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Global aircrafts market: 6.3% CAGR forecast between 2012-16

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Global Aircrafts Market 2012-2016 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-04-17 04:52:04
The Global Aircrafts market is to grow at a CAGR of 6.32 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing revenue per kilometer and freight ton kilometer of aircrafts across the globe. The Global Aircrafts market has also been witnessing increased aircraft growth in the APAC region. However, the increasing price of aviation turbine fuel could pose a challenge to the growth of this market.

In recent years, the demand for no-frills airlines is increasing, especially in the APAC region. The cost-effective business model of no frills airlines has increased the demand for new aircraft in the market. Generally, the no-frills airlines fly only on short-haul routes and provide seats as a product to the passengers. The remaining services are either paid or are not provided on board. These airlines generally attract passengers who either use roadways or railways as their main mode of transportation. The travel cost for no frills airlines is almost the same compared to the other two modes of transportation, while saving time and effort for the traveler. This trend is expected to have a positive impact on the growth of the market in future years.

One of the major drivers in this market is the increasing demand for aircrafts in the APAC region. With the advent of the no-frills business model, the demand for new aircraft has increased in the APAC region.

One of the major challenges in this market is the increase in raw material prices. The rise in the raw material prices has resulted in pricing pressure on aircraft manufacturers, and hence, they are forced to pass on the increased cost to customers.

The key vendors dominating this space include are Airbus SAS, Gulfstream Aerospace Corporation, Bombardier Inc., and The Boeing Company.

The other vendors mentioned are Embraer S. A. and Superjet International.

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Mike King
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