Global Commercial Aviation Turbofan Engines Market - Top 4 Market Players - Annual Strategy Dossier - 2024 - GE Aerospace, Pratt & Whitney, Rolls Royce, Safran

Global Commercial Aviation Turbofan Engines Market - Top 4 Market Players - Annual Strategy Dossier - 2024 - GE Aerospace, Pratt & Whitney, Rolls Royce, Safran

Commercial Aviation’s resurgence has been remarkable with passenger traffic and fleet utilization levels exceeding pre-COVID times and airlines’ profitability inching into the positive zone for 2023, after years of market carnage and turbulence. The passenger flights being offered by the airlines have exceeded the pre-pandemic levels for the first time in 2024 amid aircraft availability & MRO capacity constraints on the supply side as passenger traffic levels surge and provide the much-required boost to fleet utilization levels across carriers with a better load factor, thereby, boosting passenger revenues and RPKs. The airlines profitability, however, continues to be abysmal and at rock bottom, at just $23+ billion for 2023 with a just 2+% net margin and at $5+ per passenger in revenues, however, it is projected to be almost marginally better for 2024 amid a relatively lower cost base.

The surge in passenger traffic and supply side constraints on available capacity, due to supply chain issues, are likely to lead to improved fleet and capacity utilization over near term while also driving up yield & profitability and boosting MRO demand & activity levels translating into substantial projected MRO revenues growth for the industry over near to medium term. The volatility in crude oil price environment remains a concern for the airlines from a profitability perspective as they also continue to invest towards and undertake measures to transition towards sustainability by reducing their overall carbon emissions in a tight cost of capital market environment with interest rates staying northwards.

The Global Commercial Aircraft Turbofan Engines Market continues to make steady recovery with steady production ramp-up of commercial engines witnessed in 2023 which is likely to be sustained in 2024 with the industry actively making efforts towards meandering its way around the supply chain constraints & capacity limitations, in order, to boost & increase production rates across engine OEMs and programs which did increase significantly in 2023 despite the supply chain woes and supplier issues & delinquencies. However, durability issues being experienced by the in-service fleet of Pratt & Whitney's PW1000 engine family and the Rolls Royce’s Trent 1000 engine program, which powers the 787 as an engine option, have impacted the entire Global in-service aircraft fleet further adding to the carriers' capacity woes.

The global economy, however, is projected to be heading towards a slowdown in 2024 following continued monetary policy tightening posture by central banks globally over the recent years to check inflation. The situation has been further exacerbated by the sustained geopolitical instability marked by the ongoing Russia-Ukraine war, which continues unabated, and the Israeli military operations in Gaza and dangerous confrontations with Iran & Hezbollah, causing further escalation in tensions and keeping the entire Middle East region and the world on the edge, thereby, becoming a double whammy for the global economic growth which returns to its range-bound average movement of under 3% annually. However, any further, major potential shock at this time could send the global economy spiraling down into a recessionary cycle.

Against this backdrop, the report provides comprehensive insights into the Top 4 Global Commercial Aviation Turbofan Engine Manufacturers with focus on a blend of quantitative & qualitative analysis.

Excerpts:

Analysis of Emerging, Near-Term Market Scenario for Commercial Aviation – Near Term Ramp-Up Plans by Aircraft & Engine OEMs amid Supply Chain Woes
Demand Growth Projections & Forecast – Passenger Traffic, Cargo and MRO Growth Rates, Revenues growth rates, Fleet Growth Projections, Engine Production & Deliveries Forecast
Key Industry, Market & Technology Trends – Reducing Emissions, Sustainability, SAF, Fleet Planning amid Supply Constraints, 737 MAX 7 & 10 Programs
Issues & Challenges & Risk Factors - Oil Price Volatility, Geopolitical Turbulence, Macroeconomic Challenges, Input Costs, Tight Credit Environment
Potential Growth Opportunities – Key Growth Segments, Markets & Regions
Market Outlook – Projected Turbofan Engine Deliveries across Segments & Markets for Near to Medium Term

For Whom:

The report would be indispensable for those having strategic interest & stakes in the Global Commercial Aviation/Turbofan Engines Market. The report will be extremely useful for Key Decision-Makers, Program & Fleet Managers, MRO Services Providers, Legacy Carriers as well as LCCs, Top Management of Industry Players & Other Companies, Industry OEMs, Aviation Supplier Base, Vendors, Lessors, Technology & Other Services Solution 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 Global Commercial Aviation/Aircraft Market. The report is comprehensive yet concise & compact at the same time; is custom-built for meetings & presentations, in addition, to being a ready self-reckoner as well as a quick reference guide driving, enabling & ensuring prompt and informed decision making.