The Aircraft, Engine and Parts Manufacturing industry has regained altitude over the five years to 2017. As the global economy grew, demand for air travel climbed, causing demand for industry products to rise. In 2014, industry revenue finally surpassed prerecessionary levels. Over the next five years, rising global demand for commercial aircraft will benefit industry performance. Economic growth from both developed and emerging markets will drive global trade and consumer spending, which will increase global air travel. In addition, recovering fuel prices and aging aircraft fleets will push demand for new fuel-efficient planes. Consequently, the industry's position as both a source of complete aircraft and an important link in the global supply chain will allow companies to record strong revenue growth.
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.