2012-09-06 14:19:09 - Chinese aircraft manufacturing market driven by the increase in passenger and freight use
The Chinese aircraft manufacturing market has been increasing at a compound annual growth rate (CAGR) of 13.6% over the five years to 2012, and looks set to continue this trend to reach a market value of US$35.7 billion by 2015.Key factors contributing to growth within the Chinese aircraft manufacturing market include the increase in passenger and freight use, along with environmental standards stimulating aircraft replacement.However, the hesitance of foreign buyers to purchase Chinese aircrafts poses the biggest challenge in the Aircraft Manufacturing market in China. In 2012, the Chinese aircraft manufacturing industry is expected to maintain steady growth due to increasing demand from downstream airlines for aircrafts and repair services and the government for military and national defence aircraft. There
has also been increased government support for Chinese aircraft manufacturers to research, develop and build large aircraft.The compulsory purchase of Chinese-made aircraft by the Government and airlines has a major positive impact on the Chinese aircraft manufacturing market. The Aircraft Manufacturing industry in China has a low concentration level, with the top four players jointly accounting for less than 30% of total industry revenue in 2012.The development of this industry is largely controlled by the government, with many orders for aircraft coming from the government itself. Competition between the industry´s manufacturers is limited as they each produce different types of aircrafts and engines.Key players dominating the Chinese aircraft manufacturing market include Chengdu Aircraft Industrial Co. Ltd., Shenyang Aircraft Corp., Xi´an Aero-Engine (Group) Ltd. and Xi´an Aircraft Industry Co. Ltd.For more information on the Chinese aircraft manufacturing market, see the latest research: Chinese Aircraft Manufacturing Market ReportFollow us on Twitter @CandMResearch
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