Report : Europe Aeroengine Fan Blades Market Forecast to 2027 - Covid-19 Impact and Regional Analysis by Engine Type (Turbofan Aeroengine, Turboprop Aeroengine, and Turbojet Aeroengine); Material Type (Titanium Alloys, Aluminum Alloys, Steel, and Composites)
Turbofan Aeroengine Segment to DominateEurope Aeroengine Fan Blades Market during 2019–2027
According to our new market research study on “EuropeAeroengine Fan Blades Market to 2027 – Forecast to 2027- COVID-19 Impact and Global Analysis by Engine Type and Material Type,”the market is expected to reach US$ 3,379.2 Mn by 2027 from US$ 2,079.6 Mn in 2019; it is estimated to grow at a CAGR of 6.4% from 2020 to 2027.The report provides trends prevailing in the Europe aeroengine fan blades marketalong with the drivers and restraints pertaining to the market growth. The growth of the Europe aeroengine fan blades marketis attributed to the developments in transport infrastructure and increasing number of air passengers across the region. However,complexities involved in fan blade design and development restrains the growth of the aeroengine fan blades market in Europe.
The Europe aeroengine fan blades market, by engine type, is segmented into turbofan aeroengine, turboprop aeroengine, and turbojet aeroengine. The turbofan aeroengine segment held the largest share of the market in Europein 2019.The OEMs across the region are robustly focusing on the development and integration of advanced aeroengine fan blades depending on the type of aircraft engine.A prominent manufacturer of aeroengine fan blades such as General Electric, Rolls-Royce plc, Safran S.A, and Pratt & Whitney are expected to boom the growth of the aeroengine fan blades market during the forecast period.
Chaheng Precision Co. Ltd., GE Aviation, GKN Aerospace Services Limited, IHI Corporation, MTU Aero Engines AG, Pratt & Whitney, Rolls-Royce Holdings plc, and Safran S.A.,are among the leading companies in the Europe aeroengine fan blades market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Rolls-Royce Holdings PLC started manufacturing of world’s largest fan blades for aeroengines. The company started producing the composite blades for its UltraFan demonstrator engine, which would set new standards of efficiency. The fan blades with a diameter of 140-inch are being made at the Roll-Royce’s technology hub in Bristol. The product would provide a 25% fuel reduction compared to the first generation of Trent engine, and it is likely to be commercialized by 2021.
The report segments the Europe Aeroengine Fan Blades Market as follows:
Aeroengine Fan Blades Market – ByEngine Type
Aeroengine Fan Blades Market – By Material Type
Aeroengine Fan Blades Market – By Country
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