Aircraft Engine Market Size worth USD 97.12 Billion by 2026; Presence of Big Gia

Posted by Rushikesh Pise on March 27th, 2020

According to the aircraft engine market analysis, the value of this market stood at USD 70.10 billion in 2018. This information is shared by Fortune Business Insights™ in its report, titled “Global Aircraft Engine Market Size, Share & Industry Analysis, By Engine Type (Turboprop, Turboshaft, Turbofan, Piston Engine), By Technology (Conventional Engine and Electric/Hybrid Engine), By End-user (Commercial, Military, and General Aviation), By Component (Compressor, Turbine, Gear Box, Exhaust Nozzle, Fuel System, and Others), and Regional Forecast 2018-2026”.

Besides this, the report also provides a comprehensive assessment of the various factors and dynamics that can potentially influence the size, share, and growth of this market in the given period. The exhaustive research on the different facets of the industry trends is aimed at enabling businesses to take informed decisions based on sound facts and needs of the market.

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.


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Rushikesh Pise

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Rushikesh Pise
Joined: November 4th, 2019
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