Latest Report Update: Oct 15, 2021

U.S. Aircraft Engine And Engine Parts Market. Analysis And Forecast to 2025
Update: COVID-19 Impact

Licenses

You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).

By clicking «Buy the Report», you agree to our Terms of Service, Privacy Policy and Licenses. We'll occasionally send you account related emails.

U.S.: Aircraft Engine Market Overview 2021

Aircraft Engine Market Size in the U.S.

The U.S. aircraft engine market contracted notably to $X in 2020, which is down by -X% against the previous year. Overall, consumption showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 when the market value increased by X% against the previous year. As a result, consumption reached the peak level of $X. from 2018 to 2020, the growth of the market failed to regain the momentum.

Aircraft Engine Production in the U.S.

In value terms, aircraft engine production totaled $X in 2020. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% year-to-year. Over the period under review, production reached the peak level in 2020 and is expected to retain growth in the immediate term.

Aircraft Engine Exports

Exports from the U.S.

In 2020, shipments abroad of aircraft engines and engine parts decreased by -X% to X units, falling for the second consecutive year after two years of growth. Overall, exports, however, showed a measured increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% year-to-year. Over the period under review, exports reached the peak figure at X units in 2018; however, from 2019 to 2020, exports remained at a lower figure.

In value terms, aircraft engine exports shrank to $X in 2020. Over the period under review, exports, however, posted a moderate expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Exports peaked at $X in 2019, and then dropped in the following year.

Exports by Country

Canada (X units), Japan (X units) and the UK (X units) were the main destinations of aircraft engine exports from the U.S., together accounting for X% of total exports.

From 2013 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Canada ($X) and Japan ($X) were the largest markets for aircraft engine exported from the U.S. worldwide, together accounting for X% of total exports.

Canada (+X% per year) saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average aircraft engine export price stood at $X per unit in 2020, picking up by X% against the previous year. Over the period under review, the export price, however, saw a mild contraction. The growth pace was the most rapid in 2019 an increase of X% y-o-y. Over the period under review, average export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was South Korea ($X per unit), while the average price for exports to Spain ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to South Korea, while the prices for the other major destinations experienced more modest paces of growth.

Aircraft Engine Imports

Imports into the U.S.

In 2020, approx. X units of aircraft engines and engine parts were imported into the U.S.; waning by -X% on 2019. In general, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. As a result, imports reached the peak of X units. from 2018 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, aircraft engine imports dropped dramatically to $X in 2020. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by X% year-to-year. As a result, imports attained the peak of $X, and then plummeted in the following year.

Imports by Country

France (X units), the UK (X units) and the Czech Republic (X units) were the main suppliers of aircraft engine imports to the U.S., together comprising X% of total imports. The Netherlands, Singapore, Canada, Poland, Mexico, Japan, Italy, China, Germany and Israel lagged somewhat behind, together comprising a further X 2013 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands, while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Canada ($X) and Germany ($X) appeared to be the largest aircraft engine suppliers to the U.S., together accounting for X% of total imports. These countries were followed by the UK, Singapore, Japan, Mexico, Poland, China, Italy, Israel, the Czech Republic and the Netherlands, which together accounted for a further X recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average aircraft engine import price amounted to $X per unit, rising by X% against the previous year. Overall, the import price posted a remarkable increase. The pace of growth was the most pronounced in 2018 when the average import price increased by X% y-o-y. The import price peaked in 2020 and is likely to see steady growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the leading suppliers of aircraft engines and engine parts to the U.S.?
+
In value terms, France ($3.2B), Canada ($2.8B) and Germany ($2.1B) were the largest aircraft engine suppliers to the U.S., with a combined 46% share of total imports. The UK, Singapore, Japan, Mexico, Poland, China, Italy, Israel, the Czech Republic and the Netherlands lagged somewhat behind, together accounting for a further 42%.
What are the leading importers of aircraft engines and engine parts from the U.S.?
+
In value terms, the largest markets for aircraft engine exported from the U.S. were South Korea ($289M), Canada ($228M) and Japan ($221M), with a combined 28% share of total exports.
What is the average export price for aircraft engines and engine parts in the U.S.?
+
The average aircraft engine export price stood at $299 per unit in 2020, increasing by 16% against the previous year.
What is the average import price for aircraft engines and engine parts in the U.S.?
+
The average aircraft engine import price stood at $340 per unit in 2020, picking up by 242% against the previous year.

Product coverage:
• NAICS 336412 - Aircraft engine and engine parts manufacturing

This report provides an in-depth analysis of the aircraft engine market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Companies mentioned:
• Honeywell International
• Rolls-Royce Corporation
• AAR Corp.
• Walbar
• Heico Corporation
• Chromalloy Gas Turbine
• Barnes Group
• Continental Motors
• Turbine Engine Components Technologies - Utica Corporation
• ITT Enidine
• Sifco Industries
• Triumph Composite Systems
• Edac Technologies Corporation
• Pratt and Whitney
• Cfan Company
• Meyer Tool
• GKN Aerospace Chem-Tronics
• GE Aviation Muskegon
• Avio
• CTS Electronic Components
• Sequa Corporation
• Valent Aerostructures
• Heligear Acquisition Co.
• Heico Aerospace Holdings Corp.
• Ducommun Aerostructures
• Strategic Industries
• Yulista Aviation
• Heico Aerospace Corporation
• Advanced Atomization Technologies
• Gb Aero Engine
• HM Dunn Aerosystems

Country coverage:
• USA

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2013–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2013–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2013–2020
Table 3:
Market Value, 2013–2020
Table 4:
Per Capita Consumption In 2013–2020
Table 5:
Imports, In Physical Terms, By Country, 2013–2020
Table 6:
Imports, In Value Terms, By Country, 2013–2020
Table 7:
Import Prices, By Country Of Origin, 2013–2020
Table 8:
Exports, In Physical Terms, By Country, 2013–2020
Table 9:
Exports, In Value Terms, By Country, 2013–2020
Table 10:
Export Prices, By Country Of Destination, 2013–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2013–2020
Figure 2:
Market Value, 2013–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2013–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2013–2020
Figure 5:
Trade Balance, In Physical Terms, 2013–2020
Figure 6:
Trade Balance, In Value Terms, 2013–2020
Figure 7:
Per Capita Consumption, 2013–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2013–2020
Figure 21:
Production, In Value Terms, 2013–2020
Figure 22:
Imports, In Physical Terms, 2013–2020
Figure 23:
Imports, In Value Terms, 2013–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2013–2020
Figure 26:
Imports, In Value Terms, By Country, 2013–2020
Figure 27:
Import Prices, By Country Of Origin, 2013–2020
Figure 28:
Exports, In Physical Terms, 2013–2020
Figure 29:
Exports, In Value Terms, 2013–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2013–2020
Figure 32:
Exports, In Value Terms, By Country, 2013–2020
Figure 33:
Export Prices, By Country Of Destination, 2013–2020

Solar Energy Market: Getting to Net-Zero amid Energy Crisis



Join our live webinar to get insights into the global solar energy market.



Thursday, November 4th, 2021 @ 03:00 pm ET


Register

Wind Energy Market: Getting to Net-Zero amid Energy Crisis



Join our live webinar to get insights into the global wind energy market.



Thursday, November 11th, 2021 @ 04:00 pm ET


Register

Biogas Market: Getting to Net-Zero amid Energy Crisis



Join our live webinar to get insights into the global biogas market.



Thursday, November 18th, 2021 @ 04:00 pm ET


Register
Ready to Get Started?
We can help you conduct market research and write a report using the most reliable data