Aircraft Engine Shaft Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Engine Type (Turboprop, Turbofan, Turboshaft, Piston), By Material (Steel, Iron), By Aircraft Type (Narrow Body Aircrafts, Wide Body Aircrafts, Regional Aircrafts, Business Aircrafts, Rotorcrafts, Fighter aircrafts), By Application (Commercial, Military), and By Region 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 0.95 Billion
CAGR (2026-2031)	4.96%
Fastest Growing Segment	Turbofan
Largest Market	North America
Market Size (2031)	USD 1.27 Billion

Market Overview

The Global Aircraft Engine Shaft Market will grow from USD 0.95 Billion in 2025 to USD 1.27 Billion by 2031 at a 4.96% CAGR. The Global Aircraft Engine Shaft Market comprises the production of high-strength rotating components designed to transmit torque between the turbine and compressor sections within propulsion systems. These shafts are critical for engine performance, necessitating exceptional durability to withstand extreme rotational speeds and thermal stress. The market is primarily driven by the escalating demand for new commercial and military aircraft, necessitated by the widespread replacement of aging fleets and a global surge in air passenger traffic. Additionally, the imperative for improved fuel efficiency compels airlines to invest in next-generation engines, thereby directly increasing the requirement for these integral components.

However, market expansion confronts a significant impediment in the form of supply chain volatility, particularly regarding the availability of aerospace-grade raw materials and specialized forging capacity. These disruptions frequently result in production delays and elevated manufacturing costs, hindering the ability of suppliers to meet delivery schedules. This operational strain is intensified by the industry's massive outstanding requirements; according to the International Air Transport Association, in 2024, the cumulative backlog of unfulfilled new aircraft orders reached a record high of 17,000 units. Such a discrepancy between immediate manufacturing capabilities and sustained industry demand poses a substantial challenge to seamless market growth.

Key Market Drivers

The expansion of commercial aircraft fleets serves as a primary catalyst for the Global Aircraft Engine Shaft Market, fundamentally reshaping production priorities. As airlines aggressively modernize operations to accommodate rising traveler volumes and retire less efficient models, the production rates of turbofan engines have intensified to unprecedented levels. This operational scaling necessitates a parallel increase in the manufacturing of critical low-pressure and high-pressure shafts designed to manage complex rotational dynamics and structural loads. According to Boeing, July 2024, in the 'Commercial Market Outlook 2024-2043', the aviation sector projects a long-term global demand for 43,975 new commercial airplanes over the next 20 years to address capacity needs and replace aging inventory.

Concurrently, increased defense budgets for aerial warfare capabilities are significantly bolstering market requirements for high-performance engine components. Governments are prioritizing the acquisition of next-generation fighter jets and military transport vehicles, which require specialized engine shafts capable of withstanding higher torque and thermal loads than standard civilian counterparts. According to the Stockholm International Peace Research Institute, April 2024, in the 'Trends in World Military Expenditure, 2023' Fact Sheet, total global military spending surged by 6.8 percent in real terms to reach 2,443 billion USD, reflecting a heightened investment in defense technologies including aerial propulsion. This surge in procurement activity extends across the propulsion supply chain, ensuring sustained demand for component suppliers; according to GE Aerospace, in 2024, the company reported total orders of 79.2 billion USD for the full year 2023, underscoring the robust financial momentum supporting engine component manufacturing.

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Key Market Challenges

Supply chain volatility, specifically the scarcity of aerospace-grade raw materials and limited specialized forging capacity, stands as a critical impediment directly hampering the growth of the Global Aircraft Engine Shaft Market. These shafts require high-performance materials, such as titanium and nickel-based superalloys, alongside precision forging to withstand extreme rotational forces. Current shortages of these specific inputs create severe production bottlenecks, as manufacturers cannot complete the assembly of propulsion systems without these integral components. Consequently, the inability to secure raw materials and forging slots prevents suppliers from converting the industry’s massive order backlog into realized revenue, effectively placing a hard cap on market expansion.

This operational strain halts the entire aerospace value chain, causing significant delays in final product delivery despite robust demand. The magnitude of this constraint is evident in recent industry output figures. According to the International Air Transport Association, in 2024, global aircraft deliveries fell to 1,254 units, a level approximately 30% below pre-pandemic production peaks. This contraction in deliveries, driven primarily by the inability to source essential engine components like shafts rather than a lack of orders, demonstrates how supply chain fractures are actively suppressing the market's growth trajectory.

Key Market Trends

The Development of Specialized Shafts for Geared Turbofan Engine Configurations is fundamentally altering the market's technological landscape. Unlike conventional direct-drive architectures, geared turbofan engines decouple the fan from the low-pressure compressor and turbine, necessitating a complex system of high-performance shafts and gearboxes to manage disparate rotational speeds. This architecture significantly enhances propulsive efficiency and reduces noise, driving a surge in demand for the specialized, high-torque shafts required to support these advanced propulsion systems. The market viability of this trend is evidenced by the robust commercial intake for such configurations; according to RTX, July 2024, in the 'Pratt & Whitney GTF Engines Surpass 950 Orders and Commitments in 2024' press release, the company secured more than 950 orders and commitments for its geared turbofan engines since the beginning of the year, directly signaling a sustained production requirement for these distinct shaft components.

Simultaneously, the Implementation of Digital Twin Technology for Predictive Shaft Maintenance is emerging as a critical value-add service for engine operators. This trend involves the integration of sensor-embedded shafts that transmit real-time data on torque, vibration, and thermal stress to a virtual model, enabling operators to transition from fixed-schedule overhauls to condition-based maintenance strategies. By predicting component fatigue before failure occurs, airlines can maximize the lifecycle of these expensive rotating parts and reduce unplanned downtime. The financial imperative for such advanced monitoring solutions is underscored by the booming aftermarket sector; according to GE Aerospace, January 2025, in the 'Fourth Quarter 2024 Financial Results', total orders for commercial engines and services grew by 38 percent for the full year, creating a massive installed base that necessitates efficient, data-driven maintenance protocols to manage operational reliability.

Segmental Insights

The Turbofan segment is recognized as the fastest-growing category in the Global Aircraft Engine Shaft Market due to sustained demand for commercial aviation. Airlines are systematically replacing older fleets to comply with rigorous environmental standards set by the International Civil Aviation Organization. This regulatory pressure accelerates the adoption of fuel-efficient turbofan engines that require durable shafts to function effectively. As aircraft manufacturers increase production rates to meet global travel needs the reliance on these specific engine types intensifies. Consequently the turbofan segment continues to lead market development through consistent industrial demand.

Regional Insights

North America holds the leading position in the Global Aircraft Engine Shaft Market, supported by the strong presence of key original equipment manufacturers such as General Electric and Pratt & Whitney. The region benefits from a well-developed aerospace supply chain and substantial defense expenditure that creates continuous demand for engine components. Furthermore, strict safety protocols enforced by the Federal Aviation Administration drive regular maintenance and replacement cycles for commercial and military fleets. These factors collectively establish North America as the primary center for aircraft engine shaft production and consumption.

Recent Developments

• In September 2025, Godrej Aerospace entered into a significant five-year contract with Safran Aircraft Engines to manufacture complex components for the LEAP engine family. Under this agreement, the company is tasked with producing titanium-based ventilation assemblies that are located within the main turbine shaft of the engine. These critical parts require advanced manufacturing precision and strict adherence to quality standards due to their location in the rotating section of the powerplant. This collaboration reinforces the company's position in the global aerospace supply chain and supports the production of one of the industry's best-selling commercial aircraft engines.
• In August 2025, Magellan Aerospace reported its financial results for the second quarter, highlighting specific growth within its United States operations linked to the engine component market. The company disclosed that revenue in the US region increased compared to the same period in the previous year, primarily driven by higher sales of aircraft engine shafts. This increase in engine shaft revenues, combined with favourable foreign exchange impacts, played a crucial role in offsetting lower revenues from single-aisle aircraft programs. The announcement underscored the continued strong demand for the company's manufactured rotating parts and its integral role in the supply chain for major engine programs.
• In September 2024, Safran Aircraft Engines announced the acquisition of Component Repair Technologies, a United States-based firm specialized in the repair of complex aircraft engine parts. This strategic collaboration was intended to enhance the company's global maintenance, repair, and overhaul (MRO) network, specifically bolstering capabilities in the Americas. The acquired facility is renowned for its expertise in repairing large engine components, including cases and critical rotating parts such as shafts for the CFM56, LEAP, and other large turbofan engines. This investment aimed to support the growing aftermarket demand for LEAP-powered aircraft by securing high-quality repair services for essential engine structures.
• In January 2024, IHI Corporation announced a major research breakthrough by developing the world's first one-megawatt-class electric motor designed to be mounted inside a jet engine tail cone. This innovative electric machine was engineered to connect directly to the engine shaft, a configuration that allows for efficient power generation and potential hybrid-electric propulsion capabilities. The company successfully confirmed the system's performance at a testing facility, verifying that the anticipated revolutions per minute could be attained when the motor was linked to the engine shaft. This development serves as a key step toward reducing aircraft carbon dioxide emissions through advanced electrification technologies.

Key Market Players

• Rolls-Royce Holdings
• General Electric Aerospace
• Safran Aircraft Engines
• Pratt & Whitney
• MTU Aero Engines
• Kawasaki Heavy Industries
• GKN Aerospace
• IHI Corporation
• Parker Hannifin
• Collins Aerospace

By Engine Type	By Material	By Aircraft Type	By Application	By Region
Turboprop Turbofan Turboshaft Piston	Steel Iron	Narrow Body Aircrafts Wide Body Aircrafts Regional Aircrafts Business Aircrafts Rotorcrafts Fighter aircrafts	Commercial Military	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Aircraft Engine Shaft Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Aircraft Engine Shaft Market, By Engine Type:

• Turboprop
• Turbofan
• Turboshaft
• Piston

• Aircraft Engine Shaft Market, By Material:

• Steel
• Iron

• Aircraft Engine Shaft Market, By Aircraft Type:

• Narrow Body Aircrafts
• Wide Body Aircrafts
• Regional Aircrafts
• Business Aircrafts
• Rotorcrafts
• Fighter aircrafts

• Aircraft Engine Shaft Market, By Application:

• Commercial
• Military

• Aircraft Engine Shaft Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE