$95.8bn
$X.Xbn
180k
92
$X.Xbn
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.
Industry revenue has grown at a CAGR of 6.6 % over the past five years, to reach an estimated $95.8bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($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 |
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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.
Aircraft manufacturing accounts for the largest proportion
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.
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Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Major breakthroughs have been made in the industry. The aircraft manufacturing industry has successively made breakthroughs in the civil aircraft projects ARJ21 and C919.
Learn about an industry's products and services, markets and trends in international trade.
Aircraft manufacturing accounts for the largest proportion. The development of Chinese made civil aircraft and the growth of defense expenditure will promote the development ...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Shaanxi is an important province for aircraft manufacturing. Shaanxi Province has the largest number of aviation industrial parks in China.
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 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...
Learn about the performance of the top companies in the industry.
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.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Government attaches great importance to industry's development. Almost all relevant policies are conducive to the development of the Aircraft Manufacturing industry in China.
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Industry profits are driven by technology. 5G technology, digital production and rapid prototyping technology have improved the production efficiency of the industry and the ...
Including values and annual change:
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Key data sources in China include:
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The market size of the Aircraft Manufacturing industry in China is $95.8bn 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.
The market size of the Aircraft Manufacturing industry in China has been growing at a CAGR of 6.6 % between 2019 and 2024.
Over the next five years, the Aircraft Manufacturing industry in China is expected to grow.
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
Aircraft and Aircraft spare parts are part of the Aircraft Manufacturing industry.
The company holding the most market share in China is Aviation Industry Corporation of China, Ltd..
The level of competition is high and steady in the Aircraft Manufacturing industry in China.