Global Commercial Turboprop Aircrafts Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Engine Power;

Less than 500, 500 to 700 and More than 700.

By Seat Capacity;

Small (20 to 50 seats), Medium (50 to 90 seats) and Large (90+).

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn701330793 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Commercial Turboprop Aircrafts Market (USD Million), 2021 - 2031

In the year 2024, the Global Commercial Turboprop Aircrafts Market was valued at USD 10352.46 million. The size of this market is expected to increase to USD 12732.22 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.0%.

The global commercial turboprop aircraft market has witnessed significant growth in recent years, fueled by a combination of technological advancements, increasing demand for regional connectivity, and the emergence of new market players. Turboprop aircraft, known for their versatility and efficiency, have become a preferred choice for regional airlines, corporate operators, and government agencies worldwide.

One of the key drivers propelling the market forward is the rising demand for cost-effective and fuel-efficient aircraft solutions, particularly in regions with underdeveloped infrastructure or challenging terrain. Turboprops offer superior fuel efficiency compared to jet aircraft, making them an attractive option for short-haul routes and operations into airports with shorter runways. Additionally, advancements in engine design and aerodynamics have led to improvements in performance, reliability, and maintenance, further enhancing the appeal of turboprop aircraft to operators.

The increasing focus on sustainability and environmental responsibility has prompted airlines and operators to explore more eco-friendly alternatives. Turboprop aircraft, with their lower carbon emissions and noise levels compared to jets, align well with these objectives, driving adoption across various market segments. Additionally, government initiatives promoting regional connectivity and economic development are expected to bolster demand for turboprop aircraft in emerging markets.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Engine Power
    2. Market Snapshot, By Seat Capacity
    3. Market Snapshot, By Region
  4. Global Commercial Turboprop Aircrafts Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Fuel Efficiency
        2. Regional Connectivity Demand
        3. Technological Advancements
        4. Environmental Regulations
      2. Restraints
        1. Competition from Regional Jets
        2. Infrastructure Limitations
        3. Perception Challenges
        4. Economic Uncertainty
      3. Opportunities
        1. Market Expansion in Emerging Economies
        2. Modernization of Existing Fleets
        3. Special Mission Applications
        4. Hybrid and Electric Propulsion
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Commercial Turboprop Aircrafts Market, By Engine Power, 2021 - 2031 (USD Million)
      1. Less than 500
      2. 500 to 700
      3. More than 700
    2. Global Commercial Turboprop Aircrafts Market, By Seat Capacity, 2021 - 2031 (USD Million)
      1. Small (20 to 50 seats)
      2. Medium (50 to 90 seats)
      3. Large (90+)
    3. Global Commercial Turboprop Aircrafts Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacifi
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Air Tractor
      2. Daher
      3. Piaggio Aerospace
      4. Pilatus
      5. Piper Aircraft Inc
      6. Textron Aviation
      7. Thrush Aircraft LLC
      8. ATR
      9. Airbus SE
      10. Lockheed Martin Corporation
      11. Viking Air Ltd
      12. Northrop Grumman Corporation
      13. Embrear SA
  7. Analyst Views
  8. Future Outlook of the Market