Aircraft Engine Market Overview in the USA
In value terms, aircraft engine production totaled $ in 2019. The total output value increased at an average annual rate of +% over the period from 2013 to 2019; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2014 with an increase of % y-o-y. Over the period under review, production hit record highs in 2019 and is likely to continue growth in the immediate term.
The value of the aircraft engine market in the U.S. soared to $ in 2019, increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a prominent expansion. The most prominent rate of growth was recorded in 2017 when the market value increased by % y-o-y. As a result, consumption reached the peak level of $. From 2018 to 2019, the growth of the market failed to regain the momentum.