Report Ocean recently released a research report on the Aircraft Gearbox Market, which covers the market’s historical growth, cost structure, revenue, trends, and potential prospects for the period 2023-2031. The report provides an extensive coverage of the market across various categories and includes a detailed analysis at the national level, along with an evaluation of the key drivers, restraints, trends, and opportunities in the market.
The global aircraft gearbox market revenue was around US$ 3 billion in 2021 and is estimated to reach US$ 5.9 billion by 2031, growing at a compound annual growth rate (CAGR) of 6.5% during the forecast period from 2022 to 2031.
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An aircraft’s gearbox, including the entire system, distributes power between two components like the MGB and the tail rotor. Gearboxes, which are a component of the gearbox system, are frequently used to alter rotational speed.
Factors Influencing Market Growth
Increased passenger traffic worldwide supporting a positive surge in the aviation industry and an increase in infrastructure investment drives the market growth.
Initiatives by regional governments to build indigenous manufacturing capacities are just a few examples of the extensive research and development efforts made by global players to improve the operational efficiency of an aircraft gearbox. These factors are anticipated to boost the market growth.
Adoption of complicated gearbox designs and the incorporation of additive manufacturing to reduce experimenting and manufacturing costs. Such factors fuel the market growth.
Study of the COVID-19 Pandemic
The COVID-19 pandemic had a negative impact on the market. Due to the government enacted a lockdown global supply chains have suffered significant damage. In addition, the pandemic has severely impacted the finances of aviation gearbox manufacturers by raising the cost of carrying aircraft gearbox inventory. COVID-19 affected the global economy and created numerous obstacles for business. The crisis’s impact on aviation travel caused major difficulties for the gearbox. The imposition of tight travel restrictions caused the passenger criteria to fall.
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Regional Insights
Asia-Pacific is anticipated to experience the greatest CAGR. In contrast to India, which is emerging as the fastest-growing market over the same period because of its rapid growth in commercial aircraft enterprises. Countries like China and Japan are anticipated to remain the region’s significant participants. Several potential purchasers from the Middle East, including Emirates, Qatar, Etihad, and numerous other rising airlines, are largely responsible for the expansion of the global aircraft gearbox market.
Leading Competitors
The leading competitors in the global aircraft gearbox market are:
Aero Gear
PBS Group
Northstar Aerospace
General Electric
Triumph Group
AVION TECHNOLOGIES INC
Safran
Rolls-Royce plc
Regal Rexnord
Boeing
Others
Segmentation Analysis
The global aircraft gearbox market segmentation focuses on Application, Component, End Use, Sales Channel and Region.
Segmentation based on Application
Engine
o Piston and Turboprop Engine
o Turbojet Engine
o Turboshaft Engine
o Turbofan Engine
Airframe
Segmentation based on Component
Gear
Housing
Bearing
Others
Segmentation based on End Use
Commercial Aircraft
? Narrow Body
? Wide Body
? Regional and Business Jet
? Freighter Aircraft
Military Aircraft
? Combat Aircraft
? Special Mission Aircraft
? Tanker and Transport
? Training Aircraft
Helicopters
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Segmentation based on Sales Channel
OEM
Aftermarket
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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Table of Content
Chapter 1: Global Aircraft Gearbox Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Aircraft Gearbox market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Aircraft Gearbox Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Aircraft Gearbox market Size Forecast (2023-2031).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Aircraft Gearbox market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Aircraft Gearbox market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Aircraft Gearbox market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Aircraft Gearbox business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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