#Aircraft #Gearbox #Market #Garner #Billion
Portland, OR, Sept. 30, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global aircraft gearbox market generated $2.8 billion in 2021, and is projected to reach $5.1 billion by 2031, growing at a CAGR of 6.5% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.
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Aircraft Gearbox Industry Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $2.8 billion |
| Market Size in 2031 | $5.1 billion |
| CAGR | 6.5% |
| No. of Pages in Report | 397 |
| Segments Covered | Application, component, end-use, sales channel, and region. |
| Drivers | Increase in the standard of living |
| Increase in passenger traffic and rise in investment in aircraft infrastructure | |
| Opportunities | Prevalence of extensive research and development efforts by prominent players to improve operational efficiency of an Aircraft Gearbox |
| Rise in need to reduce overall carbon footprint |
COVID-19 Scenario:
- The outbreak of COVID-19 has had a devastating impact on the growth of the global aircraft gearbox market, owing to the presence of lockdowns in numerous countries around the world.
- Lockdowns resulted in the closure of various manufacturing facilities, including those of aircraft gearbox and other aircraft components, which adversely impacted the growth of the…
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