Market Share of Europe Aircraft Engines Industry
The aircraft engine market in Europe is consolidated in nature, with a handful of engine OEMs such as Safran SA, Rostec, Rolls-Royce plc, Pratt & Whitney (RTX Corporation), General Electric Company, and CFM International dominating the market. Vendors must provide advanced and high-quality gas turbine engines to survive and succeed in the intensely competitive market environment. In-house manufacturing capabilities, a global footprint network, product offerings, R&D investments, and a strong client base are the key areas to have the edge over competitors. Also, engine manufacturers are partnering with aircraft manufacturers to develop sustainable aircraft engine solutions that have low weight and reduced engine emissions. In addition to this, due to increasing demand for local manufacturing, regional players are partnering with international players. Such developments are anticipated to help the companies increase their market presence over the coming years.
Europe Aircraft Engines Market Leaders
Safran SA
General Electric Company
Rostec
Pratt & Whitney (RTX Corporation)
Rolls-Royce plc
*Disclaimer: Major Players sorted in no particular order
