Turbofan Engines Industry Set to Grow at a 17.2% CAGR, Expected to...

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2024-12-17 11:22:56 -

Turbofan Engines Industry Set to Grow at a 17.2% CAGR, Expected to Reach USD 5.1 Billion by 2032

The turbofan engines industry was valued at USD 1.05 billion in 2022, experiencing a 6.3% year-on-year growth. The market is forecasted to expand at a robust Compound Annual Growth Rate (CAGR) of 17.2% from 2022 to 2032, reaching an estimated USD 5.1 billion by the end of the forecast period. Strong demand is expected to continue in the commercial sector, particularly for wide-body...

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