Free Submission Public Relations & NewsPR-inside.com
Home
Deutsch English

Finance
Global Commercial Aircraft Manufacturing

Global commercial aircraft manufacturing market: $340 billion industry forecast by 2018


Print article Print article
© companiesandmarkets.com

companiesandmarkets.com
companiesandmarkets.com
2014-01-29 00:33:01 - Global Commercial Aircraft Manufacturing - a new market research report on companiesandmarkets.com

The Global Commercial Aircraft industry has experienced some turbulence over the past five years. Emerging economies´ buoyant demand for air travel and fleet expansion fueled strong revenue growth in the beginning of the period. Strong demand helped build a considerable backlog of orders for major players, which helped cushion the drop in demand during the recession. Revenue declined 4.1% in 2009, but new aircraft deliveries and renewed global economic growth have since allowed revenue to recover.

After several delays, the Boeing delivered the 787 aircraft in 2011; rival company European Aeronautic Defence and Space Company (EADS) has also experienced strong demand for its A380 and A320neo aircraft. As a result of these trends, IBISWorld expects industry revenue to grow at an

 

 

annualized rate of 1.7% over the five years to 2013 to total $270.6 billion, including a 2.5% increase in 2013 alone.

During the past five years, international trade has driven industry growth. Boeing and EADS are the only major large passenger aircraft manufacturers in the world. As a result, strong demand from emerging economies resulted in heightened trade activity. Commercial aircraft trade is estimated to increase an annualized 2.8% from 2008 to 2013.

Industry profitability also moderately increased over the past five years, though this growth was partly due to the recovery from the recession. Furthermore, falling steel and aluminum prices over the period contributed to lower input costs for industry operators. Aircraft manufacturers also benefited from rising oil prices, which bolstered downstream demand for new fuel-efficient aircraft. In particular, the Boeing 747-8, Boeing 787 and the A320neo experienced favorable demand during the past five years because these aircraft incorporate fuel-efficient technology.

In the five years to 2018, airlines in emerging economies will continue to grow strongly, while rising fuel prices will spur purchases of fuel-efficient aircraft. The resulting strong demand for the A320neo, Boeing 787 and Boeing 747-8 aircraft will drive revenue growth. Additionally, rising global income and economic growth will fuel tourism activity. Global tourist travels is anticipated increase an annualized 4.6% in the five years to 2013, and airlines will have to expand their fleet to cater to growing consumer demand. As a result, IBISWorld forecasts that industry revenue will increase at an average annual rate of 4.7% to $339.6 billion in the five years to 2018.

Click for report details: www.companiesandmarkets.com/Market/Aerospace/Market-Research/Glo ..

Browse all Aerospace Market Research Reports www.companiesandmarkets.com/Market/Aerospace/Market-Research?aCo ..

Browse all Aerospace Company Profile Reports www.companiesandmarkets.com/Market/Aerospace/Company-Profile?aCo ..

Browse all Latest Market Research Reports www.companiesandmarkets.com/Market/All/Market-Research?aCode=f3f ..

About Us
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.com’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.


Author:
Mike King
e-mail
Web: www.companiesandmarkets.com
Phone: London: +44 (0) 203 086 8600

Disclaimer: If you have any questions regarding information in these press releases please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims contents contained in this release.
Latest News
Read the Latest News
www.newsenvoy.com

 


Terms & Conditions | Privacy | About us | Contact PR-inside.com