NEW YORK, Oct. 28, 2022 /PRNewswire/ — The global turboprop engine market is characterized by the presence of many global vendors. The market is highly competitive, with all the players competing to gain the largest market share. It is crucial for vendors to provide advanced and high-quality turboprop engines to survive and succeed in the intensely competitive market environment. In-house manufacturing capabilities, networks with a global footprint, varied product offerings, R&D investments, and a strong client base are the key areas where vendors have the edge over their competitors.
Technavio has announced its latest market research report titled Global Turboprop Engine Market 2022-2026
The turboprop engine market size is expected to grow by USD 1.54 billion from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 5.24% during the forecast period, according to Technavio. The increase in aircraft deliveries is driving the turboprop engine market growth. However, factors such as the impact of COVID-19 on the aviation industry may challenge market growth.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. Request Latest FREE PDF Sample Report
Turboprop Engine Market 2022-2026: Scope
The turboprop engine market report covers the following areas:
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Turboprop Engine Market 2022-2026: Segmentation
Application
Commercial
Military
General Aviation
The turboprop engine market share growth by the commercial segment will be significant during the forecast period. In 2021, commercial aircraft was the largest application segment in the global turboprop engine market. This segment includes the turboprop engines used in passenger aircraft, cargo aircraft, and business aircraft. The global population has witnessed an increase in per capita income on average. The increasing demand for air travel has encouraged airline operators to procure new aircraft.
Geography
North America
Europe
APAC
Middle East And Africa
South America
36% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for turboprop engines in North America. The robust aviation industry and related manufacturing facilities present in North America will facilitate the turboprop engine market growth in North America over the forecast period.
Learn about the contribution of each segment summarized in concise infographics and thorough descriptions in our full report. Buy Now to gain access to region-wise and country-wise descriptions
Turboprop Engine Market 2022-2026: Vendor Analysis
Air Tractor Inc., Airbus SE, ATR, DAHER, Embrear SA, General Electric Co., Honeywell International Inc., Lockheed Martin Corp., Northrop Grumman Corp., PBS Group AS, PIAGGIO AERO INDUSTRIES Spa, Pilatus Aircraft Ltd., Piper Aircraft Inc., Pratt and Whitney, Rolls-Royce Holdings Plc, Safran SA, Textron Inc., Viking Air Ltd., and Williams International Co. LLC are among some of the major market participants.
This report provides a full list of key vendors, their strategies, and the latest developments. Request a FREE PDF Sample Now
Turboprop Engine Market 2022-2026: Key Highlights
CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will assist turboprop engine market growth during the next five years
Estimation of the turboprop engine market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the turboprop engine market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of the turboprop engine market, vendors
Related Reports:
Commercial Aircraft Gas Turbine Engine Market by Technology, Type, and Geography – Forecast and Analysis 2021-2025: This report extensively covers market segmentation by technology (turbofan and turboprop), type (narrow-body aircraft, widebody aircraft, and regional aircraft), and geography (Europe, North America, APAC, MEA, and South America). 33% of the market’s growth will originate from Europe during the forecast period. The commercial aircraft gas turbine engine market share growth by the turbofan segment has been significant.
Aircraft Engine MRO Market by Type and Geography – Forecast and Analysis 2022-2026: This report extensively covers market segmentation by type (Turbofan and turbojet and turboprop), geography (APAC, Europe, North America, Middle East and Africa, and South America). 38% of the market’s growth will originate from APAC during the forecast period. The aircraft engine MRO market share growth by the turbofan and turbojet segment will be significant during the forecast period.
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Turboprop Engine Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.24% |
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Market growth 2022-2026 |
USD 1.54 billion |
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Market structure |
Concentrated |
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YoY growth (%) |
4.58 |
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Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
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Performing market contribution |
North America at 36% |
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Key consumer countries |
US, Canada, China, Germany, and UK |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Air Tractor Inc., Airbus SE, ATR, DAHER, Embrear SA, General Electric Co., Honeywell International Inc., Lockheed Martin Corp., Northrop Grumman Corp., PBS Group AS, PIAGGIO AERO INDUSTRIES Spa, Pilatus Aircraft Ltd., Piper Aircraft Inc., Pratt and Whitney, Rolls-Royce Holdings Plc, Safran SA, Textron Inc., Viking Air Ltd., and Williams International Co. LLC |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents:
1 Executive Summary
1.1 Market Overview
Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
Exhibit 06: Executive Summary – Chart on Incremental Growth
Exhibit 07: Executive Summary – Data Table on Incremental Growth
Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 09: Parent market
Exhibit 10: Market Characteristics
3 Market Sizing
3.1 Market Definition
Exhibit 11: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 12: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
Exhibit 13: Chart on Global – Market size and forecast 2021-2026 ($ million)
Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 ($ million)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
4.1 Five forces summary
Exhibit 17: Five forces analysis – Comparison between 2021 and 2026
4.2 Bargaining power of buyers
Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
4.3 Bargaining power of suppliers
Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
4.4 Threat of new entrants
Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
4.5 Threat of substitutes
Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
4.6 Threat of rivalry
Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
4.7 Market condition
Exhibit 23: Chart on Market condition – Five forces 2021 and 2026
5 Market Segmentation by Application
5.1 Market segments
Exhibit 24: Chart on Application – Market share 2021-2026 (%)
Exhibit 25: Data Table on Application – Market share 2021-2026 (%)
5.2 Comparison by Application
Exhibit 26: Chart on Comparison by Application
Exhibit 27: Data Table on Comparison by Application
5.3 Commercial – Market size and forecast 2021-2026
Exhibit 28: Chart on Commercial – Market size and forecast 2021-2026 ($ million)
Exhibit 29: Data Table on Commercial – Market size and forecast 2021-2026 ($ million)
Exhibit 30: Chart on Commercial – Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Commercial – Year-over-year growth 2021-2026 (%)
5.4 Military – Market size and forecast 2021-2026
Exhibit 32: Chart on Military – Market size and forecast 2021-2026 ($ million)
Exhibit 33: Data Table on Military – Market size and forecast 2021-2026 ($ million)
Exhibit 34: Chart on Military – Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Military – Year-over-year growth 2021-2026 (%)
5.5 General aviation – Market size and forecast 2021-2026
Exhibit 36: Chart on General aviation – Market size and forecast 2021-2026 ($ million)
Exhibit 37: Data Table on General aviation – Market size and forecast 2021-2026 ($ million)
Exhibit 38: Chart on General aviation – Year-over-year growth 2021-2026 (%)
Exhibit 39: Data Table on General aviation – Year-over-year growth 2021-2026 (%)
5.6 Market opportunity by Application
Exhibit 40: Market opportunity by Application ($ million)
6 Customer Landscape
6.1 Customer landscape overview
Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
7.1 Geographic segmentation
Exhibit 42: Chart on Market share by geography 2021-2026 (%)
Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
7.2 Geographic comparison
Exhibit 44: Chart on Geographic comparison
Exhibit 45: Data Table on Geographic comparison
7.3 North America – Market size and forecast 2021-2026
Exhibit 46: Chart on North America – Market size and forecast 2021-2026 ($ million)
Exhibit 47: Data Table on North America – Market size and forecast 2021-2026 ($ million)
Exhibit 48: Chart on North America – Year-over-year growth 2021-2026 (%)
Exhibit 49: Data Table on North America – Year-over-year growth 2021-2026 (%)
7.4 Europe – Market size and forecast 2021-2026
Exhibit 50: Chart on Europe – Market size and forecast 2021-2026 ($ million)
Exhibit 51: Data Table on Europe – Market size and forecast 2021-2026 ($ million)
Exhibit 52: Chart on Europe – Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on Europe – Year-over-year growth 2021-2026 (%)
7.5 APAC – Market size and forecast 2021-2026
Exhibit 54: Chart on APAC – Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on APAC – Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on APAC – Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on APAC – Year-over-year growth 2021-2026 (%)
7.6 Middle East and Africa – Market size and forecast 2021-2026
Exhibit 58: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
Exhibit 59: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
Exhibit 60: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)
7.7 South America – Market size and forecast 2021-2026
Exhibit 62: Chart on South America – Market size and forecast 2021-2026 ($ million)
Exhibit 63: Data Table on South America – Market size and forecast 2021-2026 ($ million)
Exhibit 64: Chart on South America – Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on South America – Year-over-year growth 2021-2026 (%)
7.8 US – Market size and forecast 2021-2026
Exhibit 66: Chart on US – Market size and forecast 2021-2026 ($ million)
Exhibit 67: Data Table on US – Market size and forecast 2021-2026 ($ million)
Exhibit 68: Chart on US – Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on US – Year-over-year growth 2021-2026 (%)
7.9 China – Market size and forecast 2021-2026
Exhibit 70: Chart on China – Market size and forecast 2021-2026 ($ million)
Exhibit 71: Data Table on China – Market size and forecast 2021-2026 ($ million)
Exhibit 72: Chart on China – Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on China – Year-over-year growth 2021-2026 (%)
7.10 Germany – Market size and forecast 2021-2026
Exhibit 74: Chart on Germany – Market size and forecast 2021-2026 ($ million)
Exhibit 75: Data Table on Germany – Market size and forecast 2021-2026 ($ million)
Exhibit 76: Chart on Germany – Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on Germany – Year-over-year growth 2021-2026 (%)
7.11 UK – Market size and forecast 2021-2026
Exhibit 78: Chart on UK – Market size and forecast 2021-2026 ($ million)
Exhibit 79: Data Table on UK – Market size and forecast 2021-2026 ($ million)
Exhibit 80: Chart on UK – Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on UK – Year-over-year growth 2021-2026 (%)
7.12 Canada – Market size and forecast 2021-2026
Exhibit 82: Chart on Canada – Market size and forecast 2021-2026 ($ million)
Exhibit 83: Data Table on Canada – Market size and forecast 2021-2026 ($ million)
Exhibit 84: Chart on Canada – Year-over-year growth 2021-2026 (%)
Exhibit 85: Data Table on Canada – Year-over-year growth 2021-2026 (%)
7.13 Market opportunity by geography
Exhibit 86: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
8.1 Market drivers
8.2 Market challenges
8.3 Impact of drivers and challenges
Exhibit 87: Impact of drivers and challenges in 2021 and 2026
8.4 Market trends
9 Vendor Landscape
9.1 Overview
9.2 Vendor landscape
Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
9.3 Landscape disruption
Exhibit 89: Overview on factors of disruption
9.4 Industry risks
Exhibit 90: Impact of key risks on business
10 Vendor Analysis
10.1 Vendors covered
Exhibit 91: Vendors covered
10.2 Market positioning of vendors
Exhibit 92: Matrix on vendor position and classification
10.3 Airbus SE
Exhibit 93: Airbus SE – Overview
Exhibit 94: Airbus SE – Business segments
Exhibit 95: Airbus SE – Key news
Exhibit 96: Airbus SE – Key offerings
Exhibit 97: Airbus SE – Segment focus
10.4 ATR
Exhibit 98: ATR – Overview
Exhibit 99: ATR – Product / Service
Exhibit 100: ATR – Key offerings
10.5 General Electric Co.
Exhibit 101: General Electric Co. – Overview
Exhibit 102: General Electric Co. – Business segments
Exhibit 103: General Electric Co. – Key news
Exhibit 104: General Electric Co. – Key offerings
Exhibit 105: General Electric Co. – Segment focus
10.6 Honeywell International Inc.
Exhibit 106: Honeywell International Inc. – Overview
Exhibit 107: Honeywell International Inc. – Business segments
Exhibit 108: Honeywell International Inc. – Key news
Exhibit 109: Honeywell International Inc. – Key offerings
Exhibit 110: Honeywell International Inc. – Segment focus
10.7 Lockheed Martin Corp.
Exhibit 111: Lockheed Martin Corp. – Overview
Exhibit 112: Lockheed Martin Corp. – Business segments
Exhibit 113: Lockheed Martin Corp. – Key news
Exhibit 114: Lockheed Martin Corp. – Key offerings
Exhibit 115: Lockheed Martin Corp. – Segment focus
10.8 Pilatus Aircraft Ltd.
Exhibit 116: Pilatus Aircraft Ltd. – Overview
Exhibit 117: Pilatus Aircraft Ltd. – Product / Service
Exhibit 118: Pilatus Aircraft Ltd. – Key offerings
10.9 Pratt and Whitney
Exhibit 119: Pratt and Whitney – Overview
Exhibit 120: Pratt and Whitney – Product / Service
Exhibit 121: Pratt and Whitney – Key offerings
10.10 Rolls-Royce Holdings Plc
Exhibit 122: Rolls-Royce Holdings Plc – Overview
Exhibit 123: Rolls-Royce Holdings Plc – Business segments
Exhibit 124: Rolls-Royce Holdings Plc – Key news
Exhibit 125: Rolls-Royce Holdings Plc – Key offerings
Exhibit 126: Rolls-Royce Holdings Plc – Segment focus
10.11 Safran SA
Exhibit 127: Safran SA – Overview
Exhibit 128: Safran SA – Business segments
Exhibit 129: Safran SA – Key news
Exhibit 130: Safran SA – Key offerings
Exhibit 131: Safran SA – Segment focus
10.12 Textron Inc.
Exhibit 132: Textron Inc. – Overview
Exhibit 133: Textron Inc. – Business segments
Exhibit 134: Textron Inc. – Key news
Exhibit 135: Textron Inc. – Key offerings
Exhibit 136: Textron Inc. – Segment focus
11 Appendix
11.1 Scope of the report
11.2 Inclusions and exclusions checklist
Exhibit 137: Inclusions checklist
Exhibit 138: Exclusions checklist
11.3 Currency conversion rates for US$
Exhibit 139: Currency conversion rates for US$
11.4 Research methodology
Exhibit 140: Research methodology
Exhibit 141: Validation techniques employed for market sizing
Exhibit 142: Information sources
11.5 List of abbreviations
Exhibit 143: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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