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)
Market Introduction
The Europe aircraft engine manufacturing industry is experiencing a substantial growth due to increasing demand of passenger, freight, and military aircraft. Air travel, especially through airplanes, is the most preferred mode of transportation across Europe for domestic and international travel, and this inclination toward air travel has resulted in significant growth in the air passenger traffic across the region. Moreover, the presence of prominent aircraft manufacturers in the region also helps meet the growing air travel needs of customers. Moreover, initiatives of the European Union toward the autonomy of the defense manufacturing are anticipated to boost the growth of the aeroengine fan blades market in the region.
Get more information on this report : 
Market Overview and Dynamics
The aeroengine fan blades market in Europe was valued at US$ 2,079.6 Mn in 2019 and is projected to reach US$ 3,379.2 Mn by 2027; it is expected to grow at a CAGR of 6.4% from 2020 to 2027.Factors driving the market growth include the positive growth outlook of the European aviation industry and increasing number of air passengers across the region. However, high complexity of fan blade design and development may hamper the growth of the market. Moreover, the rising demand for low-cost and ultralow-cost carriers, and growing investments in composite material fan blades are the factors providing growth opportunities for the aeroengine fan blades manufacturers.
Key Market Segments
In terms of engine type, the turbofan aeroengine segment accounted for the largest share of the Europe aeroengine fan blades market in 2019. The titanium alloys segment held the largest share of the Europe aeroengine fan blades market, based on material type, in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the aeroengine fan blades market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are GE Aviation, GKN Aerospace Services Limited, Pratt & Whitney, Rolls-Royce Holdings plc, Safran S.A, and among others.
Reasons to buy report
- To understand the Europe aeroengine fan blades market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe aeroengine fan blades market
- Efficiently plan M&A and partnership deals in aeroengine fan blades market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europeaeroengine fan blades market
- Obtain market revenue forecast for market by various segments from 2020-2027 Europe region.
Europe Aeroengine Fan Blades Market Segmentation
By Engine Type
- Turbofan Aeroengine
- Turboprop Aeroengine
- Turbojet Aeroengine
By Material Type
- Titanium Alloys
- Aluminum Alloys
- Steel
- Composites
By Country
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Company Profiles
- Chaheng Precision Co. Ltd.
- GE Aviation
- GKN Aerospace Services Limited
- IHI Corporation
- MTU Aero Engines AG
- Pratt & Whitney
- Rolls-Royce Holdings plc
- Safran S.A.
The List of Companies - Europe Aeroengine Fan Blades Market
- Chaheng Precision Co. Ltd.
- GE Aviation
- GKN Aerospace Services Limited
- IHI Corporation
- MTU Aero Engines AG
- Pratt & Whitney
- Rolls-Royce Holdings plc
- Safran S.A
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe aeroengine fan blades market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Europeaeroengine fan blades market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth Europemarket trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution