Aircraft Engine Market to Reach $97.12 Billion by 2026; Increasing Rate of Air Travel to Fuel Market Growth

The global aircraft engine market size is projected to reach USD 97.12 billion by 2026, exhibiting a CAGR of 4.16% during the forecast period. Growing demand for air travel worldwide is foreseen to be one of the primary forces fueling this market. Air travel today has become affordable to the average middle person and in the near future, this type of travel is expected to get even more easy on the pocket. One of the main reasons for this is the swelling numbers of the middle class across the globe. Many organizations estimate that in the next decade, approximately 200 million people will enter the middle class bracket.