Aircraft Maintainence Repair and overhauling Market Global Outlook on Key Growth Trends, Factors 2020- Aar Corporation, Afi Klm, Delta Techops, Ge Aviation, Gmf, Haeco, Iberia Maintenance, Lufthansa Technik

The aircraft maintenance, repair and overhaul market are anticipated to register a CAGR of 6.17% over the forecast period 2018 - 2023. Different MROs have introduced improvement processes to enhance aircraft efficiency and several are using new technological systems to gain additional upgrades and prepare for the bigger data requirements of next-generation aircraft. The aircraft maintenance, repair and overhaul market are expected to reach USD 100.79 billion in 2023.

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Aircraft Maintainence Repair and overhauling Market Segmentation:

Top leading Manufactures Profiled in Aircraft Maintainence Repair and overhauling Market Report are:

Aar Corporation, Afi Klm, Delta Techops, Ge Aviation, Gmf, Haeco, Iberia Maintenance, Lufthansa Technik, Mtu Aero Engines, Pratt & Whitney Amongst Others

Aircraft Maintainence Repair and overhauling Market Scenario:

INCREASING FLEET SIZE

In 2013, aviation industry came out of the effects of the global economic recession to record post-tax profit of USD 10.6 billion. This was achieved as a result of an increase in demand, positive impact on cash flow of industry restructuring and slightly lower than expected fuel costs. This positive growth has fueled the growth of civilian aircraft fleet sizes all over the world thereby driving the aircraft MRO market.

The aviation market has reported a rapid increase in traffic across the globe, and this has allowed the airlines to provide frequent flights and place orders for new aircraft. Indigo, an Indian airline, placed an order for 150 Airbus A320 in 2010 when it began operations in the domestic sector. Airbus and Boeing together have a combined order backlog of 18,000 aircraft as of 2017.

The year 2013 saw a 2% increase over 2012, concerning number of scheduled flight services; more than 31.6 million. The civilian aircraft fleet is expected to grow from around 28,000 in 2014 to more than 35,500 by 2022.

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In 2015, aviation industry saw the most significant orders for the purchase of a narrow body jet when Indigo Airlines of India placed a second order for 250, A320 aircraft to cater to the increasing demands of connectivity and regular services. The delivery of these aircraft will begin in 2017 and are expected to be finished post-2021. This order is not one of its kinds. Led by increasing penetration of commercial airliners in emerging markets, the number of aircrafts in service has been multiplying, and this is providing the necessary impetus to the global aircraft maintenance and repair operations market.

This increase in fleet size in the military aircraft market is led by huge spending increase from Saudi Arabia, India, and Russia, the military aircraft market has been experiencing high growth. India and Saudi Arabia, in particular, have been ramping up their purchases due to growing tensions in the respective regions. One of the most recent high profile orders was the purchase of 36 Dassault Rafale aircrafts by India in 2015 and a massive order for Saab Gripen is expected from Brazil soon. India also released intentions for purchase of 250 fighter aircrafts that will serve the medium role and attack requirements in the country�s Defense. Helicopters and transport aircraft number in operation has also seen a dramatic rise in numbers in the past decade reaching an estimated share of 60% by fleet size for global military aircraft.

Key Developments in the Market:

� November 2017: Global Aviation Services leader AAR have announced that they have been selected by Republic Air Inc. for performing heavy maintenance checks on the company�s fleet of 188 Embraer 170/175 aircraft under a four year agreement.
� September 2017: AAR, a global aviation services company have announced that they have signed a 10 year agreement to provide for airframe maintenance for Air Canada and also has agreed to acquire two premier aviation facilities.

Competitive Landscape

The countries in Europe and the Middle East represent almost 50% of the global future airport infrastructure improvement and development programs, both in value and in the count, and offer many growth opportunities for the players in the market. Passenger boarding bridge manufacturers are currently looking at these regions for new customers. Strategic acquisitions and partnerships, along with the establishment of manufacturing and production facilities locally, can be helpful for players to establish a foothold in the local and regional markets.

The key insights of the Aircraft Maintainence Repair and overhauling Market report:

─The report provides key statistics on the market status of the Aircraft Maintainence Repair and overhauling market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.

─The report provides a basic overview of the industry including its definition, applications and manufacturing technology.

─The Aircraft Maintainence Repair and overhauling market report presents the company profile, product specifications, capacity, production value, and 2014-2020 market shares for key vendors.

─The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.

─The report estimates 2020-2026 market development trends of Aircraft Maintainence Repair and overhauling Market.

─Analysis of upstream raw materials, downstream demand and current market dynamics is also carried out

─The report makes some important proposals for a new project of Aircraft Maintainence Repair and overhauling Industry before evaluating its feasibility.

In conclusion, Aircraft Maintainence Repair and overhauling market report presents the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function a profitable guide for all the Aircraft Maintainence Repair and overhauling Industry business competitors. Our expert research analyst’s team has been trained to provide in-depth market research report from every individual sector which will be helpful to understand the industry data in the most precise way.

How we have factored the effect of Covid-19 in our report:

All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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