Press release
Aircraft Airframe MRO Market 2018 Global Size, Share, Sales revenue and Development by Air France KLM Engineering & Maintenance, HAECO, Lufthansa Technik, Turkish Technic, Evergreen Aviation Technologies
Market SynopsisThe aircraft airframe consists of some crucial flight control systems that are important for the aircraft operations such as take-off and landing, by providing high pitch and roll. Therefore, it is very important for the aircraft operators to ensure high efficiency or productivity of these systems. The major factors driving the global aircraft airframe MRO market are rapid fleet expansion and outsourcing of airframe MRO. The expansion of the existing commercial aircraft fleet and the increasing needs for airframe maintenance would result in increased MRO activities, during the forecast period. Thus, the global market is expected to grow at a CAGR of approximately 4%, during the forecast period.
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According to MRFR, The global Aircraft Airframe MRO Market is expected to grow at a CAGR of approximately 4%, from 2017 to 2023.
Competitive Analysis
The key players of the global aircraft airframe MRO market are Air France KLM Engineering & Maintenance (France), Singapore Technologies Aerospace (Singapore), HAECO (Hong Kong), AAR Corp. (U.S.), Lufthansa Technik AG (Germany), GAMECO (China), Turkish Technic Inc. (Turkey), Evergreen Aviation Technologies (EGAT) (Taiwan), Aviation Technical Services (U.S.), and Sabena Technics (France). In 2016, these companies accounted for a share of XX% of the global market.
Latest Industry News
West Star Aviation is expanding its recruiting efforts for their rapidly growing MRO network. The company is interested in hiring both experienced and fresh talent to work alongside the experts at one of their nine facilities throughout the USA as well as for their affiliate companies. 26 SEP 2018
Jazz Aviation LP, a subsidiary of Chorus Aviation Inc. has been awarded a contract for heavy maintenance work for airBaltic of Latvia. Under the terms of the agreement, Jazz Technical Services, a division of Jazz Aviation LP that is dedicated to maintenance, repair and overhaul (‘MRO’) work will provide airframe maintenance in support of airBaltic's 12 Q400 NextGen aircraft. 26 SEP 2018
Segmentation:
For the convenience of the report and enhanced understanding; The Aircraft Airframe MRO Market is segmented in to 4 key dynamics
Segmentation by Airframe Parts: Fuselage, Wing, Windows & Windshields, Doors, Elevator, and Others.
Segmentation by Aircraft Type: Narrow-body, Wide-body, and Others.
Segmentation by Application: Commercial Air Transport, Business and General Aviation, and Military Aviation.
Segmentation by Regions: Comprises Geographical regions – North America, Asia-Pacific, Europe, Middle East and Africa, and Latin America.
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Regional Analysis
The regional segmentation of the global aircraft airframe MRO market has been segmented into North America, Europe, Asia Pacific, and the rest of the world. Throughout the forecast period, the North American region is expected to dominate the aircraft airframe MRO market because many key players in this market are based in this region, especially in the United States of America (USA), which is the biggest economy in North America and most technologically advanced country. The other important country-specific market in this region is Canada.
According to the report, the Asia Pacific region is expected to be the fastest growing regional market during the forecast period. The key factors for the growth of the market in this region include growing urbanization and more airports in the region, and hence more players in the aviation industry are entering the market. The most important country-specific markets in this region are China, India, and Japan, followed by the rest of the Asia Pacific region.
Due to the high density of population, the presence of many key market players and steady technological advancement, Europe also holds the potential of being a strong market for aircraft airframe MRO. The strongest economies in this region that are preferable markets for aircraft airframe MRO are France, Germany, Spain, and the United Kingdom (UK), followed by the rest of Europe.
Table of Content
1 Executive Summary
2 Research Methodology
2.1 Scope of the Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Aircraft airframe MRO Market, By Airframe Parts
4.1 Fuselages
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