New aviation market research, now available on ASDReports, has reported that the commercial aircraft MRO market will reach a value of $53.4bn in 2014 as a result of growing demand for maintenance services to handle the global fleet of commercial aircraft.
The commercial aircraft MRO market is forecast to record solid growth rates over the next decade. Growing demand for air travel, particularly from emerging markets, will lead to an influx of new aircraft orders which require MRO services. The market is however facing many challenges, not least of which comes from OEMs, and traditional third party providers will need to adapt to this market development. As a result, the market will witness further consolidation, potentially changing the overall landscape for MRO for good.
An analyst responsible for the report, entitled Commercial Aircraft Maintenance, Repair & Overhaul (MRO) Market 2014-2024: Prospects for Companies in Engine, Component, HMV & Line Maintenance commented that ‘The prospects for the commercial aircraft MRO market are encouraging given the number of aircraft expected to be active in the air over the next ten years and because of the need to improve efficiency and to meet air safety requirements.’
The 188 page report contains 107 tables, charts and graphs providing visual analysis and explaining developing trends within the commercial aircraft MRO market and details 280 contracts recently signed in the market. The forecast of the market covers the period 2014-2024, with yearly market value calculated in US dollars. As well as the global commercial aircraft MRO market, 4 submarkets (engine maintenance, component maintenance, line maintenance and HMV/Mods) and 6 regional markets are forecast and analysed over the period 2014-2024 providing 24 discrete market segments. Analysis is informed by an interview with Bedek Aviation Group. The report also provides profiles of 22 leading companies operating within the market.
Commercial Aircraft Maintenance, Repair & Overhaul (MRO) Market 2014-2024: Prospects for Companies in Engine, Component, HMV & Line Maintenance. will be of value to current and future potential investors as well as companies and research centres who wish to broaden their knowledge of the commercial aircraft MRO market.
Source: ASDReports - Market Research
Date: Jun 18, 2014