How big is the Turboprop Engine Market?

The Turboprop Engine Market size is expected to reach USD 23.80 billion in 2024 and grow at a CAGR of 3.71% to reach USD 28.55 billion by 2029. Read More

What is the current Turboprop Engine Market size?

In 2024, the Turboprop Engine Market size is expected to reach USD 23.80 billion. Read More

Who are the key players in Turboprop Engine Market?

Rolls-Royce plc, Safran, Honeywell International, Inc., RTX Corporation and General Electric Company are the major companies operating in the Turboprop Engine Market. Read More

Which is the fastest growing region in Turboprop Engine Market?

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Turboprop Engine Market?

In 2024, the North America accounts for the largest market share in Turboprop Engine Market. Read More

What years does this Turboprop Engine Market cover, and what was the market size in 2023?

In 2023, the Turboprop Engine Market size was estimated at USD 22.92 billion. The report covers the Turboprop Engine Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Turboprop Engine Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Turboprop Engine Market Share

Statistics for the 2023 & 2024 Turboprop Engine market share, created by Mordor Intelligence™ Industry Reports. Turboprop Engine share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Turboprop Engine Industry

The turboprop engine market is consolidated, with the presence of a few turboprop engine OEMs, who occupy a majority of the market share. Some prominent market players are RTX Corporation, Rolls-Royce plc, Safran, General Electric Company, and Honeywell International, Inc. Engine manufacturers and OEMs enjoy long-term contracts for providing products and services, making it difficult for new players to enter and sustain themselves in the market. Significant investment into R&D of advanced technologies like additive manufacturing and incorporation of automation and AI to increase the production rate of the engines are expected to help the players ramp up their production capacity, thereby supporting their growth during the forecast period.