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C&M: Australian market for commercial aircraft manufacturing driven by growth in tourism

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Commercial Aircraft Manufacturing Market in Australia 2014-2018 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-03-20 15:32:03
Australia is a potential market for the manufacture of commercial aircraft parts and MRO services. Currently, there is no company in Australia that completely manufactures commercial aircraft. Thus, the country relies on the import of commercial aircraft from other countries such as the US and the UK. However, there are some vendors in Australia that manufacture commercial aircraft parts for Airbus SAS and The Boeing Co. Ferra Engineering Pvt. Ltd. is one such player in the country.

The Commercial Aircraft Manufacturing market in Australia is expected is to grow at a steady rate during the period 2014-2018. The manufacturing of aircraft parts has gained momentum in the recent years and the demand for aircraft parts is expected to increase in the coming years. The Commercial Aircraft Parts Manufacturing market in Australia is expected is to grow at a CAGR of 7.65 percent during the forecast period. The MRO market in Australia is expected is to grow at a CAGR of 5.08 percent during the forecast period.

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