over the coming years. By 2029, it is forecasted to attain a value of $4.72 billion, exhibiting a compound annual growth rate (CAGR) of 6.6%. Several factors will contribute to this growth during the projected period, such as the burgeoning demand for military helicopters, an expanded aircraft fleet size, and increased dedication to research and development. Key trend forecasts for this period include initiatives focusing on the introduction of novel power gearboxes and the advancement of technologies to create more advanced products. Additionally, strategic partnerships and collaborative efforts are expected to broaden their product range and geographical reach. Another key focus will be market investment strategies aimed at the development of innovative product solutions.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7718&type=smp
How are the latest trends influencing the growth of the aircraft gearbox market?
Prominent corporations in the aircraft gearbox market are concentrating on technological innovation like advanced main gearboxes (eMGB) to bolster safety, minimize maintenance expenses, and heighten overall operational productivity. Especially designed for helicopters, this advanced main gearbox (eMGB) escalates operational productivity and safety with improved engineering and materials. The result is a reduction in maintenance needs and downtime, which in turn enhances the total performance and dependability of the aircraft for operators. For example, Airbus Helicopters SAS, an Airbus division based in France that manufactures helicopters, launched an advanced main gearbox (eMGB) for the H225 in February 2023 with the intentions of augmenting safety and vastly reducing maintenance needs for operators. This groundbreaking development not only elevates the performance of the helicopter but also highlights Airbus's dedication to advancing technology within the heavy-twin sector.
What are the major segments of the aircraft gearbox market and their role in driving growth?
The aircraft gearbox market covered in this report is segmented -
1) By Component: Gear, Housing, Bearings, Other Components
2) By Aircraft Type: Civil Aviation, Military Aviation
3) By Fit: Retrofit, Linefit
4) By Gearbox Type: Accessory, Actuation, Reduction, Tail Rotor, Auxiliary Power Unit, Other Gearbox Types
5) By Application: Engine, Airframe
Subsegments:
1) By Gear: Reduction Gears, Planetary Gears, Spur Gears
2) By Housing: Gearbox Cases, End Covers
3) By Bearings: Roller Bearings, Ball Bearings, Thrust Bearings
4) By Other Components: Seals And Gaskets, Lubrication Systems, Cooling Systems
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7718
Which regions are key players in the growth of the aircraft gearbox market?
North America was the largest region in the aircraft gearbox market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aircraft gearbox market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the aircraft gearbox market?
Major companies operating in the aircraft gearbox market include Safran, Triumph Group, Liebherr, The Boeing Group, General Electric, Rexnord Corporation, Rolls-Royce plc, Aero Gear, SKF, Northstar Aerospace, BAE Systems India Services Pvt Ltd, Nabtesco Corporation, Harbin Aircraft Industry Group, Shenyang Aircraft Corporation, Xi'an Aircraft Industrial Corporation, Shanghai Aircraft Industry Corporation, Hongdu Aviation Industry Group, Changhe Aircraft Industries Corporation, Chengdu Aircraft Industry Group, Guizhou Aircraft Industry Corporation, Meggitt PLC, Eaton Corporation PLC, Airbus S.A. S, ZF Luftfahrttechnik, ThyssenKrupp AG, CEF Industries, The Timken Company, PBS Velka Bites, Avion Corporation, AAR Corp, Circor International Inc, Collins Aerospace, Héroux-Devtek Inc, Magellan Aerospace Corporation, Bombardier Inc, Bell Textron Inc, Pratt & Whitney Canada, KF Aerospace, Elbit Systems Ltd, Israel Aerospace Industries, Saudi Aircraft Accessories and Components Company, Mubadala Aerospace, Alp Aviation, Turkish Technic Inc, Turkish Aircraft Industries Corporation, Parker-Hannifin Corporation, Moog Inc.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=7718&type=smp
What Is Covered In The Aircraft Gearbox Global Market Report?
•Market Size Forecast: Examine the aircraft gearbox market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the aircraft gearbox market for a structured understanding.
•Key Players Overview: Analyze major players in the aircraft gearbox market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the aircraft gearbox market.
•Segment Contributions: Evaluate how different segments drive overall growth in the aircraft gearbox market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the aircraft gearbox market.
•Industry Challenges: Identify potential risks and obstacles affecting the aircraft gearbox market.
•Competitive Landscape: Review strategic developments in the aircraft gearbox market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Aircraft Gearbox Market to Reach $4.72 Billion by 2029, Growing at 6.6% CAGR here
News-ID: 3898551 • Views: …
More Releases from The Business Research Company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Air
Thermoelectric Assemblies Market, By Type (Air to Air, Direct to Air, Liquid to …
The thermoelectric assemblies market is expected to witness market growth at a rate of 8.25% in the forecast period of 2021 to 2028. Data Bridge Market Research report on thermoelectric assemblies market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the application of thermoelectric assemblies in the food and beverage industry…
Air Ambulance Market 2019 Global Analysis By Key Players – EMA Global , Native …
WiseGuyReports.Com Publish a New Market Research Report On –“ Air Ambulance Market 2019 Global Analysis By Key Players – EMA Global , Native American Air Ambulance, Air Medical Group, REVA Air Ambulance, PHI Air Medical ”.
Air Ambulance Industry 2019
Description:-
Air Ambulance is also known as helicopter emergency medical service, it refers to the aircraft specially adapted for carrying patients with critical condition and serious injury after permanent professional medical…
Air Ambulance Services Market 2019 AMR PHI Air Medical Scandinavian Air Ambulanc …
Air medical services is a comprehensive term covering the use of air transportation, airplane or helicopter, to move patients to and from healthcare facilities and accident scenes. Personnel provide comprehensive prehospital and emergency and critical care to all types of patients during aeromedical evacuation or rescue operations aboard helicopter and propeller aircraft or jet aircraft.
Request a Sample of this Report @ http://www.orbisresearch.com/contacts/request-sample/2398576 …
Air Ambulance Services Market 2026: Air Methods Corporation, Deccan Charters, Sc …
Coherent Market Insights has announced the addition of the “Air Ambulance Services Market Size Status and Forecast 2026”, The report classifies the global Air Ambulance Services Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
Publisher’s Air Ambulance Services market research report provides the newest industry data and industry future trends, allowing you to identify the products and…
Air Ambulance Services Market Growth, & Key Business Strategies by Leading Indus …
Coherent Market Insights has announced the addition of the “Air Ambulance Services Market Size Status and Forecast 2026”, The report classifies the global Air Ambulance Services Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
This report studies the global Air Ambulance Services Speaker market, analyzes and researches the Air Ambulance Services Speaker development status and forecast in…
Air Ambulance Services Market Analysis Report, Regional Outlook with Key Players …
Coherent Market Insights has announced the addition of the “Air Ambulance Services Market Size Status and Forecast 2026”, The report classifies the global Air Ambulance Services Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
This report studies the global Air Ambulance ServicesSpeaker market, analyzes and researches the Air Ambulance Services Speaker development status and forecast in North…
