This report describes and explains the aircraft gearbox market and covers 2017-2022, termed the historic period, and 2022-2027 termed the forecast period, along with further forecasts for the period 2027-2032. The report evaluates the market across each region and for the major economies within each region.
The global aircraft gearbox market reached a value of nearly $3,009.0 million in 2022, having grown at a compound annual growth rate (CAGR) of 4.3% since 2017. The market is expected to grow from $3,009.0 million in 2022 to $4,484.5 million in 2027 at a rate of 8.3%. The market is then expected to grow at a CAGR of 8.6% from 2027 and reach $6,772.3 million in 2032.
Growth in the historic period resulted from the strong economic growth in emerging markets, the rise in air traffic, the increased commercial aircraft deliveries, and the investments in geared turbofan engines. Factors that hindered the growth of the aircraft gearbox market in the historic period include the COVID-19 impact and the spalling, frosting, and manufacturing defects.
Going forward, the increase in demand for military helicopters, the increasing aircraft fleet size, and the increasing research and development efforts will drive the growth. Factors that could hinder the growth of the aircraft gearbox market in the future include the delays in aircraft production and the Russia-Ukraine war impact.
The aircraft gearbox market is segmented by component into gear, housing, bearings, and other components. The gear market was the largest segment of the aircraft gearbox market segmented by component, accounting for 36.0% of the total in 2022. Going forward, the bearings segment is expected to be the fastest growing segment in the aircraft gearbox market segmented by component, at a CAGR of 8.6% during 2022-2027.
The aircraft gearbox market is segmented by aircraft type into civil aviation and military aviation. The civil aviation market was the largest segment of the aircraft gearbox market segmented by aircraft type, accounting for 74.1% of the total in 2022. Going forward, the civil aviation segment is expected to be the fastest growing segment in the aircraft gearbox market segmented by aircraft type, at a CAGR of 8.5% during 2022-2027.
The aircraft gearbox market is segmented by fit into retrofit and linefit. The retrofit market was the largest segment of the aircraft gearbox market segmented by fit, accounting for 60% of the total in 2022. Going forward, the retrofit segment is expected to be the fastest growing segment in the aircraft gearbox market segmented by fit, at a CAGR of 8.7% during 2022-2027.
The aircraft gearbox market is segmented by gearbox type into accessory, actuation, reduction, tail rotor, auxiliary power unit, and other gearbox types. The accessory market was the largest segment of the aircraft gearbox market segmented by gearbox type, accounting for 29.0% of the total in 2022. Going forward, the tail rotor segment is expected to be the fastest growing segment in the aircraft gearbox market segmented by gearbox type, at a CAGR of 9.0% during 2022-2027.
The aircraft gearbox market is segmented by application into engine and airframe. The engine market was the largest segment of the aircraft gearbox market segmented by application, accounting for 70.0% of the total in 2022. Going forward, the airframe segment is expected to be the fastest growing segment in the aircraft gearbox market segmented by application, at a CAGR of 8.6% during 2022-2027.
North America was the largest region in the aircraft gearbox market, accounting for 48.2% of the total in 2022. It was followed by Asia-Pacific, and then the other regions. Going forward, the fastest-growing regions in the aircraft gearbox market will be Asia-Pacific and North America where growth will be at CAGRs of 9.4% and 8.4% respectively. These will be followed by Middle East and Western Europe where the markets are expected to grow at CAGRs of 8.2% and 8.0% respectively.
The global aircraft gearbox market is moderately fragmented, with a large number of players in the market. The top ten competitors in the market made up to 34.02% of the total market in 2021. Safran was the largest competitor with 5.76% of the market, followed by Triumph Group with 5.66%, Liebherr with 4.73%, The Boeing group with 4.49%, General Electric with 3.09%, Rexnord Corporation with 3.00%, Rolls-Royce plc with 2.22%, Aero Gear with 1.88%, SKF with 1.73% and Northstar Aerospace with 1.46%.
The top opportunities in the aircraft gearbox market segmented by component will arise in the gear segment, which will gain $535.5 million of global annual sales by 2027. The top opportunities in the aircraft gearbox market segmented by aircraft type will arise in the civil aviation segment, which will gain $1,115.4 million of global annual sales by 2027. The top opportunities in the aircraft gearbox market segmented by fit will arise in the retrofit segment, which will gain $930.9 million of global annual sales by 2027. The top opportunities in the aircraft gearbox market segmented by gearbox type will arise in the accessory segment, which will gain $431.5 million of global annual sales by 2027. The top opportunities in the aircraft gearbox market segmented by application will arise in the engine segment, which will gain $1,013.9 million of global annual sales by 2027.The aircraft gearbox market size will gain the most in the USA at $580.9 million.
Market-trend-based strategies for the aircraft gearbox market include focusing on launching new power gearboxes, focusing on technology advancement and developing technologically advanced products, focusing on partnerships and collaborations to expand their product portfolio and geographic presence, and focusing on investments in the market to develop new product solutions.
Player-adopted strategies in the aircraft gearbox market include focusing on enhancing operational capabilities through strategic collaborations and partnerships and also strengthening business operations through securing new contracts.
To take advantage of the opportunities, the publisher recommends the aircraft gearbox companies to focus on technology advancement, focus on launch of new power gearboxes, expand in emerging markets, continue to focus on developed markets, focus on strategic partnerships and collaborations, provide competitively priced offerings, participate in trade shows and events, continue to use B2B promotions, continue to target fast-growing applications and focus on the urban population.
The global aircraft gearbox market reached a value of nearly $3,009.0 million in 2022, having grown at a compound annual growth rate (CAGR) of 4.3% since 2017. The market is expected to grow from $3,009.0 million in 2022 to $4,484.5 million in 2027 at a rate of 8.3%. The market is then expected to grow at a CAGR of 8.6% from 2027 and reach $6,772.3 million in 2032.
Growth in the historic period resulted from the strong economic growth in emerging markets, the rise in air traffic, the increased commercial aircraft deliveries, and the investments in geared turbofan engines. Factors that hindered the growth of the aircraft gearbox market in the historic period include the COVID-19 impact and the spalling, frosting, and manufacturing defects.
Going forward, the increase in demand for military helicopters, the increasing aircraft fleet size, and the increasing research and development efforts will drive the growth. Factors that could hinder the growth of the aircraft gearbox market in the future include the delays in aircraft production and the Russia-Ukraine war impact.
The aircraft gearbox market is segmented by component into gear, housing, bearings, and other components. The gear market was the largest segment of the aircraft gearbox market segmented by component, accounting for 36.0% of the total in 2022. Going forward, the bearings segment is expected to be the fastest growing segment in the aircraft gearbox market segmented by component, at a CAGR of 8.6% during 2022-2027.
The aircraft gearbox market is segmented by aircraft type into civil aviation and military aviation. The civil aviation market was the largest segment of the aircraft gearbox market segmented by aircraft type, accounting for 74.1% of the total in 2022. Going forward, the civil aviation segment is expected to be the fastest growing segment in the aircraft gearbox market segmented by aircraft type, at a CAGR of 8.5% during 2022-2027.
The aircraft gearbox market is segmented by fit into retrofit and linefit. The retrofit market was the largest segment of the aircraft gearbox market segmented by fit, accounting for 60% of the total in 2022. Going forward, the retrofit segment is expected to be the fastest growing segment in the aircraft gearbox market segmented by fit, at a CAGR of 8.7% during 2022-2027.
The aircraft gearbox market is segmented by gearbox type into accessory, actuation, reduction, tail rotor, auxiliary power unit, and other gearbox types. The accessory market was the largest segment of the aircraft gearbox market segmented by gearbox type, accounting for 29.0% of the total in 2022. Going forward, the tail rotor segment is expected to be the fastest growing segment in the aircraft gearbox market segmented by gearbox type, at a CAGR of 9.0% during 2022-2027.
The aircraft gearbox market is segmented by application into engine and airframe. The engine market was the largest segment of the aircraft gearbox market segmented by application, accounting for 70.0% of the total in 2022. Going forward, the airframe segment is expected to be the fastest growing segment in the aircraft gearbox market segmented by application, at a CAGR of 8.6% during 2022-2027.
North America was the largest region in the aircraft gearbox market, accounting for 48.2% of the total in 2022. It was followed by Asia-Pacific, and then the other regions. Going forward, the fastest-growing regions in the aircraft gearbox market will be Asia-Pacific and North America where growth will be at CAGRs of 9.4% and 8.4% respectively. These will be followed by Middle East and Western Europe where the markets are expected to grow at CAGRs of 8.2% and 8.0% respectively.
The global aircraft gearbox market is moderately fragmented, with a large number of players in the market. The top ten competitors in the market made up to 34.02% of the total market in 2021. Safran was the largest competitor with 5.76% of the market, followed by Triumph Group with 5.66%, Liebherr with 4.73%, The Boeing group with 4.49%, General Electric with 3.09%, Rexnord Corporation with 3.00%, Rolls-Royce plc with 2.22%, Aero Gear with 1.88%, SKF with 1.73% and Northstar Aerospace with 1.46%.
The top opportunities in the aircraft gearbox market segmented by component will arise in the gear segment, which will gain $535.5 million of global annual sales by 2027. The top opportunities in the aircraft gearbox market segmented by aircraft type will arise in the civil aviation segment, which will gain $1,115.4 million of global annual sales by 2027. The top opportunities in the aircraft gearbox market segmented by fit will arise in the retrofit segment, which will gain $930.9 million of global annual sales by 2027. The top opportunities in the aircraft gearbox market segmented by gearbox type will arise in the accessory segment, which will gain $431.5 million of global annual sales by 2027. The top opportunities in the aircraft gearbox market segmented by application will arise in the engine segment, which will gain $1,013.9 million of global annual sales by 2027.The aircraft gearbox market size will gain the most in the USA at $580.9 million.
Market-trend-based strategies for the aircraft gearbox market include focusing on launching new power gearboxes, focusing on technology advancement and developing technologically advanced products, focusing on partnerships and collaborations to expand their product portfolio and geographic presence, and focusing on investments in the market to develop new product solutions.
Player-adopted strategies in the aircraft gearbox market include focusing on enhancing operational capabilities through strategic collaborations and partnerships and also strengthening business operations through securing new contracts.
To take advantage of the opportunities, the publisher recommends the aircraft gearbox companies to focus on technology advancement, focus on launch of new power gearboxes, expand in emerging markets, continue to focus on developed markets, focus on strategic partnerships and collaborations, provide competitively priced offerings, participate in trade shows and events, continue to use B2B promotions, continue to target fast-growing applications and focus on the urban population.
Table of Contents
1. Executive Summary2. Table Of Contents3. List Of Figures4. List Of Tables5. Report Structure
6. Introduction And Market Characteristics
7. Major Market Trends
8. Global Market Size and Growth
9. Global Aircraft Gearbox Market Segmentation
10. Aircraft Gearbox Market, Regional and Country Analysis
11. Asia-Pacific Market
12. Western Europe Market
13. Eastern Europe Market
14. North America Market
15. South America Market
16. Middle East Market
17. Africa Market
18. Competitive Landscape And Company Profiles
19. Key Mergers And Acquisitions
20. Opportunities And Strategies
21. Aircraft Gearbox Market, Conclusions And Recommendations
22. Appendix
Executive Summary
Aircraft Gearbox Global Market Opportunities and Strategies to 2032 provides the strategists; marketers and senior management with the critical information they need to assess the global aircraft gearbox market as it emerges from the COVID-19 shut down.Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
Description:
Where is the largest and fastest-growing market for aircraft gearbox? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The aircraft gearbox market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider aircraft gearbox market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics
- Key Trends
- Global Market Size and Growth
- Regional Analysis
- Market Segmentation
- Regional Market Size and Growth
- Competitive Landscape
- Key Mergers and Acquisitions
- Market Opportunities and Strategies
- Conclusions and Recommendations
- Appendix
Scope
Markets Covered:
1) By Component: Gear; Housing; Bearings; Other Components2) By Aircraft Type: Civil Aviation; Military Aviation
3) By Fit: Retrofit; Linefit
4) By Gearbox Type: Accessory; Actuation; Reduction; Tail Rotor; Auxiliary Power Unit; Other Gearbox Types
5) By Application: Engine; Airframe
Companies Mentioned: Safran; Triumph Group; Liebherr; The Boeing group; General Electric
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Brazil; France; Germany; UK; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time-series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; aircraft gearbox indicators comparison.
Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
- Safran
- Triumph Group
- Liebherr
- The Boeing group
- General Electric
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 303 |
| Published | June 2023 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 3009 Million |
| Forecasted Market Value ( USD | $ 6772.3 Million |
| Compound Annual Growth Rate | 8.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 5 |
