Aircraft Engine Shaft Market Size, Growth, Report & Forecast 2027

Report Description

The global aircraft engine shaft market is anticipated to witness a growth of steady CAGR in the forecast period, 2023-2027. Factors such as the rise in the air passenger traffic, expenditure capacity of the consumers, and shift in preference of consumers to travel via air modes are accelerating the demand for aircraft across the globe. An increase in the investments by the market players for technological advancements and the advent of innovative solutions to improve the performance of aircraft engine shafts are expected to contribute to the market growth. Also, the expansion of the aircraft fleet and growing demand for commercial aircraft are expected to propel the demand for the global aircraft engine shaft market in the forecast period.

Growing Commercial Aviation Industry Drives the Market Demand

Air traffic is expected to rise at a significant rate which is expected to propel the demand for commercial aircraft across the globe. Improvement in air traffic, reduction in fuel prices, and the emergence of aircrafts offering tickets at cost-effective prices are boosting the frequency of people traveling via the air modes. Consumers have started to prefer comfort and convenience over the cost of buying a ticket. Aircraft take the passengers from their location to the desired location in the lowest time possible, which eliminates the need to travel for long hours for big distances. Commercial aircraft are environment-friendly and have a low adverse impact on the environment. The emergence of online platforms provides information about the present status of the tickets available in the aircraft, along with their prices. They are also offering online payment gateways and web-check options to provide enhanced comfort to the passengers. Also, the rise in the investments by the government to support the aviation industry in their respective countries and are encouraging the market players to start domestic production in their country is expected to create lucrative growth opportunities for the market players in the forecast period. Thus, the growing commercial aviation industry is expected to bolster the demand for the global aircraft engine shaft market over the next five years.

Increased Demand for Military Aircrafts Boosts the Market Demand

Countries are investing in the modernization of their aviation fleet due to changing warfare technologies and the rise in terrorism and cross-border conflicts. They are replacing conventional aircraft with technologically advanced aircraft to have the upper hand during combat situations. Governments of various countries are increasing their defense budgets to expand their air force fleet. A number of countries are focusing on enhancing their domestic production and reducing their dependency on other countries to fulfill their military requirements, which is expected to support the local manufacturing market players. Market players are working on improving the performance and target-hitting probability of their military aircraft and improving the fuel efficiency of their aircraft. The advent of the new aircraft that can fly long distances with minimal fuel requirements and aircraft engines offering higher performances are expected to accelerate the market demand over the forecast period.

Download Free Sample Report

Market Segmentation

The global aircraft engine shaft market is segmented into engine type, material, aircraft type, application, regional distribution, and competitive landscape. Based on the engine type, the market is divided into turboprop, turbofan, turboshaft, and piston. Based on material, the market is bifurcated into steel and iron. Based on aircraft type, the market is divided into narrow body aircrafts, wide body aircrafts, regional aircrafts, business aircrafts, rotorcrafts, and fighter aircrafts. Based on application, the market is divided into commercial and military. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among North American region, Asia-Pacific region, European & CIS region, South American region, and Middle East & African region. In terms of country, the United States is expected to witness significant growth in the forecast period owing to the growth in the number of commercial and military aircraft in the country.

Market Players

PBS Aerospace, Rolls-Royce, Safran, GE Aviation, Honeywell, Duacsek & Jakadofsky OG are among the major market players in the global platform that lead the market growth of the global aircraft engine shaft market.

Attribute	Details
Base Year	2021
Historic Data	2017 – 2020
Estimated Year	2022
Forecast Period	2023 – 2027
Quantitative Units	Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027
Report coverage	Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends
Segments covered	· Engine Type · Material · Aircraft Type · Application
Regional scope	North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa
Country scope	United States; Canada; Mexico; China; India; Japan; Malaysia; Thailand; Indonesia; Vietnam; South Korea; Germany; France; United Kingdom; Spain; Italy; Belgium; Russia; Brazil; Argentina; Columbia; South Africa; UAE; Saudi Arabia; Egypt
Key companies profiled	PBS Aerospace, Rolls-Royce, Safran, GE Aviation, Honeywell
Customization scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, global aircraft engine shaft market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Aircraft Engine Shaft Market, By Engine Type:

Turboprop
Turbofan
Turboshaft
Piston

Aircraft Engine Shaft Market, By Material:

Steel
Iron

Aircraft Engine Shaft Market, By Aircraft Type:

Narrow Body Aircrafts
Wide Body Aircrafts
Regional Aircrafts
Business Aircrafts
Rotorcrafts
Fighter aircrafts

Aircraft Engine Shaft Market, By Application:

Commercial
Military

Aircraft Engine Shaft Market, By Region:

North America

United States
Canada
Mexico

Asia-Pacific

China
India
Japan
Malaysia
Thailand
Indonesia
Vietnam
South Korea

Europe & CIS

Germany
France
United Kingdom
Spain
Italy
Belgium
Russia

South America

Brazil
Argentina
Colombia

Middle East & Africa

§ South Africa

§ Saudi Arabia

§ UAE

§ Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global aircraft engine shaft market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global aircraft engine shaft market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Impact of COVID-19 on Global Aircraft Engine Shaft Market

5. Voice of Customer

5.1. Factors Influencing Purchase Decision

5.2. Aided and Unaided Brand Recall

5.3. Brand Satisfaction Level

6. Global Aircraft Engine Shaft Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value and Volume

6.2. Market Share & Forecast

6.2.1. By Engine Type (Turboprop, Turbofan, Turboshaft, Piston)

6.2.2. By Material (Steel, Iron)

6.2.3. By Aircraft Type (Narrow Body Aircrafts, Wide Body Aircrafts, Regional Aircrafts, Business Aircrafts, Rotorcrafts, Fighter aircrafts)

6.2.4. By Application (Commercial, Military)

6.2.5. By Region (North America; Europe & CIS; Asia Pacific; South America and Middle East & Africa)

6.2.6. By Company (2021)

6.3. Product Market Map (By Engine Type, By Region)

7. North America Aircraft Engine Shaft Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value and Volume

7.2. Market Share & Forecast

7.2.1. By Engine Type

7.2.2. By Material

7.2.3. By Aircraft Type

7.2.4. By Application

7.2.5. By Country (United States; Canada; Mexico)

7.3. Product Market Map (By Engine Type, By Country)

7.4. North America: Country Analysis

7.4.1. United States Aircraft Engine Shaft Market Outlook

7.4.1.1. Market Size & Forecast

7.4.1.1.1. By Value and Volume

7.4.1.2. Market Share & Forecast

7.4.1.2.1. By Engine Type

7.4.1.2.2. By Material

7.4.1.2.3. By Aircraft Type

7.4.1.2.4. By Application

7.4.2. Canada Aircraft Engine Shaft Market Outlook

7.4.2.1. Market Size & Forecast

7.4.2.1.1. By Value and Volume

7.4.2.2. Market Share & Forecast

7.4.2.2.1. By Engine Type

7.4.2.2.2. By Material

7.4.2.2.3. By Aircraft Type

7.4.2.2.4. By Application

7.4.3. Mexico Aircraft Engine Shaft Market Outlook

7.4.3.1. Market Size & Forecast

7.4.3.1.1. By Value and Volume

7.4.3.2. Market Share & Forecast

7.4.3.2.1. By Engine Type

7.4.3.2.2. By Material

7.4.3.2.3. By Aircraft Type

7.4.3.2.4. By Application

8. Asia Pacific Aircraft Engine Shaft Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value and Volume

8.2. Market Share & Forecast

8.2.1. By Engine Type

8.2.2. By Material

8.2.3. By Aircraft Type

8.2.4. By Application

8.2.5. By Country (China, India, Japan, Malaysia, Thailand, Indonesia, Vietnam, South Korea)

8.2.6. Product Market Map (By Engine Type, By Country)

8.3. Asia Pacific: Country Analysis

8.3.1. China Aircraft Engine Shaft Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value and Volume

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Engine Type

8.3.1.2.2. By Material

8.3.1.2.3. By Aircraft Type

8.3.1.2.4. By Application

8.3.2. India Aircraft Engine Shaft Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value and Volume

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Engine Type

8.3.2.2.2. By Material

8.3.2.2.3. By Aircraft Type

8.3.2.2.4. By Application

8.3.3. Japan Aircraft Engine Shaft Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value and Volume

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Engine Type

8.3.3.2.2. By Material

8.3.3.2.3. By Aircraft Type

8.3.3.2.4. By Application

8.3.4. Malaysia Aircraft Engine Shaft Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value and Volume

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Engine Type

8.3.4.2.2. By Material

8.3.4.2.3. By Aircraft Type

8.3.4.2.4. By Application

8.3.5. Thailand Aircraft Engine Shaft Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value and Volume

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Engine Type

8.3.5.2.2. By Material

8.3.5.2.3. By Aircraft Type

8.3.5.2.4. By Application

8.3.6. Indonesia Aircraft Engine Shaft Market Outlook

8.3.6.1. Market Size & Forecast

8.3.6.1.1. By Value and Volume

8.3.6.2. Market Share & Forecast

8.3.6.2.1. By Engine Type

8.3.6.2.2. By Material

8.3.6.2.3. By Aircraft Type

8.3.6.2.4. By Application

8.3.7. Vietnam Aircraft Engine Shaft Market Outlook

8.3.7.1. Market Size & Forecast

8.3.7.1.1. By Value and Volume

8.3.7.2. Market Share & Forecast

8.3.7.2.1. By Engine Type

8.3.7.2.2. By Material

8.3.7.2.3. By Aircraft Type

8.3.7.2.4. By Application

8.3.8. South Korea Aircraft Engine Shaft Market Outlook

8.3.8.1. Market Size & Forecast

8.3.8.1.1. By Value and Volume

8.3.8.2. Market Share & Forecast

8.3.8.2.1. By Engine Type

8.3.8.2.2. By Material

8.3.8.2.3. By Aircraft Type

8.3.8.2.4. By Application

9. Europe & CIS Aircraft Engine Shaft Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value and Volume

9.2. Market Share & Forecast

9.2.1. By Engine Type

9.2.2. By Material

9.2.3. By Aircraft Type

9.2.4. By Application

9.2.5. By Country (Germany, France, United Kingdom, Spain, Italy, Belgium, Russia)

9.3. Product Market Map (By Engine Type, By Country)

9.4. Europe & CIS: Country Analysis

9.4.1. Germany Aircraft Engine Shaft Market Outlook

9.4.1.1. Market Size & Forecast

9.4.1.1.1. By Value and Volume

9.4.1.2. Market Share & Forecast

9.4.1.2.1. By Engine Type

9.4.1.2.2. By Material

9.4.1.2.3. By Aircraft Type

9.4.1.2.4. By Application

9.4.2. France Aircraft Engine Shaft Market Outlook

9.4.2.1. Market Size & Forecast

9.4.2.1.1. By Value and Volume

9.4.2.2. Market Share & Forecast

9.4.2.2.1. By Engine Type

9.4.2.2.2. By Material

9.4.2.2.3. By Aircraft Type

9.4.2.2.4. By Application

9.4.3. United Kingdom Aircraft Engine Shaft Market Outlook

9.4.3.1. Market Size & Forecast

9.4.3.1.1. By Value and Volume

9.4.3.2. Market Share & Forecast

9.4.3.2.1. By Engine Type

9.4.3.2.2. By Material

9.4.3.2.3. By Aircraft Type

9.4.3.2.4. By Application

9.4.4. Spain Aircraft Engine Shaft Market Outlook

9.4.4.1. Market Size & Forecast

9.4.4.1.1. By Value and Volume

9.4.4.2. Market Share & Forecast

9.4.4.2.1. By Engine Type

9.4.4.2.2. By Material

9.4.4.2.3. By Aircraft Type

9.4.4.2.4. By Application

9.4.5. Italy Aircraft Engine Shaft Market Outlook

9.4.5.1. Market Size & Forecast

9.4.5.1.1. By Value and Volume

9.4.5.2. Market Share & Forecast

9.4.5.2.1. By Engine Type

9.4.5.2.2. By Material

9.4.5.2.3. By Aircraft Type

9.4.5.2.4. By Application

9.4.6. Belgium Aircraft Engine Shaft Market Outlook

9.4.6.1. Market Size & Forecast

9.4.6.1.1. By Value and Volume

9.4.6.2. Market Share & Forecast

9.4.6.2.1. By Engine Type

9.4.6.2.2. By Material

9.4.6.2.3. By Aircraft Type

9.4.6.2.4. By Application

9.4.7. Russia Aircraft Engine Shaft Market Outlook

9.4.7.1. Market Size & Forecast

9.4.7.1.1. By Value and Volume

9.4.7.2. Market Share & Forecast

9.4.7.2.1. By Engine Type

9.4.7.2.2. By Material

9.4.7.2.3. By Aircraft Type

9.4.7.2.4. By Application

10. South America Aircraft Engine Shaft Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value and Volume

10.2. Market Share & Forecast

10.2.1. By Engine Type

10.2.2. By Material

10.2.3. By Aircraft Type

10.2.4. By Application

10.2.5. By Country (Brazil, Argentina, Colombia)

10.3. Product Market Map (By Engine Type, By Country)

10.4. South America: Country Analysis

10.4.1. Brazil Aircraft Engine Shaft Market Outlook

10.4.1.1. Market Size & Forecast

10.4.1.1.1. By Value and Volume

10.4.1.2. Market Share & Forecast

10.4.1.2.1. By Engine Type

10.4.1.2.2. By Material

10.4.1.2.3. By Aircraft Type

10.4.1.2.4. By Application

10.4.2. Argentina Aircraft Engine Shaft Market Outlook

10.4.2.1. Market Size & Forecast

10.4.2.1.1. By Value and Volume

10.4.2.2. Market Share & Forecast

10.4.2.2.1. By Engine Type

10.4.2.2.2. By Material

10.4.2.2.3. By Aircraft Type

10.4.2.2.4. By Application

10.4.3. Colombia Aircraft Engine Shaft Market Outlook

10.4.3.1. Market Size & Forecast

10.4.3.1.1. By Value and Volume

10.4.3.2. Market Share & Forecast

10.4.3.2.1. By Engine Type

10.4.3.2.2. By Material

10.4.3.2.3. By Aircraft Type

10.4.3.2.4. By Application

11. Middle East and Africa Aircraft Engine Shaft Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value and Volume

11.2. Market Share & Forecast

11.2.1. By Engine Type

11.2.2. By Material

11.2.3. By Aircraft Type

11.2.4. By Application

11.2.5. By Country (South Africa, Saudi Arabia, UAE, Egypt)

11.3. Product Market Map (By Engine Type, By Country)

11.4. Middle East and Africa: Country Analysis

11.4.1. South Africa Aircraft Engine Shaft Market Outlook

11.4.1.1. Market Size & Forecast

11.4.1.1.1. By Value and Volume

11.4.1.2. Market Share & Forecast

11.4.1.2.1. By Engine Type

11.4.1.2.2. By Material

11.4.1.2.3. By Aircraft Type

11.4.1.2.4. By Application

11.4.2. Saudi Arabia Aircraft Engine Shaft Market Outlook

11.4.2.1. Market Size & Forecast

11.4.2.1.1. By Value and Volume

11.4.2.2. Market Share & Forecast

11.4.2.2.1. By Engine Type

11.4.2.2.2. By Material

11.4.2.2.3. By Aircraft Type

11.4.2.2.4. By Application

11.4.3. UAE Aircraft Engine Shaft Market Outlook

11.4.3.1. Market Size & Forecast

11.4.3.1.1. By Value and Volume

11.4.3.2. Market Share & Forecast

11.4.3.2.1. By Engine Type

11.4.3.2.2. By Material

11.4.3.2.3. By Aircraft Type

11.4.3.2.4. By Application

11.4.4. Egypt Aircraft Engine Shaft Market Outlook

11.4.4.1. Market Size & Forecast

11.4.4.1.1. By Value and Volume

11.4.4.2. Market Share & Forecast

11.4.4.2.1. By Engine Type

11.4.4.2.2. By Material

11.4.4.2.3. By Aircraft Type

11.4.4.2.4. By Application

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends and Developments

14. Competitive Landscape

14.1. Company Profiles (Partial List of Leading Companies)

14.1.1. PBS Aerospace

14.1.2. Rolls-Royce

14.1.3. Safran

14.1.4. GE Aviation

14.1.5. Honeywell

14.1.6. Duacsek & Jakadofsky OG

15. Strategic Recommendations

Figures and Tables

Frequently asked questions

What are the major drivers for the global aircraft engine shaft market?

The rise in the air passenger traffic, expenditure capacity of the consumers, and shift in preference of consumers to travel via air modes are driving the demand for the global aircraft engine shaft market.

Who are the top players operating in the global aircraft engine shaft market?

PBS Aerospace, Rolls-Royce, Safran, GE Aviation, and Honeywell are the key players operating in the global aircraft engine shaft market.

Which aircraft type is expected to dominate the global aircraft engine shaft market?

Based on aircraft type, the market is divided into narrow body aircrafts, wide body aircrafts, regional aircrafts, business aircrafts, rotorcrafts, and fighter aircrafts. Narrow body aircraft are expected to hold the largest market share in the forecast period.