Global Commercial Aircraft Manufacturing - Market Research Report (2014-2029)

The industry experienced a strong decline during the pandemic, with a staggering 70% drop in air travel primarily driven by social distancing measures and a global economic shock. This led to substantial revenue losses for airlines and lowered demand for new aircraft. However, the industry began recovering post-pandemic, aided by relaxed restrictions, economic stimulus packages and lower interest rates, which made borrowing for capital more affordable. Ultimately, the industry reached double-digit growth in 2023 but slowed down to 4.6% growth in 2024 due to mounting logistical and economic challenges.