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Wide Body Aircraft MRO Market 2018-2023 | Leading Players Analysis : GE Aviation, Honeywell Aerospace, Lufthansa Technik, Pratt & Whitney, Rolls-Royce, Abu Dhabi Aircraft Tech, MTU Aero Engines, Singapore Technologies Aerospace
Wide Body Aircraft MRO Market Research Report 2018 published By Market Research Future, provides information on Global Wide Body Aircraft MRO Market By Industry Analysis, Market Growth and Opportunity Assessment, Segmentation by MRO Type (Airframes and Modification, Components, Engines and Line Maintenance), By Platform (Military and Commercial), and Region – Global Forecast to 2023Market Research Future published a Cooked research report on “Global Wide Body Aircraft MRO Market Research Report - Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Global wide-body aircraft MRO market is estimated to grow at approximately 4.5% CAGR during the forecast period of 2017-2023.
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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.
The Global Wide Body Aircraft MRO Market is expected to grow at a CAGR of around 4.5% during 2016-2021. The key factors driving the growth are aircraft modernization, focus of OEM on MRO, and fleet expansion.
As per the MRFR analysis, factors restraining the market growth are government regulations, aircraft retirement, and environmental hazards.
MRO outsourcing, IT enabled MRO, demand in emerging countries are the on-going trends which will have positive impact on the market during the forecast period.
Key Players
GE Aviation, Honeywell Aerospace, Lufthansa Technik, Pratt & Whitney, Rolls-Royce, Abu Dhabi Aircraft Technologies, Air France Industries KLM Engineering and Maintenance, MTU Aero Engines, and Singapore Technologies Aerospace are some of the prominent players at the forefront of competition in the Global Market of Wide Body Aircraft MRO and are profiled in MRFR Analysis.
Wide Body Aircraft MRO Global Market – Competitive Analysis
Characterized by the presence of several major well-established players, the global Market of Wide Body Aircraft MRO appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain competitive advantage in this market and to maintain their market position. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. The Key players operating in the market compete based on pricing, technology, reputation and services. These vendors are committed to deliver reliable, leading-edge products and services.
These well-established vendors also have dedicated stations in all of the areas of the maintenance operations—hangars, shops and offices—where system consultation is possible. Whatever is related to a part number, service bulletin or maintenance task; the mobile application allows technicians to see maintenance tasks or parts availability in the warehouse, for example, and not have to move to one of these stations. They also have access to the technical library Toolbox. To enable these mobile apps, iPhones and iPads are provided, Technicians can take pictures and videos of maintenance underway and share them among stations, supervisors, engineering or quality control. It’s a new tool and it’s a good opportunity to expedite information.
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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.
Scope of Report
The report for Global Wide-body Aircraft MRO Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economic and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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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.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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