Press release
Air Transport MRO Global Market Poised for Robust Growth: Insights into Market Size, Key Players, Drivers and Trends up until 2024
Air Transport MRO Market Size
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What Is The Projected Market Size Of The Global Air Transport MRO Global Market Report 2024 And Its Growth Rate?_x000D_
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- The air transport MRO market size experienced significant growth in recent years and it is projected to grow from $88.11 billion in 2024 to $93.41 billion in 2025 at a compound annual growth rate (CAGR) of 6.0%. _x000D_
- This growth can largely be attributed to factors such as economic cycles and market demand, safety and risk mitigation, outsourcing and cost management, and technological innovations in MRO, regulatory standards._x000D_
- The air transport MRO market size is further expected to witness strong growth in the succeeding years, expected to reach $117.52 billion in 2029 at a CAGR of 5.9%._x000D_
- The drivers for growth during the forecast period include supply chain resilience, global regulatory changes, sustainable MRO practices, and market shifts due to the COVID-19 impact._x000D_
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What Is Driving The Growth In The Air Transport MRO Global Market Report 2024?_x000D_
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The growing air travel globally is contributing to the growth of the air transport MRO market. MRO, crucial for enhancing flight readiness and extending the lifespan of an aircraft's components, is significantly influenced by the increase in air travel. The International Air Transport Association (IATA) revealed that total air travel traffic rose by 36.9% in 2023 compared to 2022, with a considerable increase observed both internationally (24.2%) and domestically (27.0%). Therefore, escalating air traffic drives the air transport MRO market._x000D_
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You can request a free sample copy for a detailed analysis at https://www.thebusinessresearchcompany.com/sample.aspx?id=9357&type=smp_x000D_
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Who Are The Key Players Driving Air Transport MRO Global Market Report 2024 Growth?_x000D_
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Major market players that have a significant impact on the air transport MRO market include_x000D_
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- AAR Corp._x000D_
- Delta Air Lines Inc._x000D_
- Deutsche Lufthansa AG_x000D_
- John Swire & Sons Limited_x000D_
- Airbus SE_x000D_
- Collins Aerospace_x000D_
- Air France Industries and KLM Engineering & Maintenance_x000D_
- HAECO Group_x000D_
- MTU Aero Engines AG_x000D_
- British Airways_x000D_
- Turkish Technic Inc._x000D_
- General Electric Company_x000D_
- Iberia Líneas Aéreas de España S.A._x000D_
- SIA Engineering Company Limited_x000D_
- Bombardier Inc._x000D_
- Lufthansa Technik AG_x000D_
- Safran SA_x000D_
- Raytheon Technologies Corporation_x000D_
- Singapore Technologies Engineering Ltd._x000D_
- Guangzhou Aircraft Maintenance Engineering Company Limited_x000D_
- StandardAero_x000D_
- Air Works Group_x000D_
- AJW Group_x000D_
- Gama Aviation_x000D_
- Erickson Inc._x000D_
- Hong Kong Aircraft Engineering Company Limited_x000D_
- ST Engineering Aerospace_x000D_
- The Boeing Company_x000D_
- Rolls-Royce Holdings _x000D_
- Honeywell International Inc._x000D_
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What Are The Key Trends In The Air Transport MRO Global Market Report 2024?_x000D_
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Key trends expected in the forecast period include:_x000D_
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- Emphasis on sustainability_x000D_
- Regulatory compliance_x000D_
- Aging aircraft fleet_x000D_
- Increased fleet size_x000D_
- Digitalization and automation._x000D_
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What Are The Segments Of The Global Air Transport MRO Global Market Report 2024?_x000D_
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The air transport MRO market covered in this report is segmented:_x000D_
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1) By Type: Engine, Line, Airframes, Other Types_x000D_
2) By Service: Heavy Maintenance Inspection, Engine Service Check, Component Maintenance, Line Maintenance, Avionic Standardization, Aircraft Conversions_x000D_
3) By Aircraft Type: Narrow Body Aircraft, Wide-Body Aircraft, Regional Jet, Turbo Prop, Other Aircraft Types_x000D_
4) By Application: Civil Air Transport MRO, Military Air Transport MRO_x000D_
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Which Region Leads The Air Transport MRO Global Market Report 2024?_x000D_
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Asia-Pacific emerged as the largest region in the air transport MRO market in 2024. Other regions covered in the air transport MRO market report are Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. _x000D_
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Make a swift pre-booking of the report: https://www.thebusinessresearchcompany.com/report/air-transport-mro-global-market-report_x000D_
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What Is Covered In The Air Transport MRO Global Market Report 2024 Global Market Report?_x000D_
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- Market Size Analysis: Analyze the Air Transport MRO Global Market Report 2024 size by key regions, countries, product types, and applications._x000D_
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- Market Segmentation Analysis: Identify various subsegments within the Air Transport MRO Global Market Report 2024 for effective categorization._x000D_
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- Key Player Focus on key players to define their market value, share, and competitive landscape._x000D_
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- Growth Trends Analysis: Examine individual growth trends and prospects in the Market._x000D_
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- Market Contribution: Evaluate contributions of different segments to the overall Air Transport MRO Global Market Report 2024 growth._x000D_
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- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers._x000D_
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- Industry Challenges: Analyze challenges and risks affecting the Air Transport MRO Global Market Report 2024._x000D_
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- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market._x000D_
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