Europe Aircraft Engine Market Size & Outlook, 2023-2030
The aircraft engine market in Europe is expected to reach a projected revenue of US$ 32,115.7 million by 2030. A compound annual growth rate of 9.3% is expected of Europe aircraft engine market from 2024 to 2030.
Revenue, 2023 (US$M)
$17,190.7
Forecast, 2030 (US$M)
$32,115.7
CAGR, 2024 - 2030
9.3%
Report Coverage
Europe
Europe aircraft engine market highlights
- The Europe aircraft engine market generated a revenue of USD 17,190.7 million in 2023.
- The market is expected to grow at a CAGR of 9.3% from 2024 to 2030.
- In terms of segment, turboprop was the largest revenue generating engine in 2023.
- Turboprop is the most lucrative engine segment registering the fastest growth during the forecast period.
Europe data book summary
| Market revenue in 2023 | USD 17,190.7 million |
| Market revenue in 2030 | USD 32,115.7 million |
| Growth rate | 9.3% (CAGR from 2023 to 2030) |
| Largest segment | Turboprop |
| Fastest growing segment | Turboprop |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Turboprop |
Other key industry trends
- In terms of revenue, Europe region accounted for 30.5% of the global aircraft engine market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 34,256.8 million by 2030.
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Aircraft Engine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| New Hampshire Ball Bearings | View profile | 1001-5000 | Peterborough, New Hampshire, United States, North America | https://nhbb.com/ |
| Pratt & Whitney | View profile | 10001+ | Hartford, Connecticut, United States, North America | https://prattwhitney.com |
| Engine Alliance | View profile | 11-50 | East Hartford, Connecticut, United States, North America | http://www.enginealliance.com/ |
| Enjet Aero | View profile | 101-250 | Overland Park, Kansas, United States, North America | https://www.enjetaero.com |
| Advanced Atomization Technologies | View profile | 251-500 | Clyde, New York, United States, North America | https://advancedatomization.com |
| Rolls-Royce Holdings PLC | View profile | 41810 | 90 York Way, Kings Place, London, United Kingdom, N1 9FX | https://www.rolls-royce.com |
| MTU Aero Engines AG | View profile | 12170 | Dachauer Strasse 665, Munich, BY, Germany, 80995 | https://www.mtu.de |
| Safran SA | View profile | 83278 | 2, boulevard du General-Martial-Valin, Paris, France, 75015 | https://www.safran-group.com |
| Portland General Electric Co | View profile | 2842 | 121 South West Salmon Street, Portland, OR, United States, 97204 | https://www.portlandgeneral.com |
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