Stratview Research announces the launch of a new market research report on Aircraft Gearbox Market by Application Type (Engine and Airframe), by Gearbox Type (Accessory Gearbox, Reduction Gearbox, Actuation Gearbox, Tail Rotor Gearbox, Auxiliary Power Unit Gearbox, and Others), by Fit Type (Linefit and Retrofit), by Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, General Aviation, Regional Aircraft, and Military Aircraft), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024.

This report, from Stratview Research, studies the aircraft gearbox market over the trend period from 2013 to 2018 and forecast period from 2019 to 2024. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The Aircraft Gearbox Market: Highlights

The Aircraft Gearbox Market is likely to witness an impressive CAGR of 5.9% during the forecast period. Increasing commercial aircraft deliveries along with a growing demand for Pure-Power Geared Turbofan (GTF) engines, rising aircraft fleet size, advancements in the gearbox technology, and introduction of lightweight gearboxes are some of the factors proliferating the growth of the aircraft gearbox market.

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Based on the application type, the market is segmented as engine (turbofan, turboshaft, turboprop, and piston engine), and airframe. The engine segment is estimated to register a higher growth during the forecast period as gearboxes are an integral part of an aircraft and deliver the necessary thrust required during takeoff and landing. Among engine segments, turbofan is likely to remain the largest as well as fastest-growing segment over the next five years, driven by a higher dominance in commercial and regional aircraft.

Based on the gearbox type, the market is segmented as accessory gearbox, reduction gearbox, actuation gearbox, tail rotor gearbox, auxiliary power unit gearbox, and others. The accessory gearbox segment is expected to witness the highest growth during the forecast period, propelled by an advancement in the technology and increasing commercial aircraft deliveries.

Based on the fit type, the market is segmented as linefit and retrofit. The linefit segment is projected to depict a higher growth in the coming five years. Increasing air passenger traffic has led to the growth in the demand for new aircraft, which, in turn, is driving the linefit segment of the aircraft gearbox market.

Based on the aircraft type, the market is segmented as narrow-body aircraft, wide-body aircraft, very large body aircraft, general aviation, regional aircraft, and military aircraft. Wide- and narrow-body aircraft are likely to remain the growth engines of the aircraft gearbox market over the next five years, propelled by increasing aircraft deliveries to support rising passenger and cargo traffic, upcoming variant of existing programs, and rising commercial aircraft fleet size.

In terms of regions, North America is expected to lead the aircraft gearbox market in the coming five years as the region is the manufacturing capital of the aerospace industry with the presence of several OEMs, tier players, gearbox suppliers, distributors, and raw material suppliers. The USA will continue to propel the demand for aircraft gearboxes in the region over the next five years. Boeing, Bombardier, Lockheed Martin, and Gulfstream are the major aircraft makers, generating a high demand for gearboxes for their aircraft assembled in the region. The recent opening of assembly plants of the A320 aircraft program by Airbus in the USA further assures a healthy demand for aircraft gearboxes in the region.

Asia-Pacific is likely to witness the highest growth over the next five years, primarily propelled by China, Japan, and India. China and Japan are likely to remain the major markets in the region, whereas India is going to be the fastest-growing market. Boeing anticipated in its commercial aerospace outlook 2018-2037 that approximately 16,930 commercial and regional aircraft are going to be delivered in the Asia-Pacific region in the next twenty years. It is a good opportunity for the local players to invest in the aerospace industry in order to reap the long-term profitable benefits.

Some of the major players in aircraft gearbox market are Aero Gearbox International, Aero Gear, Inc., CEF Industries, LLC, The Liebherr Group, Northstar Aerospace, Inc., Safran S.A., AB SKF, and United Technologies Corporation. The development of advanced gearboxes and the formation of long-term contracts are some of the major strategies adopted by key players in order to gain a competitive edge over others.

Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

The aircraft gearbox market is segmented into the following categories.
Aircraft Gearbox Market by Application Type:
• Engine
• Airframe
Aircraft Gearbox Market by Gearbox Type:
• Accessory Gearbox
• Reduction Gearbox
• Actuation Gearbox
• Tail Rotor Gearbox
• Auxiliary Power Unit Gearbox
• Others
Aircraft Gearbox Market by Fit Type:
• Linefit
• Retrofit
Aircraft Gearbox Market by Aircraft Type:
• Narrow-Body Aircraft)
• Wide-Body Aircraft
• Very Large Aircraft
• General Aviation
• Regional Aircraft
• Military Aircraft
Aircraft Gearbox Market by Region:
• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

About Stratview Research
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