Market Overview:
The global general aviation engines 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 general aviation aircraft for business and leisure purposes. Additionally, the increasing demand for turboprop and turbofan engines is also contributing to the growth of this market. The global general aviation engines market by type is segmented into turboprop engine, turbofan engine, turboshaft engine, and piston engine. The piston engine segment is expected to dominate the global general aviation engines market during the forecast period owing to its low cost and easy maintenance as compared to other types of engines.
Product Definition:
The definition of general aviation engines is engines that are used in planes that are not used for commercial purposes. These engines can be either piston or turbine powered. General aviation engines are important because they provide a way for people to travel without having to use a commercial airline. They also allow people to conduct business while in the air, as well as fly for pleasure.
Turboprop Engine:
The turboprop engine is a power source for aircraft engines that uses the air as a combustion medium. The turboprop has a simpler design than the jet, with fewer parts and lower fuel capacity; it burns fuel at a constant pressure of atmospheric pressure instead of using high-pressure oxygen-rich gas in jets.
Turboprops are often used as an alternative to conventional piston engines in general aviation aircraft such as business jets.
Turbofan Engine:
The turbofan engine is a type of gas turbine where the working fluid (fuel and/or air) is contained in an annulus between two rotating blades. The main advantages of using this type of engine are that it produces relatively less noise than conventional jet engines, has a lower rate of acceleration when compared to turbojets, and has significantly less vibration than conventional piston engines.
Application Insights:
The business jet segment dominated the global general aviation engines market in terms of revenue share in 2017. The demand for business jets is expected to witness a rapid growth over the forecast period owing to increasing disposable income and tourism industry. Business jets are typically equipped with more luxurious interiors, larger windows, and superior acoustic properties than other aircraft types. These factors are likely to drive the demand for these engines over the forecast period.
Turboprops accounted for a significant market share in terms of volume as well as revenue in 2017 due to their ability to provide enhanced capabilities at an economical cost per flying hour compared with other aircraft types such as helicopters or business jets. Growing defense expenditure by countries such as India and China is anticipated to propel product demand from 2018-2030.
Regional Analysis:
North America dominated the global general aviation engines market in terms of revenue share in 2017. The growth can be attributed to the presence of major aircraft manufacturers and service providers such as Beechcraft, Cessna Aircraft Company, Gulfstream Aerospace Corporation, and Textron Inc. In addition, increasing demand for personal air vehicles is expected to drive the regional market over the forecast period.
Asia Pacific is anticipated to witness significant growth over a projected period owing to rising disposable income coupled with growing popularity of business jets among high net worth individuals from emerging economies including China and India. Demand for new types of aircraft is also likely boost sales volume across this region during the forecast period.
Growth Factors:
- Increasing demand for general aviation aircrafts
- Rising disposable income of the middle-class population in developing countries
- Proliferation of small and lightweight general aviation aircrafts
- Technological advancements in engine design and manufacturing processes
- Growing popularity of recreational flying
Scope Of The Report
Report Attributes
Report Details
Report Title
General Aviation Engines Market Research Report
By Type
Turboprop Engine, Turbofan Engine, Turboshaft Engine, Piston Engine
By Application
Business Jet, Turboprop Aircraft, Piston Engine Aircraft
By Companies
CFM International, General Electric, International Aero Engines AG, Rolls-Royce Holdings, Pratt & Whitney Group(Raytheon), Safran SA, Honeywell International, MTU Aero Engines AG, Engine Alliance LLC, Aero Engine Corporation of China, 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
142
Number of Tables & Figures
100
Customization Available
Yes, the report can be customized as per your need.
Global General Aviation Engines Market Report Segments:
The global General Aviation Engines market is segmented on the basis of:
Types
Turboprop Engine, Turbofan Engine, Turboshaft Engine, Piston Engine
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
Business Jet, Turboprop Aircraft, Piston Engine Aircraft
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:
- CFM International
- General Electric
- International Aero Engines AG
- Rolls-Royce Holdings
- Pratt & Whitney Group(Raytheon)
- Safran SA
- Honeywell International
- MTU Aero Engines AG
- Engine Alliance LLC
- Aero Engine Corporation of China
- CFM International
Highlights of The General Aviation Engines 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:
- Turboprop Engine
- Turbofan Engine
- Turboshaft Engine
- Piston Engine
- By Application:
- Business Jet
- Turboprop Aircraft
- Piston Engine Aircraft
- 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 General Aviation Engines 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
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- Consumer Insights
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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?
General aviation engines are typically smaller and less powerful than commercial aircraft engines. They are used in small planes, helicopters, and light airplanes.
Some of the key players operating in the general aviation engines market are CFM International, General Electric, International Aero Engines AG, Rolls-Royce Holdings, Pratt & Whitney Group(Raytheon), Safran SA, Honeywell International, MTU Aero Engines AG, Engine Alliance LLC, Aero Engine Corporation of China, CFM International.
The general aviation engines 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 General Aviation Engines 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 General Aviation Engines Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 General Aviation Engines 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 General Aviation Engines 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 General Aviation Engines Market Size & Forecast, 2020-2028
4.5.1 General Aviation Engines Market Size and Y-o-Y Growth
4.5.2 General Aviation Engines 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 Turboprop Engine
5.2.2 Turbofan Engine
5.2.3 Turboshaft Engine
5.2.4 Piston Engine
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 Business Jet
6.2.2 Turboprop Aircraft
6.2.3 Piston Engine Aircraft
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global General Aviation Engines 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 General Aviation Engines 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 Turboprop Engine
9.6.2 Turbofan Engine
9.6.3 Turboshaft Engine
9.6.4 Piston Engine
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 Business Jet
9.10.2 Turboprop Aircraft
9.10.3 Piston Engine Aircraft
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 Turboprop Engine
10.6.2 Turbofan Engine
10.6.3 Turboshaft Engine
10.6.4 Piston Engine
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 Business Jet
10.10.2 Turboprop Aircraft
10.10.3 Piston Engine Aircraft
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 Turboprop Engine
11.6.2 Turbofan Engine
11.6.3 Turboshaft Engine
11.6.4 Piston Engine
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 Business Jet
11.10.2 Turboprop Aircraft
11.10.3 Piston Engine Aircraft
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 Turboprop Engine
12.6.2 Turbofan Engine
12.6.3 Turboshaft Engine
12.6.4 Piston Engine
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 Business Jet
12.10.2 Turboprop Aircraft
12.10.3 Piston Engine Aircraft
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 Turboprop Engine
13.6.2 Turbofan Engine
13.6.3 Turboshaft Engine
13.6.4 Piston Engine
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 Business Jet
13.10.2 Turboprop Aircraft
13.10.3 Piston Engine Aircraft
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 General Aviation Engines Market: Competitive Dashboard
14.2 Global General Aviation Engines Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CFM International
14.3.2 General Electric
14.3.3 International Aero Engines AG
14.3.4 Rolls-Royce Holdings
14.3.5 Pratt & Whitney Group(Raytheon)
14.3.6 Safran SA
14.3.7 Honeywell International
14.3.8 MTU Aero Engines AG
14.3.9 Engine Alliance LLC
14.3.10 Aero Engine Corporation of China
14.3.11 CFM International
