Apr 18, 2019   SOURCE: BusinessWire

Global Piston Engine Aircraft Market: Growth, Trends and Forecast (2019-2024) - ResearchAndMarkets.com

The "Piston Engine Aircraft Market - Growth, Trends, and Forecast (2019 - 2024)" report has been added to ResearchAndMarkets.com's offering.

The piston engine aircraft market is anticipated to register a CAGR of above 0.5% during the forecast period.

The market is mainly driven by the advantage of fuel efficiency of the engine with high compression ratio, high heat, and low fuel consumption. The increase in training aircraft procurement is driving the growth of the piston engine aircraft market. Despite their simplicity, reliability, and easy maintenance, the short life cycle of the engines is one of the significant reason hindering the growth of the market.

Key Market Trends

Single Engine segment dominates in terms of market share

The single engine segment currently dominates the market and is expected to continue its domination in terms of market share over the forecast period. This is due to the increase in the procurement of single engine piston aircraft for training purposes, agricultural applications like the aerial application of pesticides or fertilizers and hydro-seeding, and commercial and military applications.

Asia-Pacific region is anticipated to experience the highest growth

The Asia-Pacific region is anticipated to register the highest growth rate during the forecast period. This growth is due to the increase in aircraft procurements to cater to the growing passenger traffic in this region from countries like China, India, Indonesia, Vietnam, and Australia, among others.

Competitive Landscape

The prominent players in the piston engine aircraft market are Cirrus Aircraft, Diamond Aircraft, Piper Aircraft Inc., TECNAM Aircraft, and Textron Inc. Cirrus Aircraft, Textron Inc., and TECNAM Aircraft delivered the highest number of piston engine aircraft in 2018. In order to gain a competitive edge the market players are investing heavily in their R&D activities and are launching cost-effective piston engines.

Key Topics Covered

1 INTRODUCTION

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.3 Market Restraints

4.4 Porter's Five Forces Analysis

5 MARKET SEGMENTATION

5.1 Type

5.1.1 Single Engine

5.1.2 Multi Engine

5.2 Maximum Take-Off Weight

5.2.1 Less Than 1000 Kg

5.2.2 1000-2000 Kg

5.2.3 More Than 2000 Kg

5.3 Geography

5.3.1 North America

5.3.2 Europe

5.3.3 Asia-Pacific

5.3.4 Rest of the World

6 COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations and Agreements

6.2 Vendor Market Share

6.3 Strategies Adopted by Leading Players

6.4 Company Profiles

6.4.1 Cirrus Aircraft

6.4.2 Diamond Aircraft

6.4.3 Piper Aircraft Inc.

6.4.4 TECNAM Aircraft

6.4.5 Textron Inc.

6.4.6 American Champion

6.4.7 AVIC General

6.4.8 CubCrafters

6.4.9 Discovery Aviation

6.4.10 Flight Design GmbH

6.4.11 ICON Aircraft

6.4.12 Mooney International Corporation

6.4.13 Pipistrel

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/82ufzt