Expansion of Global Aircraft Part Industry is Forecast to Reach 3.9% P.A.

Date: 2015-08-13

“The expansion of the global aircraft part industry is forecast to reach 3.9% p.a. in the coming years. Between 2007 and 2013 the market increased with an average annual growth of 6.9%. Currently, turbo-jet engines account for 22.4% of the global demand while the remaining market share is divided between turbo-propeller engines (2.1%), other aircraft engines (1.0%), parts for aircraft engines (35.7%), aircraft under-carriages (2.9%), aircraft propellers and rotors (0.7%) and other aircraft parts (35.2%).

China, France, Japan, the United Kingdom and the United States represent the largest aircraft part markets while the strongest annual growth is forecast to occur in Vietnam (12.9%), United States (12.2%), Austria (11.5%), Denmark (11.2%) and Philippines (10.7%).”


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