Press release
Aircraft Line Maintenance Market 2018-2023 | Global Leading Players Overview : Delta TechOps, Lufthansa Technik, Monarch Aircraft Engineering, SIA Engineering, SR Technics, British Airways Engineering, Hong Long Aircraft Engineering, TAP and Turkish Techn
Global Aircraft Line Maintenance Market by Aircraft Type (Wide body Aircraft, Narrow body Aircraft, and Regional Jet), by Geography - Forecast To 2021Global Aircraft Line Maintenance Market TO Proliferate at 5.5% CAGR during Forecast Period 2016 to 2021
Market Insights:
Market Research Future (MRFR)’S attest report reveals that the global line maintenance market is set to expand steadily at a healthy CAGR of 5.5% during the forecast period 2016 to 2021. The growth can be ascribed to the strong value maintained by the aviation industry. The low fuel and interest rate environment prevailing in the global aviation industry has augured well for the aircraft line maintenance market players.
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Integration of IT for predictive maintenance and MRO outsourcing is the recent trend witnessed in the market. It has opened avenues of growth which are projected to influence the market expansion positively. The growth in the air traffic, growing demand for aircraft, increase in flights hours, and usage of best class aircraft technology are the primary factors driving growth in the aircraft line maintenance market. Additionally, investments made by the aviation industry leaders in aircraft safety is likely to fuel demand in the aircraft line maintenance market in the foreseeable future.
The market is expected to remain highly lucrative over the next few years with capital and banking markets remaining open for investments in the aviation industry. This, in turn, is likely to catapult the aircraft line maintenance market on an upward trajectory. However, lack of skilled manpower, complex technical documentation procedures, and supervision of line maintenance are anticipated to hold the market growth and expansion across the assessment period.
Competitive Dashboard:
Some of the key players profiled in the report are Monarch Aircraft Engineering, TAP Maintenance & Engineering, SIA Engineering Company, SR Technics, British Airways Engineering, Delta TechOps, Lufthansa Technik, Hong Long Aircraft Engineering, and Turkish Technic.
Industry Developments:
In February 2018, Austria based Tyrolean Technik, a fully-owned subsidiary of Austrian Airlines, a fully-owned subsidiary of Austrian Airlines, has announced that its plan of downsizing maintenance and repair operations in Innsbruck. The line maintenance of aircraft will continue to be carried out locally.
In February 2018, Emirates Engineering, one of the world's most technologically advanced aircraft maintenance facilities, has signed a deal with Qantas, the flag carrier of Australia, for aircraft maintenance.
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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.
Regional Analysis:
By region, the global aircraft line maintenance market has been segmented into Americas, Europe, Asia Pacific, and the Middle East & Africa. Europe and the Middle East & Africa market are important growth pockets of the aircraft line maintenance market and resonate strong opportunities. The booming aviation industry is likely to boost the growth of the market in Europe. The Middle East & Africa region is estimated to exhibit healthy growth over the next couple of years. The growth is attributable to the massive air passenger traffic in the Middle East. The Middle Eastern airlines have catalyzed investments in the airlines for enhancing flying experience. This, in turn, is projected to have a positive influence on the growth of the regional market. Meanwhile, Asia Pacific is anticipated to witness moderate growth in the foreseeable future. It is estimated to strike a CAGR of 6% during the forecast period.
Scope Of Report
The market report for Global Aircraft Line Maintenance Market of Market Research Future comprises of 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 economical 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 Edibles.
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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