US Civil Aircraft Shipments to Grow 4.5% Yearly in Nominal Terms to 2023
CLEVELAND, May 14, 2019 /PRNewswire/ — US civil aircraft shipments are forecast to advance 4.5% annually in nominal terms through 2023, according to Civil Aircraft: United States, a report recently released by Freedonia Focus Reports. The US industry will remain highly reliant on export markets. Rising incomes in developing regions such as Asia and Africa boost demand for air transport services, which supports aircraft orders.
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Due to the relatively few industry participants globally, a result of extremely high barriers to entry, domestic producers will continue to face significant competition from foreign firms – particularly in the wake of highly publicized disasters, such as those relating to the Boeing 737 MAX accidents. In addition, some countries such as China are attempting to create or further cultivate aerospace industries, representing a possible source of new competition. Furthermore, a robust second-hand market presents a significant constraint to production. The prominence of competing transport modes, such as high-speed rail in Europe and Asia, also constrains demand.
These and other key insights are featured in Civil Aircraft: United States. This report forecasts to 2023 US civil aircraft shipments and demand in nominal US dollars at the manufacturer level. Total shipments are segmented by type in terms of:
- transport jets
- business jets
To illustrate historical trends, total shipments, total demand, the various shipment segments, and trade are provided in annual series from 2008 to 2018.
The scope of this report covers new, completed civil aircraft. Excluded are sales of used aircraft as well as sales of individual engines and other parts. Unpowered aircraft, unmanned aerial vehicles (or drones), military aircraft, and space vehicles are also excluded.
About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Services & Industries reports can be purchased at Freedonia Focus Reports or MarketResearch.com.
Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:
- total historical market size and industry output
- segmentation by products and markets
- identification of market drivers, constraints, and key indicators
- segment-by-segment outlook in five-year forecasts
- a survey of the supply base
- suggested resources for further study
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SOURCE The Freedonia Group