Market Research Report
Global Commercial Aircraft Market, By Aircraft Type, By Engine Type, By Application, By End Use and By Region, Competition Forecast & Opportunities, 2026
|Published by||TechSci Research||Product code||1008699|
|Published||Content info||111 Pages
Delivery time: Inquiry
|Global Commercial Aircraft Market, By Aircraft Type, By Engine Type, By Application, By End Use and By Region, Competition Forecast & Opportunities, 2026|
|Published: June 1, 2021||Content info: 111 Pages||
Global Commercial Aircraft market was valued over USD 99 Billion in 2020 and is expected to grow at a CAGR of over 8.89%, in value terms, over the next five years, on the back of declining aviation turbine fuel prices, and economic growth all around the world. Aviation turbine fuel prices accounts for around 20% of an airline's operating expenses, decrease in the aviation turbine fuel prices has elevated the usage and demand for commercial aircrafts around the world. The decrease in operating expenses of the airlines is making the airlines to invest more back into the commercial aircrafts and grow their operations in even more countries. Thus, growing airline operations across the world and increasing flight hours of the airlines is pushing the airlines to add more commercial aircrafts in their fleet. The growing commercial aircraft fleet of the countries is driving the Commercial Aircraft Market around the world. Expanding global economy and the increasing per capita income is making the air travel more affordable for the common people and is driving the usage of more passenger aircrafts around the world. Moreover, the growing number of businesses around the world is increasing the demand for freight transportation, as a result to meet the increasing demand air freight carrier companies are investing more to increase their freighter aircrafts fleet. The growing business has sparked the sales of freighter aircrafts all around the world and the same is expected to continue globally during the forthcoming years as well. Continuously improving airport infrastructure, connecting remote and mountainous regions globally, is increasing the usage of regional aircrafts, as a result more airlines are emerging and increasing the number of regional aircrafts in their commercial aircraft fleet. Continuously increasing number of regional aircrafts all around the world is driving the Global Commercial Aircraft Market. Keeping passenger safety concern in mind, in recent years the major commercial airlines of the countries all around the world have increased their rate of replacements of their existing commercial aircraft fleet, which has increased the sales of commercial aircraft across the globe.
The COVID-19 pandemic has adversely impacted the Commercial Aircraft Market, airlines had to stop their operations in most of the countries. Due to ceased commercial aircraft operations most airlines had either cancelled their commercial aircrafts orders or postponed their orders. From 2021, the market is showing positive signs and the passenger air travel is estimated to recover in the next 3 years. Globally, The Boeing Company and the Airbus Group are the market leaders in the Commercial aircraft market with narrow body commercial aircraft and wide body commercial aircraft segment accounting for over 90% of commercial aircraft sales, globally.
Some of the other major players operating globally in commercial aircraft market are Bombardier Inc, Embraer S.A., Commercial Aircraft Corporation of China (COMAC), Avions de transport (ATR), Aviation Industry Corporation of China (AVIC), Textron Aviation Inc., United Aircraft Corporation (UCA), and Mitsubishi Aircraft Corporation.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022-2026
Objective of the Study:
To perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of commercial aircraft manufacturers and companies operating globally. Subsequently, TechSci Research conducted primary research surveys, which include primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research could include manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analysed product offerings, distribution channels, and regional presence of all major commercial aircraft suppliers across the globe.
TechSci Research calculated the market size for global commercial aircraft market using a bottom-up technique, wherein manufacturers' volume sales data for different applications, were recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analysing historical sales data of respective manufacturers to arrive at the overall market size. Multiple secondary sources such as directories, databases such as General Aviation Manufacturers Association (GAMA), Bureau of Transportation Statistics (USA), Directorate General of Civil Aviation (DGCA) India, Company Websites, company annual reports, white papers, investor presentations and financial reports were also used by TechSci Research.
Key Target Audience:
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as commercial aircraft manufacturers, distributors and dealers, customers, and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
In this report, Global Commercial Aircraft market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Middle East and Africa (MEA)
Company Profiles: Detailed analysis of the major companies present in Global Commercial Aircraft Market.
With the given market data, TechSci Research offers customizations according to the company's specific needs. The following customization options are available for the report:
Raw Material Analysis
Profit Margin Analysis