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The aircraft auxiliary power unit gearbox market share is expected to increase to USD 171.65 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.18%.
This aircraft auxiliary power unit (APU) gearbox market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers aircraft APU gearbox market segmentation by application (commercial, military, and and general aviation) and geography (North America, Europe, APAC, Middle East and Africa, and South America). The aircraft auxiliary power unit gearbox market report also offers information on several market vendors, including AB SKF, Atec Inc., General Electric Co., Honeywell International Inc., Krasny Octiabr, Liebherr International AG, Northstar Aerospace, PBS Aerospace Inc., PBS India Pvt. Ltd., Precipart, Raytheon Technologies Corp., Regal Rexnord Corp., Safran SA, The Timken Co., TransDigm Group Inc., and Triumph Group Inc. among others.
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The growing demand for commercial aircraft is notably driving the aircraft auxiliary power unit gearbox market growth, although factors such as impact of covid-19 on aviation industry may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the aircraft auxiliary power unit gearbox industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Aircraft Auxiliary Power Unit Gearbox Market Driver
Key Aircraft Auxiliary Power Unit Gearbox Market Trend
These advancements will propel the aircraft auxiliary power unit (APU) gearbox market growth during the forecast period.
Key Aircraft Auxiliary Power Unit Gearbox Market Challenge
Thus, the slowdown in the aviation industry and decline in aircraft manufacturing will negatively impact the application of aircraft auxiliary power unit gearboxes, which, in turn, will affect the market in focus, during the forecast period.
This aircraft auxiliary power unit gearbox market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global APU gearbox market as a part of the global aerospace and defense market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the aircraft auxiliary power unit gearbox market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the APU gearbox market encompasses successful business strategies deployed by the key vendors. The aircraft auxiliary power unit gearbox market is fragmented and the vendors are deploying growth strategies such as product quality, cost, and reliability to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The aircraft auxiliary power unit gearbox market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the aircraft auxiliary power unit gearbox market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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36% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for aircraft auxiliary power unit gearbox in North America. Market growth in this region will be faster than the growth of the market in South America and MEA.
The demand resulting from increased air travel and fleet replacement necessities of operators will facilitate the aircraft auxiliary power unit gearbox market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 had a negative impact on the regional market. However, since 2021, the region is witnessing a decline in the number of COVID-19 cases due to the widespread availability and administration of COVID-19 vaccines. Therefore, with the relaxation in travel restrictions and the resumption of airline services in the region, air travelling and demand for aircraft are expected to positively impact the aircraft auxiliary power unit gearbox market growth during the forecast period.
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The aircraft auxiliary power unit gearbox market share growth by the commercial segment will be significant during the forecast period. The growth of the commercial aviation industry can be attributed to factors such as technological advancement and the increasing preference of consumers for air travel. Air travel has become more economical, which has led to increased passenger traffic. This has resulted in increased procurement of new aircraft by operators to cater to the demand of the tourism industry. Thus, the growing launch of commercial aviation will add the application of the aircraft auxiliary power unit gearbox and, in turn, will drive the aircraft auxiliary power unit gearbox market in focus during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the aircraft auxiliary power unit gearbox market size and actionable market insights on post COVID-19 impact on each segment.
Aircraft Auxiliary Power Unit Gearbox Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.18% |
Market growth 2022-2026 |
$ 171.65 million |
Market structure |
Fragmented |
YoY growth (%) |
4.58 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 36% |
Key consumer countries |
US, Canada, China, Germany, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
AB SKF, Atec Inc., General Electric Co., Honeywell International Inc., Krasny Octiabr, Liebherr International AG, Northstar Aerospace, PBS Aerospace Inc., PBS India Pvt. Ltd., Precipart, Raytheon Technologies Corp., Regal Rexnord Corp., Safran SA, The Timken Co., TransDigm Group Inc., and Triumph Group Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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