Press release
Aircraft Line Maintenance Market 2018 Global Key Players: Delta TechOps, Lufthansa Technik, Monarch Aircraft Engineering, SIA Engineering Company, SR Technics, British Airways Engineering, Hong Long Aircraft Engineering
Aircraft Line Maintenance Market – Overview
The global aircraft line maintenance market is growing with the rapid pace. According to a recent study report published by the Market Research Future, The global market of aircraft line maintenance will grow at a rapid pace over the forecast period. The market is forecasted to witness slow but steady growth by 2023, which will be a surplus growth at a moderate CAGR during the projected period (2016 -2023).
The high demand for aircraft line maintenances is due to the growth in the aircraft MRO services. Many new aircraft line maintenance centres have been setup in numerous countries in recent years. This increases the participation of regional companies in the field of aircraft line maintenance market. Moreover, the growing international trade between countries have increased frequencies of cargo planes. Thus, it is essential to conduct timely checks or repairs of airplanes to ensure efficient performance and safe air travel. Rapid fleet expansion are estimated to gain higher popularity during the forecast period. The growing initiatives towards aircraft safety enhance the growth of the aircraft line maintenance market. However, the scarcity of skilled manpower, complexity in technical documentation procedures, and supervision of line maintenance acts as a barrier for the growth of aircraft line maintenance market.
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Delta TechOps, Lufthansa Technik, Monarch Aircraft Engineering, SIA Engineering Company, SR Technics, British Airways Engineering, Hong Long Aircraft Engineering, TAP Maintenance & Engineering, and Turkish Technic and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global aircraft line maintenance market.
Industry/ Innovation/ Related News:
February, 2018 - SIA Engineering Company Limited (‘SIAEC’) and GE Aviation (‘GE’) announced that it signed a joint venture agreement to form an engine overhaul joint venture based in Singapore.
December, 2017 – Monarch aircraft engineering limited (MAEL), signed a new base maintenance agreement with La Compagnie.
December, 2015 – Delta TechOps signed a long-term maintenance contract with Virgin Australia to perform maintenance, repair and overhaul services for Virgin Australia’s fleet of CFM56-7B engines.
September, 2014 – British Airways line maintenance had won the contract to provide technical handling for Qatar Airways’ 787 flights in Edinburgh.
Aircraft Line Maintenance Market – Segmentation
The Global Aircraft line maintenance Market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Aircraft Type : Comprises Wide body aircraft, Narrow body aircraft and Regional jet
Segmentation by Platform : Comprises Commercial Aviation, Military Aviation and Business Aviation
Segmentation by Regions : Comprises Geographical regions - North America, Europe, Asia-Pacific, Middle East & Africa and South America.
Aircraft Line Maintenance Market: Regional Analysis
European market is dominating the market of aircraft line maintenance market due to growth in commercial and military aircrafts. The market in the developing countries is largely driven by growing demand for maintenance services, which helps in growth of aircraft line maintenance market.
Asia Pacific is referred to as the second-largest aircraft line maintenances market due to factors such as maximum air traffic and better demand for maintenance services have fuelled the demand for aircraft line maintenance market.
Get a Complete Report @ https://www.marketresearchfuture.com/reports/aircraft-line-maintenance-market-1420
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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Email: sales@marketresearchfuture.com
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