The increasing demand for single-aisle aircraft can be attributed to the need to replace older and less fuel-efficient aircraft with the latest technology and fuel efficient single-aisle aircraft, which includes Boeing 737 MAX family aircraft and Airbus A320 series.
Despite a tepid global GDP growth rate over the last few years, passenger traffic continued to exhibit impressive growth on a global scale. Key factors fueling the rapid growth of air passenger traffic are the increasing need for availing the fastest mode of transportation, impact of globalization that led to increased business trips, and the rapid rate of urbanization. Furthermore, the rising affluence among the middle class, especially in the developing nations, plays a crucial role in driving the sector.
In particular, the report provides an in-depth analysis of the following –
– Market size and drivers: detailed analysis during 2017-2027, including highlights of the demand drivers and growth stimulators. It also provides a snapshot of the spending and modernization patterns of different regions around the world
Read more: Commercial Aircraft Market Overview, Demand, Size, Growth & Forecast 2027- Worldwide Analysis