Worldwide Aircraft Pumps Industry to 2028 - Featuring Parker Hannifin, Eaton and Safran Among Others
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Worldwide Aircraft Pumps Industry to 2028 - Featuring Parker Hannifin, Eaton and Safran Among Others
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
by Type (Hydraulic Fluid, Engine Oil, Grease, and Special Lubricants & Additives), Technology (Mineral Based, and Synthetic), End User (OEM, and Aftermarket), Application (Hydraulic Systems, Engine, Landing Gear, Airframe, and Others), and by Platform (Commercial Aviation, Military Aviation, and Business & General Aviation): Global Opportunity Analysis and Industry Forecast, 2020–2027. According to the report, the global aviation lubricants industry generated $2.24 billion in 2019, and is expected to reach $2.84 billion by 2027, witnessing a CAGR of 6.2% from 2020 to 2027.
Prime determinants of growth
Increase in number of airline passengers, rise in consumption of synthetic lubricants, and surge in number of airports drive the growth of the global aviation lubricants market. However, contamination in lubricants hinders the growth of the market. On the other hand, demand for low-density lubricants and development of safe and eco-friendly lubricants create new growth opportun