This “Europe Aviation Market” report provides a detailed study on market and how it is impacting the industry. The report includes details of emerging trends, growth history, sales channel, manufacturers profiled in business, market share of product, application and regional scope of industry. In addition, the report also mentions opportunities that manufacturers operating in the global Europe Aviation market can use for expanding their business in untapped market to increase their customer base.
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Europe Aviation Market Covers Manufacturers:
Scope of the Report:
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Key Market Trends:
The General Aviation Segment is Expected to Register the Highest CAGR during the Forecast period
General Aviation in Europe is anticipated to grow at a fast pace in the coming years, primarily due to the procurement of private aircraft and the growth of the charter services. Textron Inc., one of the prominent manufacturer of general aviation aircraft, over the past two years delivered ten Cessna Grand Caravan EX turboprop aircraft to Tuareg Aerobatics. The aircraft fleet is operated by Mack Air, as part of the charter, cargo, and logistics services provided to a network of independently owned bush safari lodges in the Okavango Delta and Kalahari regions in Botswana. In mid 2018, Textron Inc. delivered a Cessna Citation M2 and a Cessna Citation CJ3+ for Guernsey Air Operations in the Channel Islands. The deliveries indicate the growing demand for general aviation aircraft even in smaller islands. The ORTA°C operations team manages the aircraft on behalf of its clients and use the aircraft for international commercial charter. Bell, a part of Textron Inc., delivered the first two Bell 505 Jet Ranger X for a European customer. The 505 received its certification from the European Aviation Safety Agency earlier in November 2017. Recently, Wijet took delivery of its first HondaJet. The aircraft is operated across Europe for charter services. Wijet and Honda Aircraft signed a MoU in 2018 for the delivery of 16 HondaJets. With growing procurement and growth of air taxi services, the general aviation market is anticipated for steep growth in the coming years.
France Held a Major Share in the Europe Aviation Market in 2018
Airbus and Dassault Aviation, two of the major aircraft OEMs are based in France. This has attracted several tier-1 and tier-2 suppliers to establish their facilities in this country. France is among the leading countries in Europe that have a vertically developed Aerospace industry. Recently, Web Industries Inc., a US-based formatter of advanced materials, including high-performance composites used in the aerospace, defense, and industrial markets, acquired 100% of the shares of Omega Systèmes Atlantique and Omega Systèmes Aquitaine in France. The acquisition is a strategic move to expand its presence in France and to provide services and engineering to support aerospace customers’ demand for formatting and materials management services. In 2018, Airbus reached its production target of 10 aircraft per month for its A350 XWB program. KLM operates 12 Boeing 747-400 and plans to retire the fleet by 2021. Likewise, Air France operates six A340-300s and foresees a full retirement of the type by the end of 2020. Air France-KLM has 28 A350-900s on firm order. Growth is equally strong even in the French defense sector. For instance, in 2018, the French Defence Procurement Agency placed an order for three more Airbus A330 MRTT tankers for the French Air Force. It is a part of the multi-year contract signed by Airbus with the French Ministry of Defence for 12 A330 MRTTs in 2014. France and Germany also teamed up to build a new fighter jet that is expected to enter service by 2040. As per the agreement signed in 2018, France may lead the program and Germany may help to finance the project. Such developments are likely to help France to maintain its market dominance and compete with the United Kingdom and Germany during the forecast period.
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Target Audience of Europe Aviation Market:
- Manufacturer / Potential Investors
- Traders, Distributors, Wholesalers, Retailers, Importers and Exporters.
- Association and government bodies.
Key Reasons to Europe Aviation Market Report:
- Analyzing various perspectives of the Europe Aviation market with the help of Porter’s five forces analysis
- The End User that is expected to dominate the Europe Aviation market is analyzed in detail
- The regions which are expected to witness fastest growth during the forecast period are analyzed and estimated for growth of Europe Aviation market.
- Identify the latest developments, market shares and strategies employed by the major market players.
- Regional analysis of Europe Aviation market studied, during the forecast period
- The segments that are expected to dominate the Europe Aviation market studied.
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