Market Overview:
The global commercial aircraft turbine blades and vanes market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for commercial aircraft across the globe. Additionally, the increase in passenger traffic is also fueling the demand for new and more efficient aircraft, which is in turn driving the growth of this market. The global commercial aircraft turbine blades and vanes market can be segmented on the basis of type into blades and vanes. On the basis of application, it can be divided into narrow-body, wide-body, regional jets and others (including business jets). Regionally, it can be segmented into North America, Latin America, Europe Asia Pacific and Middle East & Africa.
Product Definition:
Commercial Aircraft Turbine Blades and Vanes are components of a turbine engine that extract energy from the gas flow to turn the engine's rotor. The blades are curved and mounted on a disk, while the vanes are straight and mount on the shaft.
Blades:
blades, it's usage and growth factor in commercial aircraft turbines.
blades, its usage & growth factor in commercial aircraft turbine blades & vanes market? what is the difference between gas turbine blade and aero-derivative engine blade ?; What is the difference between jet engine exhausts.
Vanes:
The vanes are the aerodynamic structures located on the outer edge of a turbine blade. The primary function of a vane is to control and balance the pressure losses that occur due to suction or compression in its surrounding air stream. A turbine is an engine used for converting energy from one form to another through the movement of fluid.
Application Insights:
Commercial aircraft turbines are used in narrow-body, wide-body and regional jets. The narrow-body segment dominated the global market with a share of over 60% in 2017. This is attributed to increasing demand from low-cost carriers (CCS) such as Ryanair, Southwest Airlines and Volaris. Moreover, the introduction of fuel efficient engines by major players such as GE and CFM International has driven down operating costs which makes them affordable for passengers.
The wide-body segment is expected to witness significant growth over the forecast period owing to growing demand from premium airlines including Emirates, Qatar Airways and Singapore Airlines among others who fly on a regular basis between Europe.
Regional Analysis:
Asia Pacific accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The region has a well-established aerospace & defense industry, which includes commercial aircraft manufacturers. Furthermore, rising disposable income of consumers coupled with rapid urbanization in emerging economies such as India and China are likely to drive regional growth over the next eight years.
North America is projected to be one of the most lucrative regions during the same period owing to increasing demand from UAV manufacturers operating across various applications including military, agricultural monitoring systems among others. Europe also held a significant market share due to high demand from narrow body aircraft operators such as Ryanair and easyJet airlines that operate primarily between major airports on mainland Europe.
Growth Factors:
- Increasing demand for air travel: The global commercial aircraft fleet is expected to grow at a CAGR of 3.5% from 2016 to 2021, reaching over 43,000 aircraft by 2021. This will create demand for new and replacement turbine blades and vanes.
- Technological advancements: Aircraft engine manufacturers are constantly striving to develop more fuel-efficient engines with longer life spans. This requires the use of advanced materials and coatings in turbine blades and vanes, which will drive market growth.
- Stringent emissions regulations: Airlines are increasingly being forced to comply with stringent emissions regulations set by governments around the world. This is driving the need for more fuel-efficient engines, which in turn is boosting demand for turbine blades and vanes made from advanced materials that improve engine performance while reducing emissions levels .
Scope Of The Report
Report Attributes
Report Details
Report Title
Commercial Aircraft Turbine Blades and Vanes Market Research Report
By Type
Blades, Vanes
By Application
Narrow-body, Wide-body, Regional jets
By Companies
GE Aviation, GKN Aerospace, Rolls Royce, Turbocam, UTC Aerospace, Chromalloy, Hi-Tek Manufacturing, Moeller Aerospace, Snecma, GE Aviation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
164
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Commercial Aircraft Turbine Blades and Vanes Market Report Segments:
The global Commercial Aircraft Turbine Blades and Vanes market is segmented on the basis of:
Types
Blades, Vanes
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Narrow-body, Wide-body, Regional jets
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GE Aviation
- GKN Aerospace
- Rolls Royce
- Turbocam
- UTC Aerospace
- Chromalloy
- Hi-Tek Manufacturing
- Moeller Aerospace
- Snecma
- GE Aviation
Highlights of The Commercial Aircraft Turbine Blades and Vanes Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Blades
- Vanes
- By Application:
- Narrow-body
- Wide-body
- Regional jets
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Commercial Aircraft Turbine Blades and Vanes Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Commercial aircraft turbine blades and vanes are the parts of an airplane engine that convert the energy from the fuel into motion.
Some of the major companies in the commercial aircraft turbine blades and vanes market are GE Aviation, GKN Aerospace, Rolls Royce, Turbocam, UTC Aerospace, Chromalloy, Hi-Tek Manufacturing, Moeller Aerospace, Snecma, GE Aviation.
The commercial aircraft turbine blades and vanes market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Commercial Aircraft Turbine Blades and Vanes Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Commercial Aircraft Turbine Blades and Vanes Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Commercial Aircraft Turbine Blades and Vanes Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Commercial Aircraft Turbine Blades and Vanes Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Commercial Aircraft Turbine Blades and Vanes Market Size & Forecast, 2020-2028
4.5.1 Commercial Aircraft Turbine Blades and Vanes Market Size and Y-o-Y Growth
4.5.2 Commercial Aircraft Turbine Blades and Vanes Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Blades
5.2.2 Vanes
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Narrow-body
6.2.2 Wide-body
6.2.3 Regional jets
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Commercial Aircraft Turbine Blades and Vanes Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Commercial Aircraft Turbine Blades and Vanes Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Blades
9.6.2 Vanes
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Narrow-body
9.10.2 Wide-body
9.10.3 Regional jets
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Blades
10.6.2 Vanes
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Narrow-body
10.10.2 Wide-body
10.10.3 Regional jets
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Blades
11.6.2 Vanes
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Narrow-body
11.10.2 Wide-body
11.10.3 Regional jets
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Blades
12.6.2 Vanes
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Narrow-body
12.10.2 Wide-body
12.10.3 Regional jets
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Blades
13.6.2 Vanes
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Narrow-body
13.10.2 Wide-body
13.10.3 Regional jets
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Commercial Aircraft Turbine Blades and Vanes Market: Competitive Dashboard
14.2 Global Commercial Aircraft Turbine Blades and Vanes Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GE Aviation
14.3.2 GKN Aerospace
14.3.3 Rolls Royce
14.3.4 Turbocam
14.3.5 UTC Aerospace
14.3.6 Chromalloy
14.3.7 Hi-Tek Manufacturing
14.3.8 Moeller Aerospace
14.3.9 Snecma
14.3.10 GE Aviation
