TechNavio recognizes the following companies as the key players in the Commercial Aircraft Market in China: Airbus, COMAC, Xi’an Aircraft Company, Shaanxi Hong Yuan Aviation Forging Company Ltd., Chengdu Aircraft Corporation, Shenyang Aircraft Corporation, Shanghai Aircraft Manufacturing Factory, Ameco Beijing, Boeing Shanghai Aviation Services Co., Guangzhou Aircraft Maintenance & Engineering Co. Ltd. (GAMECO), HAECO, and TAECO
Commenting on the report, an analyst from TechNavio’s team said: “Cheap labor leading to lower costs for aircraft manufacturing companies, aircraft parts manufacturing companies, and MROs and leverage of the strategic geographic location of the country are some of the key advantages that make the market a lucrative investment destination. China has recognized and appreciates the potential of its resources and is, hence, encouraging its indigenous aircraft manufacturers to manufacture aircraft that can compete against the other competing international manufacturers. With the rapid growth of LCCs in the country, the demand for LCCs is set to increase in the future, which will be another potential market for competition in China.”
According to the report, 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 aircraft to match the growing demand.
Further, the report states that 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.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/commercial-aircraft-market-in-china-2014…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/automotive-and-aerospace
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TechNavio Announces the Publication of its Research Report -Commercial Aircraft Market in China 2014-2018
