DALLAS, Nov. 29, 2018 (GLOBE NEWSWIRE) -- According to a new market report published by Lucintel, the future of the global aircraft engine blade market looks promising with opportunities in commercial, general aviation, regional, and military aircraft. The global aircraft engine blade market is expected to reach an estimated $31.0 billion by 2023 with a CAGR of 3.1% from 2018 to 2023. The major growth drivers for this market are increasing aircraft deliveries and periodic replacement of engine blades.
Browse 83 market data tables and 73 figures spread through 153 pages and in-depth TOC on “Global Aircraft Engine Blade Market" at https://www.lucintel.com/aircraft-engine-blade-market.aspx
In this market, compressor, turbine, and fan blades are used for aircraft engine blade manufacturing for blade type. Lucintel forecasts that the blades for compressor application are expected to remain the largest segment over the forecast period due to the requirement for a higher number of blades in aircraft engine compressors. Blades for turbine applications are expected to witness the highest growth over the forecast period.
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North America will remain the largest region and witness the highest growth over the forecast period. The presence of major aircraft engine manufacturers in this region is driving the demand for engine blades.
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An emerging trend which has direct impact on the dynamics of this industry includes growing use of lightweight materials. CFM International, GE Aviation, UTC Aerospace, Rolls-Royce Holdings PLC, MTU Aero Engine, and Albany International Corporation and others are among the major aircraft engine blade manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global aircraft engine blade market by blade type, aircraft type, by end use, by manufacturing technology, blade size, material, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Aircraft Engine Blade Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global aircraft engine blade market by blade type, aircraft type, by end use, by manufacturing technology, blade size, material and region.
For a detailed table of contents, contact Lucintel at +1-972-636-5056 or mail at helpdesk@lucintel.com