Aerospace Gearbox Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Arpac, Pro Mach, Beumer, Orion Packaging Systems

Registering a CAGR of 7.35% over the forecast period, the market value of Shrink-Wrapping Equipment is expected to reach US$ 3.66 billion in the year 2027.

Aerospace Gearbox Market Overview

One of the goals of aircraft manufacturers and other aircraft component manufacturers is to reduce overall aircraft weight. Aircraft manufacturers are working hard to reduce the overall weight of aircraft engines in order to reduce fuel consumption and improve the cost-effectiveness of airline operations. Furthermore, there have been numerous technological advancements in the aerospace and defense industries. The global aircraft gearbox market is experiencing a significant growth with increase in commercial & military aircraft fleet size. Aircraft gearbox is the component of transmission system placed along with shafts for changing rotational speed and driving the accessories essential for an operational engine. 

Depending on the aircraft type, an aircraft engine weighs approximately 10% to 15% of the total aircraft operating weight. One of the most significant operating expenses for airlines is fuel. A 1% reduction in aircraft weight can save the airline operator more than 1% in fuel consumption, resulting in more efficient flight operations. As a result, airline operators and airliners demand lighter, more efficient aircraft.

The report aspects discussed the profile of the top manufacturers of the global Shrink-Wrapping Equipment market. These aspects include financial status of major companies, trending advancements and entire market scenario. Growth of the report have examined Aerospace Gearbox Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.

Industry News and Updates:

February 16, 2021 –Regal To Combine with Rexnord's Pmc Segment Creating World Class Power Transmission Provider-- 

Regal Beloit Corporation (NYSE: RBC) and Rexnord Corporation (NYSE: RXN) today announced that they have reached a definitive agreement whereby Rexnord will separate its Process & Motion Control (“PMC”) segment by way of a tax-free spin-off to Rexnord shareholders and then immediately combine it with Regal in a Reverse Morris Trust (“RMT”) transaction. Regal shareholders will own 61.4% and Rexnord shareholders will own 38.6% of the combined entity (“New Regal”), before a potential dividend to Regal shareholders and a corresponding ownership adjustment to Rexnord shareholders, sized at closing to ensure that RMT ownership requirements are met. Rexnord shareholders will continue to own 100% of the businesses’ Water Management platform.

May 21, 2021 – IndiGo selects CFM's LEAP-1A engines to power its A320neo family aircrafts--

IndiGo today announced that it has selected CFM International LEAP-1A engines to power its fleet of 310 new Airbus A320neo, A321neo, and A321XLR aircraft. This agreement includes 620 new installed engines and associated spare engines, as well as a long-term, multi-year service agreement.

What are the major Applications, Types and Regions for Aerospace Gearbox Market?

Market is segmented based on the type, applications, companies and regions.

By Type, it is segmented into

• AGB (Accessory Gearbox)


• RGB (Reduction Gearbox)


• Actuation Gearbox


• Tail Rotor Gearbox


• APU (Auxiliary Power Unit) Gearbox

By Application, it is segmented into

• Commercial Aircraft


• Regional Aircraft


• Military Aircraft


• Helicopter

Aerospace Gearbox Market Regional Analysis

During the forecast period, the North American region is expected to lead the aircraft gearbox market. The growth of the North American aircraft gearbox market is primarily driven by countries in this region increasing their investments in aircraft gearbox R&D. Furthermore, factors such as rising demand for lightweight and fuel-efficient turboprop and piston engine aircraft are expected to drive demand for the region's aircraft gearbox market.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Aerospace Gearbox Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Aerospace Gearbox Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Aerospace Gearbox Market report scope?

Key Takeaways from this Aerospace Gearbox Report

• Evaluate Aerospace Gearbox market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Aerospace Gearbox market entropy - M&A's, deals, partnerships, product launches of all key players for the past 5 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

Frequently Asked Questions

What is the growth rate of Aerospace Gearbox Market?

The Aerospace Gearbox Market is growing at a CAGR of 7.35% over the next 5 years.

Who are the key players in Aerospace Gearbox Market?

Kawasaki Heavy Industries, Timken Company, Aero Gear Inc, BMT Aerospace, Avio Aero, AB SKF, Safran Transmission Systems SA, Raytheon Technologies Corporation, Liebherr, Northstar Aerospace Inc

What are the significant types of Aerospace Gearbox Market?

AGB (Accessory Gearbox), RGB (Reduction Gearbox), Actuation Gearbox, Tail Rotor Gearbox, APU (Auxiliary Power Unit) Gearbox

What are the major end-use applications of Aerospace Gearbox Market?

Commercial Aircraft, Regional Aircraft, Military Aircraft, Helicopter

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