Commercial Aircraft Market Set To Grow

The global market for commercial aircraft is forecast to reach $265.7bn by 2019, according to a report by Transparency Market Research. Increased demand for aircraft is predicted as a result of new routes and more low-cost carriers entering the market, the report concludes. In the component sector, landing gear and airframe sales are expected to see the fastest growth, meanwhile demand for single-aisle aircraft and regional jets is set to continue. Asia-Pacific should remain the largest regional market for commercial aircraft, as the region liberalises its aviation policies.

TAGS: Asia Pacific
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