Global Commercial Aircraft Turbine Blades and Vanes Market 2016-2020

Outlook of the commercial aircraft turbine blades and vanes market

Technavio’s market research analyst predicts the global commercial aircraft turbine blades and vanes market to grow at a CAGR of approximately 6% during the forecast period. The prospects for growth in this market will be driven by the increasing demand from emerging markets. Factors like high fuel prices, strict regulations about noise and carbon dioxide emissions, and an increase in competition from LCCs will compel manufacturers to develop a modern aero-engine design that is lightweight and saves fuel. This increase in the development of new aircraft will augment the demand for commercial aircraft gas turbine engines, which includes turbine blades and vanes. 

Rising fuel expenses is a major concern for airline operators. According to the International Air Transport Association (IATA), fuel price accounted for 30% of the overall airline operating cost. Consequently, engine manufacturers are developing new and advanced technologies. CFM’s LEAP and GE9X engines are the next-generation fuel-efficient engines that help to reduce the weight and the overall efficiency of the aircraft. Such innovations are likely to drive the market over the next four years.

Geographical segmentation of the commercial aircraft turbine blades and vanes market

• Americas
• APAC
• EMEA

In this segmentation analysis, analysts have estimated the APAC region to be the largest market for commercial aircraft turbine blades and vanes during the forecast period. The market in APAC is anticipated to grow rapidly until 2020 owing to an increase in the demand for air travel. In 2015, the region accounted for more than 29% of the global aircraft fleet and is expected to perceive an increase in the number of aircraft fleet by 5.2% annually in the next 20 years. Much of this high demand can be attributed to the growing aviation MRO activities and aircraft parts production capabilities. This region will account for an impressive market share of more than 43% by 2020.

Competitive landscape and key vendors

The global market for commercial aircraft turbine blades and vanes is highly competitive as most vendors compete on the basis of cost, component reliability and quality, and market shares. To sustain themselves in this competitive market, the vendors have to provide cost-effective and high-quality commercial aircraft turbine blades and vanes to the end users.

The leading vendors in the market are -

• GE Aviation
• GKN Aerospace
• Rolls Royce
• Turbocam
• UTC Aerospace

Other prominent vendors in the market include Chromalloy, Hi-Tek Manufacturing, Moeller Aerospace, Snecma, and Turbocam International.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global commercial aircraft turbine blades and vanes market?
• What are the key market trends impacting the growth of the global commercial aircraft turbine blades and vanes market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the vendors in the global commercial aircraft turbine blades and vanes market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global commercial aircraft turbine blades and vanes market?

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Related reports

• Global Military Aerospace Engine and Engine Parts Market 2015-2019
• Global Commercial Aircraft Gas Turbine Engine Market 2015-2019