HOME Research Insight Contracts were the Key Strategy Adopted by the Leading Players to Achieve Growth in the Aircraft Propeller System Market

Contracts were the Key Strategy Adopted by the Leading Players to Achieve Growth in the Aircraft Propeller System Market

Contracts are the widely adopted growth strategy by the leading players in the aircraft propeller system market to enhance their market position and increase their service offerings. Hartzell Propeller (US), MT-Propeller (Germany), Dowty Propellers (UK), McCauley Propeller Systems (US), Airmaster Propellers (New Zealand), FP Propeller S.r.l. (Italy), and Ratier-Figeac (France) are some of the leading players in the aircraft propeller system market, who have adopted this strategy to enhance their business positions

Hartzell Propeller (US) is a major player in the aircraft propeller system market. The company focuses on obtaining new contracts through its extensive R&D activities. For instance, in 2014, Hartzell Propeller signed a 5-year agreement with Quest Aircraft (US) to supply Hartzell propellers for its Quest KODIAK turboprop aircraft. The company has a comprehensive product portfolio that consists of various aircraft propeller systems for use in various types of aircraft employed for civil & commercial and military applications. It offers next-generation propellers, which incorporate the latest blended airfoil technologies for their high-quality performance. These propellers have high strength and durability. The company not only manufactures aircraft but also develops their support infrastructure and imparts initial training to crew and aircraft maintenance staff. With its extensive product portfolio, Hartzell also emphasizes on partnerships with various other companies across different regions to promote and include its products in their respective product portfolios.

MT-Propeller (Germany) accounted for the second-largest share of the aircraft propeller system market in 2016, owing to its strong product line in the market. MT-Propeller develops and manufactures highly technical tried-and-tested products and systems for a variety of civil & commercial applications. The company offers products and services for a wide variety of aircraft using turboprop engines. The company mainly focuses on expanding its product portfolio and widening its market presence by acquiring contracts. For instance, in 2014, MT-Propeller (US) received a contract from NASA (US) to provide aircraft propellers and their components for its experimental aircraft.

Related Reports:

Aircraft Propeller System Market by End-Use Industry (OEM, Aftermarket), Propeller Type (Fixed Pitch, Varying Pitch), Aircraft Type (Military, Civil & Commercial), Component (Blade, Hub, Spinner, Others), & Region - Global Forecast to 2022

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