Quick Summary:
In the fast-paced and complex world of the global aircraft gearbox industry, staying ahead of market trends and getting insightful data is crucial for making strategic decisions. Our market research report, projected to reach a revised size of US$3.5 billion by 2030, offers detailed insights to keep you abreast in this dynamic field. Gain a competitive edge with our in-depth evaluation of the accessory segment expected to record a 5.4% CAGR and reach US$980.6 Million by the end of the analysis period.
Our report further breaks down the highly competitive landscape, with special emphasis on the U.S. and China, which remain major players alongside emerging engines of growth such as Japan, Canada, and Germany. Other standout analysis includes Asia-Pacific, which holds a projected value of US$471.8 Million by the year 2030. Key players like Aero Gear, SKF Group, Safran among others are featured to assist you in understanding your competition and positioning in the market. Opt for our market research report and stay armed with actionable insights to fuel your strategic planning.
Global Aircraft Gearbox Market to Reach $3.5 Billion by 2030
The global market for Aircraft Gearbox estimated at US$2.5 Billion in the year 2022, is projected to reach a revised size of US$3.5 Billion by 2030, growing at a CAGR of 4.3% over the analysis period 2022-2030. Accessory, one of the segments analyzed in the report, is projected to record a 5.4% CAGR and reach US$980.6 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Reduction segment is readjusted to a revised 3.9% CAGR for the next 8-year period.
The U.S. Market is Estimated at $687.2 Million, While China is Forecast to Grow at 7.5% CAGR
The Aircraft Gearbox market in the U.S. is estimated at US$687.2 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$753.4 Million by the year 2030 trailing a CAGR of 7.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.3% and 4.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$471.8 Million by the year 2030.Select Competitors (Total 42 Featured) -
- Aero Gear, Inc.
- Aero Gearbox International
- Avion Technologies Inc.
- CEF Industries LLC
- Liebherr-International Deutschland GmbH
- Northstar Aerospace
- Pbs Velka Bites
- Safran
- SKF Group
- Triumph Group
- United Technologies Corporation (UTC)
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Aircraft Gearbox?
What is the growth rate of the Global Market for Aircraft Gearbox?
What is the forecasted size of the Global Market for Aircraft Gearbox?
Who are the key companies in the Global Market for Aircraft Gearbox?
| Report Attribute | Details |
|---|---|
| No. of Pages | 244 |
| Published | September 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 2.5 Billion |
| Forecasted Market Value ( USD | $ 3.5 Billion |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Aero Gear, Inc.
- Aero Gearbox International
- Avion Technologies Inc.
- CEF Industries LLC
- Liebherr-International Deutschland GmbH
- Northstar Aerospace
- Pbs Velka Bites
- Safran
- SKF Group
- Triumph Group
- United Technologies Corporation (UTC)
