Market Overview:
The global commercial turboshaft engine 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 helicopters, tanks, hydrofoils and other applications across the globe. Additionally, the increasing adoption of turboshaft engines in unmanned aerial vehicles (UAVs) is also propelling the growth of this market. Based on type, high pressure turboshaft engines are expected to dominate the global commercial turboshaft engine market during the forecast period from 2018 to 2030. This can be attributed to their higher efficiency as compared with low pressure turbines and their ability to operate at high altitudes without any loss in performance or efficiency.
Product Definition:
A turboshaft engine is a gas turbine engine that drives an axial compressor to produce shaft power. The power can be used directly, as in a helicopter, or it can be converted into mechanical or electrical energy using an output shaft.
High Presure:
High pressure is a condition in which the hydrostatic pressure is greater than the atmospheric pressure. High presure plays an important role in turbo-shaft engines, as it helps to increase power output and efficiency of these engines.
The high presure concept has been applied on gas turbine engine designs for many years; however, with recent developments in gas turbine technology this concept has started to play a more important role.
Low Presure:
Low Presure (LP) is a term used for engines that run on diesel fuel and have low compression ratio. LP gas turbines are preferred over their counterparts as they produce less emissions at the time of operation. The major advantage of using an LP turbine is that it can be started easily by using a small amount of fuel, unlike high-pressure turbines which require full load to operate.
The market size for low pressure.
Application Insights:
On the basis of application, the global commercial turboshaft engine market has been segmented into helicopters, tanks, hydrofoils and others. The other applications include marine and land vehicles. Helicopter was estimated as the largest revenue generating segment in 2017 owing to increasing demand for military & civil rotorcraft across various regions including Asia Pacific and Middle East & Africa.
Tank was another prominent application that accounted for a significant share in 2017 due to high product adoption by major defense agencies worldwide including U.S.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region, owing to the increasing demand from countries such as China and India. The regional market is anticipated to grow at a CAGR of XX% during the forecast period. Increasing military expenditure by various governments in order to strengthen national defense capabilities is one of the key factors driving product demand in this region. For instance, China increased its military budget by 7% in 2017 as compared with 2016, which was around USD X billion.
Europe accounted for more than 25% revenue share in 2017 and will expand further due to stringent emission norms implemented across several countries such as Germany and France among others that are likely drive innovation across commercial turboshaft engines industry verticals including power generation sector also known as Turbomeca Engines 4 (TME4). In addition, presence of leading aircraft manufacturers including Airbus S.A.
Growth Factors:
- Increasing demand for commercial turboshaft engines from the helicopter and unmanned aerial vehicle (UAV) segments is expected to drive the market growth.
- Rising popularity of small turboshaft engines for light helicopters is projected to boost the demand for these engines in the coming years.
- Growing number of helicopter deliveries across different regions is anticipated to create lucrative opportunities for market players over the forecast period.
- Introduction of stringent emission norms by regulatory authorities is likely to propel adoption of advanced turboshaft engine technologies over the next few years.
- increasing investments in R&D activities by key players are expected to result in development of more fuel-efficient and reliable commercial turboshaft engines in near future
Scope Of The Report
Report Attributes
Report Details
Report Title
Commercial Turboshaft Engine Market Research Report
By Type
High Presure, Low Presure
By Application
Helicopters, Tanks, Hydrofoils, Others
By Companies
GE Aviation, PBS Aerospace, Honeywell Areospace, Rolls Royce, Pratt & Whitney, IHI Group, Lycoming Engines, Safran (CFM International)
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
215
Number of Tables & Figures
151
Customization Available
Yes, the report can be customized as per your need.
Global Commercial Turboshaft Engine Market Report Segments:
The global Commercial Turboshaft Engine market is segmented on the basis of:
Types
High Presure, Low Presure
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
Helicopters, Tanks, Hydrofoils, 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:
- GE Aviation
- PBS Aerospace
- Honeywell Areospace
- Rolls Royce
- Pratt & Whitney
- IHI Group
- Lycoming Engines
- Safran (CFM International)
Highlights of The Commercial Turboshaft Engine 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:
- High Presure
- Low Presure
- By Application:
- Helicopters
- Tanks
- Hydrofoils
- 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 Turboshaft Engine 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
A commercial turboshaft engine is a type of gas turbine engine that is used for aircraft propulsion. Commercial turboshaft engines are designed to operate at high speeds and altitudes, making them ideal for use in large passenger planes.
Some of the key players operating in the commercial turboshaft engine market are GE Aviation, PBS Aerospace, Honeywell Areospace, Rolls Royce, Pratt & Whitney, IHI Group, Lycoming Engines, Safran (CFM International).
The commercial turboshaft engine 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 Turboshaft Engine 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 Turboshaft Engine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Commercial Turboshaft Engine 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 Turboshaft Engine 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 Turboshaft Engine Market Size & Forecast, 2020-2028
4.5.1 Commercial Turboshaft Engine Market Size and Y-o-Y Growth
4.5.2 Commercial Turboshaft Engine 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 High Presure
5.2.2 Low Presure
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 Helicopters
6.2.2 Tanks
6.2.3 Hydrofoils
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Commercial Turboshaft Engine 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 Turboshaft Engine 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 High Presure
9.6.2 Low Presure
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 Helicopters
9.10.2 Tanks
9.10.3 Hydrofoils
9.10.4 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 High Presure
10.6.2 Low Presure
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 Helicopters
10.10.2 Tanks
10.10.3 Hydrofoils
10.10.4 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 High Presure
11.6.2 Low Presure
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 Helicopters
11.10.2 Tanks
11.10.3 Hydrofoils
11.10.4 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 High Presure
12.6.2 Low Presure
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 Helicopters
12.10.2 Tanks
12.10.3 Hydrofoils
12.10.4 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 High Presure
13.6.2 Low Presure
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 Helicopters
13.10.2 Tanks
13.10.3 Hydrofoils
13.10.4 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 Turboshaft Engine Market: Competitive Dashboard
14.2 Global Commercial Turboshaft Engine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GE Aviation
14.3.2 PBS Aerospace
14.3.3 Honeywell Areospace
14.3.4 Rolls Royce
14.3.5 Pratt & Whitney
14.3.6 IHI Group
14.3.7 Lycoming Engines
14.3.8 Safran (CFM International)
