The forecasted export values of gas turbine engines from the UK are as follows: $28.384 billion in 2024, $29.089 billion in 2025, $29.78 billion in 2026, $30.456 billion in 2027, and $31.12 billion in 2028. The year-on-year percentage variations are:
- 2024 to 2025: 2.48%
- 2025 to 2026: 2.38%
- 2026 to 2027: 2.27%
- 2027 to 2028: 2.18%
The Compound Annual Growth Rate (CAGR) over the five years is approximately 2.39%.
Future Trends to Watch: The steady growth trend suggests a robust demand for UK-manufactured gas turbine engines. Key factors to watch include technological advancements, global energy transitions towards greener alternatives, geopolitical trade relations, and competition from emerging markets.
