Press release
Aircraft Engine Blade Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
What industry-specific factors are fueling the growth of the aircraft engine blade market?The aircraft engine blade market is expected to expand due to the increasing adoption of cost-effective and fuel-efficient planes. Aircraft designs that prioritize reduced operating costs and enhanced environmental sustainability are in demand because they incorporate advanced technologies to maximise fuel efficiency, limit emissions, and diminish maintenance costs. The usage of aircraft engine blades in these kinds of airplanes enhances their longevity. As illustrated by the Commercial Market Outlook (CMO) 2022 from the Boeing Company, a US firm from the aircraft industry, the requirement for fuel-efficient aircraft is predicted to surge to 41,000 planes by 2041. As a result, the increasing adoption of cost-effective and fuel-efficient aircraft is propelling the aircraft engine blade market.
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What Is the projected market size and growth rate for the aircraft engine blade market?
The market size of aircraft engine blades has witnessed notable expansion in the past few years. The expansion is expected to continue, moving from $16.34 billion in 2024 to $17.65 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 8.0%. This previous growth can be accredited to several factors such as the expansion of the aerospace industry, increase in demand for air travel, military aviation requirements, research and development in the field of materials science, the need for fuel efficiency, and the emergence of low-cost carriers.
The market size for aircraft engine blades is anticipated to witness robust growth in the forthcoming years, expanding to "$23.85 billion by 2029 with a compound annual growth rate (CAGR) of 7.8%. This projected growth during the forecast period is due to strict aviation safety standards, electrification in the aviation sector, the inclusion of additive manufacturing, expansion of regional aviation markets, and the replacement of older aircraft fleets. Prominent trends during this period encompass strategic partnerships in the aerospace sector, engine maintenance based on data, progress in blade coating technologies, structures that are light in weight, the usage of 3D printing technology, and the merging of sensor technologies.
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What new trends are reshaping the aircraft engine blade market and its opportunities?
The improvement of composite materials is a prevalent trend in the aircraft engine blade industry. Major aerospace manufacturers in the aircraft engine blade industry are concentrating on the improvement of composite materials to amplify their market stance. For example, in April 2022, Rostec, an industrial conglomerate based in Russia, unveiled cutting-edge technologies for the fabrication of aircraft engine blades, utilizing high-precision machinery and bespoke materials like titanium alloy to fabricate high-performance blades. This trend is propelled by the escalating demand for aircraft that are more fuel-efficient and better for the environment, thereby aiding in fuel consumption reduction and emission control.
What major market segments define the scope and growth of the aircraft engine blade market?
The aircraft engine blade market covered in this report is segmented -
1) By Blade Type: Compressor Blades, Turbine Blades, Fan Blades
2) By Blade Size: 0-20, 21-40, 41-60
3) By Material: Titanium, Nickle Alloy, Composites, Other Materials
4) By Aircraft Type: Commercial Aircraft, General Aviation, Regional Aircraft, Military Aircraft
5) By End User: Original Equipment Manufacturer (OEM), After market
Subsegments:
1) By Compressor Blades: Low-Pressure Compressor Blades, High-Pressure Compressor Blades
2) By Turbine Blades: High-Pressure Turbine Blades, Low-Pressure Turbine Blades
3) By Fan Blades: Front Fan Blades, Rear Fan Blades
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Which region dominates the aircraft engine blade market?
North America was the largest region in the aircraft engine blade market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global aircraft engine blade market during the forecast period. The regions covered in the aircraft engine blade market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Which key market leaders are driving the aircraft engine blade industry growth?
Major companies operating in the aircraft engine blade market include CFM International, General Electric Company, Rolls-Royce Holdings plc, MTU Aero Engines AG, Albany International Corporation, Doncasters Group Limited, Safran S.A., Farinia S.A., RTX Corporation, AeroEdge Co. Ltd., GKN Aerospace Pvt. Ltd., Honeywell International Inc., Alcoa Corporation, Hi-Tek Manufacturing Pvt. Ltd., Aviadvigatel OJSC, PowerJet Engineering LLP, Textron Inc., Pratt & Whitney, Perm Engine Corporation, Omsk Engine Design Bureau, Aviastar-SP JSC, Howmet Aerospace Inc., Precision Castparts Corp., Avio Aero, Mitsubishi Heavy Industries Ltd., IHI Corporation, Kawasaki Heavy Industries Ltd., Siemens AG, Leonardo S.p.A., Liebherr Group
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What Is Covered In The Aircraft Engine Blade Global Market Report?
• Market Size Forecast: Examine the aircraft engine blade market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the aircraft engine blade market for a structured understanding.
• Key Players Overview: Analyze major players in the aircraft engine blade market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the aircraft engine blade market.
• Segment Contributions: Evaluate how different segments drive overall growth in the aircraft engine blade market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the aircraft engine blade market.
• Industry Challenges: Identify potential risks and obstacles affecting the aircraft engine blade market.
• Competitive Landscape: Review strategic developments in the aircraft engine blade market, including expansions, agreements, and new product launches.
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