The aviation market is growing steadily. The passenger air traffic segment is expected to grow at a CAGR of 9%. The civil aviation fleet is expected to witness growth of 14% p.a. Growth in this sector is being propelled by increasing income levels and favourable government initiatives.
The report begins with a market overview section which discusses the market size in terms of passenger air traffic and growth. An analysis of the drivers influencing the industry growth includes rising income levels, flourishing economy, government initiatives, growth in tourism and investment in aircrafts. The key challenges identified include efficient railway network and fluctuation in aviation turbine fuel.
The report covers the important rules and regulations concerning the aviation sector in China. It also discusses the current market trends as players expand via inorganic route, rise in aviation leasing market, entry of international air carriers, air carriers introducing new domestic and international flights, income growth for low cost carriers and capital being raised by air carriers.
The competition section provides brief profiles of the major players which incorporates their financials, business highlights as well as their operational performance.
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