Global Commercial Aviation Turbofan Engines Company Benchmark Report 2024: Business Portfolio, Strategic Positioning, Opportunities, Emerging & Game Changer Technologies

News provided by

Mar 28, 2024, 06:45 ET

DUBLIN, March 28, 2024 /PRNewswire/ -- The "Top 4 Companies in the Global Commercial Aviation Turbofan Engines Market: GE Aerospace, Pratt & Whitney, Rolls Royce, Safran - Comparative SWOT & Strategy Focus, 2024-2027" report has been added to ResearchAndMarkets.com's offering.

The Global Commercial Aircraft Turbofan Engines Market continues to make steady recovery with steady production ramp-up of commercial engines witnessed in 2023 with the industry actively making efforts towards making its way around the supply chain constraints & 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 across the Global Narrow body aircraft fleet have been impacting the available market capacity, further adding to the carriers' capacity woes which have already been compounded by the discovery of Boeing's quality issues on the 737 MAX program on a periodic basis.

Commercial Aviation is turning a corner with passenger traffic and fleet utilization exceeding pre-COVID levels of 2019 and airlines' profitability moving into the positive zone for 2023, after years of market carnage and turbulence. The passenger flights being offered by the airlines are likely to exceed the pre-pandemic levels for the first time in 2024, as per IATA, amid surging passenger traffic levels which are likely to provide a boost to fleet utilization 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 being at just 2+% net margin and at $5+ per passenger in revenues, way below the cost of capital and is projected to be almost marginally better for 2024 as well, however, 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 driving up yield & profitability while also boosting MRO demand & activity levels translating into substantial projected MRO revenues growth for the industry over near to medium term. The high 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 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 enters its third year, and the Israeli military operations in Gaza, causing tensions and keeping the entire Middle East region 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.

Study Coverage

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. The report provides detailed analysis on the engine manufacturers, including:

Comprehensive analysis of business portfolio and strategic market positioning
Analysis of Overall Strategy Focus
Analysis of Key Strategies & Plans for the Medium Term Horizon
Detailed Comparative SWOT Analysis for the Engine OEMs
Outlining of Key Growth Opportunities
Analysis of Emerging & Game Changer Technologies
Projections and deliveries forecast for Commercial Aircrafts over medium to long term

Report 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, 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

Key Topics Covered:

Section 1: Business Structure & Snapshot - For each of the Global Top 4 Commercial Aviation Turbofan Engine Manufacturers

Founded
Headquartered
Business Segments
Employees
Product Portfolio - Major Product Platforms, Programs and Key Competitors
Market Capitalization/Ownership Structure
Key Executives
Shareholding/Ownership Pattern & Structure

Section 2: Financial Performance Analysis - For each Engine OEM - Charts & Analysis: Based on Latest Available Financial Results

Revenue Base & Growth Trend
Revenues Split by Key Segments
Revenues Split by Key Geographic Markets & Regions
Gross Earnings & Margin Trend
Operating Earnings & Operating Margin Trend
Return on Sales Trend
Profitability Growth Trend
Cash Flow from Operations
R&D Expenditure Trend
CAPEX Trend
Order Intake & Aircraft Deliveries Trend
Order Backlog Position

Section 3: SWOT Analysis-For each of Global Top 4 Industry Players

Sources of Strengths which could be Leveraged
Weaknesses to Overcome & Offset
Opportunities to Capitalize Upon
Threats to Mitigate

Section 4: Comparative Analysis of Strengths

GE Aerospace Inc.
Pratt & Whitney Inc.
Rolls Royce plc
Safran SA

Section 5: Comparative Analysis of Weaknesses

GE Aerospace Inc.
Pratt & Whitney Inc.
Rolls Royce plc
Safran SA

Section 6: Strategy Focus & Priorities - For the Top 4 Engine OEMs

Section 7: Key Strategies & Plans - For the Top 4 Engine OEMs

Business Portfolio Strategies & Plans
Service Level Strategies & Plans
Technological and R&D Strategies & Plans
Market Specific Strategies & Plans - Traditional & Emerging Markets
Corporate Strategies & Plans
Sales, Marketing & Branding Strategies and Plans
Manufacturing/Production Strategies & Plans
Business Growth Strategies & Plans - Organic & Inorganic
Financial Strategies & Plans
Acquisitions, Strategic Alliances & JVs
Other Strategies & Strategic Initiatives

Section 8: Global Commercial Aviation Market - Force Field Analysis - Analysis of Driving & Restraining Forces and their Overall Dynamics

Driving Forces
Restraining Forces

Section 9: Key Trends

Industry Trends
Market Trends
Technology Trends

Section 10: Key Issues, Challenges & Risk Factors

Section 11: Strategic Market Outlook
11.1 Global Commercial Aircraft Market - 2023-2042 - Aircraft Deliveries Forecast - In Units and Value Terms
11.2 Global Commercial Aircraft Market - 2023-2042 - Aircraft Deliveries Forecast for Segments - In Units and Value Terms
11.2.1 Narrow Body Aircrafts
11.2.2 Wide Body Aircrafts
11.2.3 Regional Aircrafts - Jets and Turboprops
11.3 Global Commercial Aircraft Market - 2023-2042 - Aircraft Deliveries Forecast for Key Markets & Regions

For more information about this report visit https://www.researchandmarkets.com/r/dzlai5

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo - https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets