Aircraft Engine Market to Reach .12 Billion by 2026; Increasing Rate of Air T

Posted by Rushikesh Pise on January 16th, 2020

The global aircraft engine market size is projected to reach USD 97.12 billion by 2026, exhibiting a CAGR of 4.16% during the forecast period. Growing demand for air travel worldwide is foreseen to be one of the primary forces fueling this market. Air travel today has become affordable to the average middle person and in the near future, this type of travel is expected to get even more easy on the pocket. One of the main reasons for this is the swelling numbers of the middle class across the globe.

Many organizations estimate that in the next decade, approximately 200 million people will enter the middle class bracket. As a result, their incomes and their contribution to the global GDP will rise exponentially. Consequently, business activities will expand and a greater number of people will require to travel by air, thereby driving this market in the coming decade.

Browse Report Summary:

List of the major shareholders in the global Aircraft Engine Market. These companies are mentioned below:

  •         MTU Aero Engines AG
  •         United Technologies Corporation
  •         Honeywell International Inc.
  •         Rolls-Royce Holdings Plc.
  •         Textron, Inc.
  •         CFM International SA
  •         International Aero Engines AG
  •         Safran SA
  •         General Electric Co.

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Rushikesh Pise

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Rushikesh Pise
Joined: November 4th, 2019
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