World Commercial Aircraft Market to Post CAGR of 3.58% to 2027, Forecasts SDI in Its New Report Available at MarketPublishers.com31 Jul 2017 • by Natalie Aster
LONDON – The world commercial aircraft market is anticipated to gather steam in the offing, registering a CAGR of 3.58% through to 2027.
By category, the market is set to be led by the single-aisle segment, with twin-aisle aircraft and regional jets following after. The rising demand for single-aisle aircraft is due to the growing requirement of replacing older, less fuel-saving aircraft with the up-to-the minute technology and fuel efficient single-aisle aircraft, such as Boeing 737 MAX family of planes and Airbus A320 series aircraft.
Despite a sluggish global GDP growth rate during the last several years, passenger traffic kept on demonstrating remarkable growth worldwide. Amid the factors stimulating the fast-pace growth of air passenger traffic are the soaring need to avail the most rapid mode of transport, influence of globalisation that resulted in a larger number of business trips, and the fast rate of urbanisation. Further, the increasing affluence amid the middle-class population, specifically in the developing economies, plays a key role in boosting the market.
APAC is projected to take the lead in the sector grabbing 34.5% of the market, followed by North America. The UK, Ireland and Russia are influential markets market share in Europe.
New research study “The Global Commercial Aircraft Market 2017-2027” created by SDI includes a granular evaluation of the global market landscape and touches upon the market performance across the major regional markets.
It offers reliable data on the market size and CAGR growth analysis; canvasses key drivers of the market growth and demand; analyses the spending and modernisation patterns of various regions worldwide. The report sheds light on the latest market developments and industry challenges; includes an all-round analysis of the leading country markets in each region discussed. Details about the key programmes in each segment that are set to be carried out in the offing are included. The study presents strategic insights and explores the competitive landscape as well as profiles the top players covering their products/services, major alliances, etc.
To find other new research reports by the publisher, follow to SDI online catalogue.