FACTS AT A GLANCE
Edition: 8; Released: April 2021
Executive Pool: 2171
Companies: 42 – Players covered include Aero Gear, Inc.; Aero Gearbox International; Avion Technologies Inc.; CEF Industries LLC; Liebherr-International Deutschland GmbH; Northstar Aerospace; Pbs Velka Bites; Safran; SKF Group; Triumph Group; United Technologies Corporation (UTC) and Others.
Coverage: All major geographies and key segments
Segments: Application (Engine, Airframe); Gearbox Type (Reduction, Accessory, Actuation, Tail Rotor, APU, Other Gearbox Types)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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ABSTRACT-
Global Aircraft Gearbox Market to Reach $5 Billion by 2026
Amid the COVID-19 crisis, the global market for Aircraft Gearbox estimated at US$3.7 Billion in the year 2020, is projected to reach a revised size of US$5 Billion by 2026, growing at a CAGR of 4.9% over the analysis period. Engine, one of the segments analyzed in the report, is projected to record 5.7% CAGR and reach US$3.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Airframe segment is readjusted to a revised 3.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.1 Billion in 2021, While China is Forecast to Reach $1 Billion by 2026
The Aircraft Gearbox market in the U.S. is estimated at US$1.1 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1 Billion by the year 2026 trailing a CAGR of 7.7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 4.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3% CAGR. More
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