GLOBAL GENERAL AVIATION MARKET 2014 - 2019 Growth, Trends & Forecasts
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TABLE OF CONTENTS 1. INTRODUCTION 1.1 Research Methodology 1.1.1 Definition of the Market 1.1.2 Report Description 1.1.3 Executive Summary 2. KEY FINDINGS OF THE STUDY 2.1 MARKET OVERVIEW 2.1.1 Market Segmentation 2.1.2 Overview 3. MARKET DYNAMICS 3.1 Introduction 3.2 Drivers 3.2.1 Resurgence of the Market – Post Recession 3.2.2 Concerns of Safety and Flight Delays 3.2.3 Increasing Nouveau Riche 3.3 Constraints 3.3.1 Lack of proper MRO facilities 3.3.2 Restrictive Regulatory Environment 3.3.3 Lack of Dedicated Infrastructure 4. MARKET ANALYSIS AND FORECAST 4.1 Global Market – Segmented By Type 4.1.1 Single Engine Piston 4.1.2 Two Engine Piston 4.1.3 TurboProp 4.1.4 Business Jets 4.1.5 Gliders 4.1.6 Lighter Than Air 4.2 Global Market – Segmented By Region Mordor Intelligence
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4.2.1 North America 4.2.2 Europe 4.2.3 APAC 4.2.4 ROW 4.3 Company Profiles 4.3.1 Adam Aircraft Industries Acquisition 4.3.2 Air Tractor, Inc. 4.3.3 Airbus 4.3.4 Airbus Helicopters 4.3.5 Alpha Aviation 4.3.6 American Champion 4.3.7 Avcraft (form. Fairchild) 4.3.8 Aviat Aircraft 4.3.9 Beechcraft 4.3.10 Bell Helicopter 4.3.11 Waco Classic Aircraft 4.3.12 Bellanca 4.3.13 Boeing Business Jets 4.3.14 Bombardier Aerospace 4.3.15 Britten-Norman 4.3.16 Cessna Aircraft Company 4.3.17 Cirrus Aircraft 4.3.18 Columbia Aircraft 4.3.19 Commander Aircraft 4.3.20 CubCrafters, Inc. 4.3.21 DAHER-SOCATA 4.3.22 Dassault Falcon 4.3.23 Diamond Aircraft Industries 4.3.24 Eclipse Aerospace Mordor Intelligence
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4.3.25 Embraer 4.3.26 Emivest Aerospace Corp 4.3.27 Enstrom Helicopter Corporation 4.3.28 Extra Aircraft 4.3.29 Fairchild Aircraft 4.3.30 Flight Design GmbH 4.3.31 Gippsland Aeronautics 4.3.32 Gulfstream Aerospace Corporation 4.3.33 Liberty Aerospace 4.3.34 Maule Air Incorporated 4.3.35 Micco 4.3.36 Mooney International Corp. 4.3.37 Pacific Aerospace Corporation 4.3.38 Piaggio Aero Industries S.p.A. 4.3.39 Pilatus Aircraft, Ltd. 4.3.40 Piper Aircraft, Inc. 4.3.41 Quartz Mountain Aerospace 4.3.42 Quest Aircraft Company 4.3.43 Robinson Helicopter 4.3.44 Symphony Aircraft (prev. OMF) 4.3.45 Thrush Aircraft Inc. 4.3.46 Tiger Aircraft 5. APPENDIX
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RESEARCH METHODOLOGY
The research methodology can be put into the following sequence: 1) Secondary Research: Information was collected from a number of public and paid data sources.Public databases, company annual reports, white papers and research publications by recognizedindustry experts were utilized. Paid data sources include authentic industry databases.
2) Primary Research: After collecting data from secondary sources, primary interviews were conducted with stakeholders at different points of the value chain like manufacturers, MRO service providers,end users and key opinion leaders of the industry. Primary research was used both to validate the data points obtained from secondary research and to fill the data gaps after secondary research.
3) Market Engineering: The market engineering phase involves analysing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
4) Expert Validation: The market engineered data is verified and validated by a number of experts, both in-house and external.
5) Report Writing: After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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MARKET OVERVIEW – GLOBAL GENERAL AVIATION The Global general aviation market is back on the rise after the disastrous effects of the economic recession. Global shipments are up by 4.3% and revenues are blooming with a 24% growth rate compared to last year. The US leads the production with more than 70% of worldwide manufacturing. Gulfstream Aerospace has shown the highest growth with a 53.19% increase in shipments over the past year, followed by Bell Helicopter and Embraer. The United States is the highest exporter with 42.8% of the planes manufactured being exported.
DRIVERS The key driver is the increasing numbers of Nouveau Riche, their demand for uncompromising service and quality. This has created a need for prompt and personalized air travel, which can only be achieved by having a private business jet. This is a very exciting opportunity for the General Aviation providers as potential customers are not very price sensitive and business is won and lost only on quality. The development of dedicated infrastructure, particularly across regions like India and China, and a rise in the number of MRO service providers is a bright sign for the industry. Market Value – By type of Aircraft (2014-19) (In Million USD) Type
2014
2015
2016
2017
2018
2019
Single Engine Piston
xx
xx
xx
xx
xx
xx
Two Engine Piston
xx
xx
xx
xx
xx
xx
TurboProp
xx
xx
xx
xx
xx
xx
Business Jets
xx
xx
xx
xx
xx
xx
Others
xx
xx
xx
xx
xx
xx
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COMPETITIVE LANDSCAPE ANALYSIS | THE CESSNA AIRCRAFT COMPANY The Cessna Aircraft Company is an American general aviation aircraft manufacturing corporation headquartered in Wichita, Kansas. It is a subsidiary of the U.S.conglomerate, Textron. The company has manufacturing facilities in Wichita& Independence - Kansas, Columbus - Georgia and Chihuahua – Mexico. It has consistently been the global leader in general aviation in terms of the number of aircrafts sold with 450 shipments in the year 2013. The different types of aircrafts manufactured by Cessna are:
162 SkyCatcher
172R Skyhawk
172S Skyhawk SP
182T Skylane
206H Stationair
208 Caravan 675
208B Grand Caravan
350 Corvalis
400 Corvalis TT
510 Citation Mustang
525 Citation CJ1
525 Citation CJ1+
525 Citation M2
525A Citation CJ2
525A Citation CJ2+
525B Citation CJ3
525C Citation CJ4
550 Citation Bravo
560 Citation Encore
560 Citation Encore+
560 Citation Excel
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560 Citation Ultra
560 Citation XLS
560 Citation XLS+
650 Citation VII
680 Citation Sovereign
680 Sovereign+
750 Citation X
C525B Citation CJ4
T182T Turbo Skylane
T206H Turbo Stationair
In addition to these,Cessna also offers flight training programs in the Cessna flight training centre to pilots aiming to get their license.
ANALYST VIEW The effects of recession have been very hard on the industry with a lot of companies incurring heavy losses as the shipments dropped by around 60%. The market is on the rise again with increasing investments and it is being reflected in the shipments as they are reaching pre-recession levels. The market is led by Cessna and Gulfstream Aerospace with companies like Airbus and Embraer vying for more share of this growing market. North America will have the highest market share, but the European and Asia Pacific regions will grow rapidly in the next 5 years due to high investments being pumped into creating dedicated infrastructure.
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