22 September 2017

Large Turboshaft Market Outlook

Author: William C. Storey, Jr., Drawn From: World Power Systems Briefing

Large Turboshaft Market Outlook

In terms of units produced over the next 10 years, turboshafts account for 23% of the overall aero turbine market. Measured by value of engines produced, the 'shaft segment is only 4% of the total market.

The joint kings of the turboshaft market are General Electric and French manufacturer Turbomeca, a subsidiary of the Safran Group. The former leads handily in terms of value of units delivered, but they are at parity when unit deliveries are considered.

General Electric accomplishes its place on the value podium with only two engines—the venerable T700/ CT7 and the new GE38, which isn't even on line yet—both primarily buoyed by US military business. The company is projected to account for $7.1 billion (or 37.9%) of the $18.9 billion market over the next 10 years.

GE is expected to claim 31.5% of the units produced during the same period. The T700/CT7 will lead all engine families by far in production numbers, as well as production value, over the next 10 years.

Safran Helicopter Engines offers seven of its own branded engines (now that it is full owner of the RTM322), as well as being part of one other consortium. The company will account for 30.8% of the units produced (Turbomeca branded only) over the next 10 years and 24.7% of the value (Turbomeca, plus consortium shares).

Pratt Canada then follows with a 14.2% share, followed by Rolls-Royce with 9.5%. Honeywell is a distance fifth with 6%.

About the Author

William C. Storey, Jr.

William C. Storey, Jr.

Bill is founder and president of Teal Group, a company he established in 1987 to provide business intelligence for the worldwide aerospace and defense community. The company currently comprises six analysts and several other support personnel. Primary activities focus on the forecast of the production of, and the markets for, a wide variety of aerospace and defense equipment, including military and civilian aircraft, missiles and smart munitions, spacecraft and launch vehicles, and electronics.

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