C&M: Chinese industry for commercial aircraft to be driven by rapid economic growth in the country
Commercial Aircraft Market in China 2014-2018 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-18 09:00:03
China has emerged as the world´s second largest country for the Aviation market. With a GDP growth rate of more than 7 percent, the country exhibits excellent opportunities, especially in the Aerospace market. Owing to this tremendous growth, there has been an increase in demand for commercial aircrafts by airline companies. The Chinese government is also increasingly encouraging Chinese companies to manufacture indigenous commercial aircrafts to meet the rising demand and also to boost the economic growth of the country. An increase in the Manufacturing sector would enhance the employment rates and GDP of the country.
The Commercial Aircraft market in China is growing steadily. The Commercial Aircraft Manufacturing market in China, the Commercial Aircraft Parts Manufacturing market in China, and the MRO market in China are growing at a CAGR of 3.78 percent, 9.37 percent, and 7.19 percent, respectively, during the period 2013-2018.
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