Market Overview:
The global commercial turboprop aircraft market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for transportation and travel industry, and the rising number of passengers travelling by air. Additionally, the growing economies in Asia Pacific and Latin America are also contributing to the growth of this market. However, factors such as high maintenance cost and limited range may restrain the growth of this market during the forecast period. The global commercial turboprop aircraft market is segmented on the basis of type, application, and region. On basis of type, it is classified into small (20-50 seats), medium (50-90 seats), large (90 seats or more). By application, it is divided into transportation industry, travel industry,, others).
Product Definition:
A commercial turboprop aircraft is a type of airliner typically used for short- to medium-range flights. They are powered by a turbine engine that drives a propeller, and most models can carry between 20 and 50 passengers. Commercial turboprop aircraft are important for connecting small towns and rural areas to major metropolitan hubs, as well as for providing service to smaller airports that cannot support larger jets.
Small (20 to 50 Seats):
Small aircraft are used for personal or business travel, and they can be single-aisle or twin-aisle general aviation. They are commonly called as turboprops because of the propeller mounted on the rear end of the fuselage. The turboprop has a seat for pilot and co-pilot (optionally),GPS, radio, and navigation equipment installed in it which makes it an effective tool for aerial photography as well as transportation.
Medium (50 to 90 Seats):
The medium category aircraft is used for short-haul and medium range flights. The typical example of such an aircraft would be a turboprop with 50 seats or less, which can carry passengers up to about 450 nm from the base. It is also used by some airlines as a replacement for smaller jet airliners in short-haul routes where demand is expected to be high enough to support the cost of operation.
Application Insights:
The transportation industry accounted for the largest share of over 50.0% in 2017 and is expected to witness significant growth over the forecast period. The segment will be driven by increasing air travel demand, especially from emerging economies such as China, India and Brazil. Furthermore, governments are also promoting civil aviation as a vital part of their economic development strategies which is likely to propel market growth over the coming years.
The travel industry segment was valued at USD 446 million in 2017 owing to growing air transport services between countries worldwide due to low-cost carriers (LCCs) entering into new markets with lower fares while trying to achieve higher operating margins through expanding their route networks within a country or across different countries. This has led various companies including EasyJet Plc., Ryanair Plc.
Regional Analysis:
North America is expected to dominate the global market over the forecast period. The growth can be attributed to increasing demand for turboprops in North American regional aviation industry. In 2017, around 5,000 turboprops were sold by Bombardier and Cessna Aircraft Company alone. Moreover, new entrants such as Embraer are offering efficient services through their line of aircraft including E-Jet II and Phenom 300/600 series.
Asia Pacific is projected to witness significant growth over the next eight years owing to rising disposable incomes coupled with rapid urbanization across emerging economies such as India and China.
Europe was valued at USD X million in 2017 owing to high sales volume of large commercial turbine aircraft produced by Airbus S.A., Siemens AG & Co.
Growth Factors:
- Increasing demand for air travel: The global commercial aviation industry is expected to grow at a CAGR of 5.8% from 2016 to 2021. This growth is primarily driven by the increasing demand for air travel, especially in emerging markets such as China and India.
- Proliferation of low-cost carriers: The proliferation of low-cost carriers (LCCs) has led to an increase in the demand for affordable air travel, which is driving the growth of the commercial turboprop aircraft market.
- Expansion of regional airports: A number of regional airports are being developed or expanded to cater to the growing demand for air travel from small and medium-sized cities. This is contributing to the growth of the commercial turboprop aircraft market.
- Introduction of new models: Several leading aircraft manufacturers are introducing new models of commercial turboprop aircraft, which are attracting buyers due to their improved performance and fuel efficiency characteristics .
Scope Of The Report
Report Attributes
Report Details
Report Title
Commercial Turboprop Aircraft Market Research Report
By Type
Small (20 to 50 Seats), Medium (50 to 90 Seats), Large (90 Seats Above)
By Application
Transportation Industry, Travel Industry, Others
By Companies
Airbus, Embraer, Ukroboronprom, BAE Systems, Bombardier, AVIC, GECI International, Melrose Industries
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
126
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Commercial Turboprop Aircraft Market Report Segments:
The global Commercial Turboprop Aircraft market is segmented on the basis of:
Types
Small (20 to 50 Seats), Medium (50 to 90 Seats), Large (90 Seats Above)
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
Transportation Industry, Travel Industry, Others
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:
- Airbus
- Embraer
- Ukroboronprom
- BAE Systems
- Bombardier
- AVIC
- GECI International
- Melrose Industries
Highlights of The Commercial Turboprop Aircraft 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:
- Small (20 to 50 Seats)
- Medium (50 to 90 Seats)
- Large (90 Seats Above)
- By Application:
- Transportation Industry
- Travel Industry
- Others
- 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 Turboprop Aircraft 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:
- Correctly Positioning New 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 turboprop aircraft are airplanes that use turbofan engines to generate thrust. These engines provide more power and efficiency than traditional piston engine aircraft, making them a popular choice for short-haul flights.
Some of the key players operating in the commercial turboprop aircraft market are Airbus, Embraer, Ukroboronprom, BAE Systems, Bombardier, AVIC, GECI International, Melrose Industries.
The commercial turboprop aircraft market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Commercial Turboprop Aircraft 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 Turboprop Aircraft Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Commercial Turboprop Aircraft 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 Turboprop Aircraft 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 Turboprop Aircraft Market Size & Forecast, 2020-2028
4.5.1 Commercial Turboprop Aircraft Market Size and Y-o-Y Growth
4.5.2 Commercial Turboprop Aircraft 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 Small (20 to 50 Seats)
5.2.2 Medium (50 to 90 Seats)
5.2.3 Large (90 Seats Above)
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 Transportation Industry
6.2.2 Travel Industry
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Commercial Turboprop Aircraft 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 Turboprop Aircraft 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 Small (20 to 50 Seats)
9.6.2 Medium (50 to 90 Seats)
9.6.3 Large (90 Seats Above)
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 Transportation Industry
9.10.2 Travel Industry
9.10.3 Others
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 Small (20 to 50 Seats)
10.6.2 Medium (50 to 90 Seats)
10.6.3 Large (90 Seats Above)
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 Transportation Industry
10.10.2 Travel Industry
10.10.3 Others
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 Small (20 to 50 Seats)
11.6.2 Medium (50 to 90 Seats)
11.6.3 Large (90 Seats Above)
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 Transportation Industry
11.10.2 Travel Industry
11.10.3 Others
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 Small (20 to 50 Seats)
12.6.2 Medium (50 to 90 Seats)
12.6.3 Large (90 Seats Above)
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 Transportation Industry
12.10.2 Travel Industry
12.10.3 Others
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 Small (20 to 50 Seats)
13.6.2 Medium (50 to 90 Seats)
13.6.3 Large (90 Seats Above)
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 Transportation Industry
13.10.2 Travel Industry
13.10.3 Others
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 Turboprop Aircraft Market: Competitive Dashboard
14.2 Global Commercial Turboprop Aircraft Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Airbus
14.3.2 Embraer
14.3.3 Ukroboronprom
14.3.4 BAE Systems
14.3.5 Bombardier
14.3.6 AVIC
14.3.7 GECI International
14.3.8 Melrose Industries
