2014-02-07 08:21:02 - Aircraft and Spacecraft in Australia: ISIC 353 - a new market research report on companiesandmarkets.com
Although facing a number of challenges, the Australian aircraft and spacecraft manufacturing market experienced 2% average annual growth over 2000-2010, and is expected to expand further in coming years.
Over the review period the total market size saw no clear growth pattern, tending to fluctuate. On average, growth was sluggish and market value was 7% higher in 2010 compared with 2000, reaching in excess of A$5 billion. Business purchases take the dominant share of the aerospace industry products and services market: accounting for 72% of total market value in 2000, business-to-business purchases exhibited volatile a year-on-year performance, and were responsible for 64% of the market value in 2010.
Unlikely direct B2B purchases, capital spending (investment) on aircraft and spacecraft increased by
an average of 6% annually, and in 2010 was worth nearly A$2 billion (34% share of the total market), exceeding the 2000 amount by 42%.
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