The Aircraft, Engine and Parts Manufacturing industry was finally able to regain altitude from the global downturn in the five years to 2016. The global downturn caused demand for air travel to decrease, as fewer people could afford to fly and businesses spent less, which resulted in declining demand for aircraft, engines and parts. In turn, the revenue of this export-driven industry plummeted. However, the global economic recovery, led by emerging market growth, restored the level of worldwide air travel and, subsequently, demand for industry products began to increase, eventually fully recovering. In the next five years, continued economic growth in emerging economies will push demand for aircraft as airlines increase their fleets to meet growing demand, and businesses need jets to conduct business abroad. Additionally, as the world price of crude oil remains volatile and environmental regulations become more stringent, demand for the industry's newest, cleanest and most fuel-efficient aircraft and engines will grow.
Industry operators provide one or more of the following: the manufacture of complete aircraft; the manufacture of aircraft engines, propulsion units and other related equipment or parts; the development and creation of aircraft prototypes; aircraft conversions (i.e. major modification to systems); and complete aircraft overhaul and rebuilding (i.e. periodic restoration of aircraft to original design specifications).
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.