The global aeroengine fan blades market is characterised by a high level of consolidation. The top five market leaders are Safran Aircraft Engines, GE Aviation, Pratt & Whitney, Rolls Royce, and Safran/Albany which together captured >70% share of the market in 2017. All the five major players are expected to remain dominant over the next five years as well.
Most of the major players are offering complete TCO (Total Cost of Ownership) including systems manufacturing and spare part supply. The USA is the hub for aeroengine fan blades manufacturers with the presence of key aircraft manufacturers like as Boeing, Gulfstream Aerospace, Bombardier and aircraft engine manufacturers such as Pratt and Whitney, CFM International generating the highest demand for the systems.
Safran Aircraft Engines is the market leader in the global aeroengine fan blades market. The company holds excellence in the manufacturing of titanium fan blades for CFM56 series.
GE Aviation is the second largest player in the global aeroengine fan blades market. The company also holds excellent product development capabilities, vast product portfolio, and an excellent customer base. The company has wide geographical reach and an excellent brand identity with variety of customer base like Bombardier Airbus, Gulfstream Aerospace Corporation and Boeing.
Pratt & Whitney is the third largest player. The company is one of the leading players in the manufacturing of high-quality and lightweight aeroengine fan blades. The company is the first one to introduce the aluminium based aeroengine fan blades in 2014.
There are multiple companies manufacturing fan blades in the world. Also, few companies have outsourced the manufacturing of aeroengine fan blades, small organization to manufacture such as GE Aviation have subcontracted a Taiwan based company Chaheng Precision Company Ltd to manufacture the titanium-based fan blades for its various engine models.
The global aeroengine fan blades market is likely to grow at a healthy compounded annual growth rate (CAGR) of 4.1% over the next five years.
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