$21.5bn
$XXX.Xm
80,791
489
$X.Xbn
Revenue for the aircraft engine, engine and parts manufacturing has been declining over the past five years as a result of volatile economic conditions. In particular, the Canadian industry is a leader in manufacturing business aircraft, commercial planes with less than 150 seats, civil helicopters, regional and small engines and various aerospace components. The COVID-19 pandemic weighed heavily on the industry given its effect on air travel. Over the past five years, industry revenue is estimated to have fallen at a CAGR of 3.3% to $21.5 billion in 2023 . This includes a projected rise of 3.7% in 2023 alone as production activity increases alongside elevated travel levels.
Industry revenue has declined at a CAGR of 3.3 % over the past five years, to reach an estimated $21.5bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
---|---|---|---|---|
Raytheon Technologies Corporation | 4,356.6 | 164.1 | 3.8 | |
Bombardier Inc. | 3,201.7 | 108.3 | 3.4 | |
The Boeing Company | 1,714.0 | -396.2 | -23.1 |
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Industry revenue is measured across several distinct product and services lines, including Completed aircraft, Engines and parts and Other components . Completed aircraft is the largest segment of the Aircraft, Engine & Parts Manufacturing in Canada.
Production of complete aircraft wavers
Industry operators provide one or more of the following, including the manufacture of complete aircraft; the manufacture of aircraft engines, propulsion units and other related equipment or parts; the development and creation of aircraft prototypes; aircraft conversions (i.e. major modification to systems); and complete aircraft overhaul and rebuilding (i.e. periodic restoration of aircraft to original design specifications).
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NAICS 336410 - Aircraft, Engine & Parts Manufacturing in Canada
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Rising air travel levels are expected to assist the recovery in aircraft production. Supply chain difficulties have posed challenges for operators, as rising raw material cos...
Learn about an industry's products and services, markets and trends in international trade.
Completed aircraft are expected to account for almost half of industry revenue. The industry is a world leader in the manufacture of commercial aircraft below the 149-seat ca...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Montreal is home to the world's third-largest aerospace cluster. Quebec provides many tax incentives, has more than 10 research centres, plus large industry associations and ...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
The industry exhibits a moderate level of market concentration. Aerospace manufacturing is composed of many large establishments, which are necessary for massive aircraft con...
Learn about the performance of the top companies in the industry.
Raytheon Technologies Corporation is projected to be the industry's largest player in 2023. Its industry-specific operations are conducted through its Pratt & Whitney Canada ...
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The industry exhibits a moderate level of capital intensity. While industry players use large and advanced manufacturing facilities, they also hire highly skilled and relativ...
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Industry profit, defined as earnings before interest and taxes, is expected to have risen over the past few years. Profit is typically volatile given the nature of industry o...
Including values and annual change:
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Key data sources in Canada include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Aircraft, Engine & Parts Manufacturing industry in Canada is $21.5bn in 2024.
There are 489 businesses in the Aircraft, Engine & Parts Manufacturing industry in Canada, which has declined at a CAGR of 0.3 % between 2018 and 2023.
The market size of the Aircraft, Engine & Parts Manufacturing industry in Canada has been declining at a CAGR of 3.3 % between 2018 and 2023.
Over the next five years, the Aircraft, Engine & Parts Manufacturing industry in Canada is expected to grow.
The biggest companies operating in the Aircraft, Engine & Parts Manufacturing market in Canada are Raytheon Technologies Corporation, Bombardier Inc. and The Boeing Company
Manufacturing complete aircraft and Manufacturing aircraft components, parts and subassemblies are part of the Aircraft, Engine & Parts Manufacturing industry.
The company holding the most market share in Canada is Raytheon Technologies Corporation.
The level of competition is moderate and increasing in the Aircraft, Engine & Parts Manufacturing industry in Canada.