Wide Body Aircraft MRO Market 2018 Global Key Players: GE Aviation, Honeywell Aerospace, Lufthansa Technik, Pratt & Whitney, Rolls-Royce, Abu Dhabi Aircraft Technologies, Air France Industries KLM Engineering and Maintenance

Wide Body Aircraft MRO Market – Overview

The global wide body aircraft MRO market is growing with the rapid pace. According to a recent study report published by the Market Research Future, The global market of wide body aircraft MRO 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 (2017 -2023).

The high demand for wide-body aircraft MRO’s is due to the growth in the for long-haul routes with higher traffic, usually connecting international destinations. Many new wide-body aircraft MRO centres have been set up in numerous countries in recent years. This increases the participation of OEMs in the field of wide-body aircraft MRO service. Moreover, the growing demand for wide-body aircraft MRO equipment’s that satisfy the demand for aircraft fleet expansion. The rapid aircraft fleet expansion along with the increased focus of OEMs on providing aircraft MRO is expected to result in an increase in aircraft MRO expenses and as well as it is expected to add to the growth of the market. However, government regulations, aircraft retirement, and environmental hazard acts as a barrier to the growth of wide-body aircraft MRO market.

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Industry/ Innovation/ Related News:
October, 2017 – RUAG Aviation, is joint network with Honeywell to provide full overhaul services on the TPE331-5 and -10 engine models.
June, 2017 – GE aviation formed a joint venture with SIA engineering company to establish a new engine overhaul. These joint venture will provide a full range of engine maintenance, repair and overhaul (MRO) service for the GE90 and GE9X engines.

Wide Body Aircraft MRO Market – Segmentation
The global Wide Body Aircraft MRO market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by MRO Type : Comprises Airframes and Modification, Components, Engine and Line Maintenance
Segmentation by Platform : Comprises Military and Commercial
Segmentation by Regions : Comprises Geographical regions - North America, Europe, Asia-Pacific, Middle East & Africa and South America.

Wide Body Aircraft MRO Market: Regional Analysis
Asia Pacific region market is dominating the market of wide body aircraft MRO market due to growth in emerging region in the long-haul international market. The market in the developed countries is largely driven by growing fleet size of aircraft, which helps in growth of wide body aircraft MRO market.
North America is referred to as the second-largest wide body aircraft MRO’s market due to factors such as presence of major MRO service providers have fuelled the demand for wide body aircraft MRO market.

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