Market Overview:
The global wide-body aircraft engine market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The growth of the market can be attributed to the increasing demand for large wide-body aircraft for long-haul flights and the rising popularity of low-cost carriers across the globe. On the basis of type, turbojet engines are expected to account for a larger share in terms of revenue in 2018 as compared to turbo fan engines. However, turbo fan engines are anticipated to register a higher CAGR over the forecast period owing to their superior fuel efficiency as compared with turbojet engines. By application, small and medium wide body aircraft are expected account for majority share in terms of revenue in 2018 followed by large wide body aircraft segment.
Product Definition:
Wide-body Aircraft Engine is a type of aircraft engine that is typically larger than traditional engines and is designed to power wide-body aircraft. Wide-body Aircraft Engines are important because they provide the power necessary to move large aircraft, which can be important for transporting passengers or cargo.
Turbojet Engine:
Turbojet engines are combustion engines that operate on the principle of burning fuel to generate energy in the form of exhaust gases. The engine functions by using a high speed and pressure environment around two main components, namely impeller and compressor.
The turbojet engine is driven by exhaust gases produced from an internal combustion engine which may be gas turbine or steam turbine based.
Turbo Fan Engine:
Turbo fan engine is a type of aircraft engine in which the working medium for propelling the aeroplane is a spinning turbine. The gas turbine acts as an external power source to drive the compressor, which then feeds air into the combustion chamber. The expanding combustion gases push against the walls ofthe cylinder and generate lift to propel the aeroplane throught he atmosphere.
Application Insights:
The large wide-body aircraft application segment led the global wide-body aircraft engine market in 2017 and is projected to maintain its dominance over the forecast period. The large wide-body aircraft are typically equipped with four engines, which provide higher thrust and power for takeoff and landing. These engines have a high power output capability, which enables them to operate at a relatively low speed compared to other commercial aviation turbine engines of similar size.
The demand for these types of jetliners has witnessed an upsurge due to their ability to accommodate more passengers in each flight as well as across multiple flights in a day owing to their high seating capacity. In addition, growing demand from major airlines including American Airlines Group Inc., British Airways Plc., Air France KLM Group, Lufthansa Technik und Reisen GmbH & Co. KGaA, Delta Air Lines Inc., Finnair Corporation Ltd., Iberia Express S A; Japan Airlines Co.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing region over the forecast period. The growth can be attributed to increasing wide body aircraft operations in developing countries such as India, China, and Thailand. Furthermore, rising air passenger traffic in these regions has led to an increase in demand for new aircraft with greater capacity. This factor is anticipated to drive regional market growth over the next eight years.
Europe accounted for a significant share of global revenue owing to high demand from major airlines including British Airways and Lufthansa along with low fuel prices that have attracted wide-body aircraft operators toward Europe for short haul flights thereby driving regional market growth over the past few years.
Growth Factors:
- Increasing demand for wide-body aircrafts from the commercial sector is expected to drive the growth of the wide-body aircraft engine market during the forecast period.
- The increasing passenger traffic across different regions is also anticipated to fuel the demand for wide-body aircraft engines in the coming years.
- The rising number of air passengers and airlines are expected to create opportunities for growth in the market for wide-body aircraft engines over the forecast period.
- The increasing adoption of new technologies and materials by manufacturers is projected to propel growth in this market duringthe forecast period . 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Wide-body Aircraft Engine Market Research Report
By Type
Turbojet Engine, Turbo Fan Engine
By Application
Small And Medium Wide Body Aircraft, Large Wide-Body Aircraft
By Companies
GE Aviation, Pratt & Whitney, Rolls-Royce, 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
138
Number of Tables & Figures
97
Customization Available
Yes, the report can be customized as per your need.
Global Wide-body Aircraft Engine Market Report Segments:
The global Wide-body Aircraft Engine market is segmented on the basis of:
Types
Turbojet Engine, Turbo Fan 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
Small And Medium Wide Body Aircraft, Large Wide-Body 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:
- GE Aviation
- Pratt & Whitney
- Rolls-Royce
- GE Aviation
Highlights of The Wide-body Aircraft 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:
- Turbojet Engine
- Turbo Fan Engine
- By Application:
- Small And Medium Wide Body Aircraft
- Large Wide-Body 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 Wide-body Aircraft 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 wide-body aircraft engine is an engine that has a diameter greater than the width of the fuselage on which it is mounted.
Some of the major players in the wide-body aircraft engine market are GE Aviation, Pratt & Whitney, Rolls-Royce, GE Aviation.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wide-body Aircraft 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 Wide-body Aircraft Engine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wide-body Aircraft 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 Wide-body Aircraft 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 Wide-body Aircraft Engine Market Size & Forecast, 2020-2028
4.5.1 Wide-body Aircraft Engine Market Size and Y-o-Y Growth
4.5.2 Wide-body Aircraft 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 Turbojet Engine
5.2.2 Turbo Fan 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 Small And Medium Wide Body Aircraft
6.2.2 Large Wide-Body Aircraft
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wide-body Aircraft 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 Wide-body Aircraft 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 Turbojet Engine
9.6.2 Turbo Fan 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 Small And Medium Wide Body Aircraft
9.10.2 Large Wide-Body 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 Turbojet Engine
10.6.2 Turbo Fan 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 Small And Medium Wide Body Aircraft
10.10.2 Large Wide-Body 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 Turbojet Engine
11.6.2 Turbo Fan 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 Small And Medium Wide Body Aircraft
11.10.2 Large Wide-Body 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 Turbojet Engine
12.6.2 Turbo Fan 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 Small And Medium Wide Body Aircraft
12.10.2 Large Wide-Body 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 Turbojet Engine
13.6.2 Turbo Fan 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 Small And Medium Wide Body Aircraft
13.10.2 Large Wide-Body 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 Wide-body Aircraft Engine Market: Competitive Dashboard
14.2 Global Wide-body Aircraft Engine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GE Aviation
14.3.2 Pratt & Whitney
14.3.3 Rolls-Royce
14.3.4 GE Aviation
