The global Aircraft Gearbox Market is projected to grow significantly from an estimated USD 2.6 billion in 2021 to USD 3.6 billion by 2026, with a CAGR of 6.9% during the forecast period. This growth is attributed to the increasing demand for new aircraft technologies and air traffic.
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The North American region will lead the market due to the replacement of existing air fleets with new ones and the growth of air traffic. Key manufacturers in the market include Liebherr (Switzerland), Safran (France), Rexnord Aerospace (US), Triumph Group (US), The Timken Company (US), and United Technologies Corporation (US). These companies have adopted various strategies to strengthen their position in the market such as product launches, contracts, partnerships, collaborations, expansions, acquisitions, and new product development activities.
Safran is a major player in the aircraft gearbox market that offers a wide range of gearboxes for various applications and has a strong customer base of aircraft manufacturers and airlines. The company continues to expand its product portfolio through new product launches. Rexnord Aerospace is a leading player in the aerospace industry and provides aircraft gearbox components such as bearings, seals, and gears. Triumph Group specializes in the development, manufacture, repair, and overhaul of aerostructures, aircraft components, and systems.
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