Irving, Texas (PRWEB) July 10, 2012
Despite less-than-ideal economic conditions during the last five years, the global aero engine market grew moderately. The market is expected to experience CAGR of 5% during the 2012-2017 timeframe.Various emerging trends such as demand for aero engines that are lightweight, fuel efficient and less harmful to the environment are anticipated to drive market growth over the forecast period.
Lucintel, a leading global management consulting and market research firm, has analyzed the global aero engine market and presents its findings in “Global Commercial Aero Turbofan Engine Market, Supply Chain and Opportunities: 2012-2017”
Lucintel’s research indicates the global aero engine market is poised for good growth.Low-cost carriers, demand for replacement engines,new technologies that reduces engine weight and emissions, and use ofadvanced materialsare expectedto provide ever increasing benefits to the aero engine market.
The rising costs of some materials such as titanium are hampering profitability in the industry. Additionally, rising fuel prices creates demand for more efficient aircraft.Consequently,next-generation narrow body aircraft with new engines are expected to boost the market. Increasing air traffic, environmental regulations, need for economization to enhance airline profitability/competitiveness, and the replacement of aging engines/fleet are likely to drive the industry over the forecast period.
The demand for aero engines is directly proportional to the need for new aircraft, which is expected to grow in the future, especially among countries in the Asia Pacific region.Recent growth in the turbofan segment was the largest on a consumption basis, followed by narrow body aircraft engine.The narrow body aircraft engine market is forecast to grow due to the upgrading of new engines for the Airbus A320neo and Boeing’s 737 MAX families ofaircraft.
The report, which provides trend scenarios and forecast statistics for 2012–2017,also details industry drivers and challenges; provides market share analysis of major players; presents a global aero engine industry background and overview; describes growth opportunities and emerging trends in the market, addresses new engine programs, such as the CFM Leap-X and Pratt and Whitney’s Geared Turbo Fan,and more.
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 [email protected] Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency.