Global Commercial Airliner and Regional Aircraft Industry to Reach $123 Billion in 2020
DUBLIN, June 25, 2013 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/2pzjp9/global_commercial) has announced the addition of the "Global Commercial Airliner and Regional Aircraft Industry 2013-2020: Trend, Profit and Forecast Analysis" report to their offering.
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The global commercial airliner and regional aircraft market is expected to witness significant growth in 2020, led by increases in demand from emerging economies, higher air traffic rates, and increasing market liberalization. The market is forecast to reach approximately $123 billion in 2020 with a CAGR of 2.5% over the next seven years (2013-2020).
The global commercial and regional aircraft industry comprises manufacturers of commercial airliners and regional aircraft. The industry is highly consolidated in terms of suppliers and buyers. North America has the largest share of the industry's revenue followed by Europe. Growing demand from emerging economics such as China, India, and Middle East countries, strong demand for low-cost carriers, especially in Asia, and high replacement rate for regional aircraft is driving growth in mature markets such as North America and Europe. APAC and the Rest of the World are also witnessing strong growth.
This research indicates that demand for commercial airliners increased, whereas demand for regional aircraft is slower than commercial airliners. Growth in the regional airline sector was limited, especially in mature air travel markets such as the US and Europe. Commercial airliner demand is increasing because of growing fleet of airlines and rising air traffic. Stringent qualification procedures due to safety standards and environmental concerns, and continuous growth in high-speed trains in many countries are some of the challenges before the industry.
This report provides quantitative and qualitative data analysis of the global commercial airline and regional aircraft market. This study includes manufacturers of commercial airliners and regional aircraft companies. The report consists of two segments: commercial airliners and regional aircraft for four regions; thus, it tracks eight segments. This report provides five-year trend and forecast analysis for four regions.
For more information visit http://www.researchandmarkets.com/research/2pzjp9/global_commercial
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