Automotive and Transportation

Commercial Aircraft Market in China 2014-2018

  • TEC17395
  • 56 Pages
  • December 2013
  • Automotive and Transportation
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.

Source: TechNavio Analysis

There are several factors that drive the growth of the Commercial Aircraft market in China. One of the major drivers is the rapid economic growth in the country. This has resulted in the increase in demand among the burgeoning Middle Class Population segment. The growing middle class in China and surrounding countries increasingly prefers to travel by air for tourism, local business needs, and healthcare needs, owing to their increase in disposable income. This has urged the airline companies to purchase more commercial aircrafts to match the growing demand. Another major driver is the rapid growth of LCCs in the country, which offer low cost air fares.
Despite the presence of several drivers, the Commercial Aircraft market in China is curtailed by certain serious challenges. One of the main challenges in this market is the lack of compliance with safety standards. Chinese products are always accompanied with a skeptical view with regard to safety and reliability. This results in sluggish growth for the Commercial Aircraft market in China and other countries. Another major challenge is the lack of skilled workforce in Shanghai.
Despite the presence of these challenges, the Commercial Aircraft market in China is witnessing some impressive trends in the market. One of the key trends is the brewing competition among the aircraft manufacturers in China. China is planning to roll out its indigenous commercial 168-seater passenger aircraft, C919, by 2015. It is expected to set in tough competition for the other international aircraft manufacturers based in China. Another major trend in the market is the increasing strategic partnerships between international aircraft manufacturers and Chinese aircraft manufacturers and Chinese aircraft parts manufacturers. The Chinese market players aim to learn the technical know-how to enable themselves as future leaders in the market.

Please Select Format

Need More Information

Contact us
+ 1-800-910-6452
+1-971-202-1575
+91 20 66346066
--- or ---
help@bigmarketresearch.com

 

UPCOMING MARKET RESEARCH REPORTS

North American Drivetrain Market - Opportunities and Forecasts, 2015 - 2020

The drivetrain system constitutes of various components that are used to deliver power for driving wheels of a vehicle. It excludes engine or motor that generates power. The main function ...

July 2017  |   Price:$ 3390    | Pre Book Price:$ 3390

Read More >>

World Automotive Balance Shaft Market - Opportunities and Forecasts, 2014 - 2020

Eccentric weighted shaft is known to offset vibrations in an engine design not immanently balanced. Furthermore, the shaft vibrates and rotates in a way that can lower the vibration. These shafts are the most complicated part that requires to developed precisely to ensure its compatible with the automobile engine.

July 2017  |   Price:$ 5370    | Pre Book Price:$ 5370

Read More >>

World Automotive Camera & Camera Module Market - Opportunities and Forecasts, 2015 - 2020

Automotive camera is a camera installed at front side, rear side, or inside a vehicle for safety purposes. Camera modules contain image sensors that are coupled with electronics components in ...

July 2017  |   Price:$ 5370    | Pre Book Price:$ 5370

Read More >>

North American Transmission System Market - Opportunities and Forecasts, 2015 - 2020

Transmission system uses a set of gears ratios that switches between them as speed varies and converts torque from engine to wheels. The switching can be performed manually or automatically. ...

July 2017  |   Price:$ 3390    | Pre Book Price:$ 3390

Read More >>

Intelligent Transport System Market Global Scenario, Market Size, Outlook, Trend and Forecast, 2015-2024

Intelligent transportation system (ITS) is advanced application which aim to deliver innovative services relating to different modes of transport and traffic management. ITS enable users to be better informed and ...

July 2017  |   Price:$ 4995    | Pre Book Price:$ 4995

Read More >>

E-Commerce Logistics Market Global Scenario, Market Size, Outlook, Trend and Forecast, 2015-2024

E-commerce logistics have evolved substantially globally over the last few years. Customer preferences are changing by experiences they have made with innovative business areas. The new requirements primarily consist of ...

July 2017  |   Price:$ 4995    | Pre Book Price:$ 4995

Read More >>

2017 © Copyright Big Market Research

View Pricing >>