$49.2bn
$X.Xbn
346k
21
$X.Xbn
Over the five years through 2023, revenue for the airline industry in China has fallen at a CAGR of 10.6% to a total of $49.2 billion. This includes a growth of 53.2% in the current year. The Airlines industry has been affected by COVID-19 for three consecutive years since 2020. Total passenger volumes declined by 37.7% in 2020 to 417.8 million and grew slightly by 5.5% to 440.8 million in 2021. In 2022, passenger volumes declined by 43.2% to 250.2 million.The industry is subject to fierce competition, leading to low-profit margins. The challenges faced in the past five years include travel restrictions caused by COVID-19, the unstable global economy, and high aviation fuel prices, which led to industry losses in 2020, 2021, and 2022. Due to the relaxation of travel restrictions, the airline industry will gradually recover in 2023.Over the five years through 2028, industry revenue is forecast to grow at a CAGR of 11.5% to $84.9 billion. Growth will likely stabilize as air traffic volumes increase steadily and the industry matures gradually. Still, volatile jet fuel prices will remain a significant risk factor for industry operators. ACMR-IBISWorld also anticipates that competition among airlines and profit squeezing will be somewhat alleviated with further industry consolidation. Other notable trends include an increasingly private and foreign presence in the industry and the rapid development of regional airlines in China's second and third-tier cities.
Industry revenue has declined at a CAGR of 10.6 % over the past five years, to reach an estimated $49.2bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($short_0)
2023 |
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There are no companies that hold a large enough market share in the Airlines in China industry for IBISWorld to include in this product.
Industry revenue is measured across several distinct product and services lines, including Domestic mainline air transportation, International air transportation and Domestic regional air transportation. Domestic mainline air transportation is the largest segment of the Airlines in China.
Domestic mainline air transportation is subject to intense competition.
The Airlines industry in China operates aircraft for the transportation of passengers. The industry includes international and domestic passenger air transportation services.
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COVID-19 has severely hit the airlines industry. Due to the policy of restricting travel, air passenger traffic has decreased significantly in the past three years.
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Domestic main air transportation accounts for the largest portion. In these large cities with developed airline economies, competition is very fierce.
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Central cities account for most of the passenger traffic. Beijing, Shanghai, and Guangzhou, with developed airlines industry, are the destinations for many passengers.
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Air ticket prices are the basis of competition. Airlines usually attract more passengers through discounts.
Learn about the performance of the top companies in the industry.
Airlines have increased efforts to build hub networks. Large airlines build aviation networks around their main bases to enhance their competitiveness.
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The government has precise requirements for foreign investment. The government has put forward equity requirements and senior management requirements for foreign investment a...
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COVID-19 damages the profitability of the industry. With the relaxation of travel restrictions, industry profit margins will rebound.
Including values and annual change:
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Key data sources in China include:
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:
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.
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.
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The market size of the Airlines industry in China is $49.2bn in 2024.
There are 21 businesses in the Airlines industry in China, which has declined at a CAGR of 3.4 % between 2019 and 2024.
The market size of the Airlines industry in China has been declining at a CAGR of 10.6 % between 2019 and 2024.
Over the next five years, the Airlines industry in China is expected to grow.
International passenger air transportation and Domestic mainline passenger air transportation are part of the Airlines industry.
The level of competition is high and increasing in the Airlines industry in China.