Aircraft parts are components manufactured to be used on aircraft. Many companies around the world specialize in making aircraft parts. Because of strict regulations on aircraft maintenance in most countries, aircraft parts must often be certified by regulatory agencies, and for this reason are often considerably more expensive than comparable uncertified parts.
Denmark offers above average sales potential for U.S. manufacturers of civilian aircraft, parts and accessories. The import market in 2001 for civilian aircraft, parts and accessories was approximately USD500 million. The U.S. was the major supplier to the Danish market. There has been a noticeable increase in the numbers of non-U.S. civilian aircraft being purchased, and Airbus in particular provides stiff competition for U.S. manufacturers. Less than five years ago, both Maersk Air (owned by the A.P. Møller group) and SAS (the national airline of Sweden, Denmark and Norway) were both dedicated customers of Boeing/Douglas. SAS now operates seven Airbus A340s and three Airbus A321s, and Maersk is widely expected to look to Airbus for its next purchases. Smaller scale commercial aircraft operators such as MyTravel (Airbus fleet) and Sun-Air (fleet of three British Aerospace Jetstreams) are indicative of this increasingly fragmented market. In the small-to-medium-sized aircraft market, the U.S. continues to maintain its position as the number one importer of aircraft into Denmark, with Piper, Cessna and Beech aircraft enjoying a large market share.
In terms of parts and accessories, the U.S. remains the dominant player but faces increasing competition from the UK. Denmark has no civilian aircraft production of aircraft. It does have a small but well established industry of aircraft sub-suppliers and companies that offer highly specialized equipment for civilian aircraft use. Copenhagen is home to a number of used aircraft parts dealers and brokers. The turnover of the largest of these companies (Satair A/S had a 2001 turnover of USD100 million) makes Denmark an international force in aircraft parts and accessories.
Developments in Denmark’s infrastructure will also have a long term development on the civil aircraft market. Billund international airport recently completed a USD300 million dollar renovation and extension program, and it is now the hub for the Maersk fleet. Its continued development should increase demand at the airport for connections from the mainland to the rest of Europe (without passengers having to travel two hundred miles to get to Copenhagen International Airport). However, the completion of two bridges (one to Sweden and one connecting the island of Zealand with the rest of Denmark) and the proposed bridge between Denmark and Germany will effect the market for short-haul flights and aircraft. |