Turboprop Engine Market Report 2026

The turboprop engine market size has grown strongly in recent years. It will grow from $3.55 billion in 2025 to $3.73 billion in 2026 at a compound annual growth rate (CAGR) of 5%. The growth in the historic period can be attributed to growing demand for fuel-efficient aircraft for regional and short-haul flights, technological advancements in single-shaft and free-turbine turboprop engines, increasing adoption in commercial and military aviation sectors, rising focus on low-speed performance and short takeoff and landing capabilities, early development and improvements in engine components such as turbines, compressors, and combustion chambers.

The turboprop engine market size is expected to see steady growth in the next few years. It will grow to $4.53 billion in 2030 at a compound annual growth rate (CAGR) of 5%. The growth in the forecast period can be attributed to expansion of turboprop engines for emerging regional aviation markets, integration of advanced materials and coatings for enhanced engine efficiency, development of low-emission and sustainable engine variants, increasing aftermarket services and maintenance for turboprop fleets, adoption of digital monitoring and predictive maintenance systems for engine performance optimization. Major trends in the forecast period include growth in regional turboprop aircraft for short-haul routes, rising adoption of hybrid-electric turboprop engines, advancements in fuel-efficient propeller designs, integration of advanced materials in engine components, expansion of maintenance, repair, and overhaul (mro) services for turboprops.

The turboprop engine market is expected to experience growth due to the increasing demand for newer aircraft models. Newer aircraft models represent the latest generations of aircraft recently designed, developed, and manufactured by aerospace companies. Turboprop engines are particularly used in aircraft that prioritize fuel efficiency, short takeoff and landing capabilities, and the ability to operate from airports with shorter runways. According to the General Aviation Manufacturers Association (GAMA) in October 2023, fixed-wing business aviation aircraft deliveries globally saw an 18.5% increase in Q2 2023, rising from 681 units to 772 units compared to Q2 2022. Notably, the turboprop segment played a pivotal role in this growth, demonstrating a significant 26.3% increase, with 173 units delivered in Q2 2023 compared to the same period in 2022. This underscores how the escalating demand for newer aircraft models is driving the growth of the turboprop engine market.

Leading companies in the turboprop engine market are prioritizing the development of advanced solutions, including next-generation turboprop aircraft to meet key industry needs. These aircraft serve a range of applications, including regional flights, cargo transport, military missions, charters, medical evacuations, pilot training, and scenic tourism, known for their efficiency and adaptability. For instance, in January 2023, Embraer, a Brazil-based aerospace company, unveiled its next-generation turboprop aircraft, initially slated for mid-2023. Designed to compete in the 70- to 90-seat market, this turboprop aims to improve fuel efficiency and operational performance over current models like those by ATR and De Havilland Canada. Embraer is also exploring advanced engine technologies, such as hybrid-electric options, to further enhance the aircraft’s capabilities.

In March 2023, Precision Aviation Group, Inc., a US-based company specializing in avionics, helicopters, jet aircraft, and turboprop engines, acquired PTB Group for an undisclosed amount. This strategic acquisition enhances Precision Aviation Group's Engine Services Division by incorporating PT6 and TPE331 engine services, along with significantly expanding the company's supply chain solutions. PTB Group, based in Australia, is known for its commitment to excellent customer service and surpassing client expectations, particularly in providing turboprop aircraft engines.

Major companies operating in the turboprop engine market are Lockheed Martin Corp., Airbus SE, Northrop Grumman Corporation, Honeywell International Inc., GE Aerospace, Safran S.A., Pratt & Whitney, Textron Aviation Inc., Kawasaki Heavy Industries ltd, IHI Corporation, Rotax Aircraft Engines, Rolls-Royce Plc, Embrear SA, McCauley Propeller Systems, DAHER, ATR, Pilatus Aircraft LTD., Mitsubishi Heavy Industries Aero Engines, PBS Aerospace, Quest Aircraft Company, Precision Aviation Group Inc., Air Tractor Inc., Technify Motors, Turbotech, Avidyne Corporation, Varman Aviation Private Limited, Motor Sich JSC, OMA SUD, TurbAero, Heron Engines.

North America was the largest region in the turboprop engine market in 2025 and is expected to be the fastest-growing region in the forecast period. The regions covered in the turboprop engine market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs on engine components, turbines, compressors, and specialized materials are increasing production costs and delaying deliveries of turboprop engines, particularly affecting hardware-intensive segments such as axial-flow and centrifugal engines. Regions like North America, Europe, and Asia-Pacific with major aircraft manufacturing and MRO activities are most affected. Positively, tariffs are driving domestic production investments, encouraging supply chain localization, and promoting innovations in cost-efficient, fuel-saving turboprop technologies.

The turboprop engine research report is one of a series of new reports that provides turboprop engine market statistics, including the turboprop engine industry's global market size, regional shares, competitors with an turboprop engine market share, detailed turboprop engine market segments, market trends and opportunities, and any further data you may need to thrive in the turboprop engine industry. This turboprop engine market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

A turboprop engine is a specific type of aircraft engine designed to power a propeller. These engines are optimized for driving propellers and are particularly efficient at low flying speeds, typically less than Mach 0.6. Turboprop-equipped aircraft are valued for their efficiency at lower speeds, cost-effectiveness, and adaptability during landings and takeoffs. These characteristics make turboprop engines suitable for a diverse range of aircraft and operational requirements.

The primary types of turboprop engines are axial-flow type turboprop engines and centrifugal type turboprop engines. Axial-flow turboprop engines are gas turbine engines where air flows parallel to the engine's axis. These engines are commonly used in airplanes to compress air before it enters the combustion chamber. Axial-flow turboprop engines encompass various technologies, including conventional engines and electric or hybrid engines. These engines find applications on platforms such as fixed-wing aircraft and rotary-wing aircraft, catering to diverse needs in commercial aviation, military aviation, and general aviation.

The countries covered in the turboprop engine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The turboprop engine market consists of sales of single-shaft turboprop engines, free-turbine turboprop engines, compressors, exhaust nozzles, combustion chambers and turbines. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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