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Aeroengine Accessory Drive Train Market Share

Report ID: GMI3094
Published Date: Jul 2024
Report Format: PDF

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Aeroengine Accessory Drive Train Market Share

Aeroengine accessory drive train industry seem to be consolidated in nature due to presence of local and global players across the globe. In 2023, the market players such Collins Aerospace, GE Aviation, GKN Aerospace, Honeywell Aerospace, Liebherr-Aerospace, Moog Inc., Park Ohio Holding Corporation and Parker Hannifin Corporation collectively held around 10%-15% market share. These prominent players are proactively involved in strategic endeavors, such as mergers & acquisitions, facility expansions & collaborations, to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position.

Aeroengine Accessory Drive Train Market Companies

Major players operating in the aeroengine accessory drive train industry are:

Collins Aerospace
GE Aviation
GKN Aerospace
Honeywell Aerospace
Liebherr-Aerospace
Moog Inc.
Park Ohio Holding Corporation
Parker Hannifin Corporation
Pratt & Whitney
Rolls-Royce plc
RTX Corporation
Safran Aircraft Engines
Triumph Group
UTC Aerospace Systems
Woodward, Inc.

Authors: Suraj Gujar, Partha Paul

Frequently Asked Questions (FAQ) :

The market size for aeroengine accessory drive train was valued at USD 856.5 million in 2023 and is estimated to grow at 6.5% CAGR during 2024-2032, driven by the continuous expansion of the global aircraft fleet.

The gearboxes segment of the aeroengine accessory drive train market recorded USD 309 million in 2023 and is expected to reach USD 570.8 million by 2032, as they are essential for transferring power from the engine to various accessories and systems.

North America market size was USD 226 million in 2023 and is expected to reach USD 404 million by 2032, as it hosts a significant portion of the world's commercial airline fleet.

Rolls-Royce plc, RTX Corporation, Safran Aircraft Engines, Triumph Group, UTC Aerospace Systems, and Woodward, Inc. among others.