Abstract
Global Aerospace Industry Outlook to 2010: Buyer Spend and Procurement
Strategies and the Impact of Recession and Recovery
Summary
“Global Aerospace Industry Outlook to 2010” is a new report
published by Global Markets Direct in association with ICD Research that
analyzes how aerospace companies products & services spend, procurement
strategies & practices and business are being affected by the recession. In an
uncertain economic climate this report gives you access to the category-level
spending outlooks, buyer budgets, supplier selection criteria, business
challenges and investment opportunities of leading purchase decision makers.
The report also identifies buyers and suppliers future growth, M&A and
investment expectations. The research is based on an extensive survey of
senior and C-level industry executives from our market leading panels.
Scope
- The opinions and forward looking statements of over 450 industry executives
have been captured in our in-depth survey, of which over 40% represent
Director & C-level respondents and a further 33% represent senior
engineers - This report covers data and analysis on buyer spend,
procurement and industry developments by aircraft manufacturers, aircraft
operators, airlines, MRO and OEM companies and aerospace goods and service
suppliers worldwide - The report examines current practices and provides
future expectations over the next 12-24 months - The research is based on
primary survey research conducted by Global Markets Direct in association with
ICD Research accessing its B2B panels comprised of senior purchase decision
makers and leading supplier organizations - Key topics covered include
buyer spend activity, procurement behaviors & strategies and how these have
been affected by the recession, threats & opportunities for the aerospace
industry, economic outlook and business confidence. - In the report buyers
identify what suppliers need to do to maintain their business and the key
actions being taken by industry players to overcome the leading business
threats - The report provides qualitative analysis of the key industry
threats and opportunities and contains full survey results - The
geographical scope of the research is global – drawing on the activity
and expectations of leading industry players across the Americas, Europe,
Asia-Pacific and Africa & Middle East
Highlights
- As many as 58% of aerospace manufacturers expect to increase their
procurement spend over the next 12 months and a further 18% looking to
maintain it at current levels, and with many claiming to be re-evaluating
their supplier base the market open to competition is expected to increase
over the coming year - 38% of industry buyers are seeking to engage in
partnerships to optimize working capital and reduce costs - closer cooperation
between suppliers and buyers is being sought during this time of market
uncertainty - Less than one in five industry buyers do not regularly
evaluate suppliers to ensure they meet high ethical and environmental
standards
Reasons to buy
- Drive revenues by understanding future product investment areas and growth
regions by leading industry players - Formulate effective sales &
marketing strategies by identifying how buyer budgets are changing and where
spend will be directed to in the future - Better promote your business by
aligning your capabilities and business practices with your customer’s
changing needs during these times of market uncertainty - Secure stronger
customer relationships by understanding the leading business concerns and
changing strategies of buyers in the aerospace industry - Effectively plan
your business strategies - Predict how the industry will grow, consolidate
and where it will stagnate - Uncover the business outlook, key challenges
and opportunities identified by suppliers and buyers in the industry
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