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Aircraft, Engine & Parts Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Aircraft, Engine & Parts Manufacturing Market Research Report | NAICS 33641a | Aug 2014

Clear skies: Airlines will continue to update fleets and more consumers will opt to fly

IBISWorld’s Aircraft, Engine & Parts Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Revenue
$181bn
Annual Growth 09-14
1.9%
Annual Growth 14-19
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Profit
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Employment
331,361
Businesses
1,311
Industry Analysis & Industry Trends

The Aircraft, Engine and Parts Manufacturing industry has had its ups and downs over the five years to 2014. During the recession, industry revenue fell as collapsing demand for air travel led to fewer purchases of industry products from airliners. However, persistent demand for military-related products helped reduce the depth of this decline. In addition, as the economy recovered, demand for air travel increased while emerging economies boosted exports. In the five years to 2019, the industry will continue to reach new altitudes alongside strong commercial demand, but declining military spending will temper growth... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

IBISWorld analysis reveals that the Aircraft, Engine and Parts Manufacturing industry is in the mature phase of its life cycle. In the ten years to 2019, industry value added (IVA), which measures an industry's contribution to the economy, is forecast to rise at an annualized 4.2%, which is higher than GDP's growth of 2.5%. Because demand for air travel typically moves in line with economic growth, demand for aircraft and associated parts also moves along with GDP. In addition, military spending, which is a major industry revenue source, is usually associated with the amount of taxes the government can collect... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Aircraft, Engine & Parts Manufacturing Industry?

Companies in this industry manufacture and overhaul complete aircraft, develop prototypes and convert aircraft. The industry also includes the manufacture, conversion and overhaul of aircraft engines and propulsion systems. Additionally, the industry makes related parts and auxiliary equipment. For information on guided missiles, space vehicles and related equipment, which are excluded from this industry, see Space Vehicle and Missile Manufacturing industry (IBISWorld report 33641b).

Industry Products
AircraftAircraft engines and engine partsOther aircraft parts and auxiliary equipment
 
Industry Activities
Manufacturing and rebuilding aircraftManufacturing aircraft engines and engine partsManufacturing aircraft auxiliary parts


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