China's aviation service market is on a remarkable growth trajectory, poised to become the largest in the world by 2043. Currently hosting around 4,500 civilian aircraft, China's contribution to the global aviation service demand stands at 15 percent.
According to Hu Yongdong, Vice President of Strategy, Development & Operations Customer Service at Airbus China, the market value is expected to surge from $23 billion in 2024 to approximately $61 billion by 2043. This nearly threefold increase underscores China's pivotal role in shaping the future of the global aviation services industry.
This significant expansion not only highlights the rapid development of China's aviation sector but also represents a substantial driver for the global service market's growth. As China's fleet continues to grow and its service demands increase, international aviation service providers are likely to see new opportunities and partnerships emerge.
Reference(s):
China to become the world's largest aviation service market: Airbus
cgtn.com
