2018年-普华永道全球_2018_Aerospace_manufacturing_attractiveness_rankings_PwC_21页_2mb

Detailed Summary of Aerospace Manufacturing Attractiveness Rankings (2018)

Core Content

This report provides a ranking of countries and US states based on their attractiveness for aerospace manufacturing investments. It evaluates factors such as labor, infrastructure, industry, economy, cost, tax policy, and geopolitical risk to determine the most favorable locations for aerospace companies.

Main Points

• Industry Growth: The A&D sector reported record profits of $77 billion in 2017, with a 4% increase in revenue to $728 billion. The industry is expected to achieve new record results in 2018 due to strong demand from commercial aviation and defense sectors.
• Geopolitical and Economic Factors: The rankings are based on a weighted score of various categories. Geopolitical risk is excluded from state rankings due to similar levels across states.
• Country Rankings: The United States is ranked 1st, with Canada in 2nd, Singapore 3rd, Switzerland 4th, and the United Kingdom 5th.
• State Rankings: Washington is the top state, followed by Texas, Georgia, Arizona, and Colorado.

Key Information

Top 10 Countries

Top 5 Countries Commentary

• United States: Dominant global player with a strong GDP, transportation infrastructure, and a highly educated workforce. The US's defense spending is the highest in the world, and its tax policy is expected to improve.
• Canada: Similar profile to the US with an educated labor force, stable government, and good infrastructure. Strong in civilian flight simulators, business and regional aircraft, and turboprop and helicopter engines.
• Singapore: Fastest-growing aviation industry in Asia-Pacific, supported by a stable government and a robust manufacturing base. Has 130 aerospace-related companies.
• Switzerland: Aerospace industry contributes about 6% to the country's GDP, with over 500 companies and 160,000 jobs. Supported by the Swiss Aerospace Cluster.
• United Kingdom: Despite Brexit, the UK aerospace industry has the highest growth rate among G7 countries. However, long lead times and currency depreciation may affect future growth.

Top 10 States

Top 5 States Commentary

• Washington: Home to Boeing and over 1,400 aerospace-related businesses. Strong in industry, infrastructure, and economy.
• Texas: Hosts major aerospace manufacturers like Lockheed Martin and Airbus. Known for its strong economy and favorable tax policy.
• Georgia: Over 800 aerospace companies, including Gulfstream Aerospace and Lockheed Martin. Low costs and a major international airport contribute to its attractiveness.
• Arizona: Ideal climate for aircraft testing and space observation. AQST Space Systems relocated to Mesa, highlighting its appeal.
• Colorado: Educated labor force and modern infrastructure attract major contractors. New facilities and job relocations indicate growth.

Considerations for Business

• Global Demand: Asia-Pacific markets are showing strong growth in demand for aircraft and aftermarket services.
• Trade Uncertainty: Recent trade disputes may affect future tariffs, especially on metals, indirectly impacting the aerospace industry.
• Education and Workforce Development: Education is crucial for both current and future workforce needs. Partnerships like Indiana's with Purdue and Rolls-Royce are positive examples.
• Tax Policy and Geopolitical Risk: Companies should consider tax policies and geopolitical risk when planning investments. The US tax reform is expected to improve its ranking.
• Human Resource Management: Talent recruitment, training, and retention are essential, requiring an understanding of cultural norms and sensitivities.

Methodology

• Ranking Calculation: Based on a weighted score of seven categories, with each category having equal weight but subcategories weighted for relevance and data availability.
• Data Sources: Seven public and private data sources were used, including IHS, S&P, WEF, and PwC.
• Metric Changes: 33 metrics for country rankings and 30 for state rankings were used in 2018, increasing the validity of the rankings.

Appendices Summary

• Ranking Methodology: Explains the weighted scoring system and the sources of data used.
• Measure Selection: Based on "Facility Location Selection for Global Manufacturing" with proxy data used where necessary.
• Category Weights: Each category has specific weights and reference metrics. For example, Cost has a 12% weight for Opex/Sales and 30% for Electricity Prices. Labor has a 18% weight for Labor Force and 25% for Basic Education. Infrastructure has a 15% weight for Quality of Roads and 30% for Quality of Air Infrastructure.

This report serves as a strategic tool for companies looking to expand or optimize their aerospace manufacturing supply chains. It highlights the most attractive locations based on a comprehensive evaluation of economic, industrial, and geopolitical factors.