Irving, Texas (PRWEB) December 21, 2012
Despite the adverse economic conditions that have prevailed recently, global commercial aero turbofan engine industry sales rose during the last five years (2006-2011). The turbofan engine market is expected to grow to $29.6 billion by 2017 at a CAGR of 6% over the next five years.
Lucintel, a leading global management consulting and market research firm, has analyzed the global commercial aero turbofan engine market and offers its findings in its comprehensive research report, “Global Commercial Aero Turbofan Engine Market 2012-2017: Trend Forecast and Opportunity Analysis.” This report includes the turbofan engine markets for commercial aircraft and highlights narrow-body and wide-body aircraft growth paths for the near future.
This report is geographically segmented in four regions: North America, Europe, Asia Pacific (APAC), and Rest of World. APAC is expected to lead the global aerospace industry because of emerging economies such as India and China.
Lucintel has identified that increase in prices, tough government regulations, and stringent certification processes are the major growth challenges. Drivers such as increasing traffic forecast, demand for light aircraft and low-cost carriers, and fuel-efficient engines provide competition within the market.
Lucintel’s analysis indicates that OEMs and component suppliers for aircraft engines are anticipated to recognize two existing short-term and long-term business scenarios. Due to the effects of economic downturn, the industry is likely to experience small growth in the short run, while moderate opportunities exist in the long run driven by significant trends in demand quantity, consumption, and growth based on various aircraft types.
This Lucintel aerospace market report provides an important understanding of recent market scope, background and overview, market trends and analysis, cost comparison, product portfolio analysis, relative market attractiveness by region, emerging trends, market price trends, and forecasts and analysis of the major market players.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com.Lucintel offerings include SWOT Analysis, Target Screening and Merger & Acquisition Consulting.
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