Industry Statistics and Trends
Aircraft, Engine & Parts Manufacturing in Europe key trends
France dominates European Aircraft manufacturing.
According to Eurostat, in 2020, France’s aircraft, engine and part manufacturing revenue accounted for 48.7% of industry revenue. Major companies Airbus SE and Safran SA have many manufacturing facilities across France.
Global travel expenditure will expand, boosting orders from commercial airlines.
For example, Airbus forecasts demand for 40,850 new passenger and freighter aircraft deliveries between 2023 and 2042.
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Aircraft, Engine & Parts Manufacturing in Europe
Industry Revenue
Total value and annual change from 2011-2029. Includes 5-year outlook.
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Aircraft, Engine & Parts Manufacturing in Europe market size (2019-2024)
Industry revenue has declined at a CAGR of 8.0 % over the past five years, to reach an estimated €199.9bn in 2024.
Trends and Insights
France dominates European Aircraft manufacturing
- According to Eurostat, in 2020, France’s aircraft, engine and part manufacturing revenue accounted for 48.7% of industry revenue.
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Aircraft, Engine & Parts Manufacturing in Europe outlook (2024-2029)
Market size is projected to grow over the next five years.
Foreign threats will boost defence spending in the future
- The Russia-Ukraine conflict has led to more government spending pledges, sustaining orders for defence contractors, with the UK government planning to spend £45.9 billion on aircraft and helicopter procurement over the next 10 years (starting February 2023).
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Revenue
€199.9bn
Employees
969k
Wages
€XX.Xbn
European Leaders & Laggards
* CAGR values are for the years 2019-2024.
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Biggest companies in the Aircraft, Engine & Parts Manufacturing in Europe
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Airbus SE | 63,558.1 | 6,086.2 | 9.6 | |
Safran SA | 25,054.9 | 3,419.3 | 13.6 | |
Rolls-Royce plc | 18,155.3 | 1,124.0 | 6.2 |
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Aircraft, Engine & Parts Manufacturing in Europe
Products & Services Segmentation
Industry revenue broken down by key product and services lines.
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Top Questions Answered in this Report
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What is the market size of the Aircraft, Engine & Parts Manufacturing industry in Europe in 2024?
The market size of the Aircraft, Engine & Parts Manufacturing industry in Europe is €199.9bn in 2024.
How many businesses are there in the Aircraft, Engine & Parts Manufacturing in Europe industry in 2024?
There are 3,178 businesses in the Aircraft, Engine & Parts Manufacturing industry in Europe, which has grown at a CAGR of 3.8 % between 2019 and 2024.
Has the Aircraft, Engine & Parts Manufacturing industry in Europe grown or declined over the past 5 years?
The market size of the Aircraft, Engine & Parts Manufacturing industry in Europe has been declining at a CAGR of 8.0 % between 2019 and 2024.
What is the forecast growth of the Aircraft, Engine & Parts Manufacturing industry in Europe over the next 5 years?
Over the next five years, the Aircraft, Engine & Parts Manufacturing industry in Europe is expected to grow.
What does the Aircraft, Engine & Parts Manufacturing in Europe include?
Commercial aircraft and Aircraft engines are part of the Aircraft, Engine & Parts Manufacturing industry.
Which countries have the most businesses in the Aircraft, Engine & Parts Manufacturing industry in Europe?
The European country with the most businesses in the Aircraft, Engine & Parts Manufacturing industry is United Kingdom.
How competitive is the Aircraft, Engine & Parts Manufacturing industry in Europe?
The level of competition is high and steady in the Aircraft, Engine & Parts Manufacturing industry in Europe.
Related Industries
This industry is covered in 37 countries
- Aircraft, Engine & Parts Manufacturing in Austria
- Aircraft, Engine & Parts Manufacturing in France
- Aircraft, Engine & Parts Manufacturing in Lithuania
- Aircraft, Engine & Parts Manufacturing in the Netherlands
- Aircraft, Engine & Parts Manufacturing in Belgium
- Aircraft, Engine & Parts Manufacturing in Hungary
- Aircraft, Engine & Parts Manufacturing in Finland
- Aircraft, Engine & Parts Manufacturing in Croatia
- Unmanned Aerial Vehicle (UAV) Manufacturing in Germany
- Aircraft, Engine & Parts Manufacturing in Germany
- Aircraft, Engine & Parts Manufacturing in Greece
- Aircraft, Engine & Parts Manufacturing in Romania
- Aircraft, Engine & Parts Manufacturing in Norway
- Aircraft, Engine & Parts Manufacturing in Switzerland
- Aircraft, Engine & Parts Manufacturing in the UK
- Aircraft, Engine & Parts Manufacturing in Germany
- Aircraft, Engine & Parts Manufacturing in Bulgaria
- Aircraft, Engine & Parts Manufacturing in Iceland
- Aircraft, Engine & Parts Manufacturing in Spain
- Aircraft, Engine & Parts Manufacturing in Portugal
- Aircraft, Engine & Parts Manufacturing in Serbia
- Aircraft, Engine & Parts Manufacturing in Italy
- Aircraft, Engine & Parts Manufacturing in Czechia
- Aircraft, Engine & Parts Manufacturing in Denmark
- Aircraft, Engine & Parts Manufacturing in Turkey
- Aircraft, Engine & Parts Manufacturing in Ireland
- Aircraft, Engine & Parts Manufacturing in Latvia
- Aircraft, Engine & Parts Manufacturing in Luxembourg
- Aircraft, Engine & Parts Manufacturing in Russia
- Aircraft, Engine & Parts Manufacturing in Slovakia
- Aircraft, Engine & Parts Manufacturing in Sweden
- Aircraft, Engine & Parts Manufacturing in Poland
- Aircraft, Engine & Parts Manufacturing in Estonia
- Aircraft, Engine & Parts Manufacturing in Slovenia
- Aircraft, Engine & Parts Manufacturing in Europe
Table of Contents
About this industry
Industry definition
Businesses in the industry manufacture complete aircraft and spacecraft, engines, propulsion units and other related equipment and parts, including military and civil aircraft and guided missiles. The manufacture of instruments and appliances for measuring, testing and navigation is not industry-related. The manufacture of launching devices for ground and aircraft carrier take-offs is not part of the industry.
Related Terms
Wide-Body AircraftSpacecraftA350What's included in this industry?
Commercial aircraftAircraft enginesAircraft equipmentDefence aircraftBusiness Jeys & Other small planesHelicoptersSpace equipmentOtherCompanies
Airbus SESafran SARolls-Royce plcIndustry Code
303 - Manufacture of air and spacecraft and related machinery in Europe
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Performance
Key Takeaways
France dominates European Aircraft manufacturing
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Revenue Highlights
Trends
- Revenue
- 2024 Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue in the Aircraft, Engine & Parts Manufacturing in Europe industry (2011 -2029)
- Employees in the Aircraft, Engine & Parts Manufacturing in Europe industry (2011 -2029)
- Business in the Aircraft, Engine & Parts Manufacturing in Europe industry (2011 -2029)
- Profit in the Aircraft, Engine & Parts Manufacturing in Europe industry (2011 -2029)
Analysis
What's driving current industry performance in the Aircraft, Engine & Parts Manufacturing in Europe industry?
Outlook
Analysis
What's driving the Aircraft, Engine & Parts Manufacturing in Europe industry outlook?
Volatility
Analysis
What influences volatility in the Aircraft, Engine & Parts Manufacturing in Europe industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Aircraft, Engine & Parts Manufacturing in Europe industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Rising defence spending amid global tensions defence aircraft order volumes. The Russia-Ukraine conflict increased defence spending among EU member states and NATO members, boosting defence aircraft order volumes.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Aircraft, Engine & Parts Manufacturing in Europe industry's products and services performing?
Analysis
What are innovations in the Aircraft, Engine & Parts Manufacturing in Europe industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Aircraft, Engine & Parts Manufacturing in Europe industry?
International Trade
Highlights
- Largest Importer
- Smallest Importer
- Total Imports into Europe
- Largest Exporter
- Smallest Exporter
- Total Exports into Europe
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Revenue by Region (2024)
- Share of Total Industry Enterprises by Region (2024)
- Share of Total Industry Employment by Region (2024)
- Share of Total Industry Wages by Region (2024)
Industry Geographic Breakdown
Data Tables
Values and annual change provided for 37 European countries:
- Revenue (2024)
- IVA (2024)
- Enterprises (2024)
- Employment (2024)
- Exports (2024)
- Imports (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
The world price of steel doubled in 2021, elevating purchase costs over 2021 and 2022. Similarly, semiconductor shortages have raised costs, leading to manufacturers bringing some producers in-house to minimise expenses.
Supply Chain
Charts
Buyer and supply industries
Companies
Market Share
Charts
- Industry Market Share by Company (2019-2024)
Companies
Data Tables
Top 10 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit Margin (2024)
Data Tables
- Countries of operation for Airbus SE
- Countries of operation for Safran SA
- Countries of operation for Rolls-Royce plc
- Countries of operation for Dassault Aviation SA
- Countries of operation for Thales SA
- Countries of operation for BAE Systems plc
- Countries of operation for Leonardo SpA
- Countries of operation for ArianeGroup
- Countries of operation for Saab AB
- Countries of operation for Thyssenkrupp Industrial Solutions AG
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Manufacturers must comply with the EU Aviation Safety Agency Regulations (EASA). These EASE regulations ensure all European commercial aircraft manufacturers comply with airworthiness rules.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Aircraft, Engine & Parts Manufacturing in Europe industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Semi-conductor shortages elevate purchase costs and delay commercial deliveries. Airbus was behind on commercial deliveries in 2022 because of aircraft part, semiconductor and engine shortages.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Aircraft, Engine & Parts Manufacturing in Europe industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
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
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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