Research and Markets (http://www.researchandmarkets.com/research/l772gf/commercial) has announced the addition of the "Commercial Aircraft Manufacturing Market in Australia 2014-2018" report to their offering.
Australia is a potential market for the manufacture of commercial aircraft parts and MRO services. Currently, there is no company in Australia that completely manufactures commercial aircraft. Thus, the country relies on the import of commercial aircraft from other countries such as the US and the UK. However, there are some vendors in Australia that manufacture commercial aircraft parts for Airbus SAS and The Boeing Co. Ferra Engineering Pvt. Ltd. is one such player in the country.
The Commercial Aircraft Manufacturing market in Australia is expected to grow at a steady rate during the period 2014-2018. The manufacturing of aircraft parts has gained momentum in the recent years and the demand for aircraft parts is expected to increase in the coming years. The Commercial Aircraft Parts Manufacturing market in Australia is expected to grow at a CAGR of 7.65 percent during the forecast period. The MRO market in Australia is expected to grow at a CAGR of 5.08 percent during the forecast period.
The Commercial Aircraft Manufacturing market in Australia is expected to witness high growth during the coming years. Growth in tourism is expected to boost the growth of the Commercial Aircraft market in the country. Rising domestic air passenger traffic is also expected to fuel the domestic aircraft parts manufacturing activities in the country. In addition, the increase in airport infrastructure development initiatives undertaken by the government would lead to higher demand for commercial aircraft in Australia.
Commenting on the report, an analyst from the team said: In recent years, the demand for no-frills airlines has increased, especially in Australia. The cost-effective business model of no-frills airlines has increased the demand for new aircraft in the market. Generally, no-frills airlines fly only on short-haul routes and provide only seats as a product to passengers. This business model is highly cost effective and can capture a large share in the domestic Aviation market in Australia. These airlines generally tap passengers who either use road or rail as their main mode of transportation. The travel cost in no-frills airlines is almost the same as that in these other modes of transportation. This trend is expected to have a positive impact on the growth of the market in the future.
According to the report, the growth in tourism is expected to boost the growth of the Commercial Aircraft market in the country. Rising domestic air passenger traffic is also expected to fuel the domestic aircraft parts manufacturing activities in the country.
For more information visit http://www.researchandmarkets.com/research/l772gf/commercial
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