Global Narrow-body Aircraft Engine Market 2017-2021

narrow-body aircraft engine market overview

According to Technavio's global narrow-body aircraft engine market research report, the plan to lower the delivery backlog will be one of the major factors that will have a positive impact on the growth of the market. Technavio’s narrow-body aircraft engine market forecasts that the market will grow at a CAGR of more than 6% by 2021. The rise in disposable incomes and the increased purchasing power of customers has resulted in an increase in air travel. To meet this exponential demand, aviation companies are bringing in more regional aircrafts and this in turn will increase the need for narrow-body aircraft engines. Moreover, these manufactures also procure new engines for replacing the old engines. With the rising demand, narrow-body aircraft engine manufacturers are developing faster delivery processes and are adopting lean manufacturing techniques to lower the total lead time required to manufacture aircraft engines.

The introduction of lightweight materials is one of the latest narrow-body aircraft engine market trends that will gain traction in the coming years. Aviation companies are introducing innovative changes to the design and technology in aircrafts for better fuel efficiency. Materials such as CMC, are widely used in the manufacture of LEAP engine due to their tough, lightweight, and temperature withstanding capabilities. Moreover, the usage of nanomaterials such as nanostructured metals, polymer nanocomposites, and anti-corrosion coatings also helps maintain the operational advantage of the aircraft engine and attain higher endurance levels.

What's your takeaway?

Technavio's industry research report on the Narrow-Body Aircraft Engine Market will help you

• Identify latent opportunities and explorative solutions in the narrow-body aircraft engine market
• Identify your key competition, and what's making them tick?
• Build a comprehensive marketing plan that’s applicable across 50+ countries

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Competitive landscape and key vendors

The vendors in the narrow-body aircraft engine market compete based on engine costs, reliability, and quality. The market is largely competitive and it is important for the vendors to provide cost-efficient and better quality engines with advanced technologies. Also, aircraft engine manufacturers are constantly investing in partnership efforts among themselves and their suppliers to improve the existing engine technologies.

The leading vendors in the market are –

• CFM International
• GE Aviation
• International Aero Engines
• Pratt & Whitney
• Rolls-Royce

MTU AERO ENGINES is the other prominent vendor in this market.

Narrow-body aircraft engine market segmentation by engine type and its analysis

• Turbo fan engine
• Turboprop engine

During 2016, the turbo fan engine segment accounted for the major shares of the narrow-body aircraft engine market. The rising demand for fuel efficient aircrafts and the growth in passenger traffic around the world, will contribute to the growth of this industry segment in the coming years.

Narrow-body aircraft engine market segmentation by geography and its analysis

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the narrow-body aircraft engine market throughout the forecast period. The rapid increase in outbound and inbound tourism and steady investment flow from China will drive the growth of the market in the region. Moreover, the growing investments towards procuring new-generation aircrafts and related components in domestic and international airlines in countries such as India, Singapore, Malaysia, Indonesia, and Australia, will also drive the demand for narrow-body aircraft engines in this region. 

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global narrow-body aircraft engine market?
• What are the key market trends impacting the growth of the global narrow-body aircraft engine market?
• What are the challenges to market growth?
• Who are the key vendors in the global narrow-body aircraft engine market?
• What are the market opportunities and threats faced by the vendors in the global narrow-body aircraft engine 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 narrow-body aircraft engine market?

Technavio also offers customization on reports based on specific client requirement.

The upcoming research report on the global narrow-body aircraft engine market is an integral part of aerospace and defense industry. Technavio provides a large collection of research reports on, aerospace components sector by gathering business intelligence data across various parameters. The upcoming research report on the global narrow-body aircraft engine market helps the client monitor the changing market landscape in this industry by inspecting factors such as global demand, seasonal demand patterns, potential growth, and geographic markets.

Research analysts at Technavio gather immense data and information using primary and secondary research, and process those using complex statistical models to present an accurate analysis of the market landscape. By using accurate and comprehensive forecast tools, research experts at Technavio accurately predict the growth prospects of the market, which will help the client in making the product mix decisions to ameliorate ROIs.

The market research report also covers vendors such as GE, Rolls-Royce, and Pratt & Whitney to provide a detailed competitive landscaping of the market. Our analyst has picked up a recent trend of manufacturers investing in novel designs to fill the gap between narrow-body jets and intercontinental planes. The mentioned investment might prove to be a growth driver in the aircraft engine market if commercial airliners accept it.

The upcoming research report on the global narrow-body aircraft engine market also covers the market potential, emerging trends, key drivers, and opportunities and challenges faced by the industry. The industry report also provides detailed market landscape by segmenting the market by geography and product type. The report also covers related markets such as general aviation and commercial aviation.

Our market research methodology for the global narrow-body aircraft engine market

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.