The number of registered turbofan aeroplanes in Australia has shown steady growth over the past decade, increasing from 611 units in 2013 to 763 units in 2023. The year-on-year growth ranged from a high of 5.53% in 2013 to a lower but stable rate of approximately 2.14% in 2023. The compound annual growth rate (CAGR) over the last five years was 2.33%, reflecting a consistent, although slightly tapering, upward trend.
Looking forward, forecasts indicate the number of registered turbofan aeroplanes in Australia will continue to rise, reaching 838 units by 2028. The 5-year forecasted CAGR is projected to be 1.47%, slightly lower than the recent historic average but still representing positive growth. This suggests a maturing market with steady demand.
- Growth was robust initially but has shown a gradual slowdown in recent years.- Expected continued growth, but at a softer rate, indicating a mature market.
Future trends to watch for include advancements in aviation technology, regulatory changes, and economic factors which may influence the pace of aircraft registrations. Increased focus on sustainability and the impact of global air travel patterns could also play a critical role in shaping this market.
