This report describes and explains the aircraft gearbox market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global aircraft gearbox market reached a value of nearly $3.6 billion in 2024, having grown at a compound annual growth rate (CAGR) of 2.01% since 2019. The market is expected to grow from $3.6 billion in 2024 to $5.5 billion in 2029 at a rate of 8.87%. The market is then expected to grow at a CAGR of 8.01% from 2029 and reach $8.09 billion in 2034.
Growth in the historic period resulted from an increase in demand for military helicopters, investments in geared turbofan engines, rise in demand for hybrid-electric aircraft and increasing research and development efforts. Factors that negatively affected growth in the historic period were the increasing raw material costs and increasing aviation fuel prices.
Going forward, increasing aircraft fleet size, increase in air traffic, increased commercial aircraft deliveries and increased maintenance, repair and overhaul (MRO) activities support will drive growth. Factor that could hinder the growth of the aircraft gearbox market in the future include were stringent regulations and delays in aircraft production.
North America was the largest region in the aircraft gearbox market, accounting for 48.24% or $1.73 billion of the total in 2024. It was followed by Asia-Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the aircraft gearbox market will be Asia-Pacific and North America where growth will be at CAGRs of 10.10% and 8.92% respectively. These will be followed by Middle East and Western Europe where the markets are expected to grow at CAGRs of 8.87% and 8.38% respectively.
The global aircraft gearbox markets are fairly concentrated, with large players operating in the market. The top 10 competitors in the market made up 30.33% of the total market in 2023. The Boeing Group was the largest competitor with a 5.66% share of the market, followed by Safran SA with 4.72%, General Electric Co. with 3.27%, Triumph Group with 2.99%, Liebherr Aerospace with 2.98%, SKF Group with 2.75%, Rexnord Corporation with 2.42%, Northstar Aerospace with 2.08%, Aero Gear Inc. with 1.75% and Rolls-Royce plc with 1.68%.
The aircraft gearbox market is segmented by component into gear, housing, bearings and other components. The gear market was the largest segment of the aircraft gearbox market segmented by component, accounting for 36.04% or $1.29 billion of the total in 2024. Going forward, the gear segment is expected to be the fastest growing segment in the aircraft gearbox market segmented by component, at a CAGR of 8.92% during 2024-2029.
The aircraft gearbox market is segmented by aircraft type into civil aviation and military aviation. The civil aviation market was the largest segment of the aircraft gearbox market segmented by aircraft type, accounting for 74.26% or $2.67 billion of the total in 2024. Going forward, the civil aviation segment is expected to be the fastest growing segment in the aircraft gearbox market segmented by aircraft type, at a CAGR of 9.06% during 2024-2029.
The aircraft gearbox market is segmented by fit into retrofit and linefit. The retrofit market was the largest segment of the aircraft gearbox market segmented by fit, accounting for 60.37% or $2.17 billion of the total in 2024. Going forward, the retrofit segment is expected to be the fastest growing segment in the aircraft gearbox market segmented by fit, at a CAGR of 9.31% during 2024-2029.
The aircraft gearbox market is segmented by gearbox type into accessory, actuation, reduction, tail rotor, auxiliary power unit and other gearbox type. The accessory market was the largest segment of the aircraft gearbox market segmented by gearbox type, accounting for 28.88% or $1.03 billion of the total in 2024. Going forward, the auxiliary power unit segment is expected to be the fastest growing segment in the aircraft gearbox market segmented by gearbox type, at a CAGR of 10.17% during 2024-2029.
The aircraft gearbox market is segmented by application into engine and airframe. The engine market was the largest segment of the aircraft gearbox market segmented by application, accounting for 69.91% or $2.51 billion of the total in 2024. Going forward, the airframe segment is expected to be the fastest growing segment in the aircraft gearbox market segmented by application, at a CAGR of 9.32% during 2024-2029.
The top opportunities in the aircraft gearbox market segmented by component will arise in the gear segment, which will gain $691.97 million of global annual sales by 2029. The top opportunities in the aircraft gearbox market segmented by aircraft type will arise in the civil aviation segment, which will gain $1.45 billion of global annual sales by 2029. The top opportunities in the aircraft gearbox market segmented by fit will arise in the retrofit segment, which will gain $1.21 billion of global annual sales by 2029. The top opportunities in the aircraft gearbox market segmented by gearbox type will arise in the accessory segment, which will gain $538.37 million of global annual sales by 2029. The top opportunities in the aircraft gearbox market segmented by application will arise in the engine segment, which will gain $1.29 billion of global annual sales by 2029. The aircraft gearbox market size will gain the most in the USA at $807.71 million.
Market-trend-based strategies for the aircraft gearbox market include new health records feature brings seamless access to prescriptions and lab results, transforming clinical efficiency with cloud-based EHR technology, streamlining clinical and financial data for better healthcare management with cloud-based EHR technology, expansion of epic EMR system to improve healthcare coordination across hospitals and boosting healthcare efficiency through e-prescriptions and online verification.
Player-adopted strategies in the aircraft gearbox market include focus on expanding its business capabilities through partnership to expand its operational capabilities.
To take advantage of the opportunities, the analyst recommends the aircraft gearbox companies to focus on extending TBO and Enhancing Gearbox Reliability, focus on increasing TBO for heavy twin helicopters, focus on advancing power gearbox efficiency to reduce fuel burn, focus on upgrading main gearboxes to improve safety and efficiency, focus on bearings to capitalize on fastest growth in aircraft gearbox market, focus on auxiliary power units to capture high-growth opportunities, focus on military aviation to leverage fastest market growth, focus on retrofit segment to capture highest growth potential, expand in emerging markets, focus on strengthening global and regional distribution networks, focus on competitive and value-based pricing strategies, implement targeted, data-driven promotional strategies, leverage co-marketing partnerships to expand promotional reach and focus on airframe segment to maximize growth in aircraft gearbox applications.
The global aircraft gearbox market reached a value of nearly $3.6 billion in 2024, having grown at a compound annual growth rate (CAGR) of 2.01% since 2019. The market is expected to grow from $3.6 billion in 2024 to $5.5 billion in 2029 at a rate of 8.87%. The market is then expected to grow at a CAGR of 8.01% from 2029 and reach $8.09 billion in 2034.
Growth in the historic period resulted from an increase in demand for military helicopters, investments in geared turbofan engines, rise in demand for hybrid-electric aircraft and increasing research and development efforts. Factors that negatively affected growth in the historic period were the increasing raw material costs and increasing aviation fuel prices.
Going forward, increasing aircraft fleet size, increase in air traffic, increased commercial aircraft deliveries and increased maintenance, repair and overhaul (MRO) activities support will drive growth. Factor that could hinder the growth of the aircraft gearbox market in the future include were stringent regulations and delays in aircraft production.
North America was the largest region in the aircraft gearbox market, accounting for 48.24% or $1.73 billion of the total in 2024. It was followed by Asia-Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the aircraft gearbox market will be Asia-Pacific and North America where growth will be at CAGRs of 10.10% and 8.92% respectively. These will be followed by Middle East and Western Europe where the markets are expected to grow at CAGRs of 8.87% and 8.38% respectively.
The global aircraft gearbox markets are fairly concentrated, with large players operating in the market. The top 10 competitors in the market made up 30.33% of the total market in 2023. The Boeing Group was the largest competitor with a 5.66% share of the market, followed by Safran SA with 4.72%, General Electric Co. with 3.27%, Triumph Group with 2.99%, Liebherr Aerospace with 2.98%, SKF Group with 2.75%, Rexnord Corporation with 2.42%, Northstar Aerospace with 2.08%, Aero Gear Inc. with 1.75% and Rolls-Royce plc with 1.68%.
The aircraft gearbox market is segmented by component into gear, housing, bearings and other components. The gear market was the largest segment of the aircraft gearbox market segmented by component, accounting for 36.04% or $1.29 billion of the total in 2024. Going forward, the gear segment is expected to be the fastest growing segment in the aircraft gearbox market segmented by component, at a CAGR of 8.92% during 2024-2029.
The aircraft gearbox market is segmented by aircraft type into civil aviation and military aviation. The civil aviation market was the largest segment of the aircraft gearbox market segmented by aircraft type, accounting for 74.26% or $2.67 billion of the total in 2024. Going forward, the civil aviation segment is expected to be the fastest growing segment in the aircraft gearbox market segmented by aircraft type, at a CAGR of 9.06% during 2024-2029.
The aircraft gearbox market is segmented by fit into retrofit and linefit. The retrofit market was the largest segment of the aircraft gearbox market segmented by fit, accounting for 60.37% or $2.17 billion of the total in 2024. Going forward, the retrofit segment is expected to be the fastest growing segment in the aircraft gearbox market segmented by fit, at a CAGR of 9.31% during 2024-2029.
The aircraft gearbox market is segmented by gearbox type into accessory, actuation, reduction, tail rotor, auxiliary power unit and other gearbox type. The accessory market was the largest segment of the aircraft gearbox market segmented by gearbox type, accounting for 28.88% or $1.03 billion of the total in 2024. Going forward, the auxiliary power unit segment is expected to be the fastest growing segment in the aircraft gearbox market segmented by gearbox type, at a CAGR of 10.17% during 2024-2029.
The aircraft gearbox market is segmented by application into engine and airframe. The engine market was the largest segment of the aircraft gearbox market segmented by application, accounting for 69.91% or $2.51 billion of the total in 2024. Going forward, the airframe segment is expected to be the fastest growing segment in the aircraft gearbox market segmented by application, at a CAGR of 9.32% during 2024-2029.
The top opportunities in the aircraft gearbox market segmented by component will arise in the gear segment, which will gain $691.97 million of global annual sales by 2029. The top opportunities in the aircraft gearbox market segmented by aircraft type will arise in the civil aviation segment, which will gain $1.45 billion of global annual sales by 2029. The top opportunities in the aircraft gearbox market segmented by fit will arise in the retrofit segment, which will gain $1.21 billion of global annual sales by 2029. The top opportunities in the aircraft gearbox market segmented by gearbox type will arise in the accessory segment, which will gain $538.37 million of global annual sales by 2029. The top opportunities in the aircraft gearbox market segmented by application will arise in the engine segment, which will gain $1.29 billion of global annual sales by 2029. The aircraft gearbox market size will gain the most in the USA at $807.71 million.
Market-trend-based strategies for the aircraft gearbox market include new health records feature brings seamless access to prescriptions and lab results, transforming clinical efficiency with cloud-based EHR technology, streamlining clinical and financial data for better healthcare management with cloud-based EHR technology, expansion of epic EMR system to improve healthcare coordination across hospitals and boosting healthcare efficiency through e-prescriptions and online verification.
Player-adopted strategies in the aircraft gearbox market include focus on expanding its business capabilities through partnership to expand its operational capabilities.
To take advantage of the opportunities, the analyst recommends the aircraft gearbox companies to focus on extending TBO and Enhancing Gearbox Reliability, focus on increasing TBO for heavy twin helicopters, focus on advancing power gearbox efficiency to reduce fuel burn, focus on upgrading main gearboxes to improve safety and efficiency, focus on bearings to capitalize on fastest growth in aircraft gearbox market, focus on auxiliary power units to capture high-growth opportunities, focus on military aviation to leverage fastest market growth, focus on retrofit segment to capture highest growth potential, expand in emerging markets, focus on strengthening global and regional distribution networks, focus on competitive and value-based pricing strategies, implement targeted, data-driven promotional strategies, leverage co-marketing partnerships to expand promotional reach and focus on airframe segment to maximize growth in aircraft gearbox applications.
Major Market Trends
- Extending Time Before Overhaul (TBO) in Aircraft Gearbox Development
- Advanced Gearbox Design Doubles Time Before Overhaul for Heavy Twin Helicopter
- New Power Gearbox Innovation Enhances Fuel Efficiency in Aviation Engines
- Upgraded Main Gearboxes (eMGB) on Safety and Efficiency in Helicopter Operations
Key Mergers and Acquisitions
- Woodward, Inc. Acquired Safran S.A.
- Safran S.A. Acquired Collins Aerospace
- AAR Corp Acquired Triumph Group Inc.
Table of Contents
1 Executive Summary
6 Market Characteristics
7 Major Market Trends
8 Global Aircraft Gearbox Growth Analysis and Strategic Analysis Framework
9 Global Aircraft Gearbox Market Segmentation
10 Aircraft Gearbox Market, Regional and Country Analysis
11 Asia-Pacific Market
12 Western Europe Market
13 Eastern Europe Market
14 North America Market
15 South America Market
16 Middle East Market
17 Africa Market
18 Competitive Landscape and Company Profiles
19 Other Major and Innovative Companies
22 Key Mergers and Acquisitions
23 Recent Developments in the Aircraft Gearbox Market
24 Opportunities and Strategies
25 Aircraft Gearbox Market, Conclusions and Recommendations
26 Appendix
Executive Summary
Aircraft Gearbox Global Market Opportunities and Strategies to 2034 provides the strategists; marketers and senior management with the critical information they need to assess the global aircraft gearbox market.Reasons to Purchase
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Description
Where is the largest and fastest-growing market for aircraft gearbox? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The aircraft gearbox market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider aircraft gearbox market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by component, by aircraft type, by fit, by gearbox type and by application.
- Key Trends - Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Growth Analysis and Strategic Analysis Framework - Analysis on PESTEL, end use industries, market growth rate, global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods, forecast growth contributors and total addressable market (TAM).
- Global Market Size and Growth - Global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional and Country Analysis - Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Market Segmentation - Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment by component, by aircraft type, by fit, by gearbox type and by application in the market. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market.
- Regional Market Size and Growth - Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major and Innovative Companies - Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking - Briefs on the financials comparison between major players in the market.
- Competitive Dashboard - Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions - Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Recent Developments - Information on recent developments in the market covered in the report.
- Market Opportunities and Strategies - Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions and Recommendations - This section includes recommendations for aircraft gearbox providers in terms of product/service offerings geographic expansion, marketing strategies and target groups
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
1) by Component: Gear; Housing; Bearings; Other Components2) 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
Key Companies Profiled: the Boeing Group; Safran SA; General Electric Co.; Triumph Group; Liebherr Aerospace
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; aircraft gearbox indicators comparison.
Data Segmentation: Country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
The companies featured in this Aircraft Gearbox market report include:- The Boeing Group
- Safran SA
- General Electric Co.
- Triumph Group
- Liebherr Aerospace
- SKF Group
- Rexnord Corporation
- Northstar Aerospace
- Aero Gear Inc.
- Rolls-Royce plcMinebeaMitsumi Inc.
- Liebherr
- MinebeaMitsumi Inc.
- Kawasaki Heavy Industries (KHI)
- IHI Corporation
- Shimadzu Corporation
- Nabtesco Corporation
- Hanwha Aerospace
- Korea Aerospace Industries
- S&T Dynamics
- Airbus SE
- Harbin Aircraft Industry Group
- Shaanxi Aircraft Corporation
- Changhe Aircraft Industries Corporation
- Chengdu Aircraft Industry Group
- Guizhou Aircraft Industry Corporation
- Airbus Helicopters
- Amadeus IT Group
- SkyNRG
- TotalEnergies
- Air France-KLM
- Caphenia LanzaJet, Inc.
- Neste
- VTTI
- Galp Energia
- Repsol
- Cepsa
- IAG (International Airlines Group)
- G.S. Precision Inc
- Liebherr
- Meggitt PLC
- Eaton Corporation PLC
- Airbus S.A. S
- ZF Luftfahrttechnik
- ThyssenKrupp AG
- Liebherr
- Triumph Group
- Aero Gear
- CEF Industries
- GE Aviation
- Northstar Aerospace
- Rexnord Aerospace
- GE Aerospace
- Lufthansa Technik
- The Timken Company
- Avion Corporation
- Rolls-Royce
- Triumph Group
- Timken Company
- Circor International Inc
- Collins Aerospace
- Héroux-Devtek Inc
- Magellan Aerospace Corporation
- Bombardier Inc
- Bell Textron Inc
- Pratt & Whitney Canada
- KF Aerospace
- Parker-Hannifin Corporation
- Kaman Corporation
- Rexnord Corporation
- Aero Gear
- Northstar Aerospace
- CEF Industries
- The Timken Company
- AAR Corp
- AeroControlex
- Honeywell International Inc.
- Northrop Grumman
- Woodward, Inc.
- Moog Inc.
- Curtiss-Wright Corporation
- AMETEK
- Sikorsky Aircraft
- Lockheed Martin Corporation
- Embraer S.A.
- CEF Industries
- Northstar Aerospace
- Exnord Aerospace
- The Timken Company
- Elbit Systems Ltd
- Israel Aerospace Industries
- WEG S.A.
- Mubadala Aerospace
- Emirates SkyCargo
- Magellan Aerospace
- Avcorp Industries Inc
- TLD Group
- Saudi Arabian Military Industries (SAMI)
- Menatek Defense Technologies
- Saudi Aircraft Accessories and Components Company (AACC)
- Turkish Aircraft Industries Corporation (TAI)
- Raytheon
- MinebeaMitsumi Inc.
- Liebherr
- Kawasaki Heavy Industries (KHI)
- IHI Corporation
- Shimadzu Corporation
- Nabtesco Corporation
- Hanwha Aerospace
- Korea Aerospace Industries
- S&T Dynamics
- Airbus SE
- Harbin Aircraft Industry Group
- Shaanxi Aircraft Corporation
- Changhe Aircraft Industries Corporation
- Chengdu Aircraft Industry Group
- Guizhou Aircraft Industry Corporation
- Airbus Helicopters
- Amadeus IT Group
- SkyNRG
- TotalEnergies
- Air France-KLM
- Caphenia LanzaJet, Inc.
- Neste
- VTTI
- Galp Energia
- Repsol
- Cepsa
- IAG (International Airlines Group)
- G.S. Precision Inc
- Meggitt PLC
- Eaton Corporation PLC
- Airbus S.A. S
- ZF Luftfahrttechnik
- ThyssenKrupp AG
- Liebherr
- Triumph Group
- Aero Gear
- CEF Industries
- GE Aviation
- Northstar Aerospace
- Rexnord Aerospace
- GE Aerospace
- Lufthansa Technik
- The Timken Company
- Avion Corporation
- Timken Company
- Circor International Inc
- Collins Aerospace
- Héroux-Devtek Inc
- Magellan Aerospace Corporation
- Bombardier Inc
- Bell Textron Inc
- Pratt & Whitney Canada
- KF Aerospace
- Parker-Hannifin Corporation
- Kaman Corporation
- Rexnord Corporation
- AAR Corp
- AeroControlex
- Honeywell International Inc.
- Northrop Grumman
- Woodward, Inc.
- Moog Inc.
- Curtiss-Wright Corporation
- AMETEK
- Sikorsky Aircraft
- Lockheed Martin Corporation
- Embraer S.A.
- CEF Industries
- Northstar Aerospace
- Elbit Systems Ltd
- Israel Aerospace Industries
- WEG S.A.
- Mubadala Aerospace
- Emirates SkyCargo
- Magellan Aerospace
- Avcorp Industries Inc
- TLD Group
- Saudi Arabian Military Industries (SAMI)
- Menatek Defense Technologies
- Saudi Aircraft Accessories and Components Company (AACC)
- Turkish Aircraft Industries Corporation (TAI)
- Honeywell International Inc
- L3Harris Technologies Inc
- General Dynamics Corporation
- PSJ Engineering (Pty) Ltd
- Aero Parts Africa
- Jaycon Gearbox
- Triumph Group Inc
- ExecuJet MRO Services
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 344 |
| Published | June 2025 |
| Forecast Period | 2024 - 2034 |
| Estimated Market Value ( USD | $ 3.6 Billion |
| Forecasted Market Value ( USD | $ 8.09 Billion |
| Compound Annual Growth Rate | 8.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 191 |
