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Commercial Aircraft Maintenance, Repair, and Overhaul (MRO) Market 2019 – 2024 Professional Outlook Covers Latest Trends, Business Gross Margin, Product Demand, and Industry Share, and Forecast

Commercial

The primary goal of this Commercial Aircraft Maintenance, Repair, and Overhaul (MRO) Market report is to maintain the record of Unusual growth strategies adopted by various companies are creating new standards for competition in the Commercial Aircraft Maintenance, Repair, and Overhaul (MRO) market. Businesses around the world are aiming at increasing their profit margin and establishing a stronghold in the market. The impact of prevailing regulatory scenario on both regional and worldwide Commercial Aircraft Maintenance, Repair, and Overhaul (MRO) market is provided in detail in the report.

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Key Market Trends:

The Field Maintenance Segment is Expected to Grow at a High Pace

Currently, the field maintenance segment has the highest share out of all the segments. Field maintenance has to deal with very different tasks. These operations are performed simultaneously to lower the ground time, to increase aircraft productivity. Thus, management strongly emphasizes the time-efficiency of ground operations delivered either by themselves, the independent companies, or the airport authority. The time efficiency makes the task even tighter for field maintenance staff, and their efficiency depends on technically advanced equipment, information support systems, and coordination of staff. Thus, the focus is currently on this segment, which is the reason for its expected high CAGR.

Asia-Pacific is Expected to See the Highest Growth

At present, Asia-Pacific is generating the highest revenue in the commercial aircraft MRO market. Singapore dominates the MRO market in Asia. In the recent years, several other Asian countries have also increased their investment in MRO facilities, trying to replicate the success of Singapore and Hong Kong in this sector. Low-cost carrier, to some extent, has changed the face of civil aviation in Asia. In tandem with the rise, the market for aircraft maintenance is also changing, as companies in countries like Indonesia and Thailand are also entering the market to challenge the dominance of established Singaporean players. Government policy also plays a key role, and the Singaporean government has been very forward-looking in supporting the aerospace industry. With the growing frequency of flights to and from the Asian countries, the demand for MRO centers is expected to rise in this region in the coming years. Moreover, due to the huge potential of the Asia-Pacific aviation market, several players are establishing new centers in the region to cater to the growing demand.

Commercial Aircraft Maintenance, Repair, and Overhaul (MRO) Market Covers Key Players:

  • AAR Corp.
  • Delta TechOps
  • General Electric Company
  • Hong Kong Aircraft Engineering Co. Ltd
  • Lufthansa Technik AG
  • Pratt and Whitney (United Technologies Corporation)
  • Rockwell Collins Inc.
  • SIA Engineering Company Ltd
  • TAP Maintenance & Engineering
  • Singapore Technologies Engineering Ltd
  • MTU Aero Engines AG
  • Rolls
  • Royce Holding PLC

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    Geographical Landscape:

    This Report Focuses on the Commercial Aircraft Maintenance, Repair, and Overhaul (MRO) in the market, especially in North America, China, Europe, Japan, Southeast Asia, India. This report categorizes the market based on manufacturers, regions, type, and application

    Market Overview:

  • The commercial aircraft MRO market is estimated to register a CAGR of 4.35% during the forecast period, 2019 – 2024.
  • With the growing air traffic, carriers are more inclined toward maintaining the health of their current fleet, going for new aircraft only if they have no other option, since the cost of buying a new aircraft is considerably higher than the cost for the maintenance of the current fleet. Different airports have introduced improvement processes to enhance efficiency, and several are using new technological systems to gain additional upgrades and prepare for the bigger data requirements of next-generation aircraft, and this shall lead to the growth of the market in the near future.
  • Governments have started various initiatives to encourage airports to support MRO as a strategic activity. Various holistic approaches are now being undertaken by the governments to ensure that adequate space is mandatorily allocated at various airports within the country for MRO, and this shall lead to an enhancement in terms of commercial aircraft MRO in the years to c

    Report Highlights:

    – The report provides a detailed analysis on current and future market trends to identify the investment opportunities

    – Market forecasts till 2024, using estimated market values as the base numbers

    – Key market trends across the business segments, Regions and Countries

    – Key developments and strategies observed in the market

    – Market Dynamics such as Drivers, Restraints, Opportunities and other trends

    – In-depth company profiles of key players and upcoming prominent players

    – Growth prospects among the emerging nations through 2024

    – Commercial Aircraft Maintenance, Repair, and Overhaul (MRO) Market opportunities and recommendations for new investments

    Price Of Report: $ 4250 (SUL)

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    Detailed TOC of Commercial Aircraft Maintenance, Repair, and Overhaul (MRO) Market Research Report 2019 – 2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.3 Market Restraints
    4.4 Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 MRO Type
    5.1.1 Engine MRO
    5.1.2 Components MRO
    5.1.3 Interior MRO
    5.1.4 Airframe MRO
    5.1.5 Modifications
    5.1.6 Field Maintenance
    5.2 Geography
    5.2.1 North America
    5.2.2 Europe
    5.2.3 Asia-Pacific
    5.2.4 South America
    5.2.5 Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
    6.2 Vendor Market Share
    6.3 Strategies Adopted by Leading Players
    6.4 Company Profiles
    6.4.1 AAR Corp.
    6.4.2 Delta TechOps
    6.4.3 General Electric Company
    6.4.4 Hong Kong Aircraft Engineering Co. Ltd
    6.4.5 Lufthansa Technik AG
    6.4.6 Pratt and Whitney (United Technologies Corporation)
    6.4.7 Rockwell Collins Inc.
    6.4.8 SIA Engineering Company Ltd
    6.4.9 TAP Maintenance & Engineering
    6.4.10 Singapore Technologies Engineering Ltd
    6.4.11 MTU Aero Engines AG
    6.4.12 Rolls-Royce Holding PLC

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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