Bigmarketresearch added Most up-to-date research on “Commercial Aircraft Manufacturing Market in Australia 2014-2018″ to its huge collection of research reports.
Australia is a potential market for the manufacture of commercial aircraft parts and MRO services. Currently, there is no company in Australia that completely manufactures commercial aircraft. Thus, the country relies on the import of commercial aircraft from other countries such as the US and the UK. However, there are some vendors in Australia that manufacture commercial aircraft parts for Airbus SAS and The Boeing Co. Ferra Engineering Pvt. Ltd. is one such player in the country.
The Commercial Aircraft Manufacturing market in Australia is expected to grow at a steady rate during the period 2014-2018. The manufacturing of aircraft parts has gained momentum in the recent years and the demand for aircraft parts is expected to increase in the coming years. The Commercial Aircraft Parts Manufacturing market in Australia is expected to grow at a CAGR of 7.65 percent during the forecast period. The MRO market in Australia is expected to grow at a CAGR of 5.08 percent during the forecast period.
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The Commercial Aircraft Manufacturing market in Australia is expected to witness high growth during the coming years. Growth in tourism is expected to boost the growth of the Commercial Aircraft market in the country. Rising domestic air passenger traffic is also expected to fuel the domestic aircraft parts manufacturing activities in the country. In addition, the increase in airport infrastructure development initiatives undertaken by the government would lead to higher demand for commercial aircraft in Australia.
Despite the presence of these drivers, the Commercial Aircraft Manufacturing market in Australia is facing a few challenges such as the fluctuating jet oil prices and heavy reliance on the import of commercial aircraft. There is no company in Australia that completely manufactures commercial aircraft, which forces domestic airline companies to rely on the import of commercial aircraft.
Despite the presence of these challenges, the Commercial Aircraft Manufacturing market in Australia is witnessing some emerging trends in the market. One of the key trends is the increasing focus on mergers and acquisitions. Another major trend in the market is the rise in the demand for LCCs. Low-cost airlines, such as Jetstar Airways Pvt. Ltd., are expected to gain more market share in the Aviation industry in Australia.
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