Over the five years to 2017, the Global Commercial Aircraft Manufacturing industry has managed to fly through the slow postrecessionary recovery and reach new altitudes. While the industry did initially suffer from the global downturn, the scale of the decline was greatly mitigated by long lead times in aircraft manufacturing. Airlines typically order planes in expectation of future demand and do not receive orders until months, or even years, later. This production backlog sustains the industry when economic growth is poor. As a result, the industry did not have too much ground to recover relative to other industrial sectors. As in the past five years, demand for industry products will be driven by increasing air travel in emerging markets and fleet replacement in developed ones over the next five years. However, the recent economic slowdown in emerging markets, lower oil prices, a stronger dollar, expected rising interest rates and a potential oversupply represent headwinds for operators.
The Global Commercial Aircraft Manufacturing industry produces complete civilian aircraft, including aerospace engines, propulsion units, auxiliary equipment and parts. Prototypes of aerospace products, aircraft conversions and complete aircraft or propulsion systems overhaul and rebuilding are also included. Military aircraft manufacturing and related services are not included in this industry.
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.