The import of turbo-propeller engines with power exceeding 1100 kW to India is projected to exhibit consistent growth from 2024 to 2028. In 2023, the imports stood at 85 thousand kilograms. Expected values suggest an annual increase, starting from 88.85 thousand kilograms in 2024 to 102.48 thousand kilograms in 2028. Year-on-year growth rates are forecasted at approximately 4% to 3.3% during this period. Over the five-year span, the compound annual growth rate (CAGR) is anticipated to average around 3.8%, indicating a strong upward trend.
Future trends to watch:
- Advancements in aviation technology could alter the demand and specifications of imports.
- Trade policies and bilateral agreements might impact the volume and value of imports.
- Environmental regulations could shift the preference toward more efficient or alternative power engines.