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Turkey - Civil Aerospace: Increasing numbers of passengers will drive growth (Strategy, Performance and Risk Analysis)

Turkey - Civil Aerospace: Increasing numbers of passengers will drive growth (Strategy, Performance and Risk Analysis)

  • December 2017
  • 75 pages
  • ID: 5300569
In this report:
Total aircraft capital expenditure increased at ##.##% from US$##,##.## million in 2015 to US$##,##.## million in 2016 and is estimated to increase at ##.##% CAGR from US$##,##.## million in 2017 to US$##,##.## million in 2021.
In Central and Eastern Europe, aircraft capital expenditure declined significantly at -##.##% from US$##.## billion in 2015 to US$##,##.## million in 2016 but is forecast to increase at ##.##% CAGR from US$##,##.## million in 2017 to US$##,##.## billion in 2021.

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Turkey (TR) - Civil Aerospace: Increasing numbers of passengers will drive increase (Strategy, Performance and Risk Analysis)

Brief

Market Line's Strategy, Performance and Risk Analysis Industry reports offer a exhaustive market view including sections on: risk and reward, main industry trends and drivers, industry SWOT analysis, industry benchmarking to compare top performance indicators with regional and overall markets, ambitious landscape, industry innovation, deals and main developments.

Turkey (TR) is one of the biggest economies in Central and Eastern Europe. Nevertheless, the economy has been adversely affected by political unrest and number of terrorist attacks. The country's nominal GDP declined at an annual rate of -0.20 percent, from $624.30B in 2015 to $623.20B in 2016. Failed coup attempts, a political row with Russian Federation, and on-going conflicts with Kurdish separatists and Islamic State cumulated to enhance the risk of doing business in Turkey (TR). Turkey's legal framework remains a cause of concern due to high rates of taxation. The Directorate General of Civil Aviation acts as the regulatory body for the Turkish civil aerospace industry. The Turkish civil aerospace sector is increasing quickly. Infrastructure development and progress towards liberalization are driving growth in the sector. As an increasing economy with young population, Turkey (TR) has high potential for increase in airline services. The area has the more important number of air passengers in Central and Eastern Europe. To cater to the increase in the air passengers, the demand for additional aircraft is also growing.

Key Findings

Steady economic growth, a young population, and a liberalized market to drive passenger volume

In Turkey (TR), passenger volume increased at an annual rate of 3.90 percent, from 96.6 million in 2015 to 100.4 million in 2016. Quantity will post a compound annual growth rate (CAGR) of 7.70 percent, to rise from 113.2 million in 2017 to 152.6 million in 2021 due to economic growth, a young population, and liberalized industries. Discounts in airport services, landing and passenger fees, and tax reductions on ticket fares, will cause the volume of passengers to surge.

Aircraft capital expenditure to increase over the estimate period

Turkey's capital expenditure on aircraft reported an annaul rate of 8.30 percent, from $2525.00M in 2015 to $2735.00M in 2016. It is forecast to post a CAGR (Compound annual growth rate) of 3.90 percent, from $3115.00M in 2017 to $3635.00M in 2021. Increase will be supported by an increase in aircraft and equipment procurements by airlines and leasing companies.

Deliveries to increase over the outlook period

Aircraft deliveries reported an annual increase rate of 44.20 percent, from 43 deliveries in 2015 to 62 in 2016. Deliveries are forecast to post a compound annual growth rate (CAGR) of 7.10 percent, from 51 in 2017 to 67 in 2021. The increase will be due to the launch of additional routes coupled with a demand for more technologically advanced and fuel efficient aircraft.

Overview

- Risk & Reward Index - The Risk & Reward index studies the position of the Turkish Civil Aerospace with that of other countries in the territory relating to specific risk and reward parameters.

- Industry Snapshot and Industry View - Key civil aerospace industry statistics contain deliveries, active fleet size and maintenance, repair and overhaul expenditure, top industry segments and the trends driving market performance in the Turkish civil aerospace market.

- Industry SWOT Analysis - Discover the strengths, weaknesses, possibilities, and threats impacting market performance and investment in the Turkish civil aerospace market.

- Industry Benchmarking - Benchmark how the Turkish civil aerospace industry market is performing compared to regional and overall markets relating to fleet size, deliveries, MRO expenditure, aircraft and helicopter capital expenditure, air passengers, fleet age and air freight.

- Competitive Landscape - Overview of adequate players in the Turkish civil aerospace industry including manufacturers, and airline operators, with each player in the effective category compared with its peers relating to efficient industry indicators.

Purposes to acquire this study

- How is the sector performing relating to: indicators including air passengers, air freight, deliveries of narrow and wide body aircraft, capital expenditure on single aisle, twin aisle, regional, business jets and cargo aircraft, fleet age, capital expenditure on helicopter, MRO expenditure and billing?

- How risky is it to invest in the Turkish civil aerospace industry compared to other countries in Europe (EU)?

- What is driving the performance of main industry segments including deliveries, fleet size and MRO expenditure?

- Who are the leading players in the Turkish civil aerospace industry and their overview and product portfolio?

- What trends are being witnessed within the Turkish civil aerospace industry?

- What are the Turkish civil aerospace industry's Strengths and Weaknesses and what Alternatives and Segment risks does it face?

- What are the new developments and innovations in the Turkish civil aerospace industry?

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