A recent report published by Infinium Global Research on aircraft maintenance, repair and overhaul market provides in depth analysis of segments and sub-segments in global as well as regional aircraft maintenance, repair and overhaul market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional aircraft maintenance, repair and overhaul market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global aircraft maintenance, repair and overhaul market. According to report the global aircraft maintenance, repair and overhaul market is projected to grow at a CAGR of 3.8% over the forecast period of 2018-2024.
Growing commercial Aircraft navy has primarily driven the aircraft maintenance repair and overhaul market. Moreover, the aircraft retirements have also been decreased due to increasing age of aircrafts. The main reason behind doing this is due to the current aircrafts being continuously upgraded to include latest technologies through MRO services before being retired for scrap and fighter planes. This is another factor driving the growth of aircraft maintenance repair and overhaul market. Time constraints, high maintenance cost, limited number of service stations and skilled expertise are some of the restraining factors that affect the growth of market. Government bodies are continuously formulating strict rules and regulations affecting emission levels of aircraft below the set standards which in turn is the key opportunity for the players in the aircraft maintenance repair and overhaul market.
The report on global aircraft maintenance, repair and overhaul market covers segments such as, by segments, by services and by aircraft type. On the basis of by segments the global aircraft maintenance, repair and overhaul market is categorized into engine, line, base and component. On the basis of by services the global aircraft maintenance, repair and overhaul market is categorized into line maintenance services, engineering services, technical training, inventory management, freight conversions and others. On the basis of by aircraft type the global aircraft maintenance, repair and overhaul market is categorized into narrow body aircraft, wide body aircraft, very large body aircraft and regional aircraft.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2016-2024.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global aircraft maintenance, repair and overhaul market such as, AAR Corporation, Turkish Technik AG, Sabena Technics, Aviation Technical Servics, Delta TechOps (Delta CorporationLtd), Singapore Technologies Aerospace Ltd, Air France Industries, Aeroman, United Technologies Corporation and Mexicana MRO services.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global aircraft maintenance, repair and overhaul market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of aircraft maintenance, repair and overhaul market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the aircraft maintenance, repair and overhaul market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the aircraft maintenance, repair and overhaul market to understand the present and future trends in this market and formulate their strategies accordingly.
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