Industry Outlook and Trend Analysis
The Commercial Aircraft MRO Market has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period. The maintenance, repair, overhaul, modification or inspection of an aircraft or its component alludes to aircraft MRO. It has risen as a key movement of air resources in the avionics business. It is a multi-billion dollar industry developing at a prominent rate year-on-year. Throughout the globe, a noteworthy extent of motor MRO is outsourced, with a ton to play for. Airlines in the most developed locales such as North America, Western Europe and Asia-Pacific outsource their motor MRO work by suppliers from inside their own particular district. Many new MRO benefit focuses have been setup in such regions, expanding the interest of provincial organizations in the field of aircraft MRO. Nonetheless, in the creating areas, airlines are significantly more prone to utilize foreign MRO suppliers.
The Commercial Aircraft MRO Market is based on different segments namely by type into Interior MRO, Engine MRO, Airframe MRO and Components MRO.
Commercial Aircraft MRO Market By Type
On a global front, the Commercial Aircraft MRO Market covers North America (United States, Canada and Mexico), Europe (Germany, UK, France, Russia, Italy, Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific), South America (Brazil, Argentina, Columbia, South Africa, Rest of South America) and Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA). Asia Pacific accounted for nearly 35% market share, on the basis of revenue, of the global MRO market. The aviation sector in China is developing rapidly with over 55 airlines that operate across the country.
Commercial Aircraft MRO Market, By Region
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
The leading players in the market are Delta TechOps, Lufthansa Technik, GE Aviation, Iberia, Air France Industries and KLM Engineering & Maintenance, HAECO, AAR Corp and La Garantie Mutuelle des Fonctionnaires-Societe d'assurance mutuelle. 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.
Air France Industries and KLM Engineering & Maintenance
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?