openPR Logo
Press release

Global Air Transport MRO Market: Outlook and Growth Stance Forecasted Through 2028

10-12-2018 10:06 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: MRRSE

MRRSE

MRRSE

The expanding database of Market Research Reports Search Engine (MRRSE) has been recently updated by the addition of a new study which is titled as “Global Air Transport MRO Market: Outlook and Growth Stance Forecasted Through 2028”. The fact-based research report on the global Air Transport MRO market covers various aspects such as trends, drivers, challenges and opportunities that have an influence on the growth and expansion of the global market. All these factors are analyzed across key regions of Latin America, North America, Europe, Middle and Africa (MEA) and the Asia Pacific. In order to provide an accurate forecast, analysts have presented the current market, which forms the basis of how the metal caps and closures market is expected to develop in the future.

Aircraft maintenance services include is the overhaul, repair, inspection or modification of an aircraft or aircraft component. Maintenance tasks ensure compliance with Airworthiness Instructions. The maintenance of aircraft is highly regulated, in order to ensure safe and correct functioning of all the components at the time of flight. These directives are coordinated under international standards, maintained by bodies such as the International Civil Aviation Organization (ICAO). Some of the applications considered under the air transport MRO market report include airframe, engine, component and line MRO services. The global air transport MRO market is estimated to be valued at US$ 76,637.9 Mn by 2018 end.

To Get Sample Copy of Report, Click here @ https://www.mrrse.com/sample/17396

Air travel passengers are increasing day-by-day across the globe, primarily due to the establishment of more than 700 routes for better connectivity. According to the International Air Transport Association, the global passenger traffic increased by 7.6% in 2017, which is more than the average annual growth witnessed during the last ten years, i.e. 5.5%. This increase will create new challenges for the government to provide appropriate infrastructure, technology, and services that can accommodate this growth and to assure that the regulations and taxes do not become a restraining factor for growth. This growth in passenger traffic will also drive the aviation market, in turn, leading to the growth of air transport MRO market.

Long-term prospects for aviation will remain strong. Tier 1 and Tier 2 service providers are investing in and entering into strategic collaborations with airport handler companies based in Asia Pacific to enhance their capacity to handle the rapidly expanding air transport MRO market. By collaborating with airline companies, the companies are looking to enhance their end-user reach in markets by adding new clients to their list as well as improving responsiveness and services to customers in the continuously growing Asian air transport MRO market. The trend will certainly emerge as a competitive strategy in the coming years and is visible across all major service providers in the air transport MRO market.

Air transport MRO market service providers are focusing on expanding their presence in emerging aviation markets to capitalize on the growing demand for the aviation industry and MRO services due to lower capital and labor costs in these regions. The market for air transport MRO in countries, such as China, India, Indonesia, Brazil and Mexico, is projected to benefit significantly from the growing demand for the aviation industry.

The outlook for the global aerospace and defense market is strong. According to MarketLine, the global aerospace and defense market generated a total revenue of approximately $988.7 billion in 2016. Furthermore, the market is expected to grow at a compound annual growth rate (CAGR) of 5% between 2016 and 2021 and will reach a value of approximately $1,249.5 billion by 2021.

Air transport MRO market service providers provide services for all types of aircraft, including new and old fleet, narrow body aircraft, wide-body aircraft, regional jets, turboprop aircraft and general aviation markets as well as military and space. The companies are well positioned to leverage their expertise to cater to the growing aerospace and defense market, thereby enhancing their revenue and air transport MRO market share in the medium term.

The overall Air Transport MRO market is estimated to be valued at US$ 123,351 Mn by 2028, projecting a CAGR of 4.9% over the forecast period.

Browse Complete Report with TOC @ https://www.mrrse.com/global-air-transport-mro-industry

On the basis of Application, the global air transport MRO market can be segmented into airframe, engine, component and line. Engine segment is expected to account for 39.2% volume share in 2018. On the basis of aircraft type, the global Air Transport MRO market can be segmented into Narrow Body Aircraft, Wide Body Aircraft, Regional Jet and TurboProp. Narrow body aircraft segment is expected to dominate the air transport MRO market over the forecast period and accounts for over 52.8% value share in 2018. High growth of the segment can mainly be attributed to the huge existing fleet size of narrow body aircraft.

On the basis of geography, the global Air Transport MRO market is segmented into North America, Latin America, Western Europe, Eastern Europe, South East Asia & Pacific, China, India, Middle East & Africa, and Japan. The North America Air Transport MRO market accounts for a major value share and is projected to retain its dominance in the global air transport MRO market over the forecast period. The U.S. air transport MRO market is expected to account for 77% of market share in the North America market, by value, by the end of 2018, projecting a CAGR of 4.5% between 2018 and 2028. Air Transport MRO in Canada is expected to represent a total incremental opportunity of US$ 2,888.2 Mn between 2018 and 2028.

Enquire about this Report @ https://www.mrrse.com/enquiry/17396

About Market Research Reports Search Engine (MRRSE)

Market Research Reports Search Engine (MRRSE) is an industry-leading database of Market Research Reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords.

MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE’s repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.

Contact Us

State Tower
90, State Street
Suite 700
Albany, NY - 12207
United States Telephone: +1-518-730-0559
Email: sales@mrrse.com
Website: https://www.mrrse.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Air Transport MRO Market: Outlook and Growth Stance Forecasted Through 2028 here

News-ID: 1299196 • Views: 277

More Releases from MRRSE

Sales of Digital Printing for Packaging Market Motivated with Rising Demand from …
A recent market study published by MRRSE, “Digital Printing for Packaging Market: Global Industry Analysis 2014-2018 & Forecast 2019-2029” offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical, as well as current growth parameters of the digital printing for packaging market, the growth prospects of the market are obtained with maximum precision. Get Brochure of The Report @ https://www.mrrse.com/sample/3234 Chapter 01 – Executive Summary The
Biofuel Testing Services Market Insights Covering Market Dynamics and Competitiv …
A recent market study published by MRRSE “Biofuel Testing Services Market: Global Industry Analysis 2013-2017 & Forecast 2018-2028” offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historic as well as current growth parameters of the biofuel testing services market, the growth prospects of the market are obtained with maximum precision. Chapter 01 – Executive Summary The report commences with the executive summary of the
Potassium Formate Market Growth Influenced by Burgeoning Opportunities from Prim …
A research study published by MRRSE provides readers with a comprehensive outlook of the global potassium formate market, to precisely gauge its futuristic development. It assesses the potassium formate industry on the historical and current scenario, and also includes a forecast for 2019 through to 2027. The report is designed to help key stakeholders make business decisions pertaining to the potassium formate market with the help of key findings and
Sales of Lithium-ion Battery Market Motivated with Rising Demand from Industrial …
MRRSE, in its recently published research report, brings forth actionable intelligence into the lithium-ion battery market. The business study is intended at equipping stakeholders in the lithium-ion battery market with distinguished insights, and help them in developing sustainable growth strategies for business advancement. This comprehensive research report provides an incisive outlook regarding the changing dynamics of the lithium-ion battery market, by identifying key drivers, restraints, opportunities, and threats. This study also

All 5 Releases


More Releases for MRO

Identify Hidden Opportunities of Aerospace MRO Market
The COVID-19 Outbreak-Global Aerospace MRO Market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2020-2025). The assessment provides a 360° view and insights, outlining the key outcomes of the industry, current scenario witnesses a slowdown and study aims to unique strategies followed by key players. These insights also help the business decision-makers to formulate better business plans and
Aircraft MRO Market Trends Analysis 2030
Advanced report on 'Aircraft MRO Market' Added by prophecymarketinsights.com, offers details on current and future growth trends pertaining to the business besides information on myriad regions across the geographical landscape of the 'Aircraft MRO market'. The report also expands on comprehensive details regarding the supply and demand analysis, participation by major industry players and market share growth statistics of the business sphere. Aircraft MRO Market report also caters the detailed information
Global Aircraft MRO Market Competitive Dynamics 2019
The Report named “Global Aircraft MRO Market” serves crucial perceptions into global Aircraft MRO industry along with newfangled industry details, currently dominating players in Aircraft MRO, chapter wise analysis of each section and looming industry trends, which will guide the readers to target Aircraft MRO market product Specifications and clients driving the long-term market revenue and profitability. The Scope of the Aircraft MRO Market Report: This report mainly focuses on Aircraft MRO
Top Trends Impacting the Global Aircraft MRO Market Through 2023
Global 2018 Aircraft MRO Market Research Report provides a unique tool for evaluating the market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on markets and materials, capacities and technologies, and on the changing structure
Aircraft MRO Market Products, Services and Solutions
MarketResearchReports.Biz adds “Global Aircraft MRO Market Share, Size, Trends and Forecast Market Research Report” reports to its database. This report provides a strategic analysis of the Aircraft MRO and the growth estimates for the forecasted period. The main objective of this report is to aid the user in understanding the market as a whole, its definitions, segmentation, market potential, influential trends, and the barriers that it is facing. Meticulous research and
DAES Group to attend MRO Americas 2018
The DAES Group, an aerospace worldwide leading provider, is pleased to announce that it will be exhibiting at MRO Americas 2018. Held at the Orange County Convention Center, MRO Americas is the premier event for the commercial air transport maintenance, repair, and overhaul industry. It provides excellent networking opportunities to connect with Airlines, OEMs, MRO service providers, leasing companies, aviation authorities, and regulators. From April 10th through the 12th, The DAES