Aircraft Manufacturing in China - Market Research Report (2014-2029)
Beijing, China
Last Updated: May 2024
3761Revenue
$95.8bn
Past 5-Year Growth
Profit
$X.Xbn
Employees
180k
Businesses
92
Wages
$X.Xbn
Aircraft Manufacturing in China industry analysis
Revenue for the Aircraft Manufacturing industry is expected to increase at a CAGR of 6.6% over the five years through 2024, including an increase of 9.4% in 2024.<br />Over the period, demand from domestic airlines has increased for aircraft and repair services, and from the government for military and national defense aircraft. Additionally, the government has increasingly provided support for Chinese aircraft manufacturers to research, develop and build large aircraft. In December 2022, the first domestically produced large aircraft C919 was officially delivered and put into operation in 2023. As of 2023, the C919 has received orders for over a thousand aircraft.<br />In 2020, the COVID-19 outbreak has significantly affected industry performance. The strict travel limitations have strongly limited demand for both exports and imports of industry products. Exports and imports decreased by 36.8% and 51.7% in 2020, respectively. Since then, domestic airline companies have increasingly turned to domestic manufacturers for purchases.<br />However, with the relaxation of restrictive policies on the COVID-19 epidemic, import and export began to recover. In 2024, the exports are expected to up by 96.0% from 2023 and accounting for 6.1% of industry revenue. Imports are expected to up by 6.9% from 2023, accounting for 9.2% of domestic demand. The delivery of C919 will boost industrial demand over the next five years. Industry revenue is forecast to increase at a CAGR of 5.8% over the five years through 2029.
Trends and Insights
- Major breakthroughs have been made in the industry. The aircraft manufacturing industry has successively made breakthroughs in the civil aircraft projects ARJ21 and C919.
- Aircraft manufacturing accounts for the largest proportion. The development of Chinese made civil aircraft and the growth of defense expenditure will promote the development of aircraft manufacturing.
- Shaanxi is an important province for aircraft manufacturing. Shaanxi Province has the largest number of aviation industrial parks in China.
- The overseas competitors in the industry are strong. Boeing of the United States and Airbus of France have monopolized the market of large and medium-sized civil aircraft, accounting for a large proportion of the Chinese market.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 6.6 % over the past five years, to reach an estimated $95.8bn in 2024.
Trends and Insights
State-owned capital dominates the market
- The major enterprises in the industry are state-owned enterprises, most of which belong to the Aviation Industry Corporation of China, Ltd (AVIC).
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
C919 will drive industry growth
- The research and manufacturing of C919 adopt a development model that combines the main manufacturer with the supplier, outsourcing most of the engines, onboard systems, and other components and then coordinating and combining them.
Biggest companies in the Aircraft Manufacturing in China
| Company | Market Share (%)
2024 | Revenue ($m)
2024 |
|---|---|---|
Aviation Industry Corporation of China, Ltd. | 68,811.2 | |
HAECO (Xiamen) Aircraft Engineering Co., Ltd. | 575.0 | |
Aircraft Maintenance and Engineering Corporation | 479.2 |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Aircraft , Aircraft spare parts and Repair and maintenance services. Aircraft is the largest segment of the Aircraft Manufacturing in China.
Trends and Insights
Aircraft manufacturing accounts for the largest proportion
- Aircraft manufacturing can be divided into civil aircraft manufacturing and military aircraft manufacturing.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Railway Equipment Manufacturing in China
- Automobile Manufacturing in China
- Car Repair Services in China
Complementors
- There are no industries to display.
International industries
- Global Commercial Aircraft Manufacturing
- Global Military Aircraft & Aerospace Manufacturing
- Aircraft, Engine & Parts Manufacturing in the US
- Aircraft Maintenance, Repair & Overhaul in the US
- Unmanned Aerial Vehicle (UAV) Manufacturing in the US
Table of Contents
About this industry
Industry definition
Companies in the Aircraft Manufacturing industry manufacture and repair various aircraft used for carrying freight, passengers, or for national defense. They also manufacture and repair spare parts for aircrafts.
What's included in this industry?
AircraftAircraft spare partsRepair and maintenance servicesCompanies
Aviation Industry Corporation of China, Ltd.HAECO (Xiamen) Aircraft Engineering Co., Ltd.Aircraft Maintenance and Engineering CorporationPurchase this report to view all 3 major companies in this industry.
Related Terms
LARGE AIRCRAFTREGIONAL AIRCRAFTGENERAL AIRCRAFTPerformance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Major breakthroughs have been made in the industry. The aircraft manufacturing industry has successively made breakthroughs in the civil aircraft projects ARJ21 and C919.
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Aircraft manufacturing accounts for the largest proportion. The development of Chinese made civil aircraft and the growth of defense expenditure will promote the development ...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Shaanxi is an important province for aircraft manufacturing. Shaanxi Province has the largest number of aviation industrial parks in China.
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
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.
Analyst insights
The overseas competitors in the industry are strong. Boeing of the United States and Airbus of France have monopolized the market of large and medium-sized civil aircraft, ac...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
AVIC dominates the aircraft manufacturing industry. AVIC holds the vast majority of the market share in this industry, accounting for about 71.8% in the current year.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Aviation Industry Corporation of China, Ltd.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of HAECO (Xiamen) Aircraft Engineering Co., Ltd.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Aircraft Maintenance and Engineering Corporation's performance by revenue, market share and profit margin from 2018 through 2024
Detailed analysis
- Description and key data for Aviation Industry Corporation of China, Ltd., and factors influencing its performance in the industry
- Description and key data for HAECO (Xiamen) Aircraft Engineering Co., Ltd., and factors influencing its performance in the industry
- Description and key data for Aircraft Maintenance and Engineering Corporation, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Government attaches great importance to industry's development. Almost all relevant policies are conducive to the development of the Aircraft Manufacturing industry in China.
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Industry profits are driven by technology. 5G technology, digital production and rapid prototyping technology have improved the production efficiency of the industry and the ...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in China include:
- National Bureau of Statistics China
- General Administration of Customs
- People’s Bank of China
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:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Aircraft Manufacturing industry in China in 2024?
The market size of the Aircraft Manufacturing industry in China is $95.8bn in 2024.
How many businesses are there in the Aircraft Manufacturing in China industry in 2024?
There are 92 businesses in the Aircraft Manufacturing industry in China, which has declined at a CAGR of 1.8 % between 2019 and 2024.
Has the Aircraft Manufacturing industry in China grown or declined over the past 5 years?
The market size of the Aircraft Manufacturing industry in China has been growing at a CAGR of 6.6 % between 2019 and 2024.
What is the forecast growth of the Aircraft Manufacturing industry in China over the next 5 years?
Over the next five years, the Aircraft Manufacturing industry in China is expected to grow.
What are the biggest companies in the Aircraft Manufacturing market in China?
The biggest companies operating in the Aircraft Manufacturing market in China are Aviation Industry Corporation of China, Ltd., HAECO (Xiamen) Aircraft Engineering Co., Ltd. and Aircraft Maintenance and Engineering Corporation
What does the Aircraft Manufacturing in China include?
Aircraft and Aircraft spare parts are part of the Aircraft Manufacturing industry.
Which companies have the highest market share in the Aircraft Manufacturing in China?
The company holding the most market share in China is Aviation Industry Corporation of China, Ltd..
How competitive is the Aircraft Manufacturing industry in China?
The level of competition is high and steady in the Aircraft Manufacturing industry in China.
