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Aircraft, Engine & Parts Manufacturing in Finland - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

FI-C303 March 2024 Factsheet

Revenue

€225.9m

2019-2024 0.1 %
2024-2029 X.X %

Employees

2,179

2019-2024 8.7 %
2024-2029 X.X %

Businesses

23

2019-2024 13.9 %
2024-2029 XX.X %

Wages

€XXX.Xm

2019-2024 X.X %
2024-2029 X.X %

Aircraft, Engine & Parts Manufacturing in Finland market size outlook

Total value and annual change from from 2014-2029. Includes 5-year outlook.

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About Factsheets

Industry Statistics and Rankings

How does this industry perform in Finland compared to Europe?

Country Benchmarking

Industry Data Finland

Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.

Revenue
#16 In Europe
Business
#21 In Europe
Employees
#15 In Europe
Wages
#15 In Europe

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Aircraft manufacturing is a growing and genuinely globalised industry, with large-scale manufacturers operating in many different locations, each specialising in a stage or product in the production process. For example, Airbus SE, which represents an overwhelming share of the European market (24%), manufacturers commercial wings in North Wales while focusing on fuselage production in South France and Germany. Because of the globalised nature of the industry, manufacturers generate a large proportion of revenue from exports.

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Enterprises
Number of businesses in 2024

Biggest companies in the Aircraft, Engine & Parts Manufacturing in Finland

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
Airbus SE
63,558.1
6,086.2
9.6
Airbus SE
63,558.1
6,086.2
9.6
Safran SA
25,054.9
3,419.3
13.6

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Top Questions Answered in this Report

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What is the market size of the Aircraft, Engine & Parts Manufacturing industry in Finland in 2024?

The market size of the Aircraft, Engine & Parts Manufacturing industry in Finland is €225.9m in 2024. 

How many businesses are there in the Aircraft, Engine & Parts Manufacturing in Finland industry in 2024?

There are 23 businesses in the Aircraft, Engine & Parts Manufacturing industry in Finland, which has grown at a CAGR of 13.9 % between 2019 and 2024.

Has the Aircraft, Engine & Parts Manufacturing industry in Finland grown or declined over the past 5 years?

The market size of the Aircraft, Engine & Parts Manufacturing industry in Finland has been growing at a CAGR of 13.9 % between 2019 and 2024. 

What is the forecast growth of the Aircraft, Engine & Parts Manufacturing industry in Finland over the next 5 years?

Over the next five years, the Aircraft, Engine & Parts Manufacturing industry in Finland is expected to grow.

What are the biggest companies in the Aircraft, Engine & Parts Manufacturing market in Finland?

The biggest companies operating in the Aircraft, Engine & Parts Manufacturing market in Finland are Airbus SE, Airbus SE and Safran SA

What does the Aircraft, Engine & Parts Manufacturing in Finland include?

Commercial aircraft and Aircraft engines are part of the Aircraft, Engine & Parts Manufacturing industry.

Which companies have the highest market share in the Aircraft, Engine & Parts Manufacturing in Finland?

The company holding the most market share in Finland is Airbus SE.

How competitive is the Aircraft, Engine & Parts Manufacturing industry in Finland?

The level of competition is moderate and steady in the Aircraft, Engine & Parts Manufacturing industry in Finland.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

Businesses in the industry manufacture complete aircraft and spacecraft, engines, propulsion units and other related equipment and parts, including military and civil aircraft and guided missiles. The manufacture of instruments and appliances for measuring, testing and navigation is not industry-related. The manufacture of launching devices for ground and aircraft carrier take-offs is not part of the industry.

Related Terms

Wide-Body AircraftSpacecraftA350

What's included in this industry?

Commercial aircraftAircraft enginesAircraft equipmentDefence aircraftBusiness Jeys & Other small planesHelicoptersSpace equipmentOther

Companies

Airbus SEAirbus SESafran SA

Industry Code

ISIC 2006

303 - Manufacture of air and spacecraft and related machinery in Finland

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Performance

Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue CAGR
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue
  • Employees
  • Business
  • Profit
Analysis

What's driving current industry performance in the Aircraft, Engine & Parts Manufacturing in Finland industry?


Outlook

Analysis

What's driving the Aircraft, Engine & Parts Manufacturing in Finland industry outlook?


Volatility

Analysis

What influences volatility in the Aircraft, Engine & Parts Manufacturing in Finland industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Aircraft, Engine & Parts Manufacturing in Finland industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Rising defence spending amid global tensions defence aircraft order volumes. The Russia-Ukraine conflict increased defence spending among EU member states and NATO members, boosting defence aircraft order volumes.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Aircraft, Engine & Parts Manufacturing in Finland industry's products and services performing?

Analysis

What are innovations in the Aircraft, Engine & Parts Manufacturing in Finland industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Aircraft, Engine & Parts Manufacturing in Finland industry?


International Trade

Highlights

  • Total Imports into Finland
  • Total Exports into Finland
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

The world price of steel doubled in 2021, elevating purchase costs over 2021 and 2022. Similarly, semiconductor shortages have raised costs, leading to manufacturers bringing some producers in-house to minimise expenses.

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Supply Chain

Charts

Buyer and supply industries

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Establishments by Region (2024)
Data Tables
  • Number of Establishments by Region (2024)
Charts
  • Share of Establishments vs. Population of Each Region
Analysis

What regions are businesses in the Aircraft, Engine & Parts Manufacturing in Finland located?

Companies

Data Tables

Top 11 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit margin (2024)

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Manufacturers must comply with the EU Aviation Safety Agency Regulations (EASA). These EASE regulations ensure all European commercial aircraft manufacturers comply with airworthiness rules.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Aircraft, Engine & Parts Manufacturing in Finland industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Semi-conductor shortages elevate purchase costs and delay commercial deliveries. Airbus was behind on commercial deliveries in 2022 because of aircraft part, semiconductor and engine shortages.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Aircraft, Engine & Parts Manufacturing in Finland industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.