Commercial Aircraft Turbine Blades & Vanes Market to Cross USD 1.27 Bn by Late 2021, Says MRFR in Its New Report Available at MarketPublishers.com
25 Aug 2017 • by Natalie Aster
LONDON – During 2017-2021, the global market for commercial aircraft turbine blades and vanes is poised to increase at appr. 6% CAGR, driven by a range of favourable factors including strong demand for improved aero-engine components and ongoing industry developments, amid others. By late 2021, the market value is set to go beyond USD 1.27 billion.
The Asia-Pacific region is forecast to stay ahead of other regional markets for commercial aircraft turbine blades and vanes during 2017-2021. By 2021-end, the value of the Asia-Pacific commercial aircraft turbine blades and vanes market is anticipated to cross USD 565 million, exhibiting growth at an 8% CAGR. This regional market presents a slew of lucrative opportunities for MRO companies, aerospace manufacturers, aerospace and aviation industry players.
Meantime, the North American and the European markets for commercial aircraft turbine blades and vanes are set to increase at a 5.23% CAGR and a 3.44% CAGR, respectively, through 2021.
In-demand research publication “Global Commercial Aircraft Turbine Blades & Vanes Market - Trends & Forecast, 2016-2021” prepared by Market Research Future (MRFR) provides a detailed analysis of the global market landscape, gives in-depth insights into the market structure and traces light on the market dynamics. Besides, this topical report sheds light on the market trends, challenges, opportunities and the major market growth driving and limiting factors. Moreover, this study touches upon regulative environment and competitive scenario, gives valuable info on the top market players, presents an extensive market segmentation analysis and evaluates the market shares. An insightful overview of the main geographical market is available in this publication as well. In addition, future forecasts through 2021 are at hand in this report.
To find other research studies prepared by this publisher follow to Market Research Future catalogue at MarketPublishers.com.