Aircraft maintenance Market By Aircraft Division (Cabin Interior, Avionics, Engine, Airframe, Others) Service (Line Maintenance Services, Technical Training, Engineering Services, Inventory Management, Freight Conversions, Others) Aircraft Type (Wide Body Aircraft, Regional Aircraft, Narrow Body Aircraft, Very Large Aircraft) - Global Industry Analysis & Forecast to 2025
Industry Outlook and Trend Analysis
The Aircraft maintenance Market has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period. Aircraft maintenance is a kind of service that deals with correcting issues identified with different parts, engine components and navigational devices that are imperative parts of an aircraft. This service includes fixing, comprise visual inspection, modification or alteration and in addition supply of coatings, accessories, spare parts, sealants and other accessories. Aircraft maintenance is a fundamental service implemented by different aircraft transporters to keep their aircrafts functioning, enhance fuel efficiency and lifespan and take the air worthiness of the aircraft to a more elevated level.
Drivers and Restraints
The aircraft maintenance market is being principally bolstered by the development of the commercial aircraft fleet. Presently, around 20,000 aircrafts make up the worldwide operational fleet and aircraft retirements have diminished consistently because of the expanding age of airplanes, which has come to past 20 years. This is because of the way that the current aircrafts are in effect consistently moved up to join most recent advancements and developments through such MRO services before being resigned for scrap or being changed over to freighters. This factor is anticipated to boost the development of the market.
Geographically, the market is anticipated to flourish in the North American region due to the presence of both airline carriers and commercial aircrafts.
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
Singapore Technologies Aerospace Ltd
Air France Industries
Turkish Technic Inc
Aviation Technical Services
SIA Engineering Company Ltd
Hong Kong Aircraft Engineering Company Ltd
Lufthansa Technik AG
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2025?
What will be the industry market growth from 2015 to 2025?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?