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CN 3761 | Industry Report

Aircraft Manufacturing in China Industry Data and Analysis

MZ
Merry Zhao
Analyst Beijing, China May 2024

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.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.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.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.

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What's included in this industry analysis

IBISWorld's research coverage on the Aircraft Manufacturing industry in China includes market sizing, forecasting, data and analysis from 2014-2029. The most recent publication was released May 2024.

About this industry

What's this industry report about?

The Aircraft Manufacturing industry in China operates under the industry code 3761. 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. Related terms covered in the Aircraft Manufacturing industry in China include large aircraft, regional aircraft and general aircraft.

What's included in this industry?

Products and services covered in Aircraft Manufacturing industry in China include Aircraft , Aircraft spare parts and Repair and maintenance services.

What companies are included in this industry?

Companies covered in the Aircraft Manufacturing industry in China include Aviation Industry Corporation of China, Ltd., HAECO (Xiamen) Aircraft Engineering Co., Ltd. and Aircraft Maintenance and Engineering Corporation.

Performance

What's included in the Performance chapter?

The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Aircraft Manufacturing industry in China.

Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.

Products & Markets

What's included in the Products and Markets chapter?

The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Aircraft Manufacturing industry in China.

Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.

Geographic Breakdown

What's included in the Geographic Breakdown chapter?

The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Aircraft Manufacturing industry in China.

Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.

Competitive Forces

What's included in the Competitive Forces chapter?

The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Aircraft Manufacturing industry in China. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.

Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.

Companies

What's included in the Companies chapter?

The Companies chapter covers Key Takeaways, Market Share and Companies in the Aircraft Manufacturing industry in China. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.

Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.

External Environment

What's included in the External Environment chapter?

The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Aircraft Manufacturing industry in China. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.

Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.

Financial Benchmarks

What's included in the Financial Benchmarks chapter?

The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Aircraft Manufacturing industry in China. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.

Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.

Industry Data

What's included in the Industry Data chapter?

The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Aircraft Manufacturing industry in China.

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Frequently Asked Questions

What is the market size of the Aircraft Manufacturing industry in China in 2026?

The market size of the Aircraft Manufacturing industry in China is $95.8bn in 2026.

How many businesses are there in the Aircraft Manufacturing industry in China 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.

How may import tariffs affect the Aircraft Manufacturing industry in China?

The Aircraft Manufacturing industry in China is likely to be impacted by import tariffs with imports accounting for a moderate share of industry revenue.

How may export tariffs affect the Aircraft Manufacturing industry in China?

The Aircraft Manufacturing industry in China is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.

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 industry in China?

The biggest companies operating in the Aircraft Manufacturing industry 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 industry in China include?

Aircraft and Aircraft spare parts are part of the Aircraft Manufacturing industry in China.

Which companies have the highest market share in the Aircraft Manufacturing industry in China?

The company holding the most market share in the Aircraft Manufacturing industry 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.

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