Aircraft, Engine & Parts Manufacturing in Canada
The Aircraft, Engine and Parts Manufacturing industry in Canada has rapidly expanded for most of the past five years, despite volatile profitability. As the global economy grew, led by emerging market growth, demand for air travel increased. Consequently, demand for industry products climbed, bringing the industry to new heights. Over the five years to 2023, IBISWorld expects industry revenue to increase. Despite the recent slowdown, the global economy is anticipated to continue growing, increasing air travel and demand for industry products. Even demand for business aircraft, which has been weak over the past five years, is anticipated to slowly climb in light of economic 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.
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