Aviation Maintenance, Repair and Overhaul (MRO) Market 2018 to 2023: Size, Share, Top Companies and Analysis by Air Works, Delta TechOps, HAECO, Honeywell International, GMF AeroAsia

Rapid fleet expansion and MRO outsourcing are some of the major factors driving the global aircraft MRO market. As of 2016, there were more than 22,000 active commercial wide body and narrow body aircraft across the globe. The existing commercial fleets are expected to be replaced by more than 40,000 new aircraft, over the next 20 years. The expansion of the existing commercial aircraft fleets along with the launch of new airlines, would result in increased MRO activities in the future. Hence, it is expected that the rapid fleet expansion would eventually drive the aircraft MRO market. In addition, the increased focus of OEMs on providing aircraft MRO would add funds to the market.

Get a Sample report @ https://www.marketresearchfuture.com/sample_request/1560

Key Players

The key players of the global aircraft MRO market are Airbus Group, Air France KLM Engineering & Maintenance, Air Works, Delta TechOps, HAECO, Honeywell International, GMF AeroAsia, Lufthansa Technik, Jet Maintenance Solutions, and ST Aerospace.. In 2016, Airbus Group, Air France KLM Engineering & Maintenance, Lufthansa Technik, and ST Aerospace accounted for over 35% of the global market.

What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements

Developments

Mahindra Group, a recognized Indian conglomerate, has reportedly decided to partner with ShinMaywa Industries, a Japanese firm, for setting up MRO units in India. These centers are expected to be used in the manufacture and assembly of specific components and parts of ShinMaywa US-2, an amphibian aircraft. The aircraft will be used in border surveillance and patrol missions.
Aerostar S.A., a Romanian company, has decided to expand its MRO capacity by setting up a new center at Iasi International Airport. The new facility recently carried out the servicing of aircraft owned by Pegasus Airlines, a low-cost Turkish airline.

For Any Questions, Make an Enquiry @ https://www.marketresearchfuture.com/enquiry/1560

Segmentation

The aircraft MRO market is segmented on the basis of MRO type, aircraft type, application, and region. By MRO type, the market is divided into airframe, component, engine, line maintenance, and modification. The engine segment is touted to generate significant revenue by 2023 owing to the component being a vital part of repair, maintenance, and periodic checking. Development of next-generation aircraft is anticipated to create opportunities for the segment.

Types of aircraft requiring MRO include wide-body, narrow-body, and others. The narrow-body aircraft segment is likely to gain traction due to high maintenance services provided to single-aisle jets.
Military aviation, business & general aviation, and commercial air transport are major market applications. The commercial air transport segment is anticipated to generate significant revenue for the market owing to the presence of various low-cost carriers. Expansion of air fleets by carriers such as Etihad Airways, Qatar Airways, and Emirates is expected to lead to spending for maintenance of aircraft.

Regional Analysis

Regions covered in the market report include North America, Latin America (LATAM), Asia Pacific (APAC), Middle East & Africa (MEA), and Europe. The APAC market is projected to exhibit high growth due to the presence of major airlines such as Air Asia, IndiGo, and Tigerair. In addition, low labor costs make the region lucrative for MRO outsourcing. This is evident with major North American airlines outsourcing 60% of their maintenance-related services to Asia.

The India market within the APAC region is expected to offer opportunities for growth. Infrastructural development coupled with adoption of latest technologies is making the region viable for investment. Measures taken by the Indian government in reducing the taxes on spare parts could be a relief for the industry. Tax exemption proposals for MRO units can boost domestic market growth.

The Europe aircraft MRO market is anticipated to witness an upsurge in demand owing to retrofitting of new devices in legacy aircraft. This is evident by continuous maintenance conducted on single-aisle jets in the region.

Get Complete Report @ https://www.marketresearchfuture.com/reports/aircraft-mro-market-1560

About Market Research Future:

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.

Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com

This release was published on openPR.