ATR dominates the turboprop aircraft market, with 1,231 of its aircraft currently in-service, according to Aviation Week's Fleet & MRO Forecast data. By 2028, this is expected to rise steadily to 1,738 in-service aircraft.
A Small but Vibrant MRO Segment
Given the relatively few ATR aircraft in-service, its aftermarket is inevitably smaller than those of Boeing, Airbus, Embraer and Bombardier. However, there will still be plenty of work related to ATR aircraft over the next decade. Aviation Week values the ATR aftermarket at $13.8 billion from 2019 to 2028, with a growth rate of 4.1%.
Pratt & Whitney Canada
With its PW100 engine dominating the tubroprop segment, Pratt & Whitney Canada is the third largest engine manufacturer this year by market share. Aviation Week estimates a 12% share of the market with nearly 7,000 engines in-service.
Asia-Pacific accounts for more than one third of ATR's global fleet and represents its largest market. 451 aircraft are in-service in the region, nearly double than that of second place Western Europe. By 2028, Aviation Week predicts 722 ATRs will be in-service in Asia-Pacific.
Fleet Growth Expected in China
Over the next 10 years, China is expected to lead the way in ATR fleet growth. Aviation Week projects a 12.98% compound annual growth rate over from 2019 to 2028. Following China will another fast developing aviation region in India. Aviation Week data foresees a 10.47% CAGR over 10 years.