Aircraft Line Maintenance Market 2018 Aircraft Type (Wide body Aircraft, Narrow body Aircraft, and Regional Jet), by Geography - Forecast To 2021

Market Highlights:

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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Major Key Players

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.

The aircraft line maintenance market is completely dependent on the aircraft fleet management. Thus, the increasing or decreasing demand of the aircraft fleet directly has an impact on the market. Moreover, the increase in the sales of aircraft has mainly been because of competitive and diverse options available for finance. Another factor responsible for the increase in aircraft fleet management is increased focus of OEM on aircraft line maintenance and rapid aircraft fleet expansion. This is the primary factor that drives the growth of the aircraft line maintenance market and has gained prevalence in the recent times, with usage of best in class technologies in aircraft. Thus, the growth of the aircraft line maintenance market is expected to go hand in hand with the growth of aircraft industry.

The expansion of the commercial and military aircraft fleets, which has resulted in the development of a set of aircraft line maintenance market. The increase focus of OEMs on aircraft line maintenance will lead to an increase in use of commercial aircraft, due to which there will be growth in aircraft line maintenance market. The expansion of the existing commercial and military aircraft fleets along with the launch of new airlines, would result in increased aircraft line maintenance the forthcoming years. Hence, it is expected that the rapid fleet expansion would eventually drive the aircraft line maintenance market. Moreover, it is expected that the retirement of maintenance-intensive aircraft and the introduction of new generation aircraft, will lower the man-hours per maintenance visit.

Aircraft line maintenance is gaining acceptance as performance-based logistics contracts are gaining popularity in the aviation field. Airline companies, across the globe, are extensively outsourcing the maintenance and logistics support contracts of their respective aircraft. This enables faster response to crisis situations and adaptation to the dynamic technological advances in the industry. Such cut throat competition in the aircraft industry requires massive investments at a regular basis, thus the high capital investment in the aircraft line maintenance market is expected to act as a hurdle in the growth of the market.

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