Latest Report Update: Jul 4, 2020

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

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U.S.: Aircraft Engine Market Overview 2020

Aircraft Engine Market Size in the U.S.

The U.S. aircraft engine market surged to $X in 2019, picking up by X% against the previous year. Overall, consumption saw a remarkable increase. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. As a result, consumption reached the peak level of $X. From 2018 to 2019, the growth of the market failed to regain the momentum.

Aircraft Engine Production in the U.S.

In value terms, aircraft engine production rose to $X in 2019. The total output value increased at an average annual rate of +X% from 2013 to 2019; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Over the period under review, production reached the maximum level in 2019 and is expected to retain growth in the near future.

Aircraft Engine Exports

Exports from the U.S.

In 2019, shipments abroad of aircraft engines and engine parts decreased by -X% to X units for the first time since 2016, thus ending a two-year rising trend. In general, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when exports increased by X% year-to-year. Exports peaked at X units in 2018, and then dropped remarkably in the following year.

In value terms, aircraft engine exports reduced notably to $X in 2019. Over the period under review, exports faced a drastic downturn. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure at $X in 2018, and then dropped sharply in the following year.

Exports by Country

Canada (X units) was the main destination for aircraft engine exports from the U.S., with a X% share of total exports. Moreover, aircraft engine exports to Canada exceeded the volume sent to the second major destination, Spain (X units), more than tenfold. The Czech Republic (X units) ranked third in terms of total exports with a X% share.

From 2013 to 2019, the average annual growth rate of volume to Canada amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+X% per year) and the Czech Republic (+X% per year).

In value terms, Canada ($X) remains the key foreign market for aircraft engine exports from the U.S., comprising X% of total exports. The second position in the ranking was occupied by Portugal ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2013 to 2019, the average annual growth rate of value to Canada stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (-X% per year) and Poland (+X% per year).

Export Prices by Country

In 2019, the average aircraft engine export price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price, however, showed a abrupt descent. Over the period under review, average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Portugal ($X per unit), while the average price for exports to Indonesia ($X per unit) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Portugal, while the prices for the other major destinations experienced a decline.

Aircraft Engine Imports

Imports into the U.S.

In 2019, aircraft engine imports into the U.S. soared to X units, increasing by X% on 2018. Overall, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2019, the growth imports remained at a somewhat lower figure.

In value terms, aircraft engine imports soared to $X in 2019. Over the period under review, total imports indicated a prominent increase from 2013 to 2019: its value increased at an average annual rate of +X% over the last six years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2013 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2019, France (X units) constituted the largest aircraft engine supplier to the U.S., accounting for a X% share of total imports. Moreover, aircraft engine imports from France exceeded the figures recorded by the second-largest supplier, Belgium (X units), twofold. Sweden (X units) ranked third in terms of total imports with a X% share.

From 2013 to 2019, the average annual growth rate of volume from France amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+X% per year) and Sweden (+X% per year).

In value terms, France ($X) constituted the largest supplier of aircraft engine to the U.S., comprising X% of total imports. The second position in the ranking was occupied by Canada ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2013 to 2019, the average annual rate of growth in terms of value from France stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+X% per year) and the UK (+X% per year).

Import Prices by Country

In 2019, the average aircraft engine import price amounted to $X per unit, waning by -X% against the previous year. Overall, the import price continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit, and then fell remarkably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was the UK ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the leading suppliers of aircraft engines and engine parts to the U.S.?
+
In value terms, France ($8.7B) constituted the largest supplier of aircraft engine to the U.S., comprising 30% of total imports. The second position in the ranking was occupied by Canada ($3.8B), with a 13% share of total imports. It was followed by the UK, with a 10% share.
What are the leading importers of aircraft engines and engine parts from the U.S.?
+
In value terms, Canada ($293M) remains the key foreign market for aircraft engine exports from the U.S., comprising 36% of total exports. The second position in the ranking was occupied by Portugal ($56M), with a 6.9% share of total exports. It was followed by Poland, with a 6.2% share.
What is the average export price for aircraft engines and engine parts in the U.S.?
+
In 2019, the average aircraft engine export price amounted to $161 per unit, jumping by 22% against the previous year.
What is the average import price for aircraft engines and engine parts in the U.S.?
+
In 2019, the average aircraft engine import price amounted to $97 per unit, waning by -59.7% 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 2013–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2013–2019
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 2019
Table 2:
Market Volume, In Physical Terms, 2013–2019
Table 3:
Market Value, 2013–2019
Table 4:
Per Capita Consumption In 2013–2019
Table 5:
Imports, In Physical Terms, By Country, 2013–2019
Table 6:
Imports, In Value Terms, By Country, 2013–2019
Table 7:
Import Prices, By Country Of Origin, 2013–2019
Table 8:
Exports, In Physical Terms, By Country, 2013–2019
Table 9:
Exports, In Value Terms, By Country, 2013–2019
Table 10:
Export Prices, By Country Of Destination, 2013–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2013–2019
Figure 2:
Market Value, 2013–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2013–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2013–2019
Figure 5:
Trade Balance, In Physical Terms, 2013–2019
Figure 6:
Trade Balance, In Value Terms, 2013–2019
Figure 7:
Per Capita Consumption, 2013–2019
Figure 8:
Market Forecast To 2025
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, 2013–2019
Figure 21:
Production, In Value Terms, 2013–2019
Figure 22:
Imports, In Physical Terms, 2013–2019
Figure 23:
Imports, In Value Terms, 2013–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2013–2019
Figure 26:
Imports, In Value Terms, By Country, 2013–2019
Figure 27:
Import Prices, By Country Of Origin, 2013–2019
Figure 28:
Exports, In Physical Terms, 2013–2019
Figure 29:
Exports, In Value Terms, 2013–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2013–2019
Figure 32:
Exports, In Value Terms, By Country, 2013–2019
Figure 33:
Export Prices, By Country Of Destination, 2013–2019

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