Aviation MRO Market to Witness Significant Growth until 2025
Stringent airworthiness norms and policies coupled with increasing
requirement for proper maintenance to drive the growth of global aviation MRO
market
According to
TechSci Research report, “Global Aviation
MRO Market By Industry (Passenger Aviation, Military
Aviation, Cargo Aviation), By Component (Engine, Airframe, Line, Avionics,
Modifications, Others), By Aircraft Type (Narrow Body, Wide Body, Regional
Jet, Others), By End User (OEM, Aircraft Operator, Others), By Region, Forecast
& Opportunities, 2025”, global aviation MRO market is expected to witness robust
CAGR during the forecast period. Growing need to address wear and tear of
components is
one of the major factors accounting for the growth of global aviation MRO
market. Moreover, surging demand for low-cost carriers is expected to bode well
for the growth of global aviation MRO market through the forecast period. In
addition to this, digitalization of aircraft MRO services is positively
influencing the growth of global aviation MRO market. Also, the maintenance essential
for the in-service and aging fleet is making headway for the growth of global aviation
MRO market across the globe. Along with this, supportive government funding is also
expected to positively contribute to the market growth until 2025. Also,
numerous accidents related to aviation are caused because of carelessness in
maintenance activities, therefore the authorities have tightened the norms for
timely maintenance and repair works, which in turn is bolstering the market
growth. Furthermore, improved travel route networking is aiding the market
growth. The number of aging aircraft fleet are increased due to which the
global aviation MRO market is expected to rev up during the next five years.
However, there are certain factors that might act as major impediments to the
growth of global aviation MRO market during the forecast period such as lack of
supporting infrastructure in developing economies with the high cost of health
IT tools and aircraft downtime due to carrying out of complex MRO operations.
Browse XX market data Tables and XX Figures spread
through XXX Pages and an in-depth TOC on " Global Aviation MRO Market "
https://www.techsciresearch.com/report/aviation-mro-market/4706.html
Global aviation MRO
market can be segmented based on industry, component, aircraft type, end user, company,
and region. Considering the component, the market is fragmented into engine,
airframe, line, avionics, modifications, and others. The engine segment dominated
the global aviation MRO market in terms of largest market share until 2019 and
is further anticipated to maintain its dominance during the forecast period as
well. This is because of rising technological advancements and increase in
spending by airline companies on aircraft maintenance and spare part.
SIA Engineering Company, SR
Technics, United Airlines, British Airways, HAECO (Hongkong), AAR Corporation,
Air-France Industries KLM Engineering & Maintenance, Bombardier Inc., Delta
TechOps, GE Aviation, Hong Kong Aircraft Engineering Co. Ltd., Lufthansa
Technik, MTU Aero Engines AG, Triumph Group, Inc, are among others
are the leading players operating in global aviation MRO market. The leading
players are adopting several growth strategies to enhance the market scenario
of aviation MRO. Other competitive strategies include product launches; mergers
& acquisitions; agreements, partnerships, and collaborations; and
expansions to diverse their product portfolio in order to strengthen market
position.
Download
sample report @
https://www.techsciresearch.com/sample-report.aspx?cid=4706
Customers can
also request for 10% free customization on this report.
“Asia-Pacific
region is forecast to dominate the global aviation MRO market during the next five
years on account of rise in air-traffic in the region. Furthermore, rapid
growth in international trade coupled with rising demand for new aircraft is
also contributing to the growing trend. In addition to this, growing tourism
along with the availability of technologically advanced and next generation
widebody aircrafts is further expected to bolster the growth of global aviation
MRO market in the years to come.”, said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“Global Aviation MRO Market By Industry
(Passenger Aviation, Military Aviation, Cargo Aviation), By Component (Engine,
Airframe, Line, Avionics, Modifications, Others), By Aircraft Type (Narrow
Body, Wide Body, Regional Jet, Others), By End User (OEM, Aircraft Operator,
Others), By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of global aviation
MRO market and provides statistics & information on market size, structure
and future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in global aviation MRO market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]