The Global Commercial Aircraft Turbofan Engines Market had been cruising in one of the longest super cycles through the end of 2019, very much aligned with the aircraft manufacturers, with the same abruptly broken by the global outbreak of the COVID-19 pandemic earlier in 2020. The aircraft OEMs have made the most of the upswing through the decade ramping up aircraft production rates rapidly to meet delivery timelines. The key focus across the engine OEMs over the decade, too, remained on making the next generation ultra high bypass ratio turbofan engines enter commercial service followed by ramping up of production rates for these latest engines. 2016 marked the start of the much awaited & anticipated battle of the engines between the incumbent CFM’s latest LEAP engines family & the challenger Pratt & Whitney’s PW1000G Geared Turbofan engines in the narrow body aircraft segment. The battle to watch out for in the wide body aircraft segment has been between Rolls Royce’s Trent 1000 & Trent XWB and the GEnx from the American giant.
This report looks into & analyzes as to how these battles have shaped out since the introduction of these respective engine’s entry into commercial service and which of the engine OEMs have had a upper hand with respect to aircraft programs based on assessment of market shares, in-air performance & by looking at key pointers like:-
- Entry into service performance
- Aircraft programs powered
- Market shares
- Order book evolution & current order book positions
- Current share of aircrafts on order
- In-service engine base size
- MRO Network coverage & strength
- Reflections from airline customers
The report also looks at the current focus across these engine OEMs & key measures being undertaken as they prepare to weather the violent onslaught of the global outbreak of the COVID-19 pandemic on the aviation industry over near term while the medium to long term fundamentals of the industry remain robust & intact. The report concludes by making a preliminary assessment of the likely unfolding scenarios for the global commercial aircraft market over near term based on the present situation which is evolving very rapidly given the highly dynamic & unprecedented rate at which things are unfolding globally.
The report is a niche, key and vital information resource with its unique disposition & focus of analysis. The report would be quintessential for those having strategic interest in the Engine Programs covered, Companies, and/or the Global Commercial Aircraft Turbofan Engines market and will be especially useful for Key Decision-Makers, Program & Project Managers, Procurement Managers, Top Management of Industry Players & Other Companies, Industry OEMs, Suppliers, Vendors, Airlines Groups, MRO Services Providers and other Key Players in the Industry Value Chain. The report will also be useful for existing & potential Investors, Industry & Company Analysts, M&A Advisory Firms, Strategy & Management Consulting Firms, PE Firms, Venture Capitalists, Financing & Leasing Companies, Researchers and all those associated with the industry.